{"id":85900,"date":"2022-05-12T12:51:21","date_gmt":"2022-05-12T07:51:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=85900"},"modified":"2022-05-13T15:23:27","modified_gmt":"2022-05-13T10:23:27","slug":"development-new-balakot-city","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/development-new-balakot-city.html","title":{"rendered":"Development status of New Balakot City project shared"},"content":{"rendered":"\n<p>Islamabad: Minister for Parliamentary Affairs Murtaza Javed Abbasi on Thursday informed the National Assembly (NA) that so far 30% work has been completed on New Balakot City, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kp-govt-to-take-over-new-balakot-city-project.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM asks KP govt to take over New Balakot City project<\/a><\/p>\n\n\n\n<p>During the questioning section of the meeting, the minister revealed that the federal government has released PKR 1.5 billion to Khyber Pakhtunkhwa (KP) government in 2007 for the project\u2019s land acquisition. The PC-1 of the New <a href=\"https:\/\/www.zameen.com\/news\/new-balakot-city-affectees-plot.html\" target=\"_blank\" rel=\"noreferrer noopener\">Balakot City<\/a> development project was approved for PKR 12,000 million by the Executive Committee of National Economic Council (ECNEC).<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/construction-banned-new-balakot-city.html\" target=\"_blank\" rel=\"noreferrer noopener\">Construction activities banned on land acquired for New Balakot City project<\/a><\/p>\n\n\n\n<p>Minister Abbasi said that a total of PKR 2,969 million were released and utilized for the project. He said that the KP government is responsible for completing the remaining 70% work. The minister associated the delay in the project development with the non-availability of encumbrance-free property, lacking funds and local resistance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Minister for Parliamentary Affairs Murtaza Javed Abbasi on Thursday informed the National Assembly (NA) that so far 30% work has been completed on New Balakot City, according to news sources. Read: PM asks KP govt to take over New Balakot City project During the questioning section of the meeting, the minister revealed that the federal government has released PKR 1.5 billion to Khyber Pakhtunkhwa (KP) government in 2007 for the project\u2019s land acquisition. The PC-1 of the New Balakot City development project was approved for PKR 12,000 million by the Executive Committee of National Economic Council (ECNEC). Read: Construction activities banned on land acquired for New Balakot City project Minister Abbasi said that a total of PKR 2,969 million were released and utilized for the project. He said that the KP government is responsible for completing the remaining 70% work. The minister associated the delay in the project development with the non-availability of encumbrance-free property, lacking funds and local resistance.<\/p>\n","protected":false},"author":75,"featured_media":60343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[52247],"persona":[],"class_list":{"0":"post-85900","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-development-status-shared-for-new-balakot-city-project","10":"cat-15016-id","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Development status of New Balakot City project shared - Zameen News<\/title>\n<meta name=\"description\" content=\"Minister Murtaza Javed Abbasi on Thursday informed the National Assembly (NA) that so far 30% work has been completed on New Balakot City\" \/>\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\/development-new-balakot-city.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Development status of New Balakot City project shared - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Minister Murtaza Javed Abbasi on Thursday informed the National Assembly (NA) that so far 30% work has been completed on New Balakot City\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/development-new-balakot-city.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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