Orange Line Is White Elephant Which Eats 9 Billion Annually

Punjab minister of finance Hashim Jawan Bakhat Tuesday said that country was passing through a critical period following the covid-19 pandemic and therefore the provincial government given the simplest budget within the current scenario by focusing towards the areas hit by the corona virus and protecting the economy and vulnerable groups.

The Punjab government didn’t compromise on the event portfolio despite witnessing reduction within the revenue while Public Private Partnership Authority was established for implementation of the PPP projects. The southern loop of the Lahore bypass are going to be completed under PPP project with Rs 10 billion amount within the financial year 2020-21 while the PPP projects got a five year tax holidays also .
Addressing the Post Budget news conference here at 90 Shahrah-e-Quaid-Azam along side Chairman Planning and Development Hamid Yaqoob Sheih, and Secretary Finance Abdullah Sumbal, he said the govt given Rs 56 billion tax relief package within the budget, besides given priority to construction sector to spice up 16 attached industries with it.

The minister announced that a replacement project Paradigm was introduced within the budget with the name Grow Punjab and Rs 106 billion package allocated to cope up with covid-19 under this head. The project will helpful in improving the health sector, besides controlling of the covid-19. the govt will review the expenditure on monthly basis thanks to covid-19 pandemic while all the recommendations would be considered the extra expenditures to regulate the covid-19 pandemic. He said the govt didn’t launch the new projects for the sake of creating the budget speech attracting rather to focus to finish last year announced 6 universities and 9 hospitals. therefore the government has made substantial increase in health and education budget.

Hashim Jawwan said that the govt also introduced small projects of the community development including the tree plantation, roads and canals linings et al. so as to make employment opportunities for lower segment of the society. He said the Punjab government likewise the federal also lowers down the revenue generation targets while the scope of the foreign funded and assisted projects was increased to satisfy the gap. Further, expanding the taxpayer base was focused within the budget.

On an issue , the minister said the govt allocated Rs 9 billion for the Orange Line Metro Train (OLMT) project, out of which Rs 4 billion allocated for subsidy and 4.5 billion for the payment of mark-up of the project loan. The minister stressed the OLMT a white elephant that government will need billion of rupees subsidy per annum .

Rightwebguide

Rightwebguide

11 Comments

Ann Panchal · July 7, 2020 at 6:59 am

I simply want to mention I am just newbie to weblog and definitely liked this blog. Likely I’m planning to bookmark your blog . You certainly have perfect articles. Appreciate it for sharing your web-site.

CBD Cream · July 8, 2020 at 3:07 pm

Really nice style and design and excellent content , nothing at all else we need : D.

veggie curry · July 8, 2020 at 4:29 pm

Hello There. I found your blog using msn. This is a really well written article. I will make sure to bookmark it and come back to read more of your useful info. Thanks for the post. I?ll certainly comeback.

cannabidol · July 8, 2020 at 6:31 pm

This information is magnificent. I understand and respect your clear-cut points. I am impressed with your writing style and how well you express your thoughts.

CBD Capsules · July 9, 2020 at 3:21 am

I love your wp format, where did you get a hold of it?

where is the cheapest place to buy viagra · July 9, 2020 at 4:30 am

After study a few of the blog posts on your site now, and I truly like your means of blogging. I bookmarked it to my book mark web site list as well as will certainly be examining back soon. Pls have a look at my website also and also let me understand what you think.

John Deere Technical Manuals · July 10, 2020 at 4:52 am

Hey, you used to write excellent, but the last few posts have been kinda boringЎK I miss your super writings. Past few posts are just a little out of track! come on!

Tractor Workshop Manuals · July 10, 2020 at 8:27 am

Some really nice stuff on this web site , I it.

replacement screens for security doors · July 10, 2020 at 11:04 am

Hey there! Would you mind if I share your blog with my zynga group? There’s a lot of people that I think would really appreciate your content. Please let me know. Cheers

security screens for doors · July 10, 2020 at 1:36 pm

Superb post but I was wanting to know if you could write a litte more on this subject? I’d be very grateful if you could elaborate a little bit more. Thank you!

review · July 10, 2020 at 10:58 pm

you have a wonderful blog right here! would certainly you like to make some invite articles on my blog?

Leave a Reply

Your email address will not be published. Required fields are marked *