Latest news with #MilitaryLandsandCantonments
Express Tribune
12-06-2025
- Business
- Express Tribune
RCB approves Rs7.43b budget for FY26
The Rawalpindi Cantonment Board (RCB) has approved a total budget of Rs7.43665 billion for the fiscal year 2025-26. This budget includes Rs1.044b allocated for development works across the densely populated areas of the 10 wards, while Rs4.8165b has been earmarked for salaries and other operational expenditures. The budget was approved during a board meeting of elected members and has been forwarded to the competent authority, the Director of Military Lands and Cantonments, Rawalpindi Region, for final approval. The gap between income and expenditures will be covered by the opening balance for the next fiscal year. The budget board meeting was chaired by RCB Brigadier Ahmed Nawaz, and attended by Cantonment Executive Officer Ali Irfan Rizvi, Vice President Malik Munir Ahmed, and both elected and nominated members of the RCB. The board was informed that the budget estimate for fiscal year 2024-25 was Rs5.79971b, whereas for 2025-26, the estimate has increased to Rs7.43665b. This year, salary expenditures are projected at Rs3.2085b, and miscellaneous expenses are estimated at Rs1.608b, up from Rs 1.39b in the previous year. Under the "Original Works" category, Rs600 million will be spent on development schemes. Apart from an opening balance of Rs360m, the board expects the following sources of revenue: Rs3.52b from rates and taxes Rs28m from special acts Rs1.821b from property tax Rs1.055b from miscellaneous sources, Rs220m from grants and security contributions, and Rs432m from extraordinary income and debt recovery
Express Tribune
30-04-2025
- Business
- Express Tribune
RCB prepares Rs7.5b interim budget
The Rawalpindi Cantonment Board has prepared an interim, balanced budget amounting to Rs7.5954 billion for the fiscal year 202526. The preliminary approval was granted during a board meeting attended by both elected and nominated members, while the final approval will be issued by the competent authority, the regional director of Military Lands and Cantonments (MLC). According to sources, the new budget allocates Rs350 million for new works and Rs320 million for maintenance and repairs (M&R). An amount of Rs3.208 billion has been set aside for pensions. A significant portion of the budget will be spent on non-developmental expenditures, including utilities such as electricity, gas, telephone, POL (petroleum, oil, lubricants), stores, workshops, water supply, and sanitation. The previous fiscal year's budget (202425) stood at Rs6.59971 billion, with Rs500 million allocated to original works and Rs310 million to M&R.
