ISLAMABAD: Asad Umar, Minister for Planning and Development on Tuesday informed that National Economic Council (NEC) has approved the development outlay worth Rs2.1tr for FY2021-2022.
The federal minister was of the view that the approved development outlay marks an increase of 36.4pc as compared to the development budget of Rs1.527tr of the current fiscal year.
The minister further highlighted that out of the total development budget Rs900bn has been set aside for Public Sector Development Programme (PSDP) while Rs1.202tr has been suggested for provinces.
Highlighting the budgetary allocations, the minister told that the government has earmarked Rs244bn for laying road infrastructure of 3261km in the country.
The minister was also of the view that government will build large dams as per its commitment under National Water Policy.
For news and blogs, visit Graana.com
Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…
Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…
Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…
Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…
Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…
Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…