Pakistan Budget 2017-18

Pakistan Budget 2017-18

Government of Pakistan presented the financial budget for year 2017-2018 in May 2017. The Federal budget of Budget Pakistan is presented by Finance Minister of ruling Pakistan Muslim League Nawaz. Finance Minister Ishaq Dar presented the Federal Pakistan Budget 2017-18 on 26 May 2017. It is also the fifth and last budget of PML (N) and also considered as important because next year will be election year.

Followings are some highlights of Pakistan Budget 2017-18;

• Total outlay of Budget = Rs.4.8 Trillion
• Total volume of development = Rs.1001 Billion
• Target of Development for next year = 6 percent
• Increase in the salary of Government Employee = 10 %
• Target for loans for agriculture sector = 700 billion rupees
• Minimum Salary or wages = Rs.15000
• Increase in GDP = 5.3 %
• Allocation for laptop scheme = Rs.20 Billion
• Allocation for Benizir Income Support Program = Rs.121 Billion
• Allocation for Development = Rs.1.001 Trillion
• Government subsidy on Electricity = Rs.118 Billion
• Loans for Agriculture farming to farmers = Rs.600 Billion
• Allocation for the eradication of Load-Shedding/ Electricity Shortage = Rs.404 Billion
• Trade Deficit reduction target for the next year = 4.2 % from current 8.2 %
• Federal Government allocation for CPEC = Rs.180 Billion
• Allocation for Western Rout of CPEC = Rs.44 Billion
• Allocation for the security of economic corridor = Rs.1.8 Billion
• Allocation for the construction of Islamabad High Court = Rs.500 Million
• Allocation for the Multan-Sukkur Motorway Section = Rs.30 Billion
• Allocation for the Hakla Yark-Dera Ismael Khan Motorway Section = Rs.38 Billion
• Allocation for the Lahore-Abdul Hakeem Motorway Section = Rs.54.4 Billion
• Allocation for Power Projects = Rs.25 Billion

Above mentioned are few points of this budget. Keep in touch with us and soon we will upload the PDF copy of complete Federal Budget of Pakistan 2017-18.