Khyber Pakhtunkhwa Updates
- Thread starter ghazi52
- Start date
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,792
- Reaction score
- 106
- Country
- Location
Coca Cola Pakistan announces $50m investment for K-P plant
BR Web Desk
16 Jun 2021
Coca Cola İçecek (CCI) Pakistan has announced that it will invest $50 million as it sets up its seventh production plant in the country in Haripur District, Khyber-Pakhtunkhwa (K-P).
A delegation of CCI Pakistan, including general manager Ahmet Kursad Ertin, met Prime Minister Imran Khan, and announced the investment for the greenfield project the company plans to set up in Haripur, K-P, some 60 kilometres away from the federal capital Islamabad.
“This will be CCI’s 7th production facility in the country,” a statement issued on Wednesday by the company said. “Construction of this new state-of-the art plant site is scheduled for completion by the first quarter of 2022. It will mainly cater to the beverage needs of northern Pakistan.
“The proposed project will not only bring investment but also create direct and indirect employment opportunities as well as revenue generation for the government.”
During the meeting, Ertin pitched the company as a “leading member of the Pakistan-Turkey Business Council and one of the largest private Turkish investors in Pakistan”.
A report on the socio-economic impact of CCI’s business was also presented to the prime minister.
In a tweet in April, the Pakistan Tehreek-e-Insaf (PTI) government announced that K-P is open for business and investment and that Coca-Cola would establish a bottling plant in Haripur. However, the size of the investment was not disclosed at the time.
- Will set up its seventh plant in country in Haripur District
BR Web Desk
16 Jun 2021
Coca Cola İçecek (CCI) Pakistan has announced that it will invest $50 million as it sets up its seventh production plant in the country in Haripur District, Khyber-Pakhtunkhwa (K-P).
A delegation of CCI Pakistan, including general manager Ahmet Kursad Ertin, met Prime Minister Imran Khan, and announced the investment for the greenfield project the company plans to set up in Haripur, K-P, some 60 kilometres away from the federal capital Islamabad.
“This will be CCI’s 7th production facility in the country,” a statement issued on Wednesday by the company said. “Construction of this new state-of-the art plant site is scheduled for completion by the first quarter of 2022. It will mainly cater to the beverage needs of northern Pakistan.
“The proposed project will not only bring investment but also create direct and indirect employment opportunities as well as revenue generation for the government.”
During the meeting, Ertin pitched the company as a “leading member of the Pakistan-Turkey Business Council and one of the largest private Turkish investors in Pakistan”.
A report on the socio-economic impact of CCI’s business was also presented to the prime minister.
In a tweet in April, the Pakistan Tehreek-e-Insaf (PTI) government announced that K-P is open for business and investment and that Coca-Cola would establish a bottling plant in Haripur. However, the size of the investment was not disclosed at the time.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,792
- Reaction score
- 106
- Country
- Location
The Pakistan Software Export Board (PSEB), Khyber Pakhtunkhwa Information Technology Board, and the University of Science and Technology, Bannu, on Wednesday, signed a Memorandum of Understanding (MoU) for setting up the first ever software technology park in Bannu, Khyber Pakhtunkhwa.
Haque said that Pakistan’s IT industry has achieved significant expansion and exports growth. The present government is focusing on the development of the IT industry in the secondary and tertiary cities of Pakistan to generate holistic economic growth beyond Pakistan’s major tech hubs, he said.
He emphasized upon the need for close liaison between the IT industry and the public sector entities for ensuring holistic growth of Pakistan’s IT sector.
Haque said that Pakistan’s IT industry has achieved significant expansion and exports growth. The present government is focusing on the development of the IT industry in the secondary and tertiary cities of Pakistan to generate holistic economic growth beyond Pakistan’s major tech hubs, he said.
He emphasized upon the need for close liaison between the IT industry and the public sector entities for ensuring holistic growth of Pakistan’s IT sector.
Aryeih Leib
BANNED
- Joined
- Mar 13, 2019
- Messages
- 593
- Reaction score
- -4
- Country
- Location
You get coca cola frm Turkey ?
