PTI Allocates Rs. 1.5 billion for the Naya Pakistan Housing Program

Pakistan Tehreek e Insaf (PTI) has allocated Rs.1.5 billion in the budget for the New Pakistan Housing Scheme.

Baaghi TV Report: The PTI government has allocated Rs.1.5 billion in the budget for the New Pakistan Housing Scheme.

If the construction of houses continues with this “rapid pace”, then in just 6,666 years, the PTI government will be able to build five million houses.

A budget meeting of the National Assembly was held under the chairmanship of Speaker Asad Qaiser in which Prime Minister Imran Khan also participated. Federal Minister for Industries and Production Hamad Azhar presented a budget of Rs.71.30 trillion for the next financial year 2020-2021 which is 11% less than the previous financial year.

Hamad Azhar said that the current account deficit has reduced by 73% during the current financial year. The PTI government has reduced the trade deficit by 31%. The trade deficit has been reduced by 21% in 9 months; the trade deficit has decreased from 21 billion to 15 billion. FBR’s revenue has increased by 15%.

The total volume of the budget has been kept at Rs.71.30 trillion; the total revenue has been estimated at Rs.63.14 trillion; the revenue has been estimated at Rs.36.99 billion; development expenditure has been estimated at Rs.70 billion in the budget.

Institutions were reformed, privatized where necessary. Pakistani products in the name of Made in Pakistan were introduced in the world markets. Refunds of Rs.254 billion were issued to the business community, pension system was reformed, 35 institutions have been recommended to get merged with other institutions, reforms have been made to restructure the management structure of Ehsas. 820,000 fake people have been removed from Ehsas program.

Steps have been taken to develop business and industry. Pakistan was put on the gray list in June 2018. Pakistan ranked 108th out of 190 countries in the Ease of Doing Index. The task force recommended privatization of 43 enterprises and reforms in 8 of them. In the Easy Business Index, Pakistan improved from 136 to 108.

Stay tuned to Baaghi TV for the latest news and updates!