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Murad Ali presents Sindh budget 2015-16

04:12 PM | 13 Jun, 2015
Murad Ali presents Sindh budget 2015-16
KARACHI (Staff Report) - The Sindh Cabinet members on Saturday approved proposals for the 2015-16 provincial budget of approximately Rs739 billion.

The budget is being presented in the Sindh Assembly by provincial Finance Minister Syed Murad Ali Shah today (Saturday). Murad said that efforts are being made to present a development-oriented provincial budget 2015-16 and to improve the service delivery in the province.

The provincial receipts are estimated to be a little over Rs132 billion compared to Rs125.06 billion expected last year.

Government employees are likely to get 10 per cent pay raise while the minimum monthly salary and pension may be fixed at Rs13,000.

With a 10-15 per cent increase, the allocation for education sector has been tipped to go up to Rs133-Rs144b, while the health sector to get an allocation of Rs53 billion for the next fiscal year.

The major chunk of Rs106 billion in the education budget has reportedly been earmarked under the non-development head with Rs2.503b being spared for education secretariat and Rs2b for unforeseen expenditure.

The sources believe that a sum of Rs65b is being earmarked for law and order with allocation for the police to be at Rs60b and the Sindh Rangers at Rs2.44b. The Frontier Constabulary will get Rs1b in addition to Rs5b meant for procuring modern weapons. The proposals on law and order include raising of a 10,000-men anti-terror force.

The Annual Development Programme is estimated to be at Rs200b to complete the 2,370 ongoing schemes and execute 590 new schemes.

The sources add the budget has more emphasis on development sector with planning for modernisation of cities. The increase in allocation for urban projects is aimed at ensuring a better transport system and availability of clean drinking water. For the rural areas, priorities have been accorded to development projects relating to the lining of canals a better civic infrastructure to the benefit of common man.

Budget copies are prepared in three languages: Urdu, English and Sindhi.

EDUCATION
Over Rs150b are allocated for education in the budget 2015-16 with an increase of Rs10 billion as compared to last fiscal year.

DEVELOPMENT PROJECTS
On development projects, Rs177 billion will be spent from the province’s revenue.

DEVELOPMENT EXPENSES
Provincial development expenditures are revised at Rs158 billion.

SALARIES
Rs240b has been fixed for the salaries of government employees.

EMPLOYMENT OPPORTUNITIES
14,224 employment opportunities will be generated during 2015-16.

ASSEMBLY EXPENSES
Rs1b allocated for Sindh Assembly’s expenditures.

ENERGY SECTOR
Rs25.9 billion has been allocated for Energy sector.

RAPID BUS TRANSIT
Four Rapid Bus Transit projects have been allocated a grant in the budget

LAW AND ORDER
At least 10,030 posts will be created in Sindh Police and Rs1 billion has been reserved in this regard. Rs 61b has been reserved for the Sindh Police, while Rs2.4b has been reserved for Rangers compared to last year’s Rs2.2b.

AGRICULTURE
Agriculture development budget has been set at Rs4.5 billion. Rs50b will be recovered from cotton fees.

The Sindh government has met the targets set for 2014-15 in respect of tax revenues. New target set at Rs126 billion. The minister claims that province have shown better results in collecting tax revenues than federal government and other provinces.

Increase in budget of agriculture, irrigation, food, energy and works and services departments has also been recommended in the next fiscal year.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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US Dollar, Euro, Dirham, Pound, Riyal Rate in Pakistan Today - Currency Rates 20 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 20, 2024 (Saturday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.15 for buying and 280.85 for selling. Euro's buying rate remains stable at 301.35 and selling rate is 303.25.

British Pound rate is 354.85 for buying, and 358.35 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.70.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.15 280.85
Euro EUR 301.35 303.25
UK Pound Sterling GBP 354.85 358.35
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.7 74.42
Australian Dollar AUD 184.75 186.55
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.5 205.5
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 36.05 36.05
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.5 7.65

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