DESERT FIGHTER
ELITE MEMBER
- Joined
- Jan 1, 2010
- Messages
- 46,973
- Reaction score
- 95
- Country
- Location
Lmao this is about investment not importing coke.
| City | Manufacturing Plant | Sales Office |
|---|---|---|
Lahore | 23-KM, Raiwind Road, Lahore | 8th Floor City Towers, Gulberg. |
Gujranwala | Khyali Bypass Road, Gujranwala | Khyali Bypass Road, Gujranwala |
Faisalabad | 6-KM, Samundri Road, Faisalabad | 4th floor, Sitara Mall D-Chowk, Faisalabad |
Multan | Plot 141-148 & 163-170, Industrial Estate Phase 2, Multan | Plot 141-148 & 163-170, Industrial Estate Phase 2, Multan |
Rahim Yar Khan | Shahbaz Pur Road. Rahim Yar Khan | Shahbaz Pur Road. Rahim Yar Khan |
Karachi | Plant D-51, Estate Avenue S.I.T.E | OfficePlot A-46, S.I.T.E Avenue, Near Ghani Chorangi, Karachi |
Islamabad | | Plot # 29-B, Kahuta Road, Humak Industrial Area, Islamabad |
Peshawar | | Nasir Pur Phatak, Near Jhagra Stop, G.T. Road, Peshawar |
Hyderabad | | Badian Phatak, Al Mustafa Royal Mill, Hyderabad |
Sialkot | | Allama Iqbal Road, Sialkot Cantt, Sialkot |
Sahiwal | | Plot # 31, Gulshan-e-Noor Housing Society, Pakpattan Road, Sahiwal |
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,792
- Reaction score
- 106
- Country
- Location
Rs1.118 Trn KP budget
Amjad Ali Shah
19 Jun 2021
PESHAWAR: Khyber Pakhtunkhwa government Friday unveiled a tax -free and relief oriented budget for financial year 2021-22, with a total outlay of Rs 1.118 trillion, setting aside a record amount of Rs 371 billion for the next Annual Development Programme. Presenting the KP government third budget for next fiscal year on the floor of the provincial assembly, Khyber Pakhtunkhwa Minister for Finance, Taimoor Saleem Khan Jhagra said no new tax has been imposed in the provincial budget and relief would be provided to masses.
The Minister said that the budget expenditures for the next financial year is estimated at Rs 1.118 trillion. He said Rs 199 billion has been allocated for the integrated tribal districts, Rs 371 billion for annual development program and Rs 100 billion for tribal districts for annual development program.
The special budget session was chaired by provincial assembly speaker Mushtaq Ahmad Ghani, which was also attended by Khyber Pakhtunkhwa Chief Minister Mahmood Khan. The minister said pension expenditure has increased by 100% in the last few years. He elaborated that the pension expenditure was only 1% of the budget in 2004-05, now it is 13.8%.
The system is being reformed to reduce pension expenditure, the Minister of Finance Taimur Saleem Jhagra added.
The minimum retirement age in the province is 55 years and the service limit is 25 years, he informed. He said such an initiative will save Rs. 12 billion annually. He said, changing the pension rules and reducing the number of pension beneficiaries will save Rs 1 billion annually while the pensions of deceased employees will be given to their widows, parents or children.
He said, widows' pension is being increased by 100% instead of 75% and the provincial government is making reforms for contributory pensions.
The minimum monthly wage of laborers in the province has been raised to Rs 21,000, he said in his speech. Out of total Rs371 billion ADP 2021-22, KP government earmarked Rs270.7 billion for settled districts and Rs100.3 billion for merged tribal districts. Likewise, Rs648.3 billion earmarked for settled districts and Rs 99 billion for merged districts in total allocation of Rs747.3 billion for current budget expenditure.
