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Posts tagged as “funds”

Mahakali bridge construction stalled due to lack of funds

by Bhawani Bhatta in The Kathmandu Post, Dec 27, 2023A lack of budget has affected the construction work of a four-lane bridge over the Mahakali River connecting Dodhara Chandani Municipality with Bhimdatta Municipality. Work on the bridge remains stalled for the past three months. According to the construction company Kumar Shrestha CFEC JV, the government is yet to release around Rs250 million for the work completed in the fiscal year 2022-23 and for the first…

SJB alleges section of govt. raising funds for next Prez election

By Shamindra Ferdinando in The Island, Nov 13, 2023Top SJB spokesman Mujibur Rahman yesterday (12) alleged that a section of the Wickremesinghe-Rajapaksa government seemed to be raising funds for the presidential election scheduled for next year.The former SJB MP said that a well-organised operation was underway to raise funds at the expense of the country. Rahman told The Island that the recent increase in the Special Commodity Levy (SCL) imposed on imported white sugar had…

‘N’, IPP on same page over PTI’s ‘misuse’ of Rs870m in state funds:

By Zulqernain Tahir in Dawn, October 26th, 2023LAHORE: The PML-N and the Istehkam-i-Pakistan Party (IPP) have called for action against Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan and his party’s then Khyber Pakhtunkhwa government for allegedly misusing Rs870 million state fund for hiring ‘trolls’ and ‘influencers’ for social media campaigns. On the other hand, the PTI has termed it a “malicious pro­paganda campaign” agai­nst the party by the vested interest, demanding investigation against then chief minister…

Pastor Jerome has received tons of funds in billions – Probe reveals

by Darshana Sanjeewa Balasuriya in Daily Mirror, July 14, 2023Preliminary investigations by the Criminal Investigations Department (CID) against Pastor Jerome Fernando have so far revealed that funds in billions including foreign currencies have circulated via his local bank accounts on a regular basis, Daily Mirror learns. Sources said legal action against Jerome Fernando under the Money Laundering Act cannot be proceeded as of now because the majority of funds he had accumulated, had been received…

Two ‘TTP facilitators’ held

report in The News, June 15, 2023The Counter Terrorism Department (CTD) on Wednesday claimed arresting two operatives of the Tehreek-e-Taliban Pakistan on charges of raising funds for the outfit. The spokesman for the Sindh CTD said the CTD team arrested Fazlur Rehman, son of Muhammad Ismail Ashrafzai, while conducting the first operation in New Karachi Industrial Area and Rahim Afridi, son of Yar Badshah, in the second operation carried out in the Shershah police station…

US report: BJP pays politicians to lobby for Hindu Nepal

By Anil Giri in The Kathmandu Post, May 18, 2023The latest report of the US Department of State has said right-wing religious groups associated with India’s ruling Bhartiya Janata Party (BJP) have been providing funds to influential politicians of all parties in Nepal so that they speak in favour of Hindu statehood. In its International Religious Freedom Report-2022, the State Department, quoting civil society sources, stated that some politicians associated with the Rastriya Prajatantra Party…

CTD arrests four suspects for generating funds for militant outfits:

Report in The News, April 29, 2023The Counter-Terrorism Department on Friday arrested four men for allegedly generating funds for the militant outfits in Karachi. Investigation teams conducted raids in various parts of the city and arrested Rahimul Haq, son of Ali Zar, Ghulam Khan, son of Abdul Kareem, Abdullah alias Farooq, son of Akram, and Tanvir Nadeem alias Naveed. According to CTD investigations incharge Chaudhry Safdar, the raids were carried out after the department had…

More US aid to consolidate democracy

Report in The Kathmandu Post, Feb 8, 2023On her first day of Nepal visit, US Agency for International Development Administrator (USAID) Samantha Power announced that the agency would provide up to $58.5 million to advance democratic progress in Nepal, subject to the availability of funds. According to the US Embassy in Kathmandu, $40.2 million of this announcement is part of the $659 million development objective agreement announced in 2022. Power arrived in Kathmandu on Tuesday…

Govt. to cut public expenditure by 5% as State coffers run dry

report in Daily Mirror online, 11 January 2023 As State coffers have run dry owing to the steep contraction of the economy last year, President Ranil Wickremesinghe has instructed all ministries to cut five percent of their allocated budgets for 2023 to manage limited funds by prioritising salary and pension payments to public sector employees. “President informed the Cabinet that the public sector is facing much severe crisis than initially expected. This is mainly due…