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Budget 20-21: Punjab allocates Rs391 billion for Education

07:00 PM | 15 Jun, 2020
Budget 20-21: Punjab allocates Rs391 billion for Education

LAHORE – The Punjab government has allocated more than Rs 391 billion for the education sector for fiscal year 2020-21.

The allocations include Rs 357 billion for ongoing regular expenditures, and Rs 34.5 billion for development schemes.

According to the budget document, funds amounting to Rs 350 billion have been allocated for School Education Department (SED), out of which Rs 27.6 billion has been earmarked as development budget for the year.

For ongoing schemes, Rs 600 million have been allocated for SED whereas four billion rupees for new schemes. Similarly, Rs 23 billion has been allocated for other development programme (ODP).

Provision of scholarships to more than Rs 0.5 million school girls and free syllabus books to all students would be made from this allocation.

He said that Rs. 13.5 billion has been allocated for school councils, and three billion rupees for educational expenses of Daanish Schools in the budget proposals. Rs 22 billion has been allocated for the Punjab Education Foundation (PEF) and Punjab Education Initiative Management Authority(PEIMA) under public private partnership. Projects of upgradation of schools, construction of additional class rooms, establishment of computer labs and reconstruction of dilapidated buildings have also been included in the proposals.

The provincial government had already upgraded 1,227 elementary schools to high schools.

Similarly, for promotion of higher education, Rs 37.5 billion have been allocated for the Higher Education Department, out of which Rs 3.9 billion will be spent on development schemes.

According to details, Rs 3.2 billion have been allocated for ongoing development schemes, Rs 500 million for new schemes whereas Rs 150 million for the ongoing development programme.

Seven new universities would be established in various districts of the province whereas provision of facilities in existing universities were part of the projects. Funds were also being allocated for providing educational stipend to deserving students and the chief minister merit scholarship programme.

For Special Education, Rs 555 million have been earmarked by the government, out of which Rs 365 million have been allocated for ongoing schemes while Rs 189 million for new schemes.

The Punjab government has allocated Rs 2.5 billion for literacy and non-formal education, out of which Rs 20 million have been allocated for ongoing schemes, and Rs 2,480 million for new schemes.

Associated Press of Pakistan Corporation (APPC) - Pakistan's Premier News Agency

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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