Jhagra said the present budget was based on five main pillars including a record increase in salaries of government employees, development budget, devoted services to people, increasing KP’s own resource revenue and introduction of goal oriented reforms and innovation in the overall governance system. He said two innovative approaches ‘development plus budget’ and ‘service delivery budget’ were being introduced under which Rs500 billion would be spent on former focusing on mega projects such as Sehat Plus Cards, provision of furniture to Govt schools and increase in medicines budget to public sector hospitals while Rs424 billion out of Rs747 billion would be spent on the latter with priorities to payment of salaries of doctors, nurses, and teachers besides provision of medicines to hospitals and fuels to Rescue1122 ambulances.
About generation of income and revenue during 2021-22, the minister said Rs 1018 billion revenue and income target was set for FY 2021-22 that would be achieved from different financial resources, duties and taxes. He said Rs475.6 billion would be collected through federal taxes, Rs57.2 billion through federal divisible pool of 1pc share under terrorism affected province, Rs26.5 billion under Gas and Oil royalty and surcharge (direct transfer), Rs74.7 billion under hydel new profit (according to MoU 2015-16) and arrears.
A sum of Rs 75billion for provincial tax and non-tax revenue, Rs85.8 billion through foreign development assistance (for settled areas) and Rs3.3 billion foreign development assistance (for merged areas), Rs187.7billion under special assistance grant for the merged areas and Rs132.5billion from other revenue resources.
About details of expenditure budget during FY2020-21, the minister said a total of Rs374 billion would be spent on salaries including Rs60billion in merged areas and Rs314 billion in settled districts. Similarly Rs92.1 billion would be utilized for payment of pension including Rs0.1billion for merged areas and Rs92billion for settled districts. Besides salaries, Rs203.9billion would be spent for operation and maintenance expenditures, emergencies and district expenses including Rs38.9billion for merged areas and Rs164.9 billion while Rs74.4billion for other current expenditures.
A total of Rs 244.6billion proposed for expenditures under Provincial Development Program including Integrated Implementation Program (AIP) for merged areas, he said, adding Rs 17.4billion earmarked for Annual Development Program including Rs 2.4billion for merged areas and Rs 85.8billion for settled districts while a record Rs 19.9billion to be obtained from Federal government PSDP.
The salaries of all government employees except those who didn’t get special allowances are being increased by 37 percent, including 20 percent increase in Functional or Sectoral Allowance, 10 percent increase in Ad hoc Relief Allowance, 7 percent in house rent for those employees who don’t benefited from government’s accommodation scheme.
Jhagra said 100% increase in pension expenditure has been witnessed in the last couple of years and the share of pensions, which was only 1% in 2003-04 had jumped to record 13.8 percent of total budget in 2021-22.
To overcome pension expenses, he said two proposals including an increase in upper age limit of Govt employees i.e. 55 years for early retirement up or completion of 25years service were under consideration that would save Rs 12 billion per year.
The Khyber Pakhtunkhwa government has earmarked a record Rs371billion under the Annual Development Program for financial year 2021-22, which is 10.4% higher than last year’s development budget of Rs. 318 billion. The government has increased Science and Technology budget by 137 percent, allocating Rs2.5 billion with major projects including establishment of citizens facilitation centers, early age childhoods program, and construction of model science laboratories and schools.
Similarly, Rs48.2billion would be spent on construction of 3,000km roads including Peshawar-DI Khan motorway, Swat Motorway Phase II, Haripur Bypass and Peshawar-Torkham Motorway during FY2021-22. A record Rs13.2billion allocated for the agriculture sector with major projects includes promotion of olive cultivation, establishment of trout fish villages in Malakand and Hazara divisions and Rs800 million for Prime Minister’s Industrial Emergency Program.
The government decided to revive Torkham Safari Train Service to promote tourism in Khyber Pakhtunkhwa.
