News | Okay-P CM boasts Rs 100b treasury surplus | The Express Tribune
HomeBusinessOkay-P CM boasts Rs 100b treasury surplus | The Express Tribune

Okay-P CM boasts Rs 100b treasury surplus | The Express Tribune

Justice (Retd) Arshad Hussain Shah. Photo: Express


Acting Chief Minister of Khyber-Pakhtunkhwa Syed Arshad Hussain Shah praised all establishments for overseeing free, honest and peaceable elections within the province. Speaking at a press convention concerning his authorities’s efficiency, he referred to the monetary challenges confronted since taking workplace, highlighting the shortage of a provincial treasury unable to satisfy even wage obligations.

In a notable turnaround, the interim authorities quickly replenished funds, boasting a fiscal surplus of Rs 100 billion, a feat largely because of the gracious help of Prime Minister Anwarul Haq Kakar. Shah proudly introduced a surplus funds of Rs 62 billion, which was achieved with out resorting to borrowing, however with an extra Rs 20 billion secured by way of NFC awards from the federal authorities.

Highlighting the achievements, Shah famous a rise of Rs 20 billion in internet water advantages, which facilitated vital funding in training and growth initiatives. Notably, 33,000 college students have been admitted, ECNEC permitted growth initiatives value Rs 190 billion.

Claiming provincial rights, the federal government secured fuel rights below Article 158 of the Constitution. Shah underlined progress in industrial growth, with investments value Rs 50 billion anticipated from newly established industrial zones, promising employment alternatives for 70,000 individuals.


Uncertainty looms over K-P’s budget

In the training sector, two new medical faculties have been permitted, in addition to a landmark settlement with Google to coach 20,000 KP youth for free of charge. Additionally, negotiations with the British Council to supply scholarships to 10,000 college students have been close to finalization.

Expressing hope for the continuation of the continued initiatives and insurance policies below the brand new provincial authorities, Shah confirmed the approaching appointment of vice-chancellors for public universities on the premise of benefit.

He highlighted the proactive measures taken to advertise the province’s expert workforce, emphasizing the vital choice to extend the capability of the medical school by 3,000 seats. Additionally, plans are underway to increase nursing applications. In explicit, the introduction of quantum computing is a big achievement achieved by the interim authorities.

Under the Khushal Khyber Pakhtunkhwa programme, a number of initiatives have been launched to make sure efficient governance. These embody an austerity marketing campaign, a crackdown on medicine and encroachments, and a tricky stance towards corruption that has delivered concrete outcomes.

Addressing youth welfare, the Chief Minister unveiled a plan to facilitate international employment of about 5 lakh individuals throughout the subsequent yr by way of the Human Resource Export Strategy. Several agreements have been signed with home and worldwide entities to facilitate this effort.

Finally, the Chief Minister thanked the paperwork, police, media and the Army for his or her unwavering help and cooperation.

Published in The Express Tribune, 27 Februaryth2024.

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