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.
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.
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 rupee saw marginal improvement against US dollar as it appreciated in the open bank market.
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.
|UK Pound Sterling||GBP||358.5||361.5|
|Hong Kong Dollar||HKD||36.63||36.98|
|New Zealand Dollar||NZD||173.44||175.44|
KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.
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.
|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|