Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Eli Lilly looks beyond obesity drugs with another smart acquisition

June 17, 2025

Greta Thunberg, once unpopular on Chinese social media, rises in esteem over Gaza

June 17, 2025

For whom does Trump govern?

June 17, 2025
Facebook X (Twitter) Instagram
Tuesday, June 17
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Gandapur boasts about KP’s Rs150bn fiscal surplus – Pakistan
Economist Impact

Gandapur boasts about KP’s Rs150bn fiscal surplus – Pakistan

adminBy adminMarch 13, 2025No Comments4 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 45


PESHAWAR: Khyber Pakhtunkhwa Chief Minister Ali Amin Khan Gandapur has said the province’s financial position has improved since he assumed office a year ago, with a surplus of Rs150 billion.

During a late night cabinet meeting here, the chief minister said his government faced serious financial issues during early days and had funds just to cover 15 days of employee salaries, but the situation was different now as it increased revenue without imposing any new taxes, according to an official statement from the Chief Minister’s Secretariat.

The meeting was attended by cabinet members, chief secretary, additional chief secretary, senior member board of revenue, administrative secretaries, and the provincial advocate general.

The chief minister said the province’s current account posted Rs150 billion surplus.

Cabinet okays bill for judicial officers welfare fund

He said without imposing any new taxes, the province had increased its income by 50 per cent, while all allocated funds were released for the annual development schemes.

Mr Gandapur said his government had cleared all frozen funds as well.

He pointed out that the health card scheme was halted but his government not only restarted it.

The chief minister said despite the widening of its coverage, the scheme saved Rs900 million just within a month.

He said that his liabilities valuing Rs87 billion were cleared and KP became the first province to have established a debt retirement fund and reserved Rs30 billion for it.

“As far as new schemes, the first-ever provincial transmission line was taken up at a cost of Rs18 billion to provide cheap electricity to the industrial units,” he said.

The cabinet approved a draft bill for establishing the Khyber Pakhtunkhwa Judicial Officers Welfare Fund aimed at supporting judicial officers in health emergencies, accidents, natural disasters and post-retirement needs.

It also accorded approval to a special grant of Rs667.5 million as payment for 150 kanals of land to Peshawar Development Authority for building the Khyber Pakhtunkhwa Judicial Academy in Regi Model Town, Peshawar.

Relaxing the ban on purchase of vehicles, the cabinet approved a Rs9.93 million additional grant for Peshawar High Court for buying vehicles for the official use of judges. It approved posts of various cadres at the ombudsman secretariat.

The chief minister ordered speedy work on the establishment of a car park near the buildings of the Peshawar High Court and district courts.

The cabinet approved the draft amendment to Sections 2 and 3 (sub-sections 1-4) of the KP (Appointment, Deputation, Posting/Transfer of Teachers, Instructors and Doctors) Regulatory Act, 2011.The amendment substituted the words “union council” with “educational cluster” in the Act.

It approved the draft notification for establishing the Water and Sanitation Services Company in Haripur and a non-ADP scheme of Rs310.696 million for construction of an auditorium at the Abbottabad Public School, Abbottabad.

The cabinet approved release of Rs3.3 million for the Institute of Management Sciences as financial assistance for four students whose startup “Eagle Tasker” was chosen for the global finale for Hult Prize competition in the US.

The participants also allowed the unfreezing of the ADP scheme, titled Establishment of Boys Campus of Model Institute Zamungkor in Peshawar. The scheme is aimed at extension of the institute with a cost of Rs492.76 million. Zamungkor was established in line with the Child Protection and Welfare Act, 2010, in 2016 to cater to the needs of vulnerable and destitute children.

Also, the cabinet approved an annual sustenance fund of Rs10 million for Umeed Special Education School for the current financial year. Currently, 150 students across five categories of disabilities are enrolled in the school.

The cabinet also accorded approval to Rs3.1 million funding for such an education institution of Aisha Foundation as well as the provision of Rs68.51 million funds to enable the province’s sports contingent to participate in the 35th National Games in Karachi.

The participants granted ex-post facto sanction for the selection of a cellular company as centralised bank services provider for disbursement of Ramzan Package to each of the 1,016,394 deserving people across the province.

Published in Dawn, March 13th, 2025



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Impact

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025
Economist Impact

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025
Economist Impact

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025
Economist Impact

Budget lacks steps to cure economic ills, complain industry leaders – Business

June 11, 2025
Economist Impact

Rs200bn relief unveiled in major tariff overhaul – Business

June 11, 2025
Economist Impact

Budget 2025-26: FM Aurangzeb acknowledges pain, calls budget ‘foundation’ for Pakistan’s future – Business

June 11, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Sterling slips versus dollar as inflation print, BoE meeting eyed – Markets

June 17, 2025

Rupee weakens against US dollar – Markets

June 17, 2025

Pakistan’s exporters urge PM to save value-added industry, seek FTR removal, EFS restoration – Business & Finance

June 17, 2025

PM Shehbaz orders Reko Diq to be linked with rail network by 2028 – Business & Finance

June 17, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Eli Lilly looks beyond obesity drugs with another smart acquisition
  • Greta Thunberg, once unpopular on Chinese social media, rises in esteem over Gaza
  • For whom does Trump govern?
  • Investor see stagflation ahead but slow interest rate cuts, CNBC Fed survey finds
  • US retail sales fall by most in 2 years as Trump tariffs distort spending

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Eli Lilly looks beyond obesity drugs with another smart acquisition

June 17, 2025

Greta Thunberg, once unpopular on Chinese social media, rises in esteem over Gaza

June 17, 2025

For whom does Trump govern?

June 17, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.