{"id":66704,"date":"2020-06-16T12:50:15","date_gmt":"2020-06-16T07:50:15","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66704"},"modified":"2020-06-16T12:50:46","modified_gmt":"2020-06-16T07:50:46","slug":"punjab-allocates-pkr-337-bn-to-adp-projects","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/punjab-allocates-pkr-337-bn-to-adp-projects.html","title":{"rendered":"Budget 2020-21: Punjab allocates PKR 337 bn to Annual Development Programme"},"content":{"rendered":"\n<p>Lahore: The Government of Punjab on Monday announced allocating funds worth PKR 337 billion to the Annual Development Programme (ADB) for Fiscal Year (FY) 2020-21 \u2014 specifically geared towards achieving economic progress in wake of the coronavirus pandemic, according to news sources. The said ADB budgetary allocation is reportedly 9.42% higher than that of last year (PKR 308 billion).<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/budget-2020-21-relief-measures-for-real-estate-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">Budget 2020-21: Relief measures announced for real estate, construction sectors<\/a><\/p>\n\n\n\n<p>The provincial budget documents reveal that 29% of these funds will be utilised for the social sector, 23% will be used for infrastructure development, 15% for miscellaneous initiatives, 14% for the special initiatives, 13% for the services sector and 5% for the production sector.<\/p>\n\n\n\n<p>Moreover, 35% of the total ADP this year has been earmarked for the 11 districts of south Punjab \u2018to uplift the living standards of residents of the area as well as to improve the socio-economic indicators\u2019. The government has also allocated PKR 11.86 billion for 1, 348 schemes of water supply and sanitation. Additionally, PKR 2.5 billion have been separately allocated to Punjab Abe-Pak Authority.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/budget-2020-21-funds-earmarked-for-several-mega-projects-in-islamabad.html\" target=\"_blank\" rel=\"noreferrer noopener\">Budget 2020-21: Funds earmarked for several mega projects in Islamabad<\/a><\/p>\n\n\n\n<p>As per reports, the government has also earmarked PKR 47 billion for the Punjab Economic Stimulus Programme which is aimed at facilitating economic growth and battle the health crises \u2014 as anti-COVID-19 measures. Of these funds, PKR 30 billion will be given to small works programmes to provide sustainable livelihood opportunities for citizens. Following that, PKR 8 billion will be given to support skill training initiatives and Micro Small Medium Enterprise (MSME). The remaining PKR 9 billion will be used to develop the Communicable Disease Programme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Government of Punjab on Monday announced allocating funds worth PKR 337 billion to the Annual Development Programme (ADB) for Fiscal Year (FY) 2020-21 \u2014 specifically geared towards achieving economic progress in wake of the coronavirus pandemic, according to news sources. The said ADB budgetary allocation is reportedly 9.42% higher than that of last year (PKR 308 billion). Read: Budget 2020-21: Relief measures announced for real estate, construction sectors The provincial budget documents reveal that 29% of these funds will be utilised for the social sector, 23% will be used for infrastructure development, 15% for miscellaneous initiatives, 14% for the special initiatives, 13% for the services sector and 5% for the production sector. Moreover, 35% of the total ADP this year has been earmarked for the 11 districts of south Punjab \u2018to uplift the living standards of residents of the area as well as to improve the socio-economic indicators\u2019. The government has also allocated PKR 11.86 billion for 1, 348 schemes of water supply and sanitation. Additionally, PKR 2.5 billion have been separately allocated to Punjab Abe-Pak Authority. Read: Budget 2020-21: Funds earmarked for several mega projects in Islamabad As per reports, the government has also earmarked PKR 47&hellip;<\/p>\n","protected":false},"author":75,"featured_media":61600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[31883,31885,31884,31882],"persona":[],"class_list":{"0":"post-66704","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-budget-2020-21-punjab","9":"tag-development-projects-punjab-2020-21","10":"tag-punjab-allocates-pkr-337-bn-to-adp-projects","11":"tag-punjab-budget-2020-21","12":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Punjab allocates PKR 337 bn to ADP projects - Zameen News<\/title>\n<meta name=\"description\" content=\"The provincial budget documents reveal that 29% of these funds will be utilised for the social sector, 23% will be used for infrastructure development\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/punjab-allocates-pkr-337-bn-to-adp-projects.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab allocates PKR 337 bn to ADP projects - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The provincial budget documents reveal that 29% of these funds will be utilised for the social sector, 23% will be used for infrastructure development\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/punjab-allocates-pkr-337-bn-to-adp-projects.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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