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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.

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.

Daily Pakistan Global Web Desk

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
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 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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