Buzdar directs to ensure financial discipline, curtail expenditures

Author: News Desk

Chief Minister Punjab Sardar Usman Buzdar has directed for taking every possible step to ensure financial discipline and adopting out-of-box solutions to curtail recurring expenditures. The chief minister said this while chairing a meeting on Wednesday to review progress on the development projects in the province. The meeting was informed that tax collection ratio has increased up to 7 percent as compared to the previous year as taxes worth Rs1,047 billion were collected till January 2021 and Rs191 billion development funds were also issued. The chief minister directed to complete the ongoing schemes according to their stipulated period and asked the administrative secretaries to personally review progress on development schemes. Timely completion saves resources and facilitates the citizens, he maintained and made it clear that any delay will not be tolerated. The chief minister emphasised that an effective monitoring system is imperative for timely utilisation of funds, adding that the annual development programme (ADP) targets must be achieved at every cost. “I will soon visit the P&D department to review progress made on the ADP,” he said.

Share
Leave a Comment

Recent Posts

  • Top Stories

Senior executives at Mercuria to face investigation by Pakistan’s FIA

Mercuria, a global commodities trading firm headquartered in Geneva, finds its senior executives under scrutiny…

5 hours ago
  • Business

PSX extends bullish trend with gain of 862 points

Pakistan Stock Exchange (PSX) remained bullish for the second session in a row on Monday,…

6 hours ago
  • Business

PKR depreciates by 3 paisas to 278.24 vs USD

The rupee remained on the back foot against the US dollar in the interbank market…

6 hours ago
  • Business

SECP approves PIA’s scheme of arrangement

The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between Pakistan…

6 hours ago
  • Business

Gold snaps losing streak

Gold price in the country snapped a six-session losing streak and increased by Rs2,500 per…

6 hours ago
  • Business

Rs 83.6 billion loaned to young entrepreneurs: Rana Mashhood

Chairman of the Prime Minister Youth’s Programme(PMYP) Rana Mashhood has underscored the success of the…

6 hours ago