PESHAWAR – Khyber Pakhtunkhwa government on Frida announced its tax free budget for Fiscal Year 2020-21 with a total outlay of Rs923 billion.
Presenting the budget in the Khyber Pakhtunkhwa Assembly in Peshawar on Friday afternoon, the Finance Minister Taimur Saleem Khan Jhagra said that no tax has been imposed in the budge.
Telling about the source, he said the province will receive about Rs 405 billion from the federal divisible pool.
He said the province will receive Rs161 billion rupees from federal government for development of merged tribal districts.
The Finance Minister said province will also get Rs48.6 billion rupees from the federal government for the war on terror.
He said Rs58.3 billion will be provided to province as net hydel profit while over Rs24 billion as a royalty of oil and gas from federal government.
Taimur Saleem Jhagra said twenty-four billion rupees have been set aside for the expected expenditure linked to COVID-19.
Education
He said the government has allocated Rs152 billion for the promotion of education.
Health
Rs124 billion for improvement in healthcare system
Rs 10 billion will be spent on provision of Sehat Insaf Cards to all the population of the province.
Water Projects
Finance Minister Jhagra in his budget speech said that hefty amount of Rs830million has been allocated for projects related to clean drinking water supply across the province.
Development Funds
Rs317.8 billion allocated for development expenditure including Rs221.9 billion for settled districts and Rs95.9 billion for merged tribal district.
Sports, Tourism and Youth Affairs
The Khyber Pakhtunkhwa government has allocated Rs 2.915 billion for Sports, Tourism, Culture, Archaeology and Youth Affairs in the Annual Budget for the year 2020-21 and out of the total funds sports would get Rs. 1.58 billion.
Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 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.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.2 | 280.3 |
Euro | EUR | 293 | 296 |
UK Pound Sterling | GBP | 342.25 | 345.65 |
U.A.E Dirham | AED | 75.25 | 75.95 |
Saudi Riyal | SAR | 73.3 | 74.05 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 739.63 | 747.63 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.45 | 38.85 |
Danish Krone | DKK | 40.45 | 40.85 |
Hong Kong Dollar | HKD | 35.57 | 35.92 |
Indian Rupee | INR | 3.32 | 3.43 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 902.26 | 912.91 |
Malaysian Ringgit | MYR | 58.24 | 59.52 |
New Zealand Dollar | NZD | 164.75 | 169.63 |
Norwegians Krone | NOK | 25.42 | 25.68 |
Omani Riyal | OMR | 722.1 | 730.1 |
Qatari Riyal | QAR | 76.37 | 77.05 |
Singapore Dollar | SGD | 206 | 208 |
Swedish Korona | SEK | 25.72 | 26.02 |
Swiss Franc | CHF | 307.11 | 309.61 |
Thai Bhat | THB | 7.56 | 7.76 |
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