ISLAMABAD – Finance Minister Ishaq Dar Friday unveiled the fifth consecutive Rs4,778 billion budget of Pakistan Muslim League-Nawaz (PML-N) government for the fiscal year 2017-18.
A 10% ad hoc relief has been given to the government employees in their pay and allowances.
In his budget speech, the finance minister vowed that electricity loadshedding will be eliminated next year.
“This is the fifth budget being presented by the PML-N government, and this is an achievement for democracy,” the finance minister said in his opening remarks.
The federal government has proposed Rs 2.113 trillion Public Sector Development Programme (PSDP) for the fiscal year 2017-18, which would be utilised for various ongoing and new development schemes.
The PSDP allocations showed an increase of 26.14 per cent when compared to the development funding of Rs 1.675 trillion during last fiscal year.
Out of total PSDP, Rs 1001 billion have been set aside for the federal departments whereas a sum of Rs 1112 billion allocated for the provinces.