K-P sees over 55% ADP funds utilisation

Muzammil Aslam says 55.72% of the funds allocated for the first six months of the fiscal year 2024-25 have been used.

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PESHAWAR:

Khyber-Pakhtunkhwa Finance and Interprovincial Coordination Adviser Muzammil Aslam has said that the province has made significant progress in utilising its annual development funds.

According to Aslam, 55.72% of the funds allocated for the first six months of the fiscal year 2024-25 have been used.

Aslam revealed that a total of Rs. 190 billion was allocated for the first six months, out of which Rs. 79.5 billion has been released.

He added that Rs44.352 billion has been utilised, which is 55.72% of the total funds allocated.

The advisor also provided a breakdown of the funds allocated and spent for different regions. He said that for the settled districts, Rs120,000 million were allocated, out of which Rs60,948 million have been released and Rs33,467 million have been utilised, which is 55% of the total funds.

Similarly, for the merged districts, Rs30,000 million were allocated, out of which Rs8,719 million have been released and Rs5,115 million have been spent, which is 59% of the total funds.