Best budget for Punjab's current scenario: Finance Minister.
LAHORE -- Punjab Finance Minister Hashim Jawan Bakhat has said that the provincial government has given the best budget in the current scenario by focusing on the areas hit by the coronavirus while protecting the economy and vulnerable groups.
While addressing post budget press conference at the Chief Minister Secretariat on Tuesday, he said the Punjab government has not compromised the development portfolio despite witnessing reduction in the revenue while Public Private Partnership Authority was established for implementation of the PPP projects.Flanked by Chairman Planning and Development Hamid Yaqoob Sheih, and Secretary Finance Abdullah Sumbal, the minister said the southern loop of the Lahore Ring Road will be completed under PPP project with Rs 10 billion in the fiscal year 2020-21 while the PPP projects were given a five year tax holidays as well. He said the government has given Rs 56 billion tax relief package in the budget, besides giving priority to construction sector to boost 16 attached industries.The minister announced that a new project was introduced in the budget with the name Grow Punjab and a Rs 106 billion package has been allocated to cope with COVID-19 under this head.
The government will review the...
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