budget2012

Budget had been passed by the National Assembly on June 14. Will come into effect from July 1, 2012.

Up to 32.2% of budget fixed to overcome energy crisis.

CM says people criticising the govt should see the developmental budget, our-year progress of the government.

Some MPAs feel that a policy shift is urgently required.

Provincial legislature unanimously approves Rs542b budget for next fiscal year.

As expected, the Punjab budget for 2012-13 is a tit for tat response to fiscal profligacy of the federal government.

Only two cut motions were allowed.

PPP members offer tribute to the disqualified prime minister.

Court, legal precedent seen as too pragmatic to risk the fate of the economy over one case.

Lawmakers point out some loopholes and places overlooked by the budget.

Volumes plummet as foreign investors divest from the market.

Lawmakers approve three grants worth Rs2.2 billion of the Rs303-billion outlay.

One of the issues raised in the assembly was about power outages in Hyderabad.

MQM staged a walkout to protest the state of law and order.

Speaker had decided against forwarding SC’s reference to ECP in prime minister contempt case.

ANP, MQM suggest imposition of agriculture tax.

Sindh Minister Faisal Subzwari believes that the budget is a continuation of the federal budget.

Opposition balks at 100 per cent increase in wages, perks of Parliamentarians, discretionary budgets for legislators.

Despite growing threats, funds for both major prisons in city reduced.

Homes that would accommodate women, senior citizens, physically challenged people, street children by the year 2015.

Climate change study among five other development projects planned.

Finance dept’s secretary says no money in ADP spent on development projects.

Sindh govt had decided to undertake feasibility study identifying route to divert floodwater along river Indus.

Securing Sindh will cost the government an estimated Rs46 billion in the next financial year.

Percentage allocated for ADPs stays at 5%.

The government plans to hire 8,000 more teachers across the province.

Local bodies’ funds reduced by half as government looks to take control provincially.

Development and education outlays get a massive boost of 48.2% and 66.48%.

Politicians get more discretionary allocations at the expense of infrastructure and public safety.

Sindh finance minister says revenue board to achieve all set targets.

Some minor infrastructure upgrades announced, no major push on developing energy in the province.

Veterans disappointed over budget allocation for film industry.

Provincial government did not take any foreign loans in past four years, says Balochistan finance minister.

An amount of Rs12 billion has been allocated for the health sector, while Rs9 billion will be spent on education.

Cabinet members agreed to 30 % cut in monthly pay.

Huge increases in infrastructure, agriculture spending.

Advises PML-N leaders to focus on winning public support.

Budget is less than a third of what is was before devolution five years ago.

Development budget of Rs1.15b for new courts and facilities.

Proposed budget is for 182 ongoing schemes, of which 6 are in Lahore; 21 new schemes, of which 2 are in Lahore.

Rs186.968 million allocated for Governor’s House, Governor’s Secretariat and governor’s personal spending.

Three drug-testing labs and two food-testing labs to be set up.

Rs1b to be spent on setting up Punjab Technology University.

This debt consists of Rs59.844 billion domestic loans and Rs.354.712 billion foreign loans.

Rs40b allocated for 15 special initiatives.

Transport gets Rs6.2b while IT receives Rs2.4b.

Industries to get only Rs350m out of Rs250b development budget.

Provincial government blames load-shedding for economic downturn.

Water utility proposes Rs29b for 2012-13 with no mention of outstanding electricity bills.

City administration seeks Rs27b in next budget with Rs12b reserved for development schemes.