KARACHI/LAHORE: Budget of Pakistan’s two big provinces, Sindh and Punjab will presented on Friday in respective provinces assemblies, ARY News reported.
Budget sessions of both provincial assemblies have been summoned in Lahore and Karachi tomorrow.
Sindh Finance Minister Murad Ali Shah will present provincial budget for 2014-15 in the Sindh Assembly while Punjab Finance Minister Mujtaba Shuja-ur-Rahman will present the Punjab budget for the next fiscal year.
The total volume of Sindh’s budget is expected about more than Rs. 650 billion while Punjab budget’s outlay would be Rs. 1 trillion.
It expected that employees of both the provinces would get 10 per cent increase in the salary and pension.
According to sources, Rs. 330 billion would be proposed to allocate for development projects, Rs. 35 billion for irrigation system and Rs. 31 billion for power projects.
On the other hand, in Sindh budget Rs. 22 billion will be allocated for Development Projects. The government has pitched tax collection target at Rs 470 billion. Law and order budget will be Rs 55 billion, with Rs 9 billion increase as compared to last year.Similarly, allocation for Sindh police in the budget will be Rs 47 billion.
Sources said that Sindh Budget will have the deficit of around Rs. 15-20 billion.