Latest news with #Rs294
Business Recorder
14-06-2025
- Business
- Business Recorder
KP allocates record Rs547bn under ADP
PESHAWAR: Khyber Pakhtunkhwa government has earmarked a record allocation of Rs547billion under the Annual Development Program for Financial Year 2025-26, showing an increase of more than 40 percent as compared to the last fiscal year. Of the total allocation, Rs195 billion are earmarked for settled districts — reflecting a 21 percent increase from the previous year. For the tribal districts, Rs294 billion are proposed to cover both current expenditures and development work, according to the budget documents. The ADP for financial year 2025-26 includes 1342 ongoing and 810 new development schemes. A sum of Rs7,251.442 million has been allocated to complete 46 schemes in the agriculture department including 28 ongoing and 18 new schemes. KP govt to present Rs2trn budget today However, an amount of Rs1,563.961 million has been set aside to complete 31 schemes in the departments of auqaf, hajj, religious & minority affairs, including 18 Ongoing and 13 new projects. Also, a sum of Rs 1,631.997 million has been allocated to complete 31 schemes in Board of Revenue including 21 ongoing and 11 new projects. Likewise, an amount of Rs45,600 million has been allocated to complete four schemes in district ADP. An amount of Rs10,859.223 million has been earmarked to complete 74 schemes in drinking water and sanitation sector including 50 ongoing and 24 new projects. Under the ADP fiscal year 2025-26, a sum of Rs13,513.127 million has been tagged to complete 96 schemes in elementary and secondary education including 67 ongoing and 29 new schemes. An amount of Rs 4,797.802 million has been earmarked to complete 59 schemes of energy and power department including 41 ongoing and 18 new projects. Similarly, a sum of Rs Rs93.261 million has been set aside to complete 5 schemes in the environment department including three ongoing and two new projects. An amount of Rs1,219.705 million has been allocated to complete 24 projects in establishment and administration departments including 15 ongoing and 9 new projects. Also, a sum of Rs248.181 million has been allocated to complete 12 schemes in excise, taxation and narcotics control department, including five ongoing and seven new projects. An amount of Rs338 million has been allocated to complete 4 ongoing projects in the finance department. For the food department, a sum of Rs338.001 million has been earmarked to complete eight projects including 6 ongoing and two new schemes. An amount of Rs4,239.615 million is tagged to complete 62 projects in the forestry department including 33 ongoing and 29 new projects. A huge chunk of Rs27,240.244 million has been allocated to complete 182 projects in the health department including 89 ongoing and 93 new projects. For higher education, Rs6,274.241 has been allocated to complete 63 projects including 49 ongoing and 14 new projects. For the home department, Rs 6,997.224million has been allocated to complete 46 ongoing and 22 new projects. For the housing department, Rs817.463 million has been earmarked to complete 11 ongoing and five news projects. For the industries department, Rs2,853.865 million has been allocated to complete 18 ongoing and 22 new projects. A sum of Rs81 million has been allocated to complete six projects in the information department including four ongoing and two new projects. For the labour department, Rs210.430 million has been allocated to complete three ongoing and 3 new projects. An amount of Rs6,460.661 million has been allocated to complete 42 projects in the Law and Justice Department, including 32 ongoing and 10 new projects. For Livestock & Dairy Development, an amount of Rs4,078.87 million has been set aside to 23 ongoing and 22 new projects. For the Local Government department, a sum of Rs5,978.676 million has been allocated to complete 13 ongoing and 11 new projects. For the Mines & Minerals development, an amount of Rs290.173 million has been allocated to complete five ongoing and eight new projects. For Multi Sectoral Development, Rs 54,279.801 million has been allocated to complete 71 ongoing and 60 new projects. For the Population Welfare department, Rs 646.27 million has been earmarked to complete four ongoing and four new projects. For the Public Private Partnership, Rs250.000million has been