Rawalpindi Development Authority approves Rs3.52bn annual budget

Published July 13, 2020
Out of the total budget, Rs2.395bn have been allocated for development work. — Dawn/File
Out of the total budget, Rs2.395bn have been allocated for development work. — Dawn/File

RAWALPINDI: The governing body of Rawalpindi Development Authority (RDA) on Friday approved Rs3.520 billion annual budget of the RDA and a Rs2.059bn budget of Wasa.

The 48th meeting of the governing body was held with RDA Chairman Tariq Mehmood Murtaza in the chair.

RDA Director General Amara Khan presented the budget for the fiscal year 2010-21 which was approved.

Out of the total budget, Rs2.395bn have been allocated for development work.

Adoption of strict financial discipline and austerity measures resulted in saving in various heads of accounts in the last financial year, said Mr Khan.

Governing body also approves deficit budget of Wasa

The meeting also approved the Rs2.59m deficit budget of Wasa. The budget proposals were presented by Wasa Managing Director Raja Shaukat Mehmood.

Total income expected is Rs1.589bn whereas the expenditures were estimated at Rs3.649bn. A major portion of the amount for expenditures was allocated for improvement of water supply network, electricity bills, improvement of sewerage lines etc.

The meeting also approved the alignment of the proposed 65.8km Ring Road which will start at Radio Pakistan Rawat and terminate at Sangjani.

The meeting also approved construction of special economic zones (SEZs), including industrial, educational, recreational, medical health, residential and aerotropolis along the Ring Road to decongest the city and set a new direction for growth.

Besides, the meeting also approved various agenda items, including auction of lease rights of the RDA own properties regulation 2020, amendment in regulation 2.5 (A) VI of building and zoning regulations 2020 dealing with apartment buildings.

Speaking on the occasion, the RDA chairman said the development authority will provide maximum civic facilities to the citizens.

He said the meeting of the governing body will be held on a monthly basis to address grievances of the public and review policy matters.

The meeting was attended by members of the governing body including retired Maj Mohammad Latasab Satti MPA PP-6, Nasreen Tariq MPA (W-301), RDA Chief Engineer Aamir Rashid, Director Admin and Finance Khalid Javed Goraya, representatives of Finance Department, local government department and others.

Published in Dawn, July 13th, 2020

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Unyielding onslaught
12 Jun, 2024

Unyielding onslaught

SEVEN soldiers paid the ultimate price in Lakki Marwat on Sunday when their vehicle was blown up in an IED attack,...
X diplomacy
Updated 12 Jun, 2024

X diplomacy

Both states can pursue adversarial policies, or come to the negotiating table and frankly discuss all outstanding issues, which can be tackled through dialogue.
Strange decisions
12 Jun, 2024

Strange decisions

THE ECP continues to wade deeper and deeper into controversy. Through its most recent decision, it had granted major...
Interest rate cut
Updated 11 Jun, 2024

Interest rate cut

The decision underscores SBP’s confidence that economic stability is gaining traction.
Rampant zealotry
11 Jun, 2024

Rampant zealotry

Decades of myopic policies pursued by the state have further aided the radicalisation of significant portions of the population.
Cricket breakdown
11 Jun, 2024

Cricket breakdown

THERE was a feeling that Pakistan had finally turned the corner in their T20 World Cup campaign. Sadly, it was only ...