FEDERAL BUDGET

2 0 2 4 - 2 5

GOVERNMENT OF PAKISTAN
FINANCE DIVISION
ISLAMABAD
 PREFACE

Budget in Brief presents a summary of the Federal Budget for FY2024-25. It

offers a snapshot of revenues and expenditure, the fiscal deficit target and the
corresponding financing plan of the Federal Government from domestic and external
sources. Moving on to greater detail, the document provides a breakdown of tax and
non-tax receipts, and the projected share of provinces under the NFC Award. Details
are also available on estimated expenditures for FY2024-25, with a functional
classification of expenditures as well. The last segment of the Budget in Brief covers
the Public Sector Development Program (PSDP).

The document is accessible on Finance Division's website

(www.finance.gov.pk). The FY2024-25 budget is available in greater detail in other
budget documents published by Finance Division.

Finance Division Imdad Ullah Bosal

Islamabad, the 12th June, 2024 Secretary to the Government of Pakistan
 C O NT ENT S

Part-I Page
Key Priorities of the Federal Gov ernment for FY 2024-25 2
The Budget Strategy for FY 2024-25 2
Main Obj ectiv es of FY 2024-25 Budget 3

Part-II

Table - 1: Budget 2024-25 at a Glance 5

Table - 2: Fiscal Def icit & Financing in Budget 2024-25 6
Table - 3: BE & RE of FY 2023-24 and BE of FY 2024-25 7

Part-III
(DETAILED BUDGET ESTIMATES)
Table - 4: Rev enue Receipts 9
Table - 5: Non Tax Rev enue Receipts 9-10
Table - 6: Details of Div isible Pool Taxes (Transf ers to Prov inces) 11-13
Table - 7: Capital Receipts (Net) 14
Table - 8: Public Account (Net) 15
Table - 9: External Resources 15
Table - 10: Current Expenditure 16
Table - 11: Function Wise Expenditure 17
(1) General Public Serv ice 17-18
(2) Def ence Af f airs and Serv ices 18
(3) Public Order and Saf ety Af f airs 18
(4) Economic Af f airs 19
(5) Env ironment Protection 19
(6) Housing and Community Amenities 20
(7) Health Af f airs and Serv ices 20
(8) Recreation, Culture and Religion 21
(9) Education Af f airs and Serv ices 21
(10) Social Protection 22
Table - 12: Subsidies 23-24
Table - 13: Grants and Transf ers 25-29
Table - 14: Current Loan and Adv ances 30
Table - 15: Current Inv estments 31
Table - 16: Dev elopment Loan and Adv ances 31
Table - 17: PSDP 2024-25 32-34
Table - 18: Climate, Gender and Disaster 35
 1

PART - I
 2

Key Priorities of the Federal Government for FY 2024-25

Budget f or FY 2024-25 has its f oundations on the key macro-economic and f iscal
priorities of the Gov ernment. While progress on the economic f ront has been steady in recent
y ears, the stage is now set f or the country to gear itself towards an era of sustained and
inclusiv e growth with ref orms across all sectors of the economy . Fiscal discipline and right
sizing, reducing the f ootprint of the gov ernment through priv atization, stimulating inv estments,
reorienting the productiv e sector towards exports, optimal rev enue mobilization with a broader
tax base, correcting energy sector imbalances and a better targeted welf are sy stem are some
of the areas where the Gov ernment is determined to keep its f ocus going f orward.

The Gov ernment has set challenging rev enue targets f or FY 2024-25. This
commensurate with the ongoing ref orms at the Federal Board of Rev enue where end-to-end
digitization is on the cards. Use of AI will supplement this initiativ e as FBR automates its
processes. A compliance risk management sy stem is also being introduced to ensure
compliance to tax laws. On the expenditure side, non-essential spending has been curtailed
under austerity measures and SOEs are being rev amped f or improv ed management and
gov ernance. Going f orward, this will create the necessary f iscal space f or enhanced pro-poor
spending, climate change mitigation, and prov ision of quality public serv ices. PSDP has been
allocated Rs. 1,400 billion, a historically high f igure, to ensure dev elopment work on energy and
water sector projects, projects in the IT sector, and f or the special areas of AJK, GB and the
merged districts of Khy ber Pakhtunkhawa.

