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Sindh approves budget for fiscal year 2023-24

03:59 PM | 21 Jun, 2023
Sindh approves budget for fiscal year 2023-24
Source: File Photo

KARACHI – Sindh assembly on Wednesday approved the budget for next fiscal year 2023-24 that has proposed up to 35 percent increase in salaries of government employees. 

Last week, Sindh Chief Minister Murad Ali Shah presented the provincial budget with total outlay of Rs2,420 billion.

The chief minister had announced an increase of 35% in salaries for the Sindh government employees between grades 1 and 16 and 30% for the employees between grades 17 and 22.

He said 17.5% increase has been approved in pensions of retired government employees.

Annual Development Programme

The chief minister said the government had set aside funds for 1937 new projects. He said the government had allocated Rs380 billion for the annual development program while the total development budget was estimated at Rs689 billion.

A note in the budget documents explained that “in addition to regular ADP, Government of Sindh’s Development portfolio under Public Private Partnership mode stands at Rs. 487 billion whereby Projects of Rs. 60 billion have already been executed, Projects of Rs. 144 billion are presently at different stages of construction and Projects amounting to Rs. 283 billion are at the bidding stage.”

Education

Rs 353 billion has been set aside for the Education Department, he said, adding that development budget is Rs 45.33 billion and Rs 308 billion for the non-development budget of education. About, 1500 lecturers will be appointed through the Sindh Public Service Commission (SPSC), he announced.

The chief minister said about 23 new colleges will be established across the province, adding that Rs 403.3 million has been allocated in the budget for this purpose.

Law and order

The Sindh government has decided to pay special attention to law and order in the budget and proposed allocation of Rs160 billion for the purpose. Rs 2.79 billion have been allocated for fighting dacoits and Rs 130 million for establishing forensic laboratory, he said. 

Rain and floods

In the budge, he said Rs12 billion has been approved for mega projects in Karachi, Rs90 billion for the works services department, and Rs160 billion for rain and flood victims.

Daily Pakistan Global Web Desk

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Pakistani rupee exchange rate against US dollar, Euro, Pound and Riyal - 23 February 2024

Pakistani rupee remains stable against US dollar and other currencies in the open market on February 23, 2024 (Friday)

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.5 for buying and 282.45 for selling.

Euro comes down to 301 for buying and 304 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 75.95 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 23 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 279.5 282.45
Euro EUR 301 304
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 75.95 76.7
Saudi Riyal SAR 74.25 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.88 751.88
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.76 36.11
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.1 2.18
Kuwaiti Dinar KWD 908.79 917.79
Malaysian Ringgit MYR 58.60 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 726.53 734.53
Qatari Riyal ‎QAR 76.76 77.43
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 317.87 320.87
Thai Bhat THB 7.79 7.94

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