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Administrator approves surplus KMC budget with Rs26bn outlay - Newspaper


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. ....

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