{"id":52976,"date":"2019-06-26T16:37:59","date_gmt":"2019-06-26T11:37:59","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52976"},"modified":"2019-06-26T16:37:59","modified_gmt":"2019-06-26T11:37:59","slug":"rmc-proposed-surplus-budget-pkr-2-55-bn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rmc-proposed-surplus-budget-pkr-2-55-bn.html","title":{"rendered":"RMC proposed surplus budget of PKR 2.55 bn"},"content":{"rendered":"<p>Islamabad: The Rawalpindi Municipal Corporation (RMC) has proposed a surplus budget of PKR 2.55 billion for the Fiscal Year (FY) 2019-20, a news source reported. The authority will present the proposed budget to its administrator Saqib Zafar for approval.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/rmc-to-rent-out-its-old-building.html\" target=\"_blank\" rel=\"noopener noreferrer\">RMC to rent out its old building<\/a><\/p>\n<p>As per the proposed budget documents, RMC expects to raise PKR 1.25 billion from its personal resources. This revenue would be added to the PKR 1.30 billion that the authority has carried over from the outgoing FY 2018-19.<\/p>\n<p>For the upcoming FY 2019-20, RMC has allocated a sum of PKR 1.32 billion for development projects. The authority will primarily invest these funds in the construction of a parking plaza in the old municipal office on Jinnah Road. RMC has also allocated PKR 110 million for existing schemes and PKR 800 million for new ones.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/rmc-prepares-plan-for-three-development-schemes.html\" target=\"_blank\" rel=\"noopener noreferrer\">RMC prepares plan for three development schemes<\/a><\/p>\n<p>Meanwhile, the budget summaries for both cantonment boards in Rawalpindi have also been approved. Also, Rawalpindi district administration has revised the property registration tax rates. The new rates will come into effect from July 1, 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Rawalpindi Municipal Corporation (RMC) has proposed a surplus budget of PKR 2.55 billion for the Fiscal Year (FY) 2019-20, a news source reported. The authority will present the proposed budget to its administrator Saqib Zafar for approval. Read:\u00a0RMC to rent out its old building As per the proposed budget documents, RMC expects to raise PKR 1.25 billion from its personal resources. This revenue would be added to the PKR 1.30 billion that the authority has carried over from the outgoing FY 2018-19. For the upcoming FY 2019-20, RMC has allocated a sum of PKR 1.32 billion for development projects. The authority will primarily invest these funds in the construction of a parking plaza in the old municipal office on Jinnah Road. RMC has also allocated PKR 110 million for existing schemes and PKR 800 million for new ones. Read:\u00a0RMC prepares plan for three development schemes Meanwhile, the budget summaries for both cantonment boards in Rawalpindi have also been approved. Also, Rawalpindi district administration has revised the property registration tax rates. The new rates will come into effect from July 1, 2019.<\/p>\n","protected":false},"author":18,"featured_media":49827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12008],"persona":[],"class_list":{"0":"post-52976","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-rmc-proposed-surplus-budget-of-pkr-2-55-bn"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RMC proposed surplus budget of PKR 2.55 bn - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Rawalpindi Municipal Corporation (RMC) has proposed a surplus budget of PKR 2.55 billion for the Fiscal Year (FY) 2019-20, a news source\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/rmc-proposed-surplus-budget-pkr-2-55-bn.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RMC proposed surplus budget of PKR 2.55 bn - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Rawalpindi Municipal Corporation (RMC) has proposed a surplus budget of PKR 2.55 billion for the Fiscal Year (FY) 2019-20, a news source\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rmc-proposed-surplus-budget-pkr-2-55-bn.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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