Overall development outlay slashed by 25pc to Rs3.218tr; no new projects except for interior, defence ministries; federal PSDP reduced to Rs1tr.
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• Overall development outlay slashed by 25pc to Rs3.218tr
• Federal PSDP reduced to Rs1tr, provincial ADPs to Rs2.218tr
• No new projects except for interior, defence ministries
• PM says strengthening defence is country’s biggest challenge
Only Rs1.13tr allocated to PSDP against Rs4.1tr requirement; minister terms shortfall "new circular debt crisis"; Record…
Rs4.7tr federal, provincial development plans may be revised.
Centre, provinces struggle to reach consensus over fiscal space; KP says demand could push provinces into deficit.
Extra FBR revenue to stay with Centre; "strategic needs" may require Rs1.3-1.7tr.
Overall development outlay cut to Rs837.2bn from Rs1.01tr due to fiscal constraints.
The top five ministries, including energy, defence, interior, cabinet, and national health, accounted for nearly 91 per cent of...
