Islamabad: National Economic Council (NEC) meeting has decided to close shops and markets all across the country at 8 pm.
Prime Minister Shahbaz Sharif has presided the NEC meeting today wherein it was decided that the shops and markets be closed countrywide at 8 pm night sharp.
The federal government in its breifing to the NEC over energy saving projects apprised that the the energy saving project has been formed to save annually Rs 1000 billion.
On other hand, the federal government has demanded the province to implement the energy saving project.
The NEC proposed the Annual Development Plan (ADP) for the upcoming fiscal year (2023-24) with a total outlay of Rs2.709 trillion.
Prime Minister Muhammad Shehbaz Sharif chairs meeting of the National Economic Council in Islamabad. pic.twitter.com/UJZXBdMzKZ
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“The total national outlay [Rs2,709 billion] contains the development budget of Punjab and Khyber Pakhtunkhwa for only four months [due to caretaker set up in the province), but if their full budget is included in the ADP, it will exceed the figure of Rs 3 trillion,” Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal said in the post-NEC meeting media talk.
Under the ADP, the minister said the federal government would spend Rs1,150 billion under the Public Sector Development Programme (PSDP 2023-24) and the provinces would allocate Rs1,559 billion to execute different development projects.
He said Rs1,150 billion under the PSDP were the highest-ever allocation made in the history of the country, terming it a ‘milestone achievement’ of the incumbent government despite severe financial challenges.
