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Budget 2017-18: Punjab Govt to provide 50,000 Orange cabs via interest free installments

12:50 PM | 3 Jun, 2017
Budget 2017-18: Punjab Govt to provide 50,000 Orange cabs via interest free installments
LAHORE - The government of Punjab has earmarked a staggering Rs 35 billion for Orange cab scheme in the budgetary proposals for fiscal year 2017-18.

The allocation was announced by provincial minister for finance Ayesha Ghaus Pasha on Friday who presented a rosy picture of economic indicators during his budget speech.

The minister told the house that as many as 50,000 vehicles would be handed over to the jobless youth across the province under the banner of 'Apna Rozgar' scheme of provincial government.

'The cabs would be provided via interest free installments to youth' said Ayesha Ghaus Pasha.

This is the 10th consecutive and most probably the last budget presented by Pakistan Muslim League-Nawaz before the next general elections scheduled to held in 2018.

The total outlay of the provincial budget is Rs 1.977 trillion and the development budget is 15 per cent more than the current fiscal year.

Details regarding allocation of funds for different sector are as follows:

Agriculture



  • The government has allocated 20 billion for agriculture in the province.


Development Programs

  • Rs635 billion allocated for annual development program.

  • Rs 95 billion for roads.

  • Rs57 billion have been allocated for Water and sanitation.


Health 

  • A total of 341 billion have been allocated for education in Punjab.

  • Rs57 billion have been fixed for health sector.

  • Rs 20 billion have been fixed for DHQs, THQs.

  • Primary healthcare will get a Rs1 billion boost in the next fiscal year.

  • An amount of Rs 20.4126 billion has been allocated in the fiscal year 2017-18 for the provision of free medicines.


Salaries & Pension

A 10 per cent raise has been made in the salaries and pension of provincial government employees.

Education

  • Rs52.35 billion will be allocated for school education.

  • A sum of Rs230 billion has been set aside for District Education Authorities.

  • Rs28 billion have been fixed for providing basic facilities at government schools.

  • Rs6.03 billion have been set aside for construction of new classrooms in Punjab schools.

The writer is a civil servant.

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 22 May 2024

 Pakistani currency rates against US Dollar and other currencies on May 22, 2024 (Wednesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.15 for buying and 280.05 for selling.

Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349 for buying, and 352.5 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 22 May 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.15 277.15
Euro EUR 297 300
UK Pound Sterling GBP 349 352.5
U.A.E Dirham AED 75.2 75.95
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.34 748.34
Canadian Dollar CAD 203 205
China Yuan CNY 38.51 38.91
Danish Krone DKK 40.52 40.92
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 903.3 912.3
Malaysian Ringgit MYR 59.34 59.94
New Zealand Dollar NZD 170.11 172.11
Norwegians Krone NOK 25.92 26.22
Omani Riyal OMR 723.13 731.13
Qatari Riyal QAR 76.42 77.12
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.98 26.28
Swiss Franc CHF 305.97 308.47
Thai Bhat THB 7.67 7.82

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