Day: March 18, 2024

A public friendly Provincial Budget for fiscal year 2023-24 worth 4480 Billion 700 Million Rupees was tabled during Punjab Assembly session in Lahore this evening.

Punjab Finance Minister Mian Mujtaba Shuja ur Rehman presented the Provincial Budget in the House.

During his budget speech, the Finance Minister said that the estimate for total income has been made as 3331 Billion 700 Million Rupees. He said that Under the NFC Award, Punjab will get 2706 Billion 400 Million Rupees from the Federal Divisible Pool.

He said that estimates of Provincial Revenue has been estimated as 625 Billion 300 Million Rupees, which is 25 percent more than previous fiscal year. Out of them, Punjab Revenue Authority will generate 240 Billion Rupees, Board of Revenue 99 Billion 200 Million Rupees while Excise Department will generate revenue worth 45 Billion 500 Million Rupees.

Punjab Finance Minister said that under the 30 Billion rupees-Ramadan Nigehban Package, special hampers are being delivered at the doorsteps of deservin
g families for the first time in Province history.

He said that 10 Billion rupees have been allocated for Pakistan’s largest Nawaz Sharif IT City in Lahore while four billion rupees for IT Infrastructure Investment Program. He said that the Provincial Database Authority is being set up at a cost of 500 Million rupees.

He said that for the education sector, a total allocation of 595 Billion 80 Million rupees has been reserved which makes 26 percent of total non development provincial budget. He said that the new government is going to launch a five year Health Reforms Program and a grant allocation of 473 Billion 620 Million rupees has been made for the Health sector during this fiscal year.

The Finance Minister said that four Overhauling programs for improvement of Rural Health Centers and Basic Health Units have been launched which will cost forty billion rupees. He said that Nawaz Sharif Institute of Cancer Treatment and Research is being set up in Lahore with an estimated cost of thirty billion rupees.

H
e said that a grand program to construct and repair the eighty roads and highways throughout the province, on which 320 Billion rupees will be spent.

Source: Radio Pakistan

Punjab Chief Minister Maryam Nawaz Sharif has approved the decision in principle to start the metro bus project in three cities of Punjab.

She gave this approval while chairing a meeting with Quaid Muslim League-Nawaz Muhammad Nawaz Sharif, in Lahore today.

The meeting reviewed the transport sector projects in Lahore. The Chief Minister also sought the plan for an underground train project in Lahore.

On this occasion, Quaid Muslim League Nawaz Muhammad Nawaz Sharif directed to increase the number of bikes for students. He said that the monthly instalment of the bike should be kept to a minimum for the students.

The meeting was briefed about a project involving 20,000 electric and petrol bikes and a 657-bus service project in five cities.

The meeting was informed that the delivery of bikes will start in the same month after the draw in May.

Source: Radio Pakistan

Prime Minister Shehbaz Sharif has congratulated Russian President Vladimir Putin on his re-election.

In a statement on social media platform X, he expressed the desire to working with Vladimir Putin to further strengthen Pakistan-Russia relations.

Source: Radio Pakistan

The Permanent Mission of Pakistan to the United Nations will host a panel discussion in New York today.

The theme of the discussion is “Women under foreign occupation”.

The event will be attended by the members of the UN-based diplomatic community, women rights organizations, academia, and the rights activists.

The panel discussion will provide an opportunity to highlight the hardships and sufferings of women.

Source: Radio Pakistan

Special Investment Facilitation Council (SIFC) has signed an agreement with Najd Gateway Holding Company of Saudi Arabia in the livestock sector.

The agreement includes cultivation of 5,000 acres of alfalfa cattle fodder, which is later exported.

This fodder is a major source of protein for livestock, and is also a staple diet for dairy cattle, beef, horses, sheep, goats and other domestic animals.

Pakistani soil has great potential for breeding high-quality livestock products with high nutritional and protein content.

This crop is cultivated in many countries of the world and is considered as a fodder crop of great importance.

Source: Radio Pakistan