PESHAWAR – The Khyber Pakhtunkhwa (KP) government employees will get 10 percent pay raise in the budget 2017-18.
Finance Minister of Khyber Pakhtunkhwa, Muzafar Syed advocate announced Rs 603 billion budget.
While announcing the budget Muzafar told that the KP employees and pensioners of the government will get a 10 percent increase in pay and pension. and merge
Mr Said also announced the merge adhoc relief of 2010 in the basic pay.
He said the province will receive Rs 326 billion from the federal divisible pool which is 11 percent more than the amount received in the outgoing fiscal year.
The province will also get more than Rs 39 billion from the federal government for the war on terror. This is also 11 percent more that the amount received in the financial year 2016-17.
It will get over Rs 24 billion as royalty of oil and gas reflecting 43 percent increase as compared to the amount received in the outgoing fiscal year.
Muzafar Said advocate said that Khyber Pakhtunkhwa will get 20.78 billion as net profit of electricity and fifteen billion rupees as arrears of the net profit.
The province’s own receipts have been estimated at Rs 45.2 billion.
The minister said two Rs 208 billion have been allocated for the Annual Development Program showing an increase of 29 percent as compare to the ADP of the outgoing fiscal year.
Rs 127 billion have been earmarked for the promotion of education. Over 400 new primary schools will be opened across the province besides recruitment of 14,000 teachers.