Lahore: Punjab government has decided to release 100% funds in the financial year 2021-22 for development projects, according to news sources.
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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 fund 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.
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- 100% funds will be provided for upgradation of school and development of Mother Child Hospital in Gangaram.
- Full funds will be provided for sewerage and water projects in the first quarter.