Development budget for next fiscal to exceed Rs1tr
The federal government planned to allocate more that Rs1 trillion in the next year's budget for various development projects, including hundreds of billions of rupees for road infrastructure and water and power projects, and sizeable funds for the promotion of higher education.
According to sources, a meeting of the Annual Plan Coordination Committee (APCC) has been convened on June 2 to finalise the Public Sector Development Programme (PSDP) and the Annual Development Plan (ADP) for fiscal year 2025-26.
The plans will be forwarded to the National Economic Council (NEC) — to be chaired by the prime minister — for their approval this week. After the NEC approval the development schemes will be made part of the federal budget 2025-26 due to be unveiled on June 10.
The total outlay of the development budget is expected to be more than Rs1 trillion, according to the sources.
Under the proposed PSDP, they said that Rs170 billion allocation has been proposed for road construction, Rs140 billion for water projects, and Rs105 billion for the Power Division.
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