business

December 17, 2019

Development spending grows 27pc in July-Oct

ISLAMABAD: Provincial governments have cumulatively spent Rs112 billion on developments during the first four months of the current fiscal year of 2019/20, depicting 27 percent year-on-year growth, finance division said on Monday.Combined development spending of the four provinces amounted to Rs88 billion during the corresponding months of the last fiscal year. “It is incorrect to say that the provincial government has provided the surpluses at the cost of development activities,” the...