Rupees 1 billion earmarked for development and welfare of women with major projects include revival of women commission with allocation of Rs100million budget, establishment of Cadet College for girls in Mardan, allocation of 5% quota for women in SIDP ‘Akhowat’ Program and provision of interest-free loan to all register women entrepreneurs. Rupees 100 million grants are proposed for senior citizens enabling them to get treatment in hospitals’ special counters and wards. The minister said the government believed in uniform development of all districts and announced to establish Pak-Austria Educational Institute in Haripur, Hattar Industrial Zone, Pakistan Digital City in Haripur, 870MW Seki-Kinari Hydropower Project, 300MW Balakot HPP in Hazara Division while in merged areas, Mohmand Marble City, and Kurram-Tangi and Bara Dams would be constructed.
In Southern districts of Khyber Pakhtunkhwa, Peshawar-DI Khan Motorway, new buildings for Bannu Medical College, Chashma Right Left Canal, Bannu Economic Zone, Daraband Economic Zone in DI Khan and University of Lakki Marwat would be established.
Swat-Motorway Phase-II, Peshawar-DI Khan Motorway, Small Industry Estate, establishment and setting up of a Special Technical Zone would be achieved through public and private partnership through collaboration of government and private sector.
The development budget of Culture and Tourism Department has been increased to Rs12billion against Rs2billion in last fiscal year under which Integrated Tourism Zones, Hund Water Park on 400Kanal land, establishment of Rs3.8billion innovation fund, first motor sports arena of Pakistan and construction of Arbab Niaz Stadium in Peshawar and Kalam Cricket Stadium would be completed.
KP government has allocated Rs1billion for local bodies elections, Rs2.8billion for extension in Rescue1122 service in Tehsil level besides Rs 60million earmarked for purchase of 50 vehicles and other equipment for 25 TMAs of merged areas.
A big amount set aside for Water and Sanitation Services Program, construction of new general bus stands on 345 Kanal in Peshawar, completion of Peshawar Northern Bypass, establishment of 2900 tube-wells to provide clean drinking water to 8.4million people, construction of lawns and roadside green belts in 25 cities and pavement of streets on 480,000 square feet under civil development portfolio would be achieved.
The Minister said 111 percent increase in the allocated amount for provision of medicine in hospitals of settled districts were registered besides establishment of four hospitals under Public Partnership with allocation of Rs40billion. Likewise, Rs10.5billion allocated for investment to improve services in category-C hospitals in KP while Rs25billion for Medical Teaching Institutions and Rs7billion for medical colleges, having a total investment of Rs42billion allocated.
He said Rs1billion would be spent on strengthening, rehabilitation and provision of round the clock services to patients at Rural Health Centers in KP and Rs1.2million for up-gradation of basic structure, Rs1.5million for increase in provision of medicines and Rs2.6million for better health services in the province.
Copyright Business Recorder, 2021
Amjad Ali Shah
19 Jun 2021
PESHAWAR: Khyber Pakhtunkhwa government Friday unveiled a tax -free and relief oriented budget for financial year 2021-22, with a total outlay of Rs 1.118 trillion, setting aside a record amount of Rs 371 billion for the next Annual Development Programme. Presenting the KP government third budget for next fiscal year on the floor of the provincial assembly, Khyber Pakhtunkhwa Minister for Finance, Taimoor Saleem Khan Jhagra said no new tax has been imposed in the provincial budget and relief would be provided to masses.
The Minister said that the budget expenditures for the next financial year is estimated at Rs 1.118 trillion. He said Rs 199 billion has been allocated for the integrated tribal districts, Rs 371 billion for annual development program and Rs 100 billion for tribal districts for annual development program.
The special budget session was chaired by provincial assembly speaker Mushtaq Ahmad Ghani, which was also attended by Khyber Pakhtunkhwa Chief Minister Mahmood Khan. The minister said pension expenditure has increased by 100% in the last few years. He elaborated that the pension expenditure was only 1% of the budget in 2004-05, now it is 13.8%.
The system is being reformed to reduce pension expenditure, the Minister of Finance Taimur Saleem Jhagra added.
The minimum retirement age in the province is 55 years and the service limit is 25 years, he informed. He said such an initiative will save Rs. 12 billion annually. He said, changing the pension rules and reducing the number of pension beneficiaries will save Rs 1 billion annually while the pensions of deceased employees will be given to their widows, parents or children.
