Peshawar: The Minerals Department of Khyber Pakhtunkhwa (KP) has failed to invest even a single penny from its development fund in the first quarter of the current fiscal year (Q1FY22). The initiatives featured in the department’s Annual Development Programme (ADP) have been postponed due to the department’s inability to use the allocated funds.
According to data from the KP Finance Department, a total of Rs. 175 million of the Rs. 246 million allotted for six projects was issued but never used. Meanwhile, the finance ministry has yet to deliver Rs. 46 million set aside for expanding the capacity of the mineral testing laboratory and Rs. 25 million set aside for fencing.
According to sources, KP Finance Minister Taimur Salim Jhagra declared on the opening day of the current fiscal year that the provincial government has provided 100% funding to assist ministries in completing development projects without delay for the first time in history.
On the contrary, several departments’ money have not yet been released, causing projects to be delayed and their costs to rise. According to sources, despite generating significant annual revenue through taxes and other ways, the province administration is unable to provide funding to the departments due to financial restrictions.