Baba Reshi shrine generates highest income for Wakf board

Baba Reshi shrine generates highest income for Wakf board
SRINAGAR: The shrine of Baba Reshi tops the revenue generation list for the Jammu and Kashmir Muslim Wakf Board.
The shrine has generated Rs 2.74 crore in the last financial year, with board’s income touching Rs 23.28 crore during the year, the minister for Haj and Auqaf stated in a written reply.
However, the board’s expenditure has been Rs 23.48 crore, about Rs 20 lakh more than what it earned during the period.
He said the board’s annual collective income in the fiscal from different shrines and other assets was Rs 23, 28, 10,779 while the expenditure was Rs 23, 48, 42,000.
The shrine of Hazratbal generated an income of Rs 2, 65, 43, 891 while the shrine of Makhdoom Sahib generated Rs 2, 57, 33, 022 for the board, the reply mentioned.
The least income-generating shrines have been Peer Ki Gali and the shrine of Syed Ali Akbar. The former didn’t generate any revenue during the last fiscal while the latter has generated only Rs 500, it said.
The board has spent most of the money earned on its “establishment”.
Rs 13.08 crore has been earned on “establishment” while Rs 8.31 lakh has been given as financial aid, it said.