Latest news with #Rs29.9
Express Tribune
2 days ago
- Business
- Express Tribune
Pindi to get Rs150b infrastructure boost
The Punjab government has approved a record-breaking Rs150 billion development package for Rawalpindi under the Annual Development Programme (ADP) 2025-26the largest investment in the city's history. Aimed at resolving chronic traffic congestion, 13 major infrastructure projects will be executed by the Highway Division Rawalpindi to transform the city into a signal-free corridor. The initiative, aligned with Chief Minister Maryam Nawaz Sharif's vision of a modern Punjab, includes the construction of underpasses, flyovers, and road expansions across key intersections. Once completed, the corridor will provide uninterrupted travel from T-Chowk on GT Road through the cantonment areas, linking Peshawar Road and the motorways on one end, and Islamabad Expressway to Kachehri Chowk on the other. Engr Raja Qamarul Islam, MNA and Chairman of the District Coordination Committee, stated that Rs29.9 billion worth of new schemes would significantly improve travel flow across Rawalpindi. Key allocations include: Race Course Underpass – Rs2.6 billion (Rs54 million released), Chairing Cross Underpass – Rs1.5 billion (Rs54 million released), Army Graveyard Chowk Underpass – Rs1.9 billion (Rs68 million released), Kachehri Chowk Flyover & Underpass – Rs4.45 billion (Rs160 million released), Jinnah Park Flyover – Rs4.15 billion (Rs149 million released), Ammar Chowk Flyover – Rs3.45 billion (Rs124 million released), Iftikhar Janjua Road Underpass – Rs1.93 billion (Rs69 million released), COD Chowk Underpass – Rs3.75 billion (Rs135 million released), Tulsa Road Underpass (Adiala) – Rs1.69 billion (Rs61 million released). Rana Qamar Ali, Executive Engineer of the Highway Department, confirmed that site surveys and interdepartmental coordination have already begun. He added that six new underpasses are planned along Peshawar Road, while the GPO Underpass and Nawaz Sharif Flyover on Adiala Road are among the initial high-impact projects. The development drive also includes regional road rehabilitation, such as upgrades from Mahil Malkan to Dhoke Baba Buland in Kallar Syedan and widening roads from Akbar Chowk to Thalian and Marble Factory Road. Raja Qamarul Islam noted that Murree Road's decongestion through the Metro Bus Project offers a blueprint for success. He emphasized that new flyovers and underpasses will resolve bottlenecks at Kachehri Chowk, Ammar Chowk, and Jinnah Park, improving connectivity to Mall Road, Adiala Road, and beyond. CM Maryam Nawaz has directed all departments to ensure strict adherence to timelines and quality standards. The plan is expected to significantly boost economic activity by improving access to business districts and reducing logistics costs. President of the Rawalpindi Chamber of Commerce and Industry (RCCI), Usman Shaukat, praised the initiative but stressed the need for pedestrian-friendly, climate-conscious designs. "This should not only ease traffic but also support sustainable urban living," he said. The Rawalpindi package, if successfully implemented, could serve as a model for similar urban upgrades across Punjab.
Express Tribune
03-05-2025
- Business
- Express Tribune
KPRA revenue soars 40% in 10 months
Charging higher taxes from non-filers of income tax returns has become a source of easy revenue generation, rather than expanding the tax base. photo: file The Khyber-Pakhtunkhwa Revenue Authority (KPRA) has collected Rs41.9 billion in the first ten months of fiscal year 2024-25, marking a 40 per cent increase compared to the same period last year. This surge reflects a substantial rise of Rs12 billion over the Rs29.9 billion collected during July-April 2023-24. According to figures released by the KPRA's media wing on Friday, the authority generated Rs32.4 billion through the Sales Tax on Services and Rs9.51 billion via the Infrastructure Development Cess (IDC). In the corresponding period last year, collections stood at Rs25.5 billion and Rs4.38 billion respectively, reflecting a 27 per cent growth in Sales Tax on Services and a remarkable 117 per cent surge in IDC revenue. KPRA Director General Fouzia Iqbal lauded the performance of her team, crediting the impressive growth to their dedication and strategic planning. 'With the same level of commitment and our strategic approach, I am confident we will surpass this year's target with good margins,' she said. She also expressed her gratitude to taxpayers for their trust, confidence, and cooperation, which have played a crucial role in KPRA's achievements.
Business Recorder
03-05-2025
- Business
- Business Recorder
KPRA collects Rs41.9bn in 10MFY2025
PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has collected Rs41.9 billion in the first ten months of fiscal year 2024-25, marking a 40% increase compared to the same period last year. This surge reflects a substantial rise of Rs12 billion over the Rs29.9 billion collected during July-April 2023-24, according to an official communiqué, issued by KPRA here on Friday. According to figures released by the KPRA's media wing on Friday, the authority generated Rs32.4 billion through the Sales Tax on Services and Rs9.51 billion via the Infrastructure Developm ent Cess (IDC). In the corresponding period last year, collections stood at Rs25.5 billion and Rs4.38 billion respectively, reflecting a 27% growth in Sales Tax on Services and a remarkable 117% surge in IDC revenue. KPRA Director General Fouzia Iqbal lauded the performance of her team, crediting the impressive growth to their dedication and strategic planning. 'With the same level of commitment and our strategic approach, I am confident we will surpass this year's target with good margins,' she said. She also expressed her gratitude to taxpayers for their trust, confidence, and cooperation, which have played a crucial role in KPRA's achievements. Additionally, she acknowledged the support and guidance of Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur and Advisor to the CM on Finance Muzzammil Aslam, emphasizing that their leadership has been instrumental in implementing effective strategies and driving KPRA toward its goals. Copyright Business Recorder, 2025
