Rs 10.5 Billion Proposed By The Revenue Division For ITTMS Projects – Research Snipers

Rs 10.5 Billion Proposed By The Revenue Division For ITTMS Projects

Rs10.5 billion are proposed by the Revenue Division for Integrated Transit Trade Management System (ITTMS). This project would start from next fiscal year and would fall under Public Sector Development Programme.

Also Asian Development Bank would launch this program and finance it by giving Rs10,000 million as the project initiates in the year 2017-2018.

ITTMS project would cost Rs31,626.2 million, out of which Rs26,049 million would be foreign exchange component while the remaining Rs5,576.5 million would be funded by the government.

Must read: Budget that can improve trade deficit in Pakistan

Similarly the revenue department has recommended funding for security enhancement projects at Karachi Port and Port Qasim. Rs1,743 million have been proposed for these projects. Out of this Rs1,703 million would be funded by Japan International Cooperation Agency (JICA).

Other than these the Revenue Division further proposed development of Inland Revenue offices around the country, which would cost Rs200 million. For Model Custom Collectorate at Gawadar and construction of Regional Tax Office at Islamabad Rs150 million each would be required.

Other proposals by Revenue Division are Rs25 million for viabilities of Model Customs Collectorate (MCC) Gawadar. The project that is going on that is the construction of Zonal Office, and Transit Accommodation at Kohat the division proposed Rs59.470 million. Transit Accommodation for MCC Faisalabad would require Rs49.470 million, acquisition of land for Regional Tax Office Peshawar would cost Rs59.250 million and development of warehouse for Model Custom Collectorate (Preventive) Karachi Rs59.710 million would be needed as per the revenue division.

Also the Revenue division proposed finance for construction of a warehouse for Model Customs Collectorate, Thokar Niaz Baig, Lahore, purchase of land for Regional Tax Office (RTO) Lahore, reconstruction of Regional Tax Office, Sargodha and purchase of land for Directorate of Intelligence and Investigation (IR) at Islamabad Rs 55 million, Rs  59.5 million Rs50 million and Rs 35 million respectively.

Finally we come the revenue decided for construction of Zonal Office (IR) at Manshera and Transit Accommodation at Manshera, which is Rs58.750 million and Rs49.470 million respectively.

Rs14.298 billion budget has been proposed in totality. The projects are 41 that are decided to run from the next year.