National PSDP allocation of Rs.1.86 trillion proposed for FY20

By MG News | June 11, 2019 at 05:10 PM GMT+05:00

0:00

June 11, 2019 (MLN):

Funds allocation under Public Sector Development Programme (PSDP) has according to sources, been proposed to be kept at the same amount of Rs.675 billion in the upcoming fiscal year 2019 – 2020.

The final decision on this proposal will be pronounced in today’s budget announcement.

These sources have revealed that in addition to this, supplementary alternate financing of Rs.250 billion has also been proposed which brings the combined allocation for federal government to Rs.925 billion. Last year’s alternate financing was nil.

In contrast, the proposed allocation for provinces amounts to Rs.912 billion alone while last year’s allocation to provinces was Rs.585 billion.

Following this, the total national PSDP allocation proposed for FY20 comes to Rs.1.84 trillion which is a jump of Rs.577 billion from last year.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	125,627.31 258.99M	1.00% 1248.25
ALLSHR	78,584.71 1,142.41M	1.16% 904.89
KSE30	38,153.79 69.25M	0.63% 238.06
KMI30	184,886.50 91.38M	0.01% 13.72
KMIALLSHR	53,763.81 554.57M	0.54% 290.61
BKTi	31,921.68 33.15M	1.78% 557.94
OGTi	27,773.98 9.65M	-0.40% -112.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	107,745.00	107,955.00 107,505.00	-490.00 -0.45%
BRENT CRUDE	66.56	66.63 66.49	-0.18 -0.27%
RICHARDS BAY COAL MONTHLY	97.00	97.00 97.00	1.05 1.09%
ROTTERDAM COAL MONTHLY	107.65	107.65 105.85	1.25 1.17%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	64.91	65.02 64.83	-0.20 -0.31%
SUGAR #11 WORLD	16.19	16.74 16.14	-0.52 -3.11%