MCL approves third budget worth Rs 10.752bn

Author: Staff Report

The Metropolitan Corporation Lahore (MCL) has approved its third budget worth of Rs 10.752 billion for the fiscal year 2018-19, in the session held at Town Hall on Monday.

The budget session was presided over by Speaker Rao Suhabuddin whereas Mayor Lahore Colonel (r) Mubashir Javed presented the budget in front of the House amid sheer pandemonium and protest from opposition benches.

It’s pertinent to mention that this session was supposed to be held on July 16, but it was postponed due to temporarily suspended officials of metropolitan corporations from the Election Commission of Pakistan in connection to make General Election 2018 free, fair and transparent.

However, the House turned into a fish market after not getting a permission of speech to Opposition of the House Afeef Ashraf Siddique from Speaker before mayor’s budget speech. Opposition members have torn the budget copies and recorded a protest by surrounding the desk of Mayor Lahore. Both houses have chanted slogans against each other. The session was started after 50 minutes delayed. Opposition has denied accepting the budget.

In the annual budget Fiscal Year 2018-19, 2.4 billion has been allocated for development budget, Rs 63,450 million for ongoing development schemes and Rs 300 million for construction and renovation of roads. A sum of Rs 150 million allocated for street lights, Rs 70 million for national festival/day, Rs 150 million for Filter Plants, Rs 41 million for sports, Rs 21 million for civil defense and Rs 100 million for Eidul Azha.

Published in Daily Times, July 31st 2018.

Share
Leave a Comment

Recent Posts

  • Business

PSX witnesses bullish trend, gains 158 points

The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 158.08…

6 hours ago
  • Business

ADB lauds comprehensive reforms, reaffirms continued support

The President, Asian Development Bank (ADB), Masatsugu Asakawa here on Monday lauded the government for…

6 hours ago
  • Business

Sui Southern Gas Company appoints Amin Rajput as acting CEO, MD

The Board of Directors (BoD) of Sui Southern Gas Company Limited (SSGCL), Pakistan’s premier natural…

6 hours ago
  • Business

Investment Talks: Gunvor, Total Energies meet PM

Gunvor Group Torbjorn Tornqvist Chairman and Vice Oceania & Southeast Asia Total Energies President Mehmet…

6 hours ago
  • Business

Rupee gains 4 paisa against dollar

Pakistani rupee on Monday appreciated by 04 paisa against the US dollar in the interbank…

6 hours ago
  • Business

Gold rates up by Rs 1,700 per tola to Rs 268,000

The per tola price of 24 karat gold increased by Rs.1,700 and was sold at…

6 hours ago