Government to recommend Rs1.8 trillion for development budget of fiscal year 2019-2020

Islamabad: The federal government has decided to table a recommendation of Rs1.8 trillion for the annual uplift budget at the meeting of the Annual Plan Coordination Committee (APCC) to lock the development budget for fiscal year 2019-20.

It has been learnt that an allocation of Rs925billion will be made for the Public Sector Development Programme (PSDP) while Rs912 billion would be secured for provincial development under Asian Development Bank (ADB).

Under the PSDP, Rs370 billion would be allocated for the federal ministries and divisions, Rs1.7 billion for defence production, Rs7.57 billion for climate change projects, Rs3.43 billion for housing and construction, Rs1.3 billion for aviation division and Rs12 billion for food security. Further, Rs84 billion would be allocated to the water sector, Rs570 million to Ministry for Information, Rs6.73 billion for information and technology (IT) and telecom sector, Rs3 billion for science and technology, Rs6 billion for Space and Upper Atmosphere Research Commission, Rs157 billion for the construction of highway projects by National Highway Authority. Another, Rs42 billion for National Tourism Department and Pakistan Electric Power Company, Rs2 billion for the projects under Clean and Green Pakistan Programme, Rs1 billion for gas infrastructure development and an allocation Rs22 billion for the development of merged areas is expected.

For news and updates keep on visiting Graana blog