He said, widows' pension is being increased by 100% instead of 75% and the provincial government is making reforms for contributory pensions.
The minimum monthly wage of laborers in the province has been raised to Rs 21,000, he said in his speech. Out of total Rs371 billion ADP 2021-22, KP government earmarked Rs270.7 billion for settled districts and Rs100.3 billion for merged tribal districts. Likewise, Rs648.3 billion earmarked for settled districts and Rs 99 billion for merged districts in total allocation of Rs747.3 billion for current budget expenditure.
Jhagra said the present budget was based on five main pillars including a record increase in salaries of government employees, development budget, devoted services to people, increasing KP’s own resource revenue and introduction of goal oriented reforms and innovation in the overall governance system. He said two innovative approaches ‘development plus budget’ and ‘service delivery budget’ were being introduced under which Rs500 billion would be spent on former focusing on mega projects such as Sehat Plus Cards, provision of furniture to Govt schools and increase in medicines budget to public sector hospitals while Rs424 billion out of Rs747 billion would be spent on the latter with priorities to payment of salaries of doctors, nurses, and teachers besides provision of medicines to hospitals and fuels to Rescue1122 ambulances.
About generation of income and revenue during 2021-22, the minister said Rs 1018 billion revenue and income target was set for FY 2021-22 that would be achieved from different financial resources, duties and taxes. He said Rs475.6 billion would be collected through federal taxes, Rs57.2 billion through federal divisible pool of 1pc share under terrorism affected province, Rs26.5 billion under Gas and Oil royalty and surcharge (direct transfer), Rs74.7 billion under hydel new profit (according to MoU 2015-16) and arrears.
A sum of Rs 75billion for provincial tax and non-tax revenue, Rs85.8 billion through foreign development assistance (for settled areas) and Rs3.3 billion foreign development assistance (for merged areas), Rs187.7billion under special assistance grant for the merged areas and Rs132.5billion from other revenue resources.
About details of expenditure budget during FY2020-21, the minister said a total of Rs374 billion would be spent on salaries including Rs60billion in merged areas and Rs314 billion in settled districts. Similarly Rs92.1 billion would be utilized for payment of pension including Rs0.1billion for merged areas and Rs92billion for settled districts. Besides salaries, Rs203.9billion would be spent for operation and maintenance expenditures, emergencies and district expenses including Rs38.9billion for merged areas and Rs164.9 billion while Rs74.4billion for other current expenditures.
A total of Rs 244.6billion proposed for expenditures under Provincial Development Program including Integrated Implementation Program (AIP) for merged areas, he said, adding Rs 17.4billion earmarked for Annual Development Program including Rs 2.4billion for merged areas and Rs 85.8billion for settled districts while a record Rs 19.9billion to be obtained from Federal government PSDP.
The salaries of all government employees except those who didn’t get special allowances are being increased by 37 percent, including 20 percent increase in Functional or Sectoral Allowance, 10 percent increase in Ad hoc Relief Allowance, 7 percent in house rent for those employees who don’t benefited from government’s accommodation scheme.
Jhagra said 100% increase in pension expenditure has been witnessed in the last couple of years and the share of pensions, which was only 1% in 2003-04 had jumped to record 13.8 percent of total budget in 2021-22.
To overcome pension expenses, he said two proposals including an increase in upper age limit of Govt employees i.e. 55 years for early retirement up or completion of 25years service were under consideration that would save Rs 12 billion per year.
The Khyber Pakhtunkhwa government has earmarked a record Rs371billion under the Annual Development Program for financial year 2021-22, which is 10.4% higher than last year’s development budget of Rs. 318 billion. The government has increased Science and Technology budget by 137 percent, allocating Rs2.5 billion with major projects including establishment of citizens facilitation centers, early age childhoods program, and construction of model science laboratories and schools.
