Highlights of KP Budget 2020-21.
PESHAWAR -- The major highlights of Khyber Pakhtunkhwa budget 2020-21 presented by Provincial Minister for Finance Taimur Khan Jhagra here on Friday are below.
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It is a tax-free budget with a total outlay of Rs923billion.
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Rs739.1billion earmarked for settled district.
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Rs183.9 billion for merged areas.
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A huge amount of Rs124billion allocated for health.
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Rs15billion funds allocated for Corona Relief Fund.
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Rs10billion for Sehat Insaf Cards.
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Rs17billion for KP Revenue Authority.
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Abolished Taxes on 200SMEs.
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To increase vehicles registration in KP, entertainment tax has been abolished.
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Sales tax rate on 27 categories has been reduced.
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Restaurants having Sales Software reduced to 5pc.
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Uphold incentives on CVT and stamp duty.
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Tax exemption for many professionals.
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Rs290 million for extension of Rescue1122 to six new districts.
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Interest free loans to 30,000 business entrepreneurs and 10,000 SMEs.
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Rs290 million allocated for establishment of marble city in Buner, digital jobs in KP.
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Rs.1.1 billion would be utilized on uplifting on nonteaching DHQs.
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Rs4 billion for construction of new blocks at Peshawar Institute of Cardiology and Khyber Teaching Hospital.
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Rs900 million would be spent on treatment of poor cancer patients.
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Rs300 million for 200 BHUs.
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Rs200 million allocated for establishment of a medical college Timergara Lower Dir.
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Rs1.1 billion earmarked under KITE program
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Improvement of 26,000 schools, and construction of 300 new schools in the province.
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Rs1.3 billion for construction of 74 Govt colleges.
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Rs1 billion allocated for public sector universities
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Rs500 million for establishment of Pak-Austria Fachashule Institute at Haripur.
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Rs110.6 million for UET Swat.
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Rs800 million allocated for 88MW Gabral Kalam hydropower project.
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Rs600 million for completion of 157MA Maidan hydropower project.
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Rs5.7 billion for rehabilitation of provincial roads.
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Rs4.2billion for dualization of Mardan-Swabi Road.
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Rs3.5 billion earmarked for...
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