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KMC council approves Rs 49,602.138m for upcoming FY 2024-25

KMC council approves Rs 49,602.138m for upcoming FY 2024-25

KMC council approves Rs 49,602.138m for upcoming FY 2024-25

KMC council approves Rs 49,602.138m for upcoming FY 2024-25

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KARACHI:  The Karachi Metropolitan Corporation (KMC) council approved a budget of Rs. 49,602.138 million for the upcoming fiscal year 2024-25 by majority vote.

Mayor Karachi Barrister Murtaza Wahab presented the budget in the KMC council for approval. The budget shows a surplus of Rs. 99.707 million.

The total income is estimated at Rs. 49,701.845 million, while the estimated expenditures are Rs. 49,602.138 million. Current Receipts is Rs. 39,718.132 million and Capital Receipts is Rs. 815.213 million, while funds for the District ADP are Rs. 9,168.500 million.

Establishment expenses are estimated at Rs. 27,846.975 million, contingent expenses at Rs. 3,176.048 million, repair and maintenance at Rs. 424.355 million, and development projects/works at Rs. 8,986.260 million. The estimated expenses for District ADP are Rs. 9,168.500 million.

While presenting his first budget as Mayor, Barrister Murtaza Wahab emphasized the efforts to provide maximum facilities to citizens at the local level. Regarding development projects, he mentioned that funds have been allocated under the Federal PSDP Development Scheme 2024-25, with a total cost of Rs. 10,000 million for the Karachi Development Package. Rs. 103.256 million has been allocated for road maintenance and repair, Rs. 1,000 million for the improvement of sports grounds, Rs. 111.62 million for the beautification of parks, and Rs. 8,785.118 million for the repair and beautification of bridges, flyovers, and underpasses.

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Under the Annual Provincial Development Program Scheme, Phase I of the Mewa Shah Cemetery and its surroundings has been completed at a cost of Rs. 200.920 million, with work on Phase II to be completed in this fiscal year.

The Shaheed-e-Millat Expressway KPT Flyover to Manzoor Colony Phase I scheme has been completed at a cost of Rs. 516.000 million, with work on Phase II ongoing and expected to be completed within this fiscal year. Additionally, 125 schemes worth Rs. 6,500 million are under construction.

For 2024-25, 162 new schemes under the Provincial ADP are proposed at an estimated cost of Rs. 5,788.100 million.

More than 150 roads, flyovers, bridges, sidewalks, service roads, pedestrian bridges, and entry and exit streets have been constructed and renovated under the CLICK project at a cost of Rs. 2,825 million. Proposed schemes under the CLICK project for 2024-25 amount to Rs. 6,476.400 million.

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For the 2024-25 budget, expected revenue estimates include Rs. 25,054.245 million from government grants including OZT share, Rs. 1,850 million from K-Electric’s dues to KMC, and Rs. 9,168.500 million from District ADP. Revenue recovery from various departments, with the most significant from the land department at Rs. 1,026 million.

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