Similarly, Rs48.2billion would be spent on construction of 3,000km roads including Peshawar-DI Khan motorway, Swat Motorway Phase II, Haripur Bypass and Peshawar-Torkham Motorway during FY2021-22. A record Rs13.2billion allocated for the agriculture sector with major projects includes promotion of olive cultivation, establishment of trout fish villages in Malakand and Hazara divisions and Rs800 million for Prime Minister’s Industrial Emergency Program.
The government decided to revive Torkham Safari Train Service to promote tourism in Khyber Pakhtunkhwa.
Rupees 1 billion earmarked for development and welfare of women with major projects include revival of women commission with allocation of Rs100million budget, establishment of Cadet College for girls in Mardan, allocation of 5% quota for women in SIDP ‘Akhowat’ Program and provision of interest-free loan to all register women entrepreneurs. Rupees 100 million grants are proposed for senior citizens enabling them to get treatment in hospitals’ special counters and wards. The minister said the government believed in uniform development of all districts and announced to establish Pak-Austria Educational Institute in Haripur, Hattar Industrial Zone, Pakistan Digital City in Haripur, 870MW Seki-Kinari Hydropower Project, 300MW Balakot HPP in Hazara Division while in merged areas, Mohmand Marble City, and Kurram-Tangi and Bara Dams would be constructed.
In Southern districts of Khyber Pakhtunkhwa, Peshawar-DI Khan Motorway, new buildings for Bannu Medical College, Chashma Right Left Canal, Bannu Economic Zone, Daraband Economic Zone in DI Khan and University of Lakki Marwat would be established.
Swat-Motorway Phase-II, Peshawar-DI Khan Motorway, Small Industry Estate, establishment and setting up of a Special Technical Zone would be achieved through public and private partnership through collaboration of government and private sector.
The development budget of Culture and Tourism Department has been increased to Rs12billion against Rs2billion in last fiscal year under which Integrated Tourism Zones, Hund Water Park on 400Kanal land, establishment of Rs3.8billion innovation fund, first motor sports arena of Pakistan and construction of Arbab Niaz Stadium in Peshawar and Kalam Cricket Stadium would be completed.
KP government has allocated Rs1billion for local bodies elections, Rs2.8billion for extension in Rescue1122 service in Tehsil level besides Rs 60million earmarked for purchase of 50 vehicles and other equipment for 25 TMAs of merged areas.
A big amount set aside for Water and Sanitation Services Program, construction of new general bus stands on 345 Kanal in Peshawar, completion of Peshawar Northern Bypass, establishment of 2900 tube-wells to provide clean drinking water to 8.4million people, construction of lawns and roadside green belts in 25 cities and pavement of streets on 480,000 square feet under civil development portfolio would be achieved.
The Minister said 111 percent increase in the allocated amount for provision of medicine in hospitals of settled districts were registered besides establishment of four hospitals under Public Partnership with allocation of Rs40billion. Likewise, Rs10.5billion allocated for investment to improve services in category-C hospitals in KP while Rs25billion for Medical Teaching Institutions and Rs7billion for medical colleges, having a total investment of Rs42billion allocated.
He said Rs1billion would be spent on strengthening, rehabilitation and provision of round the clock services to patients at Rural Health Centers in KP and Rs1.2million for up-gradation of basic structure, Rs1.5million for increase in provision of medicines and Rs2.6million for better health services in the province.
Copyright Business Recorder, 2021
I agree with u say, but why has the difference widened between kpk budget & Sindh budget widened with each passing year?
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,792
- Reaction score
- 106
- Country
- Location
Work completed on Kohat to Orakzai Road (Spaya Road).
Construction of the road will provide travel facilities to the local population of Kohat and Orakzai while tourism will also get further boost.
Construction of the road will provide travel facilities to the local population of Kohat and Orakzai while tourism will also get further boost.
RealNapster
SENIOR MEMBER
- Joined
- May 6, 2015
- Messages
- 7,611
- Reaction score
- 9
- Country
- Location
In 2012 Sindh budget was 577 billion, KP budget was 303 billion. KP budget was only 52% of Sindh budget.
