KARACHI – Sindh Chief Minister Murad Ali Shah presented the provincial budget for the next financial year 2023-24 with total outlay of Rs2,420 billion.
The budget was tabled in a calm environment as lawmakers of the major opposition party, PTI, did not attend the session.
The chief minister announced an increase of 35% in salaries for the Sindh government employees between grades 1 and 16 and 30% for the employees between grades 17 and 22.
Salaries and Pensions
The chief minister said 35% increase has been proposed in salaries of employees of Grade 1 to 16 while 35% surge has been proposed for officers of Grade 17 and above.
He said 17.5% increase has been proposed in pensions of retired government employees.
Annual Development Programme
The chief minister said the government has set aside funds for 1937 new projects. He said the government has allocated Rs380 billion for the annual development program while the total development budget is estimated at Rs689 billion.
A note in the budget documents explained that “in addition to regular ADP, Government of Sindh’s Development portfolio under Public Private Partnership mode stands at Rs. 487 billion whereby Projects of Rs. 60 billion have already been executed, Projects of Rs. 144 billion are presently at different stages of construction and Projects amounting to Rs. 283 billion are at the bidding stage.”
Education
Rs 353 billion has been set aside for the Education Department, he said, adding that development budget is Rs 45.33 billion and Rs 308 billion for the non-development budget of education. About, 1500 lecturers will be appointed through the Sindh Public Service Commission (SPSC), he announced.
The chief minister said about 23 new colleges will be established across the province, adding that Rs 403.3 million has been allocated in the budget for this purpose.
Law and order
The Sindh government has decided to pay special attention to law and order in the budget and proposed allocation of Rs160 billion for the purpose. Rs 2.79 billion have been allocated for fighting dacoits and Rs 130 million for establishing forensic laboratory, he said.
Rain and floods
In the budge, he said Rs12 billion has been proposed for mega projects in Karachi, Rs90 billion for the works services department, and Rs160 billion for rain and flood victims.
More to follow…
Daily Pakistan Global Web Desk
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on September 30, 2023 (Saturday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 286.05 | 289.15 |
Euro | EUR | 307 | 310 |
UK Pound Sterling | GBP | 353.3 | 357 |
U.A.E Dirham | AED | 80 | 80.8 |
Saudi Riyal | SAR | 76 | 76.75 |
Australian Dollar | AUD | 189 | 191 |
Bahrain Dinar | BHD | 778.84 | 786.84 |
Canadian Dollar | CAD | 220 | 222.2 |
China Yuan | CNY | 40.24 | 40.64 |
Danish Krone | DKK | 41.83 | 42.23 |
Hong Kong Dollar | HKD | 37.93 | 38.28 |
Indian Rupee | INR | 3.57 | 3.68 |
Japanese Yen | JPY | 1.63 | 1.71 |
Kuwaiti Dinar | KWD | 945.27 | 954.27 |
Malaysian Ringgit | MYR | 62.62 | 63.22 |
New Zealand Dollar | NZD | 174.58 | 176.58 |
Norwegians Krone | NOK | 27.87 | 28.17 |
Omani Riyal | OMR | 762.31 | 770.31 |
Qatari Riyal | QAR | 80.69 | 81.39 |
Singapore Dollar | SGD | 208 | 210 |
Swedish Korona | SEK | 26.62 | 26.92 |
Swiss Franc | CHF | 323.01 | 325.51 |
Thai Bhat | THB | 8.12 | 8.27 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 205,600 on Saturday.
The price of 10 grams of 24k gold was recorded at Rs 176,270. Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
City | Gold | Silver |
Lahore | PKR 205,600 | PKR 2,450 |
Karachi | PKR 205,600 | PKR 2,450 |
Islamabad | PKR 205,600 | PKR 2,450 |
Peshawar | PKR 205,600 | PKR 2,450 |
Quetta | PKR 205,600 | PKR 2,450 |
Sialkot | PKR 205,600 | PKR 2,450 |
Attock | PKR 205,600 | PKR 2,450 |
Gujranwala | PKR 205,600 | PKR 2,450 |
Jehlum | PKR 205,600 | PKR 2,450 |
Multan | PKR 205,600 | PKR 2,450 |
Bahawalpur | PKR 205,600 | PKR 2,450 |
Gujrat | PKR 205,600 | PKR 2,450 |
Nawabshah | PKR 205,600 | PKR 2,450 |
Chakwal | PKR 205,600 | PKR 2,450 |
Hyderabad | PKR 205,600 | PKR 2,450 |
Nowshehra | PKR 205,600 | PKR 2,450 |
Sargodha | PKR 205,600 | PKR 2,450 |
Faisalabad | PKR 205,600 | PKR 2,450 |
Mirpur | PKR 205,600 | PKR 2,450 |
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