Karachi, March 03, 2014 (PPI-OT): Board of Directors of SITE Ltd approved Annual Budget of SITE Ltd. Meeting of the Board of Directors of SITE Ltd was held in SITE Ltd under the chairing of Secretary Industries Shazia Rizvi. MD SITE Ltd Nazar Muhammad Bozdar, Chairman SITE Association Younis Bashir and other members of Board were also present.
In the meeting the deficit Budget of 6.1 million rupees was presented for approval, total estimate of expenditure is one Billion 18.8 Million and expected income of SITE is estimated one Billion 18.1 Million. The budget was presented by the Director Finance Arbab Ali Khan and MD SITE Ltd Nazar Muhammad Bozdar brief the Board members about the whole budget estimate.
For the improvement of SITE’s income Board of Director has been approved several measures, according to the approval water billing to industrial estate of SITE Sukkur, Kotri, and Hyderabad has been increased, SITE Ltd will charge 85 rupees/1000 gallon from Kotri, 75 rupees/1000 gallon from SITE Hyderabad and 75 rupees/1000 gallon from SITE Sukkur and these Bills will charge after 15 March. Those consumers who doesn’t install water meter yet, they have to pay 25% average bill to SITE Ltd.
Furthermore charges of approval of drawing and fees of penaltiable structure has been also increased. Charges of Kacha Land of parking shades in industrial area will also increase 2 rupees per square feet. Board directed immediate measures to get back possession of SITE’s Rest House near National Stadium and recover dues of 8 million rupees as soon as possible.
Meanwhile Annual General Body Meeting of SITE Ltd will held on 18th March, in this session Election of Board of Directors of SITE will conduct and 3 years Audit of SITE Ltd would also approved.
For more information, Contact:
Sindh Industrial Trading Estates Limited
Department of commerce and industries
Government of Sindh
Mr. Rasheed Solangi
Managing Director S.I.T.E Ltd
Manghopir Road, Karachi.