Islamabad: In regards to the federal budget 2019-2020 approved on Tuesday, the budget outlay for development as the Public Sector Development Programme (PSDP) comprises of Rs675 billion, with an additional Rs127 billion of foreign investment and Rs912 billion as the provincial annual development plans (ADPs), including Rs110bn in foreign assistance.

invest with imarat

Islamabad’s emerging city centre

Learn More

The development programmes will shift their focus more towards agriculture, dams, economy and skill development. The highest priority has been rendered to transport and communications sector with an allocation of Rs200bn that includes Rs160bn for national highways, Rs16bn for railways and Rs24bn for other projects including aviation schemes. Nearly Rs70 billion have gone to the water sector. The energy sector has been allocated a total of Rs80 billion from the budget with an additional Rs40 billion to be invsted by the NTDC/ Wapda/ Gencos.

A total of RsRs39 billion has been allocated for development in Azad Jammu and Kashmir and Gilgit-Baltistan while Rs46 billion have been proposed for merged districts of Khyber-Pakhtunkhwa. This includes Rs22 billion for merged areas under the decade long development plan. An amount of Rs45.5 billion has gone to Karachi for its nine development projects at the port city. Rs 10.4 billion have also been earmarked for Quetta. Gwadar has won Rs4 billion for the construction of airport, railway corridor, desalination plant and fish landing jetty. Rs555 million have been given to the New Gwadar International Airport from which Rs200 million is foreign aid. Budget allocation for development spending on China Pakistan Economic Corridor (CPEC) projects has also been cut down by almost 44 percent. A total of Rs110 billion have been allocated for CPEC this year against Rs198 billion in the Public Sector Development Program (PSDP) for the outgoing 2018-19.

The development outlay for 2019-2020 has however been cut down against Rs2043 billion in the last fiscal year and so has the foreign aid as compared to Rs339bn of the fiscal year 2018-19. The federal PSDP and provincial ADPs also showed a declining trend.

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

Rent Over Ownership: Melbourne Leads a New Housing Trend

MELBOURNE — A new analysis by Deluxe Holiday Homes has highlighted significant shifts in Melbourne's…

5 hours ago

Fire Engulfs Ski Resort Hotel in Türkiye, Leaving 10 Dead and 32 Injured

ANKARA — A devastating fire at the Kartalkaya ski resort in northern Türkiye claimed the…

1 day ago

Vietnam’s Real Estate Market Braces for Growth in 2025

As Vietnam heads into 2025, the real estate market presents a dynamic mix of challenges…

1 day ago

Dubai’s Secondary Housing Market Set for Strong Growth in 2025

Dubai’s secondary housing market is predicted to see robust growth in 2025, with demand for…

1 day ago

California’s Wildfires Spark an Unforeseen Housing Crunch in Los Angeles

As Los Angeles County grapples with the aftermath of some of the most destructive fires…

1 day ago

CDA Launches New Plant Relocation Initiative

On Friday, Azam Nazeer Tarar, the Minister for Law and Justice, informed the Senate that…

2 days ago