Categories: Everyday News

Federal Govt earmarks Rs40.5bn for GB development projects

GILGIT: The federal government of Pakistan has allocated Rs 40.5 billion for uplift schemes in Gilgit Baltistan (GB) as part of their Public Sector Development Programme (2021-22). 

invest with imarat

Islamabad’s emerging city centre

Learn More

Speaking at a press conference, Minister for Planning, Development, and Special Initiatives Asad Umar stated that a development package worth Rs 55 billion was in the pipeline for the province. The funds allocation was to be increased in the fiscal year 2022-24. 

Addressing a press conference here along with Chief Minister Gilgit Baltistan Khalid Khursheed and the provincial ministers, Asad Umar said the total worth of the GB development package is Rs 55 billion.

The minister further stated that a Gilgit-Shandoor Expressway worth Rs 50 billion would be completed and would be part of the  China Pakistan Economic Corridor (CPEC) project. 

 

For more news, visit Graana.com

Maham Tahir

Recent Posts

WASA to Launch PKR 14 Billion High-Tech Sewerage Project in Lahore Using TBM Technology

The Water and Sanitation Agency (WASA) Lahore is set to initiate a landmark sewerage upgrade…

1 hour ago

Govt Plans Strict Tax Measures Against Non-Filers in Upcoming Finance Bill

Islamabad: The federal government is likely to include the Tax Laws (Amendment) Bill, 2024 in…

23 hours ago

Pakistan Awaits IMF Verdict on $2.3 Billion in Loan Approvals

Islamabad: The International Monetary Fund (IMF) Executive Board is set to convene on Friday, May…

1 day ago

Lahore-Rawalpindi Bullet Train Project Lauded as a Major Milestone for Punjab’s Development

Members of the National and Punjab Assemblies have lauded the provincial government’s plan to introduce…

2 days ago

CDA Sets New Record with Rs25 Billion Development Expenditure This Fiscal Year

ISLAMABAD: The Capital Development Authority (CDA) has recorded a historic development expenditure of Rs25 billion…

3 days ago

Islamabad Set to Inaugurate State-of-the-Art IT Park on August 14

ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…

5 days ago