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Over Rs 1680B Punjab Budget to be presented today

The next 2016-17 budget of over Rs 1,680 billion will be presented at the Punjab Assembly today. Top priority to education, health, development projects, infrastructure, and agriculture sectors will be paid in the budget.

The budget will be presented by Punjab Finance Minister Ayesha Ghous Pasha and it would propose allocating over Rs 500 billion for development projects; Rs 50 billion for energy sector;  Rs 100 billion special package for farmers; Rs 33 billion for transport sector; Rs 33 billion for Emergency Services; Rs 3.5 billion for health insurance cards; Rs 1 billion for Cholistan Development Authority, and Rs 1.5 billion for Industrial Estate.

Over Rs 100 billion will be spend on Orange Line and this fund will be a part of Punjab’s development budget which Chinese Eximp bank will provide.

Abolishing tax exemption to telecom sector will also be proposed.