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KMC Administrator Laeeq Ahmed approves Rs25.982 billion budget for the fiscal year 2021-22. Photo courtesy KMC Twitter
KARACHI: The Karachi Metropolitan Corporation on Tuesday passed a tax-free budget of Rs25.982 billion for the next financial year 2021-22 with a surplus of Rs12 million and estimated expenditures of about Rs25.970bn.
In the absence of an elected set-up, KMC Administrator Laeeq Ahmed approved the budget using the powers of the City Council. No new tax has been imposed in the budget.
The administrator said that for the next financial year priority was given to those development schemes which were in the public interest.
Crackdown intensified against smuggled petroleum products
Illicit petroleum trade is causing a whopping loss of Rs150-240b to national kitty
The Zulfikarabad Oil Tankers Terminal will be operational with effect from December 12. PHOTO: FILE
LAHORE:
Pakistan Customs has launched a crackdown against smuggled, substandard petroleum products being sold across the country, identifying and sealing 476 out of a total 2,224 petrol pumps so far.
In the nationwide raids, officials have seized more than 1.73 million litres of petrol and more than 1.87million litres of diesel, informed sources. The total value of the confiscated petroleum products is said to be Rs497.37 million, while the tally is susceptible to rise in the coming days.