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Naya KPK | News & Updates on the development in KPK.

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17 megawatt Ranolia Dam (Kohistan) to complete this month: PEDO
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stay tune i m going to share more dams images
 
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K-P govt shifts attention to removing debt


PESHAWAR: The Khyber-Pakhtunkhwa (K-P) government has allocated Rs8.637 billion for debt servicing in 2015-16 in an effort to prematurely retire federal and foreign exchange loans, according to an official paper.

With heavy debt servicing taking its toll on the provincial budget, the K-P government has decided as part of its debt management strategy to retire expensive loans of the federal government.

The K-P administration has already started repaying the expensive federal loans from financial year 2002-03 and Rs22.374 billion has been repaid prematurely up to financial year 2013-14.

As a result, the provincial government has made savings of Rs5.125 billion per annum from 2002-03 to 2013-14.

The outstanding liability in terms of foreign loans against the K-P government is Rs87.401 billion on the first of July 2015. The outstanding balances of a number of foreign loans are being assessed by the federal and provincial governments as the disbursement of these loans is being made to various project execution agencies.

The outstanding debt liability of the provincial government on account of federal loans is Rs5.103 billion as on July 1, 2015.

Published in The Express Tribune


Great news
 
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Proposed Bacha khan Airport after renovation

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. . . . . . .....Chief Minister Khyber Pakhtunkhwa Pervez Khattak has asked the Turk investment consultants to explore investment opportunities in the housing, infrastructure development and agriculture sectors of Khyber Pakhtunkhwa. He said that the provincial government was offering attractive incentives in these sectors under the public-private partnership concept in a bid to save the public money and enhance the standard of work.
This he said while talking to a Turk Investment Group that held a meeting with the Chief Minister at CM House today. The group showed its interest for investment collaboration with Khyber Pakhtunkhwa government in housing, infrastructure development and food and agriculture sectors. The meeting was also attended by Senator Mohsin Aziz, secretaries of Local Government and Housing departments and other concerned officers.
The group briefed the Chief Minister about its activities in Turkey and Pakistan and offered investment in housing sector of Khyber Pakhtunkhwa.
Chief Minister Pervez Khattak referred to Peshawar Model Town project and told that the provincial government had invited national and international mega city developers to invest in the project on royalty basis only as such outsourcing concept would save the government money on one hand and provide better housing facilities to the people of the province on the other.
He said the KP government was also working on various other housing and infrastructure projects and the Turk group may explore investment opportunities in such projects. He asked the Turk investors to also look into possibility for development of a modal town at Jalozai for which 3000 kanals of land was available...............
 
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Immi bhai better deliver in the remaining time or there are plenty of mountains in KPK to help the people of KPK kick him in the A$$ and off he goes.
 
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