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Budgets: Provincial


The budget of Gilgit-Baltistan for the next fiscal year with total outlay of above 31.921 billion rupees was presented on Sunday. Chief Minister of Gilgit-Baltistan Hafiz Hafeezur Rehman presented the budget in the Gilgit-Baltistan Legislative Assembly.

Khyber Pakhtunkhwa Assembly on Tuesday passed a Rs 26.399 billion supplementary budget for financial year 2014-15 amid the boycott of the joint opposition against alleged rigging and mismanagement in recent local bodies polls in the province.
The Balochistan budget for the next financial year with a total outlay of Rs 243 billion rupees was presented in the provincial assembly in Quetta on Wednesday. Opposition political parties boycotted the budget session, terming it ''anti-masses''. Presenting the budget, Adviser to the Chief Minister Balochistan on finance Mir Khalid Khan Langove said the deficit of the budget is estimated at 26 billion rupees.
The provincial government of Khyber Pakhtunkhwa on Monday presented a balance budget of Rs 487.884 billion for financial year 2015-16, which is 21 percent higher than the outgoing fiscal year''s with no new tax but an ambitious annual development programme (ADP) of Rs 174.884 billion. The annual budget presented by Khyber Pakhtunkhwa Minister for Finance, Muzaffar Said, Advocate, in provincial assembly began here with Speaker Asad Qaisar Khan in the chair.
The Khyber Pakhtunkhwa government on Monday announced 10 percent increase in salaries and pension and 25 percent in medical allowances for government employees in the budget for fiscal year 2015-16. According to the budget documents, the 2011 and 2012 adhoc relief allowances has been merged in the basic pay, besides 10 percent increase in salaries and pension and 25 percent in the medical allowance of the government employees.
Sindh Finance Minister, Syed Murad Ali Shah, has said that the provincial government is committed to providing maximum possible facilities to the people aimed at their betterment and welfare. He was addressing post-budget press conference at the Chief Minister House here on Sunday.
Khyber Pakhtunkhwa government will present budget for fiscal year 2015-16 today (Monday). The total outlay of the fiscal budget is proposed Rs 472 billion. A sum of Rs 124 billion has been proposed under Annual Development Programme (ADP) for the next financial period. The Khyber Pakhtunkhwa Minister for Finance, Muzaffar Said Advocate will present budget for financial year 2015-16 during special session of the provincial assembly, which will commence today on around 4:00 pm.


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.998 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklySeptember 21, 2015
Reserves $18.726 bln