Latest news with #Rs4
Express Tribune
15 hours ago
- Business
- Express Tribune
Punjab allocates Rs4b to boost South Punjab tourism
In a move to boost tourism in South Punjab, the provincial government has announced an investment of up to Rs4 billion under the fiscal year 2025-26 budget. The initiative includes seven new development projects focused on enhancing tourism infrastructure, preserving natural and historical sites, and promoting adventure sports in the region. Additional Chief Secretary (ACS) South Punjab Fuad Hashim Rabbani shared the details of the planned investments on Friday, stating that the government aims to transform the region into a vibrant tourism hub by developing key sites and introducing advanced technology in major events. As part of the initiative, a recreational park and tourist resort will be developed at the scenic hill station of Fort Munro at an estimated cost of Rs400 million. Additionally, another recreational park will be established along the Indus River at Ghazi Ghat in Dera Ghazi Khan, with an allocation of Rs800 million. These facilities aim to provide quality leisure spaces for tourists and locals alike. One of the most ambitious undertakings in the new plan is the launch of an international-standard eco-tourism project at Lal Suhanra National Park in Bahawalpur. With a dedicated budget of Rs2 billion, this flagship project will focus on sustainable tourism practices while preserving the park's unique ecosystem. According to ACS Rabbani, this effort is designed to place South Punjab on the map as an ecotourism destination of global repute. In addition to new developments, several existing tourist sites will see upgrades. These include the historic Derawar Fort in the Cholistan desert, the spiritual town of Kot Mithan, and Choubara Tehsil. New tourist resorts are also planned for Mari, a lesser-known but scenic hill station in district Rajanpur, and further facilities will be added in Ghazi Ghat. Recognising the growing popularity of car sport events, especially the annual Cholistan Jeep Rally in Bahawalpur and the Thal Jeep Rally in the Thal desert, the government has allocated Rs250 million to enhance the management and international appeal of these rallies. Funds will be used to procure modern time management systems and GPS-based live tracking devices, bringing these high-octane events in line with global standards. ACS Fuad Hashim Rabbani emphasised that the timely execution of these projects will not only unlock the immense tourism potential of South Punjab but also generate employment, stimulate economic growth, and create new livelihood opportunities for local communities. "These targeted investments reflect our commitment to regional development through sustainable tourism," he said, expressing optimism that the initiatives will significantly uplift the profile of South Punjab as a premier tourist destination in Pakistan.
Time of India
19 hours ago
- Business
- Time of India
NMC seeks disbursement of Rs4,000 crore for Kumbh Mela works
Nashik: The Nashik Municipal Corporation (NMC) has formally requested Rs4,000 crore from state govt to fund major projects ahead of the upcoming Simhastha Kumbh Mela. The civic body has asked for these funds to be allocated by the end of March 2026. Tired of too many ads? go ad free now In a letter sent to state govt, the NMC emphasized on the urgency of the funding, stating that the proposed works require a two-year time frame for completion. To facilitate this, the civic body has urged the govt to include the provision for these funds in its supplementary demands during the upcoming monsoon session of the state legislative assembly, which is scheduled to begin on Monday. Municipal commissioner Manisha Khatri confirmed the demand and said, "We have already sent a letter to state govt in this connection. We hope the funds will be approved in the supplementary demands during the upcoming monsoon session of the state assembly being held in Mumbai." The civic administration has prepared a Rs15,000 crore plan for the upcoming Simhastha Kumbh Mela, slated to be held between 2026 and 2028. The major three amrit snans (holy bath) will take place in Aug and Sept 2027. The NMC needs to start all major works which require around two years. The civic body is also in the process of starting works for land acquisition at Sadhugram, construction of bridges, construction of new sewage treatment plants (STPs), sewage network, among other works. In the first phase, the NMC will undertake works worth Rs 7,779 crore, of which around Rs 4,000 crore are to be spent by March 2026. Keeping this in mind, the civic body has written to state govt, seeking funds.
Business Recorder
a day ago
- Business
- Business Recorder
Gold price per tola falls Rs5,000 in Pakistan
Gold prices in Pakistan decreased on Friday in line with their rise in the international market. In the local market, gold price per tola reached Rs351,000 after a loss of Rs5,000 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs300,925 after a fall of Rs4,287. On Thursday, gold price per tola reached Rs356,000 after a gain of Rs1,335. The international rate of gold also decreased today. The rate was at $3,290 per ounce (with a premium of $20), after it lost $53, as per APGJSA. Meanwhile, silver price per tola decreased by Rs68 to reach Rs3,782.
Business Recorder
a day ago
- Business
- Business Recorder
Gold price per tola falls Rs5,000 in Pakista
Gold prices in Pakistan decreased on Friday in line with their rise in the international market. In the local market, gold price per tola reached Rs351,000 after a loss of Rs5,000 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs300,925 after a fall of Rs4,287. On Thursday, gold price per tola reached Rs356,000 after a gain of Rs1,335. The international rate of gold also decreased today. The rate was at $3,290 per ounce (with a premium of $20), after it lost $53, as per APGJSA. Meanwhile, silver price per tola decreased by Rs68 to reach Rs3,782.
Hans India
2 days ago
- Business
- Hans India
Investors richer by Rs 9.70 L cr
New Delhi: Investors' wealth jumped by Rs9.70 lakh crore in three days of market rally amid growing optimism following easing geopolitical tensions. On Thursday, the 30-share BSE Sensex jumped 1,000.36 points or 1.21 per cent to settle at 83,755.87. The market capitalisation of BSE-listed firms jumped by Rs9,70,200.71 crore to Rs4,57,52,700.57 crore ($5.34 trillion) in three days. 'Indian equity markets extended their gains on Thursday supported by strength in metal stocks and easing geopolitical concerns. With geopolitical tensions easing, macroeconomic indicators stabilising, the broader market appears to be regaining confidence,' Gaurav Garg, Analyst, Lemonn Markets Desk, said.
