The major part of the budget which is Rs350 billion will be allocated for ongoing development projects in Punjab.


Lahore: The caretaker Punjab Cabinet Monday approved the budget of Rs2072 billion for next fiscal quarter, GNN reported.
According to sources, the major part of the budget which is Rs350 billion will be allocated for ongoing development projects in Punjab.
The sources told that the focus of development budget will be the construction of infrastructure. It was reported that Rs1650 billion will be allocated for non-development expenses.
The non-allocated 40,000 posts from Grade1-4 will not be operational anymore. It is important to note that Punjab government had commitment with International Monetary Fund (IMF) on the behalf of federal government that they will save Rs336 billion annually for which Rs112 billion will be saved by removing these posts.
According to article 126 of constitution, the caretaker provincial government can only pass the budget on quarterly basis. The previous budget tenure is ending on October 31 and the summary of new quarter will be sent to governor of Punjab for approval.

JI chief offers help for Afghanistan talks, slams govt’s approach to national security
- 13 hours ago

Mustafa Amir murder case: Father and son clash in court during case hearing
- 12 hours ago

Nagpur riots: Hindu extremist group demands destruction of Aurangzeb's tomb
- 13 hours ago
Gold prices hit historic highs amid global economic concerns
- 13 hours ago

Sindh announces holiday for educational institutions on March 22
- 10 hours ago
Somali militants attack presidential convoy, president escapes unhurt
- 7 hours ago

Flatiron Books says it will keep publishing book from ex-Meta employee
- 41 minutes ago
Virtual learning introduced at Balochistan universities amid growing security risks
- 8 hours ago
Army Chief stresses need for national unity in fight against terrorism
- 7 hours ago

Pakistan vows full force against terrorism in recent security meeting
- 10 hours ago

Ruet-e-Hilal Committee to meet on March 30 for Shawwal moon sighting
- 10 hours ago

Dollar surges as forex markets struggle amid IMF delays, economic pressures
- 11 hours ago