Rs1.67 trillion budget for FY 2016-17 approved

The National Economic Council (NEC) approved on Monday a development budget of Rs1,675 billion for the period of the next fiscal year 2016-17.

The meeting approved Rs800 billion for the federation and Rs875 billion for the provinces.

Prime Minister Nawaz Sharif presided over the meeting via a video-link from the Pakistani High Commission in London, while chief ministers of all four provinces and Gilgit-Baltistan were also present.

He said Pakistan’s future was bright and rapid economic progress will help lay foundations stone for further stability.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>