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    <title>Aaj TV English News - Pakistan</title>
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    <description>Aaj TV English</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Tue, 07 Apr 2026 11:27:21 +0500</pubDate>
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      <title>KP’s budget is realistic, development priorities are clear: Adviser</title>
      <link>https://english.aaj.tv/news/330419548/kps-budget-is-realistic-development-priorities-are-clear-adviser</link>
      <description>&lt;p&gt;&lt;strong&gt;Khyber Pakhtunkhwa Finance Adviser Muzammil Aslam has said that the new provincial budget has set development and financial priorities keeping in mind the ground realities.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Speaking at a post-budget press conference in Peshawar on Saturday, Aslam said that provinces can perform better if the federal government improves its own performance.&lt;/p&gt;
&lt;p&gt;Aslam noted that last year the province faced immense economic pressure as it received Rs90 billion less due to shortfalls in federal tax collection.&lt;/p&gt;
&lt;p&gt;He pointed out that KP’s share of development funds in the federal budget was less than that of Sindh and Punjab.&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Read more&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;&lt;a href="https://english.aaj.tv/news/330419461/kp-govt-presents-rs21-trillion-surplus-budget-for-fy-2025-26"&gt;KP govt presents Rs2.1 trillion surplus budget for FY 2025-26&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;&lt;a href="https://english.aaj.tv/news/330419539/balochistan-budget-to-focus-on-employment-and-public-welfare"&gt;Balochistan budget to focus on employment and public welfare&lt;/a&gt;&lt;/p&gt;
&lt;p&gt;Furthermore, the province never received its full share from the NFC Award and the Annual Development Programme (ADP), he added.&lt;/p&gt;
&lt;p&gt;The adviser said that KP is expected to achieve a revenue target of Rs93 billion during the current fiscal year.&lt;/p&gt;
&lt;p&gt;In 2024, Rs20 billion were spent on Accelerated Implementation Programme (AIP) projects in the tribal districts, while Rs47 billion in current expenditures were borne by the province itself.&lt;/p&gt;
&lt;p&gt;Aslam revealed that KP’s annual development budget has now been increased to Rs153 billion, under which projects worth Rs419 billion have already been completed.&lt;/p&gt;
&lt;p&gt;For the upcoming fiscal year, 810 new development schemes have been included, with a combined estimated cost exceeding Rs500 billion.&lt;/p&gt;
&lt;p&gt;He further stated that no new loans are being acquired in the new fiscal year. However, borrowing may be considered for launching mega projects.&lt;/p&gt;
&lt;p&gt;The government has allocated Rs150 billion for debt servicing, which is currently yielding a daily return of Rs60 million.&lt;/p&gt;
&lt;p&gt;The province expects to generate Rs17 to 18 billion in income from this debt repayment fund next year.&lt;/p&gt;
&lt;p&gt;According to Aslam, the federal government will, for the first time, fully pay KP’s share of Rs70 billion in the next fiscal year.&lt;/p&gt;
&lt;p&gt;Additionally, the province is receiving Rs3 billion monthly from the federal government in hydropower payment.&lt;/p&gt;
&lt;p&gt;He also highlighted that government employees in KP receive around 30 different allowances.&lt;/p&gt;
&lt;p&gt;A 30% disparity allowance has been allocated for employees outside the Secretariat.&lt;/p&gt;
&lt;p&gt;The salaries of KP police have been aligned with those of the Punjab police, with an additional 10% increase announced.&lt;/p&gt;
&lt;p&gt;Muzammil Aslam reaffirmed that the KP government’s priorities remain focused on fiscal discipline, public welfare, and the uplift of underdeveloped areas.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Khyber Pakhtunkhwa Finance Adviser Muzammil Aslam has said that the new provincial budget has set development and financial priorities keeping in mind the ground realities.</strong></p>
<p>Speaking at a post-budget press conference in Peshawar on Saturday, Aslam said that provinces can perform better if the federal government improves its own performance.</p>
<p>Aslam noted that last year the province faced immense economic pressure as it received Rs90 billion less due to shortfalls in federal tax collection.</p>
<p>He pointed out that KP’s share of development funds in the federal budget was less than that of Sindh and Punjab.</p>
<p><strong>Read more</strong></p>
<p><a href="https://english.aaj.tv/news/330419461/kp-govt-presents-rs21-trillion-surplus-budget-for-fy-2025-26">KP govt presents Rs2.1 trillion surplus budget for FY 2025-26</a></p>
<p><a href="https://english.aaj.tv/news/330419539/balochistan-budget-to-focus-on-employment-and-public-welfare">Balochistan budget to focus on employment and public welfare</a></p>
<p>Furthermore, the province never received its full share from the NFC Award and the Annual Development Programme (ADP), he added.</p>
<p>The adviser said that KP is expected to achieve a revenue target of Rs93 billion during the current fiscal year.</p>
<p>In 2024, Rs20 billion were spent on Accelerated Implementation Programme (AIP) projects in the tribal districts, while Rs47 billion in current expenditures were borne by the province itself.</p>
<p>Aslam revealed that KP’s annual development budget has now been increased to Rs153 billion, under which projects worth Rs419 billion have already been completed.</p>
<p>For the upcoming fiscal year, 810 new development schemes have been included, with a combined estimated cost exceeding Rs500 billion.</p>
<p>He further stated that no new loans are being acquired in the new fiscal year. However, borrowing may be considered for launching mega projects.</p>
<p>The government has allocated Rs150 billion for debt servicing, which is currently yielding a daily return of Rs60 million.</p>
<p>The province expects to generate Rs17 to 18 billion in income from this debt repayment fund next year.</p>
<p>According to Aslam, the federal government will, for the first time, fully pay KP’s share of Rs70 billion in the next fiscal year.</p>
<p>Additionally, the province is receiving Rs3 billion monthly from the federal government in hydropower payment.</p>
<p>He also highlighted that government employees in KP receive around 30 different allowances.</p>
<p>A 30% disparity allowance has been allocated for employees outside the Secretariat.</p>
<p>The salaries of KP police have been aligned with those of the Punjab police, with an additional 10% increase announced.</p>
<p>Muzammil Aslam reaffirmed that the KP government’s priorities remain focused on fiscal discipline, public welfare, and the uplift of underdeveloped areas.</p>
]]></content:encoded>
      <category>Pakistan</category>
      <guid>https://english.aaj.tv/news/330419548</guid>
      <pubDate>Sat, 14 Jun 2025 16:08:13 +0500</pubDate>
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