The Rawalpindi Municipal Corporation (RMC) has given PKR 4.6 billion to development projects in the city for the fiscal year 2022-23 (FY22-23), according to an article in the leading newspaper on July 23.
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The corporation’s annual budget of PKR 6.1 billion was approved by Commissioner Noorul Amin Mengal, who is in charge of the RMC. According to the details, PKR 4.6 billion has been set aside for development projects and PKR 1.4 billion has been given to projects that are not related to development. Here’s what you need to know about the budget:
Streets and roads will be fixed and kept in good shape with PKR 25 million.
Building repairs will cost PKR 15 million.
PKR 10 million for fixing traffic lights and traffic signals.
Also, it was found out that the RMC has eight ways to make money:
It will get PKR 529 million from its share of the urban immovable property tax and PKR 400 million from the tax on the sale of immovable property.
325 million PKR from an award from the Provincial Finance Commission (PFC)
The fee for the change of land will bring in PKR 600 million.
Building plan fee of PKR 100 million
PKR 253 million from the RMC properties’ rent
PKR 120 million from the bank account’s profit
PKR 343 million for general bus, parking fees, and a slaughterhouse
Read: RMC works to check the status of commercial buildings and get rid of encroachments.
The commissioner said that the development fund will be used for big projects. Projects will be fixing up Sujan Singh Haveli, Bhabara Bazaar, and the statue of Benazir Bhutto in Liaquat Bagh. It is said that the goal of the civic group is to make the area better for visitors and tourists.