Lahore Real Estate

Budget 2017-2018

ISLAMABAD: Samaa TV on Friday obtained the details of the federal budget for fiscal year Budget 2017-2018 which will be announced by Finance Minister Ishaq Dar on Friday afternoon.

The total outlay of the federal budget is Rs. 4.8 trillion.

According to details, the federal government is allocating Rs. 15 billion for Interior Ministry while Rs. 1 billion is being set aside for Trade and Commerce Ministry.

Rs. 1 billion have been set aside for Ministry for Information Technology while Rs. 3 billion have been set aside for Rs. 1 billion for Ministry for Inter-Provincial Coordination.

The federal government is setting aside over Rs. 2 billion for the federal education system.

The government allocating Rs. 530 million for defence sector whereas Rs. 4 billion have been set aside for Defence Production Division.

Pakistan Atomic Energy Commission will get Rs. 15 billion from the budget .

Rs. 270 million are being allocated for Establishment Division while Rs. 162 billion will be allocated for foreign resources.

Rs. 4 billion are being set aside for Aviation Division whereas Rs. 150 million will be set aside for Cabinet Division.

The government is setting aside Rs. 810 million for Environmental Division.

The government is allocating Rs. 13.6 billion for Communication Division.

The government is allocating Rs. 18 billion for Finance Division while Rs. 200 million are being set aside for Foreign Affairs Division.

Higher Education Commission (HEC) will be getting Rs. 35 billion from the federal budget while Rs. 10 billion have been set aside for Housing and Works.

Rs. 200 million have been set aside for Human Rights Division whereas Industrial Production will be getting Rs. 2 billion from the budget.

The government has earmarked Rs. 43 billion for Gilgit – Baltistan.

Rs. 1 billion has allocated for National Food Security while Rs. 48 billion have been set aside for National Health.

Rs. 20 billion have been earmarked for Prime Minister Youth Scheme while Rs. 90 billion have for Securities and Internally Displaced People (IDPs).

The sector of Gas Infrastructure will be getting Rs. 25 billion from the federal budget while Rs 40 billion will be spent on special programmes.

Rs. 60 billion will be spend on power projects while Rs. 25 billion will be allocated for energy and water projects.

Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) will be getting Rs. 3 billion from the budget while Rs. 26 billion is being allocated for Border Affairs Division.

Railway Division will be getting Rs. 42 billion while Planning Division will get Rs. 16 billion from the federal budget.

The federal government has allocated Rs. 180 billion for China Pakistan Economic Survey (CPEC). Rs. 231 billion have already been spent on the mega project since the past three years.

Rs. 160 billion would be spent on the construction of streets and bridges under the project.

The federal government has also set Rs. 44 billion for the western route of CPEC.

Rs. 1.8 billion have been allocated for the security of the economic corridor.

The government will be spending Rs. 30 billion for Multan-Sukkur section of Lahore to Karachi Motorway whereas Rs. 38 billion has been set aside for Hakla Yark  – Dera Ismail Khan Motorway.

The government is spending Rs. 1.5 billion on the construction of Bismah – Khuzdar Road whereas Rs. 54.4 billion will be spent on Lahore Abdul Hakeem Section.

The government is allocating Rs. 25.2 billion on Thakot – Havelian section.

Rs. 3 billion have been set aside for the Burhan Haveian Expressway.

The government has only allocated Rs. 1 billion for the construction of Gwadar Airport. The authorities had demanded Rs. 21.2 billion for the project.

Rs. 1.5 billion have been allocated for the Gwadar East Bay Expressway wheereas Rs. 10.6 billion have been set aside for the construction for the Havelian Dry Port.

Rs. 4.2 billion will be allocated by the government for Matiari Transmission Line under CPEC.

Budget 2017-2018