Budget 2011-12: No new taxes added for Sindh
The provincial budget 2011-12 for Sindh was presented with an outlay of Rs457.5 billion.
KARACHI:
The provincial budget 2011-12 for Sindh was presented on Friday with an outlay of Rs457.5 billion.
The Sindh Finance Minister Murad Ali Shah presented the Sindh budget for the fiscal year 2011-12. As expected earlier, he announced that no new tax was added in the Sindh budget .
The Sindh government is expecting a surplus of Rs882 million.
The development package for Karachi was announced to be Rs20 billion, while Rs10 million, Rs20 million and Rs2 million were allocated for Hyderabad, Larkana and Benazirabad respectively.
A new city called Zulfiqarabad will be established along coastal belt of Thatta, for which 335 acres of land were allocated.
Express 24/ 7 correspondent Sabeen Agha reported that the session was conducted in a peaceful manner. Except for the Awami National Party that announced their boycott a day earlier, all political parties attended the session.
According to the budget document, Rs31 billion was allocated for the improvement of law and order in the province.
It was also announced that 80,000 new teachers will be appointed in all schools in the province. 300 new schools will be built while 124 primary schools will be restored.
Shah said that all decisions on budget were taken jointly. He further added that Rs6.95 billion has been allocated for the development of the health sector .
Rs20 billion were also allocated for flood affected areas.
The provincial budget 2011-12 for Sindh was presented on Friday with an outlay of Rs457.5 billion.
The Sindh Finance Minister Murad Ali Shah presented the Sindh budget for the fiscal year 2011-12. As expected earlier, he announced that no new tax was added in the Sindh budget .
The Sindh government is expecting a surplus of Rs882 million.
The development package for Karachi was announced to be Rs20 billion, while Rs10 million, Rs20 million and Rs2 million were allocated for Hyderabad, Larkana and Benazirabad respectively.
A new city called Zulfiqarabad will be established along coastal belt of Thatta, for which 335 acres of land were allocated.
Express 24/ 7 correspondent Sabeen Agha reported that the session was conducted in a peaceful manner. Except for the Awami National Party that announced their boycott a day earlier, all political parties attended the session.
According to the budget document, Rs31 billion was allocated for the improvement of law and order in the province.
It was also announced that 80,000 new teachers will be appointed in all schools in the province. 300 new schools will be built while 124 primary schools will be restored.
Shah said that all decisions on budget were taken jointly. He further added that Rs6.95 billion has been allocated for the development of the health sector .
Rs20 billion were also allocated for flood affected areas.