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Punjab to present Rs2,600 billion budget tomorrow

The Punjab government to present a Rs2,600 billion budget for the next financial year 2021-2022 in the Punjab Assembly on (Monday) June 14.

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Punjab to present Rs2,600 billion budget tomorrow
GNN Media: Representational Photo

According to the details, Punjab Finance Minister Hashim Jawan Bakht will present the budget. Meanwhile, Chief Minister Usman Buzdar has summoned a special session of the cabinet ahead of the budget.

Sources privy to the matter said that the special meeting of the Punjab cabinet will approve the budget proposals for the upcoming fiscal year.

The cabinet meeting will also give its nod to the revised budget estimates.

Provincial ministers, advisors, special assistants, chief secretary and concerned secretaries will attend the session.

According to sources, in Rs2,600 billion FY2021-22 budget, no new taxes would be imposed while Rs550 billion has been proposed for development program in the province.

Per sources, in a budget to be announced on Monday, the government has proposed to allocate Rs200 billion for the ongoing development projects in Punjab while it has been recommended to increase the development budget for health and education by one and a half times.

Rs70 billion has been proposed for health cards, Rs40 billion for relief of business affected by COVID, Rs35 billion for roads and Rs80 billion for South Punjab under the annual development program.

Separately for South Punjab development programmes, a budget amounting to Rs196 billion has been earmarked for which a distinct budget book will be laid out and the sum allocated could not be spent elsewhere.

It has been suggested to spend Rs20 billion on agricultural sector development schemes and Rs100 billion would be allocated under the development program for 36 districts.

It has been proposed to earmark Rs7 billion for Insaf School Upgradation Program under which the primary school will be converted into a secondary school in the evening.

Similarly, a huge amount will be allocated for the environment, minorities, endowments and tourism.

Sources said that it is also proposed to keep up to Rs2.5 billion in the Green Infrastructure Fund while Rs400 billion would also be allocated for the procurement of wheat.

Sources said that the Punjab Revenue Authority has proposed to reduce taxes on 9 services.

In the budget of the next financial year, Punjab has proposed to reduce taxes on beauty parlours, fashion designers, stitching services, warehouse services including construction, laundry and rental builders services.

The Punjab Revenue Authority has set a tax target of Rs160 billion for FY2021-22.

The cumulative development budget is likely to be more than Rs600 billion and the non-development budget is likely to be up to Rs1350 billion.

Punjab aims to get more than Rs1,680 billion from the federation while Rs300 billion will come from provincial taxes and Rs73 billion from non-tax revenue.

The Punjab budget also includes a proposal for a 10% increase in employees pays and pensions.

Fateh Farooq is a senior editor at GNN, known for writing top quality content which garner very high readerships and has been covering every field of journalism, including politics, media, sports and scholarly articles. Fateh Farooq is nothing less than a Veteran Editor and has been writing for GNN for the past 7 months.

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Islamabad: Pakistan is presently experiencing the fourth wave of coronavirus which is said to be deadlier and more contagious than previous three COVID waves.

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Pakistan's COVID-19 death toll crosses 27,000 mark

According to National Command and Operations Center (NCOC), around 3,012 cases of coronavirus were reported while 66 people succumbed to the disease in the last 24 hours, taking the total death toll to 27,004.

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As many as 1,112,236 patients have recovered from the disease with 5,039 critical cases.

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Sindh

The number of infections has surged to 447,678 in the province, while the death toll has reached 7,210.

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There are 32,671 confirmed cases while 344 patients have died from the infection so far.

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There are 33,551 coronavirus cases in the AJK while the death toll has reached 727. On the other hand, there are 10,204 cases in GB with 182 coronavirus deaths.

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There are 103,549 cases in the capital city while 893 people have lost their lives.

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‘Covid fourth wave’: Pakistan's coronavirus positivity rate falls to 5.45%

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‘Covid fourth wave’: Pakistan's coronavirus positivity rate falls to 5.45%

As per National Command and Control Center (NCOC), Pakistan conducted a total of 57,792 tests in the last 24 hours.

Around 3,153 cases of coronavirus were reported while 58 people succumbed to the disease in the last 24 hours, taking the total death toll to 26,720.

As per the command centre, total confirmed cases are 1,204,520 whereas 5,370 are under critical care.

Punjab              

The number of patients swelled to 413,182 in the province with 12,211 causalities.

Sindh

The number of infections has surged to 444,464 in the province, while the death toll has reached 7,133.

Khyber Pakhtunkhwa

The confirmed cases have surged to 168,258 in the province with 5,250 casualties.

Balochistan

There are 32,569 confirmed cases while 342 patients have died from the infection so far.

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There are 33,268 coronavirus cases in the AJK while the death toll has reached 718. On the other hand, there are 10,162 cases in GB with 179 coronavirus deaths.

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There are 102,617 cases in the capital city while 887 people have lost their lives.

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COVID-19 kills another 78 as Pakistan continues battle against fourth wave

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As per National Command and Control Center (NCOC), around 2,580 cases of coronavirus were reported while 78 people succumbed to the disease in the last 24 hours, taking the total death toll to 26,865.

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As per the NCOC, total confirmed cases are 1,210,082 whereas 5,304 are under critical care.

Punjab            

The number of patients swelled to 415,654 in the province with 12,259 causalities.

Sindh

The number of infections has surged to 446,045 in the province, while the death toll has reached 7,177.

Khyber Pakhtunkhwa

The confirmed cases have surged to 169,040 in the province with 5,290 casualties.

Balochistan

There are 32,618 confirmed cases while 344 patients have died from the infection so far.

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