A new town is to populated the banks of River Ravi and there is a demand of 1 billion of the loan to buy Treasury. Debt, interest and fiscal deficit pressure Where does the trillion emergency plan come from? On the concerns of the finance department, the Punjab chief minister formed a committee headed by the provincial finance minister.
According to the details: The Punjab government is also facing financial difficulties for the purchase of land on the River Ravi City project. The authority set up for the river project has requested the Punjab government to provide financial assistance for the purchase of land Treasury also appeal to more than a trillion of funds under the bridge finance sources say Punjab Finance Department Punjab authorities forwarded to the Cabinet Committee on this matter.
Sources said that the Punjab Finance Department has also given reservations over giving such a large amount of money that there is already a financial deficit due to the outbreak of the Karuna epidemic across the country, while the federation is not paying Rs 160 billion to Punjab. Where to give more funds? Sources now say that the Punjab Chief Minister has formed a committee headed by the provincial finance minister.
The committee will include officials from the finance, P&D, I&C and Ravi Urban Authority. The committee will prepare a report on the loan for resettlement of the new city on the banks of the river.
Extracted from City42 News