Punjab Govt utilizes record rs.249 billion development budget during the first six months
Lahore, Jan 03:
Chief Minister Punjab Chaudhry Parvez Elahi-led provincial government has set a new record by utilizing Rs.249 billion in the first six months of the current fiscal year. This has been made possible due to good governance and effective monitoring of development projects.
During this period, Rs.89 billion more were spent under the annual development program than in the previous financial year. Rs.160 billion were used under ADP during the first six months of the previous fiscal year.
The CM has expressed satisfaction with the speed of ADP funds’ utilization and appreciated the performance of Chief Secretary Abdullah Sumbal, Chairman P&D Board Wasif Khurshid and their teams. He has termed it an important achievement and hoped that the provincial government would set a record for the maximum utilization of development funds. The timely utilization of funds would ensure the completion of projects within their timeframes to ensure that the people could benefit from the fruits of development, he added.