Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
AJK Govt. Presents 2018-19 Budget Rs 108.2 Billion For Next Fiscal Year
05-23-2018, 03:15 PM
Post: #1
AJK Govt. Presents 2018-19 Budget Rs 108.2 Billion For Next Fiscal Year

Muzaffarabad: The Azad Jammu and Kashmir Finance Minister Dr Najeeb Naqi has presented the budget for fiscal year 2018-19 with a volume of PKR 108.2 billion.

PKR 25.2 billion has been allocated for development, against PKR 23.27 billion the previous year. The government has also proposed an increase in non-development expenditures, including higher salaries and pensions.

The finance minister announced 10% increase in basic salaries and pensions. PKR 53.37 billion will be provided by the federal government for development projects in the region.

In his budget speech, the finance minister said that PKR 10. 38 billion have been allocated for roads and communication, while PKR 1.9 billion has been allocated to provide electricity to the 90,000 people of Azad Jammu and Kashmir (AJK).

The Power Development Organisation (PDO) will get PKR 2.43 billion, Physical Planning and Housing will receive PKR 2.22 billion, while Rehabilitation Department will have PKR 100 million.

Furthermore, PRK 280 million will be spent on ongoing projects by Ministry of Commerce, PKR 150 million allocated for AJK TEVTA, PKR 20 million has been allocated for transport, and PKR 200 million for projects to be implemented by the Youth and Culture Ministry.

Other spending includes PKR 500 million for agriculture, PKR 550 million for forests, wildlife and fisheries, and PKR 60 million for Environment Protection Agency. The government has also proposed to allocate PKR 250 million for tourism, PKR 40 million for the Press Information Department, PKR 100 million for Social Welfare and Women Development Department, and PKR 230.5 million for the Information Technology Board, with a total of PKR 1.95 billion for education.

Reference Link:

https://www.zameen.com/news/ajk-budget-w...ented.html

Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Punjab govt to revise property rates in the upcoming budget LRE-Azan 0 1,845 04-23-2021 02:27 PM
Last Post: LRE-Azan
  Government has Released over Rs 220.2 Billion under its PSDP 2017-2018 LRE-Azan 0 2,163 11-14-2017 01:27 PM
Last Post: LRE-Azan
  Lahore Real Estate humbly presents Lake City Block Wise Rates Update 18 Sept,2017 Salman 0 1,910 09-18-2017 02:33 PM
Last Post: Salman
  Lahore Real Estate presents Phase-Wise (minimum/maximum) rates Salman 0 2,088 03-21-2017 02:31 PM
Last Post: Salman
  Rs.185 billion allocated for highways projects in next budget: Dar Salman 0 2,517 06-10-2015 04:39 PM
Last Post: Salman
  CDA TO ACHIEVE TARGET OF RS 600M REVENUE BY END OF CURRENT FISCAL Salman 0 2,300 02-03-2015 05:32 PM
Last Post: Salman
  Govt releases Rs 99.821 billion for development projects Salman 0 2,669 11-10-2014 01:57 PM
Last Post: Salman
  CDA to develop five sectors during current fiscal year Salman 0 2,490 10-24-2014 01:37 PM
Last Post: Salman
  Metro bus projects in Faisalabad, Multan during next fiscal: CM Salman 0 3,226 06-05-2014 01:13 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)