NEC expected to approve development portfolio of Rs2.1tr


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ISLAMABAD: Prime Minister (PM) Imran Khan will chair the meeting of the National Economic Council (NEC) today (Monday) to review the development portfolio for the next financial year.

As per the media reports, it is expected that NEC will approve the development portfolio of Rs2.135tr for the upcoming Fiscal Year (FY) 2021-2022.

If approved, the consolidated development budget of the federal and provincial governments will be 61pc more than the allocation of Rs1.324tr of the current fiscal year.

The NEC is also likely to set the GDP growth rate at 4.8pc for the next financial year as compared to the growth rate of 3.94pc of the current year.

For approval, the federal Public Sector Development Programme (PSDP) of Rs900bn for the upcoming FY2021-2022 will also be presented in the meeting.

The Annual Plan Coordination Committee (APCC) has already okayed the PSDP for FY2021-2022.

 

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