Major projects worth Rs24bn approved for Rawalpindi


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ISLAMABAD: The Punjab government, on Sunday, allocated Rs24 billion in the provincial budget for the fiscal year 2021- 2021 for several development schemes in Rawalpindi. 

As per sources, the government has earmarked  Rs16 billion for the construction of Ring Road, Kohsar University, Daducha Dam and modern graveyard. 

According to details, the Ring Road project would be completed under a public-private partnership (PPP) whereas the executive agency will be Punjab Ring Road Authority (PRRA). The project is expected to extend from GT Road to Thalian motorway. 

In addition, Rs8 billion have been allocated for the development of Murree. A 57-kilometre gas pipeline will be installed in Murree while a 38-km one will be initiated in Rawalpindi. 

Furthermore, funds have been reserved in the fiscal budget for the construction of Daducha dam worth Rs5 billion. 

 

 

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GoP to draft major tax-related measures to facilitate exporters in budget 2021-22 | Graana.com Blog


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ISLAMABAD: The Government of Pakistan is set to draft major tax-related measures to facilitate exporters in the budget (2021-22) in a move to increase exports of Pakistan. 

As per top government representatives, the government will draft a simplified scheme for exporters namely Finance Bill 2021 that will highlight the new facilitative measures. 

Presently, different export schemes are utilised by the exporters. Under the new scheme, all export schemes will be integrated into a single scheme under the Federal Board of Revenue (FBR). 

The scheme has been further sent to leading exporter associations for reviews. 

Integrated schemes proposed by FBR include simplification of export schemes, reduction in import duties to zero for basic raw materials, automated system for redressals etc.  

The FBR revised upwards the duty drawback rates in eight sectors under the “Make in Pakistan” initiative. 

 

For more news, visit Graana.com