A communique issued by the Federation Account Allocation Committee (FAAC) confirmed that from the total revenue of N769.523
billion, the Federal Government received N299.799
billion, the states received N190.381
billion, and the local government councils received N143.569
billion.
The BOC also needed to collect P6.7
billion from the tax expenditures fund (TEF) during the second half.
* American Airlines Group Inc.(NASDAQ: AAL) is expected to report quarterly earnings at $1.79 per share on revenue of $11.96
billion.
Punjab government has also proposed Rs22.4
billion for water supply and sanitation, Rs1
billion for social welfare, Rs800 million for women development as well as Rs6.3
billion for local government and community development.
In income from property and enterprise, the government has projected to receive Rs 1
billion from Pakistan Telecom Authority (surplus), Rs 52.7
billion from PTA (3G licences fee), Rs 24.11
billion from provinces mark-up, Rs 124.5
billion as mark up from public sector entities and Rs 66
billion from the dividends during FY2020.
Federal government expenditure would be Rs.7022
billion, including interest payment Rs.2891
billion, Defence Rs.1153 and running of civil government administration Rs431
billion.
Under annual development agenda, the government also released Rs11.61
billion for National Transmission and Despatch Company and Pakistan Electric Power Company for which an amount of Rs33.365
billion was allocated under PSDP 2018-19.
The spending plan presented in Parliament on Tuesday showed that the Jubilee government will spend S50.9
billion in projects under its Big Four Agenda.
Similarly, in the second quarter, Punjab received Rs1.795
billion, Sindh Rs3.477
billion, KP Rs5.368
billion and Balochistan Rs3.65
billion.
- Rs 6.333
billion for Communication Division (other than NHA) against total allocation of Rs13.977
billionKenya Commercial Bank Group KCB), which is the country's top bank with an asset value of Sh713.4
billion invested Sh79.36
billion in government securities in 2018 up from Sh63.51
billion the previous financial year.
Out of these allocations, the government released Rs123.618
billion for National Highway Authority out of total allocation of Rs185.2
billion, whereas Rs 13.613
billion have been released for NTDC and PEPCO for which an amount of Rs33.36
billion was allocated under PSDP 2018-19.