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Budget 2012-13 Hot News
ISLAMABAD: The budget 2012-13 has earmarked a sum of Rs873 billion for the public sector development plan (PSDP), according to details of the plan obtained by the Geo News.- Income Tax Exemption Limit Raised by Rs.50,000
- PSDP of Rs.873 Billion Proposed
- Rs2.96trn Election Budget Presented Amid Ruckus
- Rs 545 billion allocated for Defence
- BUDGET AT A GLANCE
- Budget Speech 2012-13
- Income tax slab likely to be reduced to six from 10
- Salaries increase 40% Revised Pay Scales 2012
PSDP envisages an allocation of Rs22.88 billion for the railway projects, Rs50.87 billion for highways, motorways and roads, Rs10 billion for ERRA projects, Rs34.56 billion for the construction of Chashma nuclear plant Nos. 3 and 4, Rs890 million for Karachi projects of 1000MW and 300MW, Rs370 billion for the re-construction of earthquake affected national highway, Rs329 billion for the restoration and expansion of Shahrah-e-Karakoram and Rs1.60 billion has been allocated for the restoration of Shahrah-e-Karakoram affected by the Attaabad lake
PSDP constitutes of Rs350 billion for federal development projects, while Rs513 billion for provincial governments’ projects.
Out of total PSDP, the federal share is Rs.350 billion, provincial share Rs.513 billion whereas Rs.10 billion would be spent for Reconstruction and Rehabilitation of Earthquake-hit areas.
Following are the main allocations in Federal PSDP:
--- Rs.2177.8 million for Cabinet Division.
--- Rs.791.5 million for Capital Administration and Development Division.
--- Rs.135.0 million for Climate Change Division.
--- Rs.653.8 million for Commerce Division.
--- Rs.142.1 million for Communication Division (other than NHA).
--- Rs.3205.2 million for Defence Division.
--- Rs.2000.0 million for Defence Production Division.
--- Rs.211.7 million for Economic Affairs Division.
--- Rs.8.0 million for Establishment Division.
--- Rs.25.0 million for Federal Tax Ombudsman.
--- Rs.13616.0 million for Finance Division.
--- Rs.200.0 million for ministry of Foreign Affairs.
--- Rs.15800.0 million for Higher Education Commission.
--- Rs.2591.4 million for Housing and Works Division.
--- Rs.126.0 million for Human Rights Division.
--- Rs.774.5 million for Industries Division.
--- Rs.412.3 million for Information and Broadcasting Division.
--- Rs.787.4 million for Information Technology and Telecom Division.
--- Rs.195.0 million for Inter Provincial Coordination Division.
--- Rs.6509.8 million for Interior Division.
--- Rs.20055.2 million for Kashmir and Gilgit Baltistan Division.
--- Rs.1200.0 million for Law, Justice and Parliamentary Affairs Division.
--- Rs.311.1 million for Narcotics Control Division.
--- Rs.495.0 million for National Food Security and Research Division.
--- Rs.75.4 million for National Heritage and Integration Division.
--- Rs.39167.4 million for Pakistan Atomic Energy Commission.
--- Rs.400.0 million for Pakistan Nuclear Regulatory Authority.
--- Rs.268.1 million for Petroleum and Natural Resources Division.
--- Rs.37840.0 million for Planning and Development Division.
--- Rs.325.0 million for Ports and Shipping Division.
--- Rs.612.0 million for Production Division.
--- Rs.2951.6 million for Professional and Technical Training Division.
--- Rs.22877.3 million for Railways Division.
--- Rs.806.8 million for Revenue Division.
--- Rs.1311.3 million for Science and Technological Research Division.
--- Rs.16000.0 million for States and Frontier Regions Division.
--- Rs.140 million for Statistics Division.
--- Rs.227.0 million for Textile Industry Division.
--- Rs.47192.3 million for Water and Power Division (Water Sector).
--- Rs.29655.0 million for WAPDA (Power).
--- Rs.50727.2 million for National Highway Authority.
--- Rs.27000 million for Special Programmes (Pakistan.web.pk-I, Pakistan.web.pk-II).
Source: http://www.thenews.com.pk/GeoEventDetail.aspx?ID=52125