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The Sindh government on Monday unveiled Rs 617.213 billion budget for the fiscal year 2013-14, estimating a deficit of Rs 21.63 billion. Sindh Chief Minister Syed Qaim Ali Shah presented maiden budget of his government's second term in the office during the Sindh Assembly session, which Speaker Aga Siraj Khan Durrani chaired. The MQM legislators remained absent from the session.

The Sindh government has planned to establish Modaraba, Leasing and Insurance companies and Rs 200 million has been allocated in the budget 2013-2014 for the purpose. "Insurance coverage in our country is very low, therefore realising this gap, we intend to establish an insurance company which will provide much needed financial cover to middle and low income groups at competitive rates," said Chief Minister Sindh Syed Qaim Ali Shah.
The Sindh government carries its former power projects in the provincial budget 2013-14, proposing Rs 12 billion to develop infrastructure to spur the Thar energy project. The government had allocated Rs 10.1 billion for Thar coal infrastructure building during financial year 2012-13. The Sindh government plans to continue its infrastructure development projects, including roads, water supply, wastewater disposal, Thar airport and reverse osmosis plants for the Thar region at a total cost of Rs 32 billion.
The Punjab government on Monday presented a deficit budget with a total outlay of Rs 897.5 billion for fiscal year 2013-14 allocating Rs 240 billion for Annual Development Programme (ADP). The budget session was chaired by Speaker Rana Muhammad Iqbal and presented by Finance Minister Mujtaba Shuja-ur-Rehman.
The Punjab government has allocated Rs 290 billion for its Annual Development Programme (ADP) 2013-14, which is 100 billion higher than last year's allocation. The salient features and new initiatives included in the ADP 2013-14 are:
Pakistan Tehrik-e-Insaf (PTI)-led government in Khyber Pakhtunkhwa Monday unveiled a welfare-oriented balanced and tax-free budget of Rs 344 billion for financial year 2013-14. It has allocated Rs 66.6 billion to education. Out of the total outlay, Rs 163 billion have been sanctioned for welfare-oriented schemes while another Rs 118 billion reserved for Annual Development Programme (ADP). The remaining 18 percent of Rs 63 billion would be spent on administration.
Pakistan Tehrik-e-Insaf-led coalition government in Khyber Pakhtunkhwa has announced 15 percent raise in salaries of provincial government employees, putting additional burden on the provincial exchequer of Rs 12 billion. The announcement was made by KP Senior Minister Sirajul Haq while presenting budget for 2013-14 at the assembly floor here on Monday. The decision would be benefited more than 400,000 government employees in the province, which would be effective from July 1.
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Banking Review 2012

Annual2011/12
Foreign Debt $65.562bn
Per Cap Income $1,372
GDP Growth 3.7%
Average CPI 10.08%
MonthlyMay
Trade Balance $-2.171 bln
Exports $2.175 bln
Imports $4.346 bln
WeeklyJune 17, 2013
Reserves $11.446 bln