Punjab budget 2017-18 at glance: Tax-free Rs 1970.70 billion budget unveiled

BusinessPunjab budget 2017-18 at glance: Tax-free Rs 1970.70 billion budget unveiled

LAHORE, Pakistan: The Punjab Finance Minister Dr Ayesha Ghous Pasha on Friday presented Rs 1970.70 billion budget proposals, the largest in the history of the province, for the fiscal year 2017-18.

While presenting the budget speech at the Punjab Assembly in Lahore with Speaker Rana Muhammad Iqbal Khan in the Chair, Dr Ayesha Ghousa Pasha said that despite all difficulties, a balanced budget has been presented in the House.

The Punjab finance minister said that the province is expecting an income of Rs 1,154 billion from the federal government, and there is an estimate of provincial revenue of Rs 348 billion.

The minister said that the budget for the next fiscal year has the largest development programme amounting to Rs 635 billion, adding that it was unprecedented in the Country’s history among all provinces. She said the development budget is 15 percent more than the current fiscal year.

Dr Ayesha said that 59 percent of total budget has been allocated for education, health, agriculture, law and order and local governments, and Rs 1,017 billion have been allocated for these sectors.

The provincial finance minister proposed 10 percent raise in the salaries of the Punjab government employees and pensions. She said the minimum monthly wages of laborers and industrial workers will now be Rs 15,000.

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