by Shah Nawaz Mohal
- Provinces will take loans, grants of Rs195bn, autonomous bodies like WAPDA, PEPCO, NHA will borrow Rs141bn
The government of Pakistan will borrow Rs837 billion in foreign assistance, including loans and grants, from other countries and international organisations like ADB, AIIB, IMF and others.
It is estimated that Public Sector Development Programme (PSDP) will borrow a total of Rs356,634 million, out of which Rs329,824 million will be loans, while Rs26,810 million will come in the form of grants during FY-2017-18. These project loans and grants include federal departments that’ll borrow a total of Rs19,737 million—Rs13,553 in loans and Rs6,183 in grants. Autonomous bodies like WAPDA, PEPCO and NHA will take a total of Rs141,987-138,430 million in loans and Rs3,467 million in grants.
All four provinces will borrow Rs195,000 million for PSDP projects, out of which Rs177,840 million will be loans, while Rs17,159 million will be grants. Punjab will borrow Rs117,100 million, Sindh trails behind with Rs42,741 million, Khyber Pakhtunkhwa and Balochistan will borrow Rs29,146 million and Rs6,011 million, respectively.
Under the head of ‘other loans’ and ‘programme loans’, grants at both federal and provincial level are all set to borrow Rs374,525 million and Rs95,570 million respectively.
Project loans and grants outside Public Sector Development Programme in shape of foreign assistance estimated during budget 2017-18 is Rs11,093 million, of which Rs10,822 will be in shape of loans and Rs270 million will be grants.
WAPDA (Power) will borrow total loans of Rs17,291 million, while PEPCO will have Rs34,989 million in shape of loans from France, International Development Association, Germany, Asian Development Bank and Japan. National Highway Authority will borrow Rs86,150 million from IDB, Japan, China, and Asian Development Bank.
Five top lenders to the government are Islamic Development Bank that will lend Rs164, 599 million, International Development Association from whom the government will borrow Rs102,841 million, China will assist with Rs168,281 million, foreign assistance from Asian Development Bank will be Rs128,435 million and Pakistan will bag Rs105,500 million through Sukuk Bond.
The very simple meaning of budget means that how much u earn in a particular year either in way of rendering serviced, manufacturing goods or both
&
after deductions of Expenditures for that particular period is less than that amount then can claim that we are going to improve the conditions of citizens of that country.
It’s really shame to write here that Pakistan Total Exports in 2013 were around US $ 23.75 Billions which has come down even after 4 years in 2017.
Second how can a country survive on acquiring loan whether internal & external.
Last that unfortunately Pakistan Budget is prepared by CHARTERED ACCOUNTANT ISHAQ DAR
WHILE
IN REST OF THE WORLD IT’S BY AN ECONOMIST.
JUST IMAGINE THAT IN ALL OVER PAKISTAN NEITHER WE HAVE A SURGEON NOR ANY HOSPITAL OF SUCH STANDARD WHERE THE REATMENT OF PRIME MONSTER NAEE BAAZ SHAREER CAN BE DONE.
IS IT ACHIEVEMENTS?
SHAME TO MONSTERS