Monday, August 8, 2022
HomeLatest NewsKP Minerals Department fails to utilize development budget

KP Minerals Department fails to utilize development budget

Peshawar: According to a piece of recent news the Khyber Pakhtunkhwa (KP) Minerals Department has failed to spend millions of the government allocated Rs. 230 million for various projects till the third quarter of the current financial year (FY21).

Read More: KP Government to start one-window service to facilitate power crush plants

According to the info, the government had set aside Rs. 230 million in the Annual Development Program for five departmental programs (ADP). The Finance Ministry allocated Rs. 143.633 million for these projects before the third quarter of this year, but only Rs. 120.650 million was invested.

According to Finance Department records, the provincial government has not released any funds for the Model Coal Mine in Nowshera district, which was allocated Rs. 32 million. Similarly, only Rs. 2 million of the Rs. 12.120 million sets aside for the production of the province’s mines and mineral industry has been invested, while Rs. 49.854 million of the Rs. 70 million sets aside for the creation of mine monitoring units in mineral-rich areas has been spent.

Read More: Plan for Gwadar oil city likely to be finalized by end of year

According to sources, despite the large mineral reserves in Khyber Pakhtunkhwa, no projects to increase the province’s reserves by utilizing minerals have been included in the budget. Sources added that a few projects included in the development program were delayed due to the non-provision of funds by the KP Finance Department.

For more details, visit our website Property News.

 

Most Popular

Islamabad Golf City

Nova City Peshawar

Seven Wonder City Islamabad

Park View City Golf Estate

Recent Comments

Need Help? Chat with us