The 2017-18 Budget to feature a renewed focus on roads

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Ishaq Dar, Finance Minister of Pakistan presented the budget (2017-18)  draft today. While giving out the budget speech, finance minister highlighted the importance of infrastructure in a country’s growth.

Owing to Pakistan’s strategic location, the country offers a gateway of linkage to surrounding countries and a viable option for the flourishing trade. Thus, in the past four years, the government has focussed on the upgradation of Pakistan’s infrastructure. As opposed to last year’s Rs 188 billion allocation for this cause, this year the government has decided to allocate 320 billion rupees for the fiscal year 2017-18.

“It should be noted that past governments used to allocate 51 billion rupees in this department, so for us, this is a big achievement.” Said, Ishaq Dar

The Federal Minister, Ishaq Dar highlighted the following infrastructure (road) projects during his speech.

  • Rs 148 billion have been allocated to Lahore-Abdul Hakim Sector
  • Rs 35 billion have been allocated to Multan-Sukhar Expressway
  • Rs 2.5 billion have been allocated to Sukhar-Haidarabad Expressway.

Following projects are being completed by private contractors:

  • Rs 38 billion to Dera Ismail Khan Expressway
  • Rs 10 billion to Faisalabad-Khanewal Expressway
  • Rs 3 billion to Burhan-Havelian Expressway
  • Rs 2.7 billion to Dera Ismail Khan to Mughal Kot Express Way.

 

Hanan is an avid auto enthusiast with a flair for writing and playing games. He loves traveling, deciphering political maneuvering and exploring the realms of coding & graphic designing.

Notable Replies

  1. Any updates on vehicle taxes? Import duties or local manufacturing taxes revisions?

  2. ..... and literacy rate of the country dropped by 2%. Our priorities are perfect! :neutral_face:

  3. Huge difference in allocated budget

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