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Provincial Zakat Council has given approval to Rs 3415 million for Zakat Budget for the year 2015-16. A sum of Rs 1191.670 million has been allocated under the head of subsistence allowance which will benefit to more than 96,000 deserving persons. It was decided in the meeting of the Council presided over by its Chairman former Justice Akhtar Hassan, here on Wednesday.

The members of the governing body of Punjab Employees Social Security Intuitions (Pessi) have approved the proposed budget of PESSI for the year 2015-16 amounting to more than 10.96 billion rupees while budget estimates of expenditures are fixed to Rs 340.19 million.
The governing body of the Lahore Development Authority (LDA) on Thursday approved annual budget of Rs 45.5132 billion for LDA and its subordinate agencies WASA (Water and Sanitation Agency) and TEPA (Traffic Engineering and Planning Agency) for the fiscal year 2015-16. Total resources of LDA, WASA and TEPA have been estimated as Rs 45.5132 billion out of which Rs 33.4862 billion have been earmarked for development works.
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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