Now this year, KP budget is 1118 billion while Sindh budget is 1478 billion. KP budget now is almost 76% of Sindh budget. The gap is reducing not increasing. Major factors behind reduction in this gap is hydel and gas royalties to KP which was minimal at around 2010. Plus NFC share made sure every citizen get equal payment.
_NOBODY_
SENIOR MEMBER
- Joined
- Jan 6, 2016
- Messages
- 3,327
- Reaction score
- 4
- Country
- Location
As time passes KPK will become more industrialized and will start receiving a lot more FDI. If things don't change in Sindh for the better then I can confidently say that KPK's budget will be much greater than Sindh's in the future.
RealNapster
SENIOR MEMBER
- Joined
- May 6, 2015
- Messages
- 7,611
- Reaction score
- 9
- Country
- Location
To be frank I don't like that much industrialization. I would instead love to have services industry and IT flourish in KP. We can not afford to bring KP in rankings of worst air quality cities after Lahore and Karachi. 2-3 smart cities along with a dozen technology parks and IT related SEZ's. That's the way to go.
Another reason is that we lack land. There is a reason Rashakai SEZ is only 1000 acre. Houses are already taking agricultural land. We need to go vertical instead of horizontal as far as housing is concerned. We need to introduce 5-6 stories apartment buildings in our cities and towns. No more single storey houses.
_NOBODY_
SENIOR MEMBER
- Joined
- Jan 6, 2016
- Messages
- 3,327
- Reaction score
- 4
- Country
- Location
We have plenty of land in Baluchistan which should be used for industrialization. Baluchistan should be our main commercial and industrial hub of the future. We should create more costal cities near Gwadar.
ghazi52
PDF THINK TANK: ANALYST
- Joined
- Mar 21, 2007
- Messages
- 102,792
- Reaction score
- 106
- Country
- Location
KP budget estimate, pores and coins
by The Frontier Post
Khyber Pakthunkhwa government presented its third budget of Rs1,118.3 billion rupees for financial year 2021-22, having a record allocation of Rs 371 billion for annual development program (ADP) and Rs747.3 billion for current budget expenditure. The KP government deviated its path from its elders sitting in the center and announced an unexpected 37 percent increase in salaries of all those employees who did not take special allowances from Government.
The provincial government of PTI has given special focus on newly merged districts and allocated separate funds for development and uplifting of former tribal regions. According to details, Rs. 919 billion set aside for settled districts and Rs.199.3 billion has been reserved for newly merged districts during FY 2021-22. Similarly, out of total Rs. 371 billion ADP, KP Government earmarked Rs. 270.7 billion for settled districts and Rs. 100.3 billion for merged tribal districts. The PTI led government of KP allocated Rs. 648.3 billion settled districts and Rs 99 billion for merged districts out of total allocation of Rs. 747.3 billion for current budget expenditure.
While presenting the provincial budget in the assembly, the Finance Minister informed the house that KP’s budget was based on five main pillars including a record increase in salaries of government employees, development budget, devoted services to people, increasing KP’s own resources revenue and introduction of goal oriented reforms and innovation in the overall governance system.
According to Taimur Saleem Jhagra, KP government is going to introduced two innovative approaches ‘development plus budget’ and ‘service delivery budget’ under which Rs. 500 billion would be spent on Service delivery focusing on mega projects such as Sehat Plus Cards, provision of furniture to Govt schools and increase in medicines budget to public sector hospitals whereas Rs. 424 billion would be spent on the development Plus initiative with priorities to payment of salaries of government employees etc.
The minister said Rs. 1018 billion revenue and income targets were set for FY 2021-22 that would be achieved from different financial resources, duties, and taxes.
The PTI government in KP had presented its overall 8th budget during two consecutive terms in office and 3rd budget during the current term. The budget was largely formatted on the lines of the central government’s budget estimate and sufficient development funds have been allocated under different heads during the upcoming fiscal year. Special focus was given to the social sector, increase in payment and pension of government servants, agriculture sector, Ehsaas Program, and others.
