October 2006 News

Rs3.5bn budget for AJK council presented

3 October 2006
The Dawn

Islamabad: Minister in-charge of Azad Jammu and Kashmir Council Secretariat Major (retd) Tahir Iqbal on Tuesday presented Rs3575.499 million budget of the council for the financial year 2006-07 and revised estimates of Rs2492.227 million for 2005-06. The total estimated receipts will include tax revenues of Rs2800 million, non-tax revenues of Rs153.810 million and capital receipts of Rs621.689 million. Presenting the budget in the first session of the council, Mr Iqbal said the council had released Rs76.404 million to make Muzaffarabad-Srinagar truck service and Poonch-Rawalakot bus service operational. “The development expenditure has been estimated at Rs900.000 million and release of 80 per cent share of income tax to the AJK government at Rs2159.469 million.” He said Rs791.148 million had been realized against the target of Rs694 million in spite of the earthquake. He said on the pattern of the Pakistan government, The AJK government had sanctioned 15 per cent dearness allowance in the pay and pension of its employees and had also increased their overtime allowance and conveyance charges. “This will incur an expenditure of Rs13.178 million,” he said. He said the AJK council had proposed adoption of the relief package offered by the finance department of the AJK government to the employees whose houses and vehicles had been destroyed or damaged by last year’s earthquake. The package envisaged the writing off outstanding loans of the council employees and the waiver would cost Rs30.43 million, he informed the session.

 

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