Uplift budget cut by 13pc for fy2019-20.

• Position: Brief article

The federal and four provincial governments have proposed nearly Rs1.6 trillion for development spending in next fiscal year, which is lower by Rs227 billion or nearly 13 per cent due to International Monetary Fund-backed fiscal consolidation programme.

The Annual Plan Coordination Committee (APCC) recommended on Thursday Rs1.586-trillion National Development Budget for fiscal year 2019-20 to the National Economic Council. The budgetary allocations for new fiscal year are lowered by Rs227 billion when compared with Rs1.813 trillion original allocations for the...