allocated to complete one ongoing scheme. Under the ADP 2025-26, for relief & rehabilitation, a sum of Rs 3,200.214 million has been earmarked to complete 26 schemes including 22 ongoing and four new projects. For the roads and infrastructure development, an amount of Rs 53,641.613million has been allocated to complete 583 schemes including 362 ongoing and 221 new projects. For the royalties & cess development, a sum of Rs6,500.84 million has been allocated to complete 11 projects including four ongoing and seven new projects. An amount of Rs1,548.590 has been earmarked to complete 22 schemes in the Science and Information Technology department, including 15 ongoing and seven new projects in the next financial year. For the social welfare department, an amount of Rs1,785.737 has been allocated to complete 32 schemes including 24 ongoing and eight new projects. For the sports department, a sum of Rs8,883 million has been earmarked to complete 51 schemes including 32 ongoing and 19 new projects. For the tourism development, an amount of Rs4,466.126 million has been set aside to complete 60 projects including 37 ongoing and 23 new projects. An amount of Rs1,285.195 million has been allocated to complete 10 schemes in the transport department including five ongoing and five new projects. For urban development, an amount of Rs44 9,345.238 million has been allocated to complete more than 44 projects including 35 ongoing and 9 new projects. For the water sector, an amount of Rs25,105.204 million has been allocated to complete 220 projects including 151 ongoing and 69 new projects in the upcoming fiscal year. Copyright Business Recorder, 2025
Express Tribune
04-02-2025
- Business
- Express Tribune
Gold maintains momentum, jumps Rs1,900/tola
Listen to article KARACHI: Gold prices in Pakistan surged on Tuesday, reflecting the global trend of rising rates. In the local market, the per tola price of gold jumped by Rs1,900, reaching Rs294,300, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This followed Monday's rise of Rs200 per tola, which had already set a then-all-time high of Rs292,400. Globally, gold prices also experienced an upward trend. According to APGJSA, the international price of gold reached $2,815 per ounce (including a $20 premium) after gaining $16 during the day. "The bullish momentum remains strong," said Adnan Agar, Director of Interactive Commodities. He noted that the international market hit a new all-time high of $2,840 per ounce earlier in the day before settling around $2,828, with a daily low of $2,807. Agar expects a possible correction when prices approach the $2,850-$2,860 range, though for now, the market maintains strong momentum. Over the past few hours, gold prices have increased by nearly $30, with the market hovering around $2,810 earlier in the evening. The key focus is on Friday's employment data, which could determine the market's next movement. The dollar fell 0.5%, making gold less expensive for other currency holders. Meanwhile, the Pakistani rupee saw a slight appreciation against the US dollar, rising by 0.03% in the interbank market on Tuesday. By the end of the trading session, the rupee closed at 278.96, marking an increase of 8 paisa compared to the previous day's closing rate of 279.04, according to the State Bank of Pakistan (SBP). Additionally, the government of Pakistan raised Rs544.63 billion through the auction of Treasury Bills (T-Bills) and Government of Pakistan Ijarah Sukuk (GIS). The SBP secured Rs452 billion in its latest T-Bill auction, surpassing its target of Rs450 billion, with total bids amounting to Rs918 billion. The cut-off yields increased across all tenures, with the 3-month T-Bill yield rising by 21 basis points to 11.7998%, the 6-month yield up by 10 basis points to 11.5048%, and the 12-month yield climbing by 20 basis points to 11.5898%. The Pakistan Stock Exchange raised Rs92.63 billion for the Ministry of Finance through the 18th auction of GOP Ijarah Sukuk held on February 4, 2025. The auction received total bids worth Rs256.62 billion. The fixed rental rate for 3-year and 5-year Sukuks remained unchanged at 11.4990% and 11.9900%, respectively, while no bids were received for the 10-year GIS. The variable rental rate for the 3-year and 5-year Sukuks was 11.1001% (-0.79% from the reference rate) and 11.2301% (-0.66% from the reference rate), respectively.