The Budget Strategy for FY 2024-25

FY 2024-25 budget is anchored in principles of sound f iscal and debt management.

It prov ides a pathway f or economic rev iv al and stability , outlining strategic directions f or
Gov ernment rev enue generation and spending priorities. It lay s the groundwork f or addressing
f iscal def icits and reducing inf lationary pressures in the short to medium term. Fiscal
consolidation, strengthening the country 's external accounts, and improv ing the balance of
pay ments position are central f eatures of the FY 2024-25 budget.
 3

Main Objectives of FY 2024-25 Budget

1. Economic stability and growth through f iscal consolidation and ef f icient use of public
money .

2. Bringing public debt to GDP ratio to sustainable lev els.

3. Prioritizing improv ements in the country 's balance of pay ments position.

4. Strengthening policy f ramework f or rev italizing the priv ate sector, f ostering
entrepreneurship, encouraging inv estment, and promoting innov ation to stimulate economic
growth.

5. Supporting v ulnerable section of society through pro poor initiativ es.

6. Improv ing serv ice deliv ery /public good by f unneling more f unds into PSDP, introducing
sector specif ic ref orms and encouraging innov ation.

7. Education and skill dev elopment of y outh.

8. Integrating green and gender responsiv e budgeting into public f inance management.
 4

PART - II
 5

Table - 1
Budget 2024-25 at a Glance

Table-1 presents position of overall Resources and Expenditure for the FY 2024-25.

(Rs. in Billion)
RESOURCES EXPENDITURE
Tax Revenue (FBR) - Federal A. Current 17,203
12,970
Consolidated Fund Interest Payments 9,775
Pension 1,014
Non-Tax Revenue 4,845
Defence Affairs & Services 2,122
Grants and Transfers to
a) Gross Revenue Receipts 17,815 1,777
Provinces & Others
b) Less Provincial Share 7,438 Subsidies 1,363
I. Net Revenue Receipts (a-b) 10,377 Running of Civil Govt. 839

II. Non Bank Borrowing (NSSs & 2,662

Others) - Public Account Provision for Emergency 313
and others
III. Net External Receipts - Fed. 666
Consolidated Fund

IV. Bank Borrowing (T-Bills, 5,142

PIBs, Sukuk) - Fed. B. Development & Net Lending 1,674
Consolidated Fund
Federal PSDP 1,400
V. Privatization Proceeds - Fed. 30
Consolidated Fund Net Lending 274

Total (II + III + IV + V) 8,500

TOTAL RESOURCES (I to V) 18,877 TOTAL EXPENDITURE(A+B) 18,877

 6

Table - 2
Fiscal Deficit & Financing of Budget 2024-25

Table-2 shows Fiscal Deficit and Financing for FY 2024-25.

(Rs. in Billion)
Fiscal Deficit Financing

A) Federal Revenue (Net) 10,377 A) Net External Financing 666

B) Total Federal 18,877 Multilateral & Bilateral Sources (10)

Expenditure (i+ii)
Commercial & Euro Bond 676
i) Current Expenditure 17,203

ii) Dev elopment and Net 1,674

Lending (a+b) B) Net Domestic Financing 7,803

National Sav ing Schemes, 120

a) Federal PSDP 1,400 GP Fund and Deposit &
Reserv es

b) Net Lending 274 Bank (Gov t. Securities) 7,683

C) Privatization Proceeds 30

C) Federal Deficit (A-B) -8,500 Total Financing (A+B+C) 8,500

 7

Table - 3
BE & RE of FY 2023-24 and BE of FY 2024-25

Table-3 presents important percentages of Budget & Revised Estimates of FY 2023-24

and Budget Estimates of FY 2024-25.

