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Commerce ministry seeks Rs6bn to build four expo centres

Commerce ministry seeks Rs6bn to build four expo centres

ISLAMABAD: The Ministry of Commerce is seeking Rs6 billion in FY17 budgetary allocation to construct four new expo centres under the public sector development programme (PSDP).

These expo centres, to be completed by 2018, would meet international standards and help boost economic activities through trade exhibitions, consumer fairs and conferences, the ministry said.

According to official documents available with Dawn, the approval has already been given for the construction of an expo centre in Peshawar with Rs1.5bn spending. The work on the project will be started soon after the transfer of land of government of Khyber Pakhtunkhwa.

The remaining centres will be constructed in Faisalabad, Lahore and Quetta.

An amount of Rs2.5bn has been proposed for an expo centre in Faisalabad, the country’s third-largest city which houses major industries including textiles, agriculture, home furniture, jewellery and pharmaceuticals. Of the total, Rs1.5bn has been proposed for FY17 and Rs1bn for FY18. For Quetta’s expo centre, an amount of Rs2.75bn has been proposed — Rs1.6bn in FY17 and Rs1.15bn in FY18.

The commerce ministry has also sought an additional amount of Rs990 million to construct the third phase of Lahore expo centre. Under this project, additional facilities would be built for parking, security and even support services in accordance with the enhanced needs of the events.

Apart from that, the ministry has sought Rs177.2m over the next two fiscal years to strengthen research and analysis capabilities of the National Tariff Commission (NTC). The amount will be used for recruitment of experts and qualified professionals, conducting training and research studies.

Besides, Rs196.9m has been sought for the purchase of equipment, furnishing, curriculum development and training of the Pakistan Institute of Fashion and Design.The non-development expenditures of the commerce ministry for the next fiscal year has also been reduced by 6pc to Rs4.69bn from the revised estimates of Rs5bn for the current fiscal year.

Published in Dawn, May 7th, 2016

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