Rs900bn proposed for federal PSDP in next fiscal year

MG News | June 08, 2021 at 02:14 PM GMT+05:00

0:00

June 08, 2021 (MLN): The share of the federal government under the Public Sector Development Programme (PSDP) is expected to be around Rs900 billion for the upcoming fiscal year 2021-2022.

This will be Rs250 billion or 38% higher than the initial FY21 target of Rs650 billion.

Out of this, Rs565 billion or 63% has been proposed for the infrastructure sector, Rs30 billion or 3.3% for the health sector.

The government may also earmark Rs50 billion funds or 5.5% of the federal development budget for the education sector while about 27% or Rs244 billion will be allocated for the transport sector.

Meanwhile, the spending targets for four provinces-Sindh, Punjab, Baluchistan and Khyber Pakhtunkhwa will be around Rs1.235 trillion, taking total development outlay to around Rs2.13 trillion compared to last year’s budgeted outlay of Rs1.324 trillion.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,226.28 361.89M	0.80% 1291.15
ALLSHR	98,265.59 1,028.96M	0.59% 579.30
KSE30	49,228.54 141.13M	1.12% 547.55
KMI30	230,765.91 122.03M	0.54% 1247.87
KMIALLSHR	63,863.21 525.85M	0.60% 382.09
BKTi	43,972.78 23.50M	-0.03% -11.73
OGTi	31,652.19 27.11M	2.27% 703.92

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,305.00	93,290.00 88,600.00	-3620.00 -3.90%
BRENT CRUDE	63.52	64.85 62.86	-1.37 -2.11%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	96.25	96.25 95.90	0.35 0.37%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.24	60.70 58.66	-1.43 -2.36%
SUGAR #11 WORLD	14.66	15.05 14.62	-0.04 -0.27%