Punjab to spend Rs 337b on development in next FY
ISLAMABAD-Provincial Finance Minister Makhdoom Hashim Jawan Bakhat said on Monday that
a total of Rs 337 billion would be spent on developmental schemes/projects of various
sectors during the next financial year (2020-2021).
During his budget speech in the assembly session here, he said that despite huge economic
challenges and dearth of resources, the government did not comprise on development programme
projects would be completed on priority basis.
Public Private Partnership (PPP).
Keeping in view the meager resources in the presence of coronavirus challenges, the government
has decided to involve private sector through Innovative Financing to fulfill development needs.
For this purpose, Punjab Public-Private Partnership Authority and 165 mega projects have been
identified for next FY which included Lahore Ring Road (SL-4), dualisation of Multan-Vehari Road,
Nulla Lie (Rawalpindi) Expressway, provision of water meters and Rawalpindi Ring Road etc. He
mentioned that projects under the PPP would be exempted from Sale Tax on Services for five years.
Programme (CDP) to start labour intensive programmes, while a hefty amount was also being
earmarked for on-going projects under Sustainable Development Goals Achievement
Since Micro, Small and Medium Enterprises (MSMEs) have key role in economic development
Rural Enterprises as well as reforms will also be introduced in this sector, he said and added that with this government’s intervention, an accumulative four to five times capital injection in the market
Hashim Jawan said that Rs 6.87 billion would be given to TEVTA (Technical Education and Vocational Training Authority) enabling youths active participation in technical training and economic activities. Out this budget, he said, Rs 1.5 billion will be spent on Hunnarmand Nojawan Programme, while Rs 4.9 billion for Skill Development Programme. TEVTA courses will be revised to bring these at par with international standard.
Improving the living standard of poor segment of society has always been top priority of Prime Minister Imran Khan and the Punjab Chief Minister, he said and mentioned that Punjab Social Protection Authority (PSPA) budget for FY 2020-21 would be around Rs 4 billion under which Punjab Ehsas Programme (PEP) will be implemented. He said that Panagha (Shelter Houses) were being constructed at every divisional headquarters for social welfare, while two new centres were being established at Lahore and Rawalpindi to curb violence against women.
Hashim Jawan said that poverty reduction and employment projects worth more than Rs 2 billion would
be completed under South Punjab Poverty Alleviation Programme (PPPAP) in 10 Punjab districts ie Bahawalnagar, Bahawalpur, Rahim Yar Khan, D.G.Khan, Muzaffargarh, Rajanpur, Layya, Bhakkar, Khushab and Mianwali. Similarly, Rs 1.15 billion will be spent on Women Income Generation and Self Reliance (WINGS) Project in districts of Vehari, Chiniot, Sargodha, Pakpattan, Khanewal, Okara, Multan, Sheikhupura and Rawalpindi.
An amount of Rs 5.36 billion has been set aside for Human Capital Investment Project to jack up the people living below poverty line.
In an effort to make access of South Punjab’s people to government departments, establishment of South
Punjab Secretariat consisting of 16 departments has been approved and Rs 50 billion has been earmarked in this regard. He maintained that posts of Additional Chief Secretary and Additional IG Police Punjab had been created and both the officers will be assume their respective offices from July 01, 2020.