Lahore: According to press reports, the Punjab government has decided to give 100 percent of funding for development projects in the fiscal year 2021-2

Read more: World Bank approved $800 million to improve Pakistan’s power sector, human capital

The Chief Minister’s Office issued the following instructions to the Finance Department:

  • PKR 214 billion development fund will be released in the first week of new fiscal year.
  • 90% of the PKR 560 billion budget for mega-development projects will be utilized in the coming year.
  • PKR 214 billion funds will be released for 2,263 ongoing projects. The development projects in Lahore will get 100% fund, which includes Shahkam Flyover, Sheranwala Gate, and Gulab Devi Underpass.
  • 100% funds will be provided for the up-gradation of school and development of Mother-Child Hospital in Gangaram.
  • Full funds will be provided for sewerage and water projects in the first quarter.

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