Punjab budget 2017-18 at glance: 10% increase in salaries, pensions

BusinessPunjab budget 2017-18 at glance: 10% increase in salaries, pensions

LAHORE, Pakistan: The Punjab government on Friday announced an increase of 10 percent in salaries of government employees with as much increase for pensioners in the budget 2017-18.

In the budget speech, the Finance Minister Ayesha Ghous Pasha during the Punjab Assembly session in Lahore on Friday said that 10 percent increase in salaries and pensions had been proposed.

The increase would more benefit the government employees from PBS-1 to PBS-15.

Rs 190 million allocated for Auqaf, Religious Affairs

In addition, the Punjab government allocated Rs 190 million for Auqaf and Religious Affairs in the budget.

An amount of Rs 178.213 million will be spent on ongoing schemes and Rs 11.787 million has been allocated for a new scheme named Quran Mahal for Shaheed Quranic Papers, at divisional level in the province.

Rs 15.05 billion set aside for commerce & investment

Likewise, the provincial government allocated Rs 15.05 billion for industries, commerce and investment sector which also include an allocation of Rs 2 billion for Chief Minister’ Employment Scheme for fiscal year 2017-18.

Rs 4 billion would be spent on PIEDMC, Rs 3 billion on the SME Credit scheme, and Rs 4.6 billion for skills development sector.

Special focus will remain on the establishment of new industries, E-Portal for business registration, development of Quaid-e-Azam Development Park, imparting skill to 645,000 individuals under the Punjab Skills Development Programme by TEVTA, PVTC, PSDF etc.

Rs 160.501 million allocated for Punjab museums

Under the budget 2017-18, the Punjab government also allocated an amount of Rs 160.50 million for the Punjab museums.

According to the budget documents, Rs 30.508 million has been allocated for Bahawalpur Museum, Rs 125.993 million for Lahore Museum, Rs 4 million for Layllpur Museum, Faisalabad.

Also Rs 88.163 million will be spent on salaries of the employees, whereas remaining amount of Rs 72.338 million has been reserved for non-salary expenditures.

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

Moscow says it won’t allow US to silence UNSC on Israeli violence against Palestinians Monitoring Desk: Russian envoy in United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability and prosperity to the Middle East and Russia would not allow United States to silence UNSC over the issue of Gaza crisis. According to TASS news Agency, Nebenzya said that Moscow will continue to call for an end to violence against Palestinians and will not allow the US to muzzle the UN Security Council as Washington seeks to support Israel's operation in Gaza. "We will continue to stand firmly for ending violence against the Palestinians. Without a shadow of a doubt, we will continue to expose the abuses and sanctimony with which the US is handling the situation. We will not allow the Americans to gag the entire council with their hands in an effort to encourage further continuation of Israel's ruthless operation," he said in a speech at the Security Council.

Moscow won’t allow the US to silence the UNSC on Israeli violence against Palestinians

0
Monitoring Desk: Russian envoy to the United Nations Vasily Nebenzya said that the UN Security Council should bring peace, stability, and prosperity to the...

From Valdai to Margalla Dialogue —- All roads to Civilisations go through Islamabad

0
By Shazia Anwer CheemaThe emergent realities of global security are fundamentally transforming the frame of references and trajectorial approaches toward them. New security architecture...

12 more men in uniform embraced martyrdom for the motherland in Pakistan

0
Monitoring Desk: 12 more men in uniform embraced martyrdom for the motherland in Pakistan, said Inter Service Public Relations (ISPR) of the Pakistan Army.On...
Dr. Attia Anwar

Lifelong learning

0
By Dr. Attia AnwarAs we age, our minds and mental health become more important. We should try to maintain and improve them. Education is...
12th Defense Expo 'Ideas 2024' 'Weapons for Peace' a major step in defense diplomacy

12th Defense Expo ‘Ideas 2024’ ‘Weapons for Peace’ a major step in defense diplomacy

0
By Asghar Ali MubarakIdeas 2024, the global exhibition of defense equipment, will begin today at the Karachi Expo Center on November 19, in which...
Advertisement