Govt announces Rs1tr for Public Sector Development Programme, Rs2.2tr for provincial programmes, and Rs450bn for state-owned enterprises.

Overall development outlay slashed by 25pc to Rs3.218tr; no new projects except for interior, defence ministries; federal PSDP reduced to Rs1tr.

Average inflation expected to be 8.2pc; finance minister says large chunk of budgeted expenditures to be allocated for markup payments.

Average inflation expected to be recorded at 8.2pc; finance minister says most of the budget expenditure to be allocated for markup payment.

Govt announces Rs1tr for Public Sector Development Programme, Rs2.2tr for provincial programmes, and Rs450bn for state-owned enterprises.

Increase comes amid tensions with India, Afghan border concerns.