RMC earmarks PKR 4bn for development schemes

Rawalpindi: The Rawalpindi Municipal Corporation (RMC) has allocated PKR 4.6 billion for development projects in the city for the fiscal year 2022-23 (FY22-23), according to news published in the leading newspaper on July 23. 

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RMC Administrator Commissioner Noorul Amin Mengal approved the annual budget of PKR 6.1 billion for the corporation. As per the details, out of the total amount, PKR 4.6 billion has been reserved for development schemes whereas PKR 1.4 billion has been allocated for non-development projects.  The following are the details of the budget:

• PKR 25 million has been reserved for the repair and maintenance of streets and roads
• PKR 15 million allocated for building repair
• PKR 10 million for restoration of traffic signals and repair of streetlights

Moreover, it was revealed that the RMC has eight sources of income:

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• PKR 529 million will be obtained from its share of urban immovable property tax
• PKR 400 million from tax on the transfer of immovable property
• PKR 325 million from Provincial Finance Commission (PFC) award
• PKR 600 million will be acquired from the fee for the change of land
• PKR 100 million from building plan fee
• PKR 253 million from the rent of the RMC properties
• PKR 120 million from the profit of the bank account
• PKR 343 million for general bus, parking fees, and slaughterhouse

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The commissioner stated that the corporation will spend the development fund on major schemes. He went on to say that the restoration of Sujan Singh Haveli and Bhabara Bazaar, and the monument of Benazir Bhutto at Liaquat Bagh will be the main projects. Reportedly, the civic body aims to create a better environment for visitors and tourists.