business

June 18, 2020

Sindh slashes ADP 25pc to Rs155bln amid pandemic losses

KARACHI: The Sindh government has earmarked Rs155 billion for provincial Annual Development Plan for the fiscal year 2020-21, which is a massive 25 percent lower than Rs208 billion, allocated for the outgoing fiscal year 2019-20, the budget document showed on Wednesday.Presenting the provincial budget 2020-21, Sindh Chief Minister Syed Murad Ali Shah said due to COVID-19 pandemic and a cut in federal transfers the provincial government was compelled to bring down the allocation of development...