(Rs. in Billion)
Budget Revised Budget
2023-24 2023-24 2024-25

Revenue Receipt (FBR) 9,415 9,252 12,970

Non Tax Revenue 2,963 2,947 4,845

Gross Revenue (FBR+NTR) 12,378 12,199 17,815

Less: Transfer to Provinces (-) (5,399) (5,427) (7,438)

Net Revenue for Federal

6,979 6,772 10,377
Government

Expenditure 14,485 15,160 18,877

Federal Budget Deficit (7,506) (8,388) (8,500)

Provincial Surplus 600 539 1,217

Overall Fiscal Deficit (6,906) (7,849) (7,283)

Overall Fiscal Deficit as %GDP -6.5% -7.4% -5.9%

Primary Deficit 397 402 2,492

Primary Deficit as %GDP 0.38% 0.4% 2.0%

Nominal GDP 105,817 106,045 124,150

 8

PART - III

DETAILED BUDGET ESTIMATES

Budget Estimates 2023-24
Revised Estimates 2023-24
Budget Estimates 2024-25
 9

TABLE - 4

REVENUE RECEIPTS

Table-4 presents the detail of Revenues collected by FBR as given in

Table-1, Part-II.
(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

FBR TAXES (I + II) 9,415,000 9,252,000 12,970,000

I. Direct Taxes 4,255,000 3,721,000 5,512,000

- Income Tax 4,203,531 3,681,888 5,454,062

- Capital Value Tax 925 10,573 15,662
- Workers Welf are Fund 15,666 11,231 16,637

- Workers' Prof it Participation Fund 34,878 17,308 25,639

II. Indirect Taxes 5,160,000 5,531,000 7,458,000

- Customs Duties 1,211,000 1,324,000 1,591,000

- Sales Tax 3,411,000 3,607,000 4,919,000

- Federal Excise 538,000 600,000 948,000

TABLE - 5

NON TAX REVENUE RECEIPTS

Table-5 shows the Non Tax Revenues details realized by the other
government functionaries.
(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

A. LEVIES & FEES 29,433 20,877 24,809

- Mobile Handset Lev y 10,000 8,000 10,000

- Fee collected by ICT Administration 19,380 12,824 14,756

- Airport Fee 53 53 53

B. INCOME FROM PROPERTY & 398,054 517,642 477,117

ENTERPRISE
- Pakistan Telecom Authority (Surplus) 1,628 2,802 1,200
- PTA (4G Licences) 72,597 30,941 32,612
- Regulatory Authorities (Surplus/ 7,203 1,168 10,036
Penalties)
 10

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

- Mark up (Prov inces) 77,201 89,737 96,353

- Mark up (PSEs & Others) 118,000 300,000 198,000

- Div idends 121,425 92,994 138,915
C. RECEIPTS FROM CIVIL 1,168,492 1,015,704 2,555,738
ADMINISTRATION AND OTHER
FUNCTIONS

- General Administration 7,613 4,594 4,846

- SBP Prof it 1,113,000 972,183 2,500,000
- Def ence 41,256 31,189 42,427
- Law and Order 2,016 2,124 1,954
- Community Serv ices 2,629 3,892 4,586
- Social Serv ices 1,977 1,723 1,925

D. MISCELLANEOUS RECEIPTS 1,367,185 1,393,627 1,787,751

- Economic Serv ices 15,806 13,116 16,916

- Foreign Grants 25,000 6,000 15,000
- Petroleum Lev y 869,000 960,000 1,281,000
- Natural Gas Dev elopment Surcharge 40,000 27,169 25,618
- Citizenship, Naturalization & Passport 59,004 59,004 75,005
Fee
- Roy alty on Crude Oil 50,000 57,917 58,654
- Roy alty on Natural Gas 75,000 93,567 103,751
- Discount Retained on Local Crude Price 20,000 25,000 25,000

- Windf all Lev y against Crude Oil 35,000 28,000 28,000

- Gas Inf rastructure Dev elopment Cess 40,000 2,500 2,500
(GIDC)

- Petroleum Levy on LPG 12,000 3,516 3,537

- Wingfall Levy on Gas - 220 400
- Extraordinary Receipts (UNO) 58,322 37,200 46,000
- Extraordinary Receipts (Others) 2,647 4,755 5,854
- Other Receipts 65,405 75,662 100,516