Despite ruling the province for a second term, the PTI government could not initiate any mega project like BRT. There is urgent need of medical and educational facilities in less developed and newly merged Districts such as Upper Dir and Chitral and Kohistan etc. The people of these districts rush to Peshawar and Abbottabad for medical and educational needs. Furthermore, there are huge prospects of tourism in almost all Districts of the KP, but no initiative has been undertaken by the provincial government to utilize this potential for revenue generation.
The other avenues which need more attention are digitization of land records, industrialization, and full operationalization of the Sehat Card project of the provincial government. Today, unplanned growth of our cities, unapproved construction of buildings and encroachment are the emerging problems of the province.
It is ripe time for the Provincial government of PTI to prove its worth during the remaining two years of its term in office. The KP government has all essential resources, capabilities, manpower and sufficient time to make history, however only resilience of the leadership can make this miracle.
by The Frontier Post
Khyber Pakthunkhwa government presented its third budget of Rs1,118.3 billion rupees for financial year 2021-22, having a record allocation of Rs 371 billion for annual development program (ADP) and Rs747.3 billion for current budget expenditure. The KP government deviated its path from its elders sitting in the center and announced an unexpected 37 percent increase in salaries of all those employees who did not take special allowances from Government.
The provincial government of PTI has given special focus on newly merged districts and allocated separate funds for development and uplifting of former tribal regions. According to details, Rs. 919 billion set aside for settled districts and Rs.199.3 billion has been reserved for newly merged districts during FY 2021-22. Similarly, out of total Rs. 371 billion ADP, KP Government earmarked Rs. 270.7 billion for settled districts and Rs. 100.3 billion for merged tribal districts. The PTI led government of KP allocated Rs. 648.3 billion settled districts and Rs 99 billion for merged districts out of total allocation of Rs. 747.3 billion for current budget expenditure.
While presenting the provincial budget in the assembly, the Finance Minister informed the house that KP’s budget was based on five main pillars including a record increase in salaries of government employees, development budget, devoted services to people, increasing KP’s own resources revenue and introduction of goal oriented reforms and innovation in the overall governance system.
According to Taimur Saleem Jhagra, KP government is going to introduced two innovative approaches ‘development plus budget’ and ‘service delivery budget’ under which Rs. 500 billion would be spent on Service delivery focusing on mega projects such as Sehat Plus Cards, provision of furniture to Govt schools and increase in medicines budget to public sector hospitals whereas Rs. 424 billion would be spent on the development Plus initiative with priorities to payment of salaries of government employees etc.
The minister said Rs. 1018 billion revenue and income targets were set for FY 2021-22 that would be achieved from different financial resources, duties, and taxes.
The PTI government in KP had presented its overall 8th budget during two consecutive terms in office and 3rd budget during the current term. The budget was largely formatted on the lines of the central government’s budget estimate and sufficient development funds have been allocated under different heads during the upcoming fiscal year. Special focus was given to the social sector, increase in payment and pension of government servants, agriculture sector, Ehsaas Program, and others.
Despite ruling the province for a second term, the PTI government could not initiate any mega project like BRT. There is urgent need of medical and educational facilities in less developed and newly merged Districts such as Upper Dir and Chitral and Kohistan etc. The people of these districts rush to Peshawar and Abbottabad for medical and educational needs. Furthermore, there are huge prospects of tourism in almost all Districts of the KP, but no initiative has been undertaken by the provincial government to utilize this potential for revenue generation.
The other avenues which need more attention are digitization of land records, industrialization, and full operationalization of the Sehat Card project of the provincial government. Today, unplanned growth of our cities, unapproved construction of buildings and encroachment are the emerging problems of the province.
It is ripe time for the Provincial government of PTI to prove its worth during the remaining two years of its term in office. The KP government has all essential resources, capabilities, manpower and sufficient time to make history, however only resilience of the leadership can make this miracle.
