IslamabadNational

Development budget for next fiscal year to be over Rs 2,000 billion

ISLAMABAD: Federal Minister for Planning Ahsan Iqbal said on Monday that the gross national development budget for the next fiscal year will be over Rs 2,000 billion.

The annual session of the Plan Coordination Committee under Ahsan Iqbal took place today to approve recommendations for the federal and provincial development budget.

In the session, it was agreed upon that the sectors such as energy, infrastructure, human resources, and education will be a priority in the development budget.

Iqbal said that the finance ministry had recommended a development budget of Rs750 billion for the federal sectors, although the National Economic Council recommended the budget to be increased to Rs1,000 billion.

The federal minister said that the overall development budget including that of provinces will be more than Rs2,000 billion.

Iqbal said that it was recommended that the target for economic development should be 6.2 percent for the field of agriculture, which will be increased gradually too.

The economic growth percentage will be raised more than seven percent till 2023, said Iqbal.

Farhan Abro

Hello! My name is Farhan Abro, and I'm based here in Islamabad. My journey in Pakistan's digital media really kicked off when I founded INCPak back in 2012. We built it from the ground up, driven by an entrepreneurial spirit, to be a trusted voice for independent journalism. But while media is a big part of who I am, I'm also shaped by a fascinating mix of other passions. I'm deeply into automotive, which gives me a technical edge, but I also find my artistic expression through landscape photography and music. And I'm always diving into the exciting world of Artificial Intelligence. Bringing all these different worlds together the technical, the creative, the journalistic, and the entrepreneurial—it really colors how I see things and approach every project. It gives me a distinct perspective that I try to bring to everything I share

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