Federal Budget 2019-20: Rs 2,843.094 million allocated for housing sector

ISLAMABAD, Pakistan: The federal government has allocated an amount of Rs 2,843.094 million for 43 ongoing projects of Housing and Work Division for the fiscal year 2019-20 under the Public Sector Development Programme (PSDP).

As per the budgetary document, the financial allocation with major chunk included Rs 300.000 million for dualization and improvement of Mandra Chakwal Road (64 KM).

Federal Budget 2019-20: Rs 2,343.293 million allocated for Industries and Production

Likewise, the government also in its PSDP 2019-20 allocated Rs 2,343.293 million for different development projects of the Ministry of Industries and Production.

In PSDP 2019-20, the government is intended to spent an amount of Rs 971.330 million on national strategic program for acquisition of industrial technology including feasibility (knowledge economy initiatives).

Federal Budget 2019-20: Rs 100 million allocated for Commerce, Rs 202.828 million for Textile

The federal government also allocated Rs 100 million for one new scheme of the Ministry of Commerce and Rs 202. 828 million for Textiles Industry Division in one on- going and two new schemes in PSDP 2019-20 for the promotion of trade and commerce in the Country.

According to the details, the government allocated Rs 100 million for remodeling and expansion of Karachi Expo Centre, Component -1 to develop and promote the local industry and to attract the foreign and local investment in the Country.