Total (A +B+C+D) 2,963,164 2,947,850 4,845,415

 11

Distribution of Resources Among Federation and Prov inces

1. Pakistan is a Federal democracy . In order to maintain inter-gov ernmental f iscal

relationship, Article 160 of the Constitution prov ides f or setting up of a National Finance
Commission (NFC) with interv als not exceeding f iv e y ears. The mandate of NFC is to
make recommendations to the President f or the distribution of resources between the
Federal and Prov incial Gov ernments. The recommendations of the NFC are giv en legal
cov er through a President's Order No. 5 of 2010. The relev ant prov isions of President's
Order No. 5 of 2010 as amended v ide No. 6 of 2015 are as under:

(i) Distribution of Revenues.—(1) The div isible pool taxes in each y ear shall consist
of the f ollowing taxes lev ied and collected by the Federal Gov ernment in that y ear,
namely :─

(a) taxes on income;

(b) wealth tax;

(c) capital v alue tax;

(d) taxes on the sales and purchases of goods imported, exported, produced,
manuf actured or consumed;
(e) export duties on cotton;

(f ) customs duties;

(g) f ederal excise duties excluding the excise duty on gas charged at well-head;
and

(h) any other tax which may be lev ied by the Federal Gov ernment.

(2) One percent of the net proceeds of div isible pool taxes shall be assigned to
Gov ernment of Khy ber Pakhtunkhwa to meet the expenses on war on terror.

(3) Af ter deducting the amounts as prescribed in clause (2), of the balance amount of
the net proceeds of div isible pool taxes, f if ty -six percent shall be assigned to prov inces
during the f inancial y ear 2010-11 and f if ty -sev en and half percent f rom the f inancial y ear
2011-12 onwards. The share of the Federal Gov ernment in the net proceeds of div isible pool
shall be f orty -f our percent during the f inancial y ear 2010-11 and f orty -two and half percent
f rom the f inancial y ear 2011-12 onwards.

(ii) Allocation of shares to the Provincial Governments.—(1) The Prov ince-wise

ratios giv en in clause (2) are based on multiple indicators. The indicators and their
respectiv e weights as agreed upon are:—

(a) Population 82.0%

(b) Pov erty or backwardness 10.3%
(c) Rev enue collection or generation 5.0%
(d) Inv erse population density 2.7%
 12

(2) The sum assigned to the Prov incial Gov ernments under Article 3 shall be

distributed amongst the Prov inces on the basis of the percentage specif ied against each:─

(a) Balochistan 9.09%

(b) Khy ber Pakhtunkhwa 14.62%
(c) Sindh 24.55%
(d) Punjab 51.74%
Total: 100.00%

(3) The Federal Gov ernment shall guarantee that Balochistan prov ince shall receiv e
the projected sum of eighty -three billion rupees f rom the prov incial share in the net
proceeds of div isible pool taxes in the f irst y ear of the Award. Any shortf all in this amount
shall be made up by the Federal Gov ernment f rom its own resources. This arrangement f or
Balochistan shall remain protected throughout the remaining f our y ears of the Award based
on annual budgetary projections.

(iii) Payment of net proceeds of royalty on crude oil.─Each of the prov inces shall

be paid in each f inancial y ear as a share in the net proceeds of the total roy alties on crude

oil an amount which bears to the total net proceeds the same proportion as the production of

crude oil in the Prov ince in that y ear bears to the total production of crude oil.

(iv) Payment of net proceeds of development surcharge on natural gas to the

Provinces.─(1) Each of the Prov inces shall be paid in each f inancial y ear as a share in the
net proceeds to be worked out based on av erage rate per MMBTU of the respectiv e
prov ince. The av erage rate per MMBTU shall be deriv ed by notionally clubbing both the
roy alty on natural gas and dev elopment surcharge on Gas. Roy alty on natural gas shall be
distributed in accordance with clause (1) of Article 161 of the Constitution whereas the
dev elopment surcharge on natural gas would be distributed by making adjustments based on
this av erage rate.

(2) The dev elopment surcharge on natural gas f or Balochistan with ef f ect f rom 1st
July 2002, shall be re-worked out hy pothetically on the basis of the f ormula giv en in
clause (1) and the amount, subject to maximum of ten billion rupees, shall be paid in f iv e
y ears in f iv e equal installments by the Federal Gov ernment as grants to be charged on the
Federal Consolidated Fund.

