KPK budget for fiscal 2011-12 to be presented on Saturday

By jazbablog - Fri Jun 10, 7:17 pm

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PESHAWAR: Khyber Pakhtoon Khawa (KPK) government budget for fiscal 2011-12 with total outlay of .335 trillion will be presented today (Saturday) in provincial assembly.

KPK finance minister Engineer Hummayun Khan will present the budget.

Tax ratio has been increased by 20 percent in the budget. KPK government has allocated funds in the upcoming budget for operating FM radio stations in the areas of Dir, Mansehra and Bannu to counter the propaganda of extremists.

Raise in salaries and allowances of the government employees will also be announced in the budget. Certain amount has been earmarked in the budget for the prisoners who are lying in the jails due to non payment of nominal amount of Diyat. Provincial government will pay amount of Diyat.

A sum of Rs 18 billion has been allocated for war against terrorism. No loan will be obtained from donor agencies despite fiscal deficit.

Plan to set up 8 new small industries has been evolved to provide employment opportunities to the jobless persons. Rs 24 million have been earmarked for woman development projects. Rehabilitation centers costing Rs 31 million for addicts will be set up in the province. Women training hostel will be built at the cost of Rs 10 million.

Cultivable land ranging between 10 to 20 acres per each will be leased out to poor farmers of 5 districts at nominal rate.