KP unveils Rs923 billion ‘tax free’ budget 2020-21

06:57 PM | 19 Jun, 2020
KP unveils Rs923 billion ‘tax free’ budget 2020-21

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.


He said the government has allocated Rs152 billion for the promotion of education.


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.


Rupee recovers marginally against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee saw marginal improvement against US dollar as it appreciated in the open bank market.

Dollar Rate in Pakistan Today

On Thursday, the US dollar moved up and was being quoted at 285.3 for buying and 288.15 for selling.

Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.

UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.

Today's currency exchange rates in Pakistan - 30 November 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.3 288.15
Euro EUR 311 314
UK Pound Sterling GBP 358.5 361.5
U.A.E Dirham AED 78 78.7
Saudi Riyal SAR 76.2 77
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 759.67 767.67
Canadian Dollar CAD 209 211
China Yuan CNY 39.58 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.63 36.98
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.7 935.7
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 325.9 328.4
Thai Bhat THB 8.23 8.38

Gold rates in Pakistan increase; Check today’s gold rates 30 November 2023

KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.

Gold Rates in Pakistan Today - 30 November 2023

On Thursday, the single tola of 24 Karat gold was available at Rs218,600, and the price for 10-gram gold reached Rs187,420.

Meanwhile, the 22 Karat Gold price stands at Rs200,380, 21 karat rate for each tola is Rs191,275 and 18k gold rate hoveres around Rs163,950.

In international market, the price of precious metal hovers around $2,045 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 218,600 PKR 2,675
Karachi PKR 218,600 PKR 2,675
Islamabad PKR 218,600 PKR 2,675
Peshawar PKR 218,600 PKR 2,675
Quetta PKR 218,600 PKR 2,675
Sialkot PKR 218,600 PKR 2,675
Attock PKR 218,600 PKR 2,675
Gujranwala PKR 218,600 PKR 2,675
Jehlum PKR 218,600 PKR 2,675
Multan PKR 218,600 PKR 2,675
Bahawalpur PKR 218,600 PKR 2,675
Gujrat PKR 218,600 PKR 2,675
Nawabshah PKR 218,600 PKR 2,675
Chakwal PKR 218,600 PKR 2,675
Hyderabad PKR 218,600 PKR 2,675
Nowshehra PKR 218,600 PKR 2,675
Sargodha PKR 218,600 PKR 2,675
Faisalabad PKR 218,600 PKR 2,675
Mirpur PKR 218,600 PKR 2,675


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