(v) Grants-in-Aid to the Provinces.―There shall be charged upon the Federal

Consolidated Fund each y ear, as grants-in-aid of the rev enues of the prov ince of Sindh an

amount equiv alent to 0.66% of the prov incial share in the net proceeds of div isible pool as a

compensation f or the losses on account of abolition of octroi and zilla tax.

 13

(vi) Sales tax on services.—NFC recognizes that sales tax on serv ices is a
Prov incial subject under the Constitution of the Islamic Republic of Pakistan, and may be
collected by respectiv e Prov inces, if they so desired.

(vii) The President has constituted 10th NFC on 21st July , 2020 f or consideration on
distribution of resources af resh.

Detail of Prov incial share of Federal Taxes f or budget estimates and

rev ised estimates of 2023-24 and budget estimates of 2024-25 are giv en below:-

TABLE - 6
DETAILS OF DIVISIBLE POOL TAXES
(TRANSFERS TO PROVINCES)
(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

A. DIVISIBLE POOL TAXES 5,266,443 5,247,651 7,242,824

- Income Tax 2,358,873 2,116,531 3,055,981

- Capital Value Tax 530 5,569 8,981

- Sales Tax (Excluding GST on Services) 1,920,805 2,050,054 2,786,341

- Federal Excise (Excluding Excise Duty on Natural Gas) 300,323 336,281 536,897

- Customs Duties (Excluding Export Dev. Surcharge) 685,911 739,215 854,624

B. STRAIGHT TRANSFERS 132,559 178,724 195,176

- Gas Dev elopment Surcharge 13,720 26,460 24,500

- Roy alty on Natural Gas 62,552 88,215 101,676

- Roy alty on Crude Oil 42,277 56,759 57,481

- Excise Duty on Natural Gas 14,009 7,290 11,519

TOTAL (A + B): 5,399,001 5,426,374 7,438,000

PROVINCE- WISE SHARE

Punjab 2,663,892 2,676,492 3,695,076

Sindh 1,345,377 1,361,747 1,853,831

Khy ber Pakhtunkhwa (Inclusive 1% War on 895,145 894,427 1,221,535
Terror)

Balochistan 494,587 493,709 667,557

TOTAL PROVINCIAL SHARE: 5,399,001 5,426,374 7,438,000

 14

TABLE - 7
CAPITAL RECEIPTS (NET)

Table-7 explains Capital Receipts (Net) and their sources. It comprises of

Net Lending of PSEs, (Table-1) which is the difference between disbursement
minus recovery of loans by PSEs (Others).

The second part shown at Sr. No.II of this table relates to the Non Bank
Borrowing as indicated at Sr. No.II of Table-1 of Part-II.

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25
TOTAL CAPITAL RECEIPTS (I + II) 2,531,119 2,801,503 3,034,379

I. Recoveries of Loans & Advances 632,200 393,541 491,999

- Prov inces 621,700 269,493 479,999
- PSEs and Others 10,500 124,048 12,000
II. CAPITAL RECEIPTS 1,898,919 2,407,962 2,542,380
Public Debt Net (1 + 2) 1,898,919 2,407,962 2,542,380
1. Permanent Debt 1,699,309 1,846,068 2,540,205
- Pakistan Inv estment Bonds 244,802 237,033 204,686
- Ijara Sukuk Bonds 1,431,570 1,614,302 2,313,469
- Foreign Exchange Bearer (5) (0.5) (5)
Certif icates (FEBCs)
- Foreign Currency Bearer (5) (1) (5)
Certif icates (FCBCs)
- U.S. Dollar Bearer Certif icates (3) (0.1) (3)
- Special US Dollar Bonds (50) (40) (50)
- Premium Prize Bonds (Regd.) 25,000 (1,000) 25,000
- Pakistan Banao Certif icate (3 (694) (588) -
Y ears)
- Pakistan Banao Certif icate (5 (651) (2,882) (2,888)
Y ears)
- Foreign Assets (Declaration and (654) (754) -
Repatriation) Act, 2018
- Denominated Domestic Loan - - -
2. Floating Debt
199,610 561,894 2,176
- Prize Bonds 10,610 2,347 2,176
- Treasury Bills Auction 189,000 559,547 -
- Gov t. Bai-Muajjal Ijara Sukuk -
CAPITAL RECEIPTS (I + II ): 2,531,119 2,801,503 3,034,379
 15

