Total Rs332 billion development funds spent in Punjab
Caption: Representational image.
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Out of total Rs752 billion allocated for development projects in Punjab, the provincial government has so far released Rs421 billion, reported 24NewsHD TV channel on Wednesday.
In a report on the utilization of development funds in Punjab, submitted to Punjab Chief Minister Syed Mohsin Naqvi, out of Rs421 billion released, Rs332 billion have been spent so far; thus the ratio of the funds utilized vis-à-vis the funds allocated stands at 44 per cent.
Similarly, out of an amount of Rs254 billion earmarked for south Punjab; Rs101 billion have been spent so far.
The chief minister was also informed about the utilization of funds set aside for the projects on which work is going at a snail’s pace.