Over Rs494 million released by govt for revenue division projects

ISLAMABAD: The government has so far released Rs494.994 million for various ongoing and new projects of revenue division under the Public Sector Development Programme (PSDP) for the current fiscal year (2017-18).

The government in its Federal PSDP had earmarked Rs790.100 million for the revenue division projects, with foreign exchange component of Rs105 million, reports said.

The government released the total amount of Rs148 million for the establishment of inland revenue offices in the country, earmarked for the project in the federal PSDP for the current fiscal year.

An amount of Rs140.994 million has been released for development of Integrated Transit Trade Management (ITTMS) under ADB Regional Improving Border Service Project. The total cost of this project has been estimated at Rs 31,626 million which is being developed to modernize facilities at border crossings at Torkham, Chaman and Wagah.

The government has earmarked an amount of Rs255.375 million for the project this year with foreign exchange component of Rs100 million.

The government also released Rs64 million for construction of Regional Tax Office (RTO) Islamabad out of its total allocations of Rs94 million during the current PSDP. An amount of Rs32.5 million have been released for project for Security Improvement in Karachi Port and Port Qasim for Installation of three fixed and one Mobile Scanner with JICA assistance.

The government has earmarked an amount of Rs55 million for the project with foreign exchange component of Rs5 million in the PSDP2017-18, report adds.