TABLE - 8
PUBLIC ACCOUNT (NET)

Table-8 indicates the position of Public Account of Federation (Net):

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

1 National Sav ings Schemes (13,131) (127,354) 79,755

2 G.P. Fund (25,265) (32,800) (26,720)

3 Deposits and Reserv es (Net ) 45,606 65,582 67,197

TOTAL: 7,210 (94,572) 120,232

TABLE - 9
EXTERNAL RESOURCES

Table-9 indicates the details of Net External Receipts and shows details
of inflow minus repayments.

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

External Receipts 7,169,136 5,053,335 5,685,801

Foreign Loans and Repayment (-) 4,398,068 2,382,222 4,989,963

Repayment of Short Term Credits (-) 46,690 47,875 29,500

EXTERNAL RESOURCES (Net): 2,724,378 2,623,238 666,338

 16

TABLE - 10

CURRENT EXPENDITURE*

Table-10 contains Current Expenditure, already given at A in Table-1, in

summarized form.

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

(i) Mark-up Payment 7,302,524 8,251,000 9,775,000

- Mark-up on Domestic Debt 6,430,305 7,211,167 8,736,398
- Mark-up on Foreign Debt 872,219 1,039,833 1,038,602

(ii) Pension 801,000 821,000 1,014,000

- Military 563,000 583,000 662,000
- Civ il 228,000 228,000 220,000
- Federal Pension Fund 10,000 10,000 10,000
- Pension Increase - - 122,000
(Civ il+Def ence)

(iii) Defence Affairs and Services 1,804,000 1,854,000 2,122,000

- Def ence Serv ices 1,804,000 1,854,000 2,122,000

(iv) Grants and Transfers 1,408,638 1,482,000 1,776,672

- Grants to Prov inces 92,400 99,989 113,000
- Grants to Others 1,316,238 1,382,010 1,663,672

(v) Subsidies 1,064,275 1,071,000 1,363,412

(vi) Running of Civil Government 713,959 753,000 839,000

(vii) Provision for Emergency and 250,000 - 313,000

others (of which Rs. 15 billion is provision
for natural disasters triggered by natural
hazards FY 2024-25)

CURRENT EXPENDITURE (i to vii) 13,344,395 14,232,000 17,203,391

*RE 2023-24 as of 24th May, 2024.

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TABLE - 11
FUNCTION WISE CURRENT EXPENDITURE

Table-11 shows details of Current expenditure which is div ided into Ten (10) f unctional
items as per Charts of Accounts i.e. how much is utilized of the Gov ernment.

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

1) General Public Serv ice 10,444,266 11,219,999 13,640,239

2) Def ence Af f airs and Serv ices 1,809,467 1,859,313 2,128,781
3) Public Order and Saf ety Af f airs 237,215 253,498 283,051
4) Economic Af f airs 210,835 261,642 357,735
5) Env ironment Protection 1,226 1,142 7,252
6) Housing and Community Amenities 22,986 6,414 27,917
7) Health Af f airs & Serv ices 24,210 27,789 28,171
8) Recreation, Culture and Religion 16,782 18,252 18,466
9) Education Af f airs and Serv ices 97,098 103,684 103,781
10) Social Protection 480,309 480,267 607,997

TOTAL: 13,344,395 14,232,000 17,203,391

The detail of Expenditure under abov e Ten Functions (10 Tables) are as under:-

(1) GENERAL PUBLIC SERVICE

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

GENERAL PUBLIC SERVICE 10,444,266 11,219,999 13,640,239

Executive & Legislative Organs, Financial, 9,225,235 9,737,838 12,070,465

Fiscal Affairs & External Affairs
- Superannuation Allowances & Pensions 801,000 821,000 1,014,000
- Serv icing of Foreign Debt 872,219 1,039,833 1,038,602
- Serv icing of Domestic Debt 6,430,305 7,211,167 8,736,398
- Others 1,121,711 665,838 1,281,465
Foreign Economic Aid 4,399 4,399 9,032
Transfers 1,133,905 1,356,691 1,456,094

