Govt allocates additional Rs26bn for FATA at eleventh hour - News Summed Up

Govt allocates additional Rs26bn for FATA at eleventh hour


With the additional Rs26 billion, the total allocation for the merged districts will now be Rs152 billion. The additional allocation has increased the total development budget outlay to Rs701 billion from the Rs675 billion that the government had announced recently. Previously, erstwhile FATA was allocated Rs22 billion for development in addition to the allocation of Rs24.5 billion. Making the total federal PSDP to Rs925 billion, the government has claimed that the additional Rs250 billion will be generated from the private sector. The Annual Plan Coordination Committee (APCC) had proposed development outlay of Rs1.837 trillion and 4 per cent GDP growth rate for FY 2019-20.


Source: Pakistan Today June 10, 2019 18:11 UTC



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