Apart from PPP mode projects Karachi has Rs125bn ADP, FAP in progress in Karachi

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Karachi : Sindh Chief Minister Syed Murad Ali Shah addresses a post-budget press conference at Sindh Assembly. Information Minister Sharjeel Inam Memon, Advisor Law Murtaza Wahab and Secretary Finance Sajid Jamal Abro are seen in the picture with him.— NNI, June 15, 2022

KARACHI: Sindh Chief Minister Syed Murad Ali Shah addressing post budget press conference said that the next year Rs1.73 trillion budget has 69.9 percent or Rs1.199 trillion Current Revenue Expenditures, 3.18 percent or Rs54.5 billion Current Capital Expenditures and 26.8 percent or Rs459.65 billion development expenditures. “The Current Revenue Expenditures (CRE) of Rs1.199 trillion could not be termed as non-development expenditures but it has 2.9 percent or Rs35.360 billion repair and maintenance (R&M) budget which itself is part of development budget,” he said and added the CRE has also 21.4 percent or Rs256.605 billion grants for educational, health institutions and for procurement of buses for BRT routes and subsidies for social protection and right-off loans, 14.5 percent or Rs 174.229 billion employees Retirement Benefits, 12.3 percent or Rs147.449 billion operating expenses and 42.5 percent or 509.732 billion employees related expenses. Mr Shah said that the non-development expenditures would not be more than 60 percent of the total budget but even then his government was trying to control them.   The CM said, “yes, the burden of Rs174.229 billion of employees retirement benefits is huge on the provincial exchequer and needs to be controlled,” he said and added his government was working on a scheme to introduce a new pension plan. To a question, the chief minister said that his government was preparing a policy to offer registration of electric vehicles free of cost.

 

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