Contd….
 18

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25
General Services 23,328 30,800 31,712
Basic Research 8,784 8,444 10,035
Research and Development General
24,716 25,168 28,261
Public Services
Administration of General Public Services 7,786 39,404 9,635
General Public Services not elsewhere
16,113 17,255 25,005
defined

(2) DEFENCE AFFAIRS AND SERVICES

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

DEFENCE AFFAIRS AND SERVICES 1,809,467 1,859,313 2,128,781

- Defence Administration 5,467 5,312 6,781

- Defence Services 1,804,000 1,854,000 2,122,000

- Employ ees Related Expenses 705,054 734,614 815,186

- Operating Expenses 442,232 451,332 513,328

- Phy sical Assets 461,195 464,078 548,612

- Civ il Works 195,520 203,976 244,874

(3) PUBLIC ORDER AND SAFETY AFFAIRS

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25
PUBLIC ORDER AND SAFETY AFFAIRS 237,215 253,498 283,051

- Law Courts 11,708 11,325 13,601

- Police and Civ il Armed Forces 214,055 234,890 255,305

- Fire Protection 338 381 491

- Prison Administration and Operation 50 64 108

- R & D Public Order and Saf ety 60 65 70

- Administration of Public Order 11,004 6,773 13,477

 19

(4) ECONOMIC AFFAIRS

(Rs in Million)
Budget Revised Budget
Classification
2022-23 2022-23 2023-24

ECONOMIC AFFAIRS 210,835 261,642 357,735

- General Economic, Commercial and

53,038 87,180 204,400
Labour Af f airs

- Agriculture, Food, Irrigation, Forestry

32,704 39,426 24,661
and Fishing

- Fuel and Energy 51,943 51,851 19,650

- Mining and Manuf acturing 2,884 3,089 9,503

- Construction and Transport 40,513 40,265 45,877

- Communications 26,811 37,153 51,510

- Other Industries 1,741 1,893 1,347

- Research & Dev elopment Economic

1,200 786 785
Af f airs

(5) ENVIRONMENT PROTECTION

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2023-24

ENVIRONMENT PROTECTION 1,226 1,142 7,252

Pollution Abatement 200 200 6,290

Research & Dev elopment Env ironment 300 220 -

Administration of Env ironment Protection 726 722 962

(Waste Water Management)
 20

(6) HOUSING AND COMMUNITY AMENITIES

(Rs in Million)
Budget Revised Budget
Classification
2022-23 2022-23 2023-24
HOUSING AND COMMUNITY AMENITIES 22,986 6,414 27,917
Housing Dev elopment 1,001 536 1,564

Community Dev elopment 21,985 5,878 26,353

(7) HEALTH AFFAIRS AND SERVICES

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

HEALTH AFFAIRS AND SERVICES 24,210 27,789 28,171

- Medical Products, Appliances and 32 71 32

Equipment

- Hospital Serv ices 16,567 20,069 21,683

- Public Health Serv ices 3,110 4,618 1,110

- Health Administration 4,501 3,031 5,346

 21

(8) RECREATION, CULTURE AND RELIGION

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

RECREATION, CULTURE AND RELIGION 16,782 18,252 18,466

- Recreation and Sporting Serv ices 200 200 400

- Cultural Serv ices 1,433 1,544 1,244

- Broadcasting and Publishing 11,120 13,701 12,404

- Religious Af f airs 1,780 1,782 1,861

- Administration of Inf ormation,

2,249 1,024 2,556
Recreation & Culture

(9) EDUCATION AFFAIRS AND SERVICES

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

EDUCATION AFFAIRS AND SERVICES 97,098 103,684 103,781

- Pre-Primary & Primary Education Af f airs 4,468 5,128 5,224

Serv ices

- Secondary Education Af f airs & Serv ices 10,778 12,298 12,624

- Tertiary Education Af f airs and Serv ices 76,589 81,998 79,312

- Education Services not definable by Level 180 49 726

- Subsidiary Serv ices to Education 346 359 273

- Administration 3,698 2,844 4,497

- Education Af f airs, Serv ices not 1,040 1,008 1,124

elsewhere classif ied
 22

(10) SOCIAL PROTECTION

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

SOCIAL PROTECTION 480,309 480,