Pakistan Sports Board (PSB) has attained 186% increase in the revenue generation.
According to the details, PCB generated a total of Rs 17.5 million revenue during the Year 2019-2020.
In Year 2018-2019 total income generation was around Rs 9.5 million, contrary to year 2019-2020 during which total income generation turned out to be Rs 17.5 million.
Federal Minister of Inter Provincial Coordination (IPC), Dr Fehmida Mirza 87th meeting of the executive committee of Pakistan Sports Board in which Secretary IPC, DG PSB, and DS sports attended the meeting.
During the meeting employee related issues, financial matters, budget, upgradation of sports complex, awarding of cash prize to the medal winners of SAF games and also the projects proposed to be included in PSDP 2020-2021 were discussed.
Dr Fehmida expressed her satisfaction over the fact that PSB has attained 186% increase in revenue generation from its own sources over the period of last 7 months only (July 2019-January 2020).
Federal Minister also directed to grant Rs 5 lakh cash to the ailing wrestler Din Muhammad who was the first Pakistani Gold Medalist of 1954 Asian Games, held in Manila.
It was also decided in the meeting that all those employees of Grade-17 and above who have crossed their medical allowance ceiling, would have to refund the extra amount.