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Budgets: Etc


The Capital Development Authority (CDA) on Monday announced Rs 37.69 billion budget for financial year 2015-2016, which is 18 percent less than the current financial year budget 2014-15. A senior official of CDA while quoting the budget document said that CDA will generate Rs 35.07 billion from its own sources, Rs 1944.85 from Public Sector Development Projects (PSDP) and Rs 2.062 billion of federal government grant for the maintenance of President and Prime Minister Houses, Pak Secretariat, Parliament House, Parliament Lodges and other official buildings.

A Punjab University Syndicate meeting chaired by Vice Chancellor Professor Doctor Mujahid Kamran on Saturday approved a Rs 7.049 billion budget for 2015-16. The university expects a grant of Rs 2.200 billion - up to 37 percent of the total budget from the Higher Education Commission.
Administrator Karachi Metropolitan Corporation (KMC) Saqib Ahmed Soomro, while exercising powers of KMC Council on Friday approved Rs 33,682.442 million budget of KMC for financial year 2015-16 without levying any new taxes. This is Rs 166.077 million more than the previous year's annual budget. During the next year expected revenues are estimated at Rs 33,849.992 million and expenditures at Rs 33, 682.442 million with a surplus of Rs 167.550 million, said a statement.
The Finance and Planning Committee has approved University of Agriculture Faisalabad budget proposal of over Rs 5.4 billion for the financial year 2015-16. The meeting, which was chaired by UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan, approved the budget estimates of non-development worth Rs 3.5 billion; development budget worth 1826 million (Rs 923 million from the federal government and Rs 902 million from the Punjab government respectively).


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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln