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KP govt announces to present tax-free budget on 13th

byCustoms Today Report
07/06/2015
in Business
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PESHAWAR: Khyber Pakhtunkhwa has announced to present the provincial budget for the next financial year on June 13.

Sources said it will be tax free budget, which is expected to have volume of Rs472 billion, in which Rs124 billion will be allocated for development projects. They said that 19 per cent is likely to be increased in education budget next year, whereas 14% for police, 13% for judiciary, 18% for higher education, 51% for social welfare and 90% increase for local bodies. 2,000 employments would be created in education and health departments in new financial year.

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Moreover, new provincial budget would create over 159,000 employments in different institutions for next fiscal year.

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