Punjab budget 2017-18 at glance: Rs 135 billion allocated for annual development programme

BusinessPunjab budget 2017-18 at glance: Rs 135 billion allocated for annual development...

LAHORE, Pakistan: The Punjab government has earmarked Rs 635 billion for Annual Development Programme (ADP) 2017-18.

The highest priority has been given to the social sector with 32 per cent of the ADP allocations while 27 per cent has been given for infrastructure development.

More than Rs 201 billion has been allocated for the social sector with major focus on education (82.61 billion, 13%), health (Rs 51.80 billion, 8%) and clean drinking water (Rs 52 billion, 8%), according to the budget documents.

An amount of Rs 172,164 million has been allocated for infrastructure development including roads (Rs 90700 million), irrigation (Rs 41033 million), energy (Rs 9000 million), public buildings (Rs 15,000 million) and urban development (Rs 16,433 million).

Prioritizing the agriculture sector, the Punjab government has earmarked Rs 15 billion under the Khadim-e-Punjab Kissan Package this year to revive the sector as more than 40 per cent of Punjab’s labour is engaged with this key sector.

The Punjab government has earmarked a huge amount of Rs 88,350 million for special initiatives including Safe City Project (Rs 49,850 million), Special Development Package (Rs 21,000 million), Local Government Development (Rs 15,000 million) and package for other provinces (Rs 2500 million).

Human development will be paid special attention this year keeping in view the China-Pakistan Economic Corridor (CPEC) project. Also special focus would be on the production sector, modern infrastructure, development, SMEs development, devising a comprehensive industrial policy and domestic commerce strategy for initiating a long-term engagement as joint ventures with Chinese companies.

Adequate funding will be provided for flagship programmes of the provincial government including Khadim-e-Punjab Rural Roads Programme, dualisation of Khanewal-Lodhran Road and DG Khan-Muzafargarh Road, Punjab Police Integrated Command, Lahore Knowledge Park, Punjab Kidney Liver Institute and Saaf Paani projects.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Ambassador Khalil Hashmi hosts Pakistan-China media delegation in Beijing

0
BEIJING, China: Pakistan’s Ambassador to China Khalil Hashmi hosted the Pakistan-China media delegation at the Pakistan House in Beijing on Tuesday.The interaction was part...
Zardari urges Imran Khan to return to parliament

President Zardari for further strengthening strategic cooperation with China

0
ISLAMABAD, Pakistan: President Asif Ali Zardari has said that China is a trusted and great friend of Pakistan, and both Countries need to further...

US Embassy in Islamabad awards $20,000 in seed funding to women entrepreneurs

0
ISLAMABAD, Pakistan: The US Embassy in Islamabad has announced the winners of US$ 20,000 in seed grants to participants in the Embassy’s Academy for...

25 Kharji terrorists killed, 11 injured in Tirah: ISPR

0
RAWALPINDI, Pakistan: The security forces have killed 25 terrorists of Fitna-Al-Khwarij including Kharji ring leader Abuzar alias Saddam and injured further 11 in Tirah...

Interbank Dollar Rate Today in Pakistan – 27 August 2024

0
Interbank Exchange Rates in Pakistan The Interbank Closing Exchange Rate in Pakistan has been issued by the State Bank of Pakistan (SBP) for August 27,...
Advertisement