PDWP approves three development projects totaling Rs25.85 billion

PDWP approves three development projects totaling Rs25.85 billion

PDWP approves three development projects totaling Rs25.85 billion. The Punjab Finance Department has released a total of Rs47 billion to complete 3605 development projects under the District Development Program for the fiscal year 2021-2022, which will be completed by the end of the year.

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According to Punjab’s Finance Department, the funding has been made available to ensure equitable development in the province’s districts under the banner of a balanced district development strategy, which has been implemented since 2011. PDWP approves three development projects totaling Rs25.85 billion

While commenting on the issuance of the grant, Punjab Finance Minister stated that it would enable the social participation of the people in the entire process, thereby ensuring that less developed areas got an equal share in the development process. The PDWP has released a total of Rs47 billion to complete 3605 development projects under the District Development Program for the fiscal year 2021-2022, which will be completed by the end of the year.

Intending to keep up with the speed of the fast-rising economies of the region, Pakistan, a developing country, is seeking to expedite its economic growth. PDWP approves three development projects totaling Rs25.85 billion, Significant environmental challenges confront Pakistan, including water shortages, energy deficiency, air and water pollution, and the depletion of natural resources, among other things.

According to World Bank predictions, Pakistan’s gross domestic product (GDP) will grow by 1.3 percent in 2020 and 21. The International Monetary Fund (IMF) forecasted 1.5 percent growth. However, the State Bank of Pakistan (SBP) predicted a 3 percent growth for the year 2015. However, official (provisional) forecasts of a gain in GDP of approximately 4 percent greatly exceeded all expectations. In Faisalabad, the Chief Minister dedicates Rs8 billion in development projects to the people of the city.

PDWP approves three development projects totaling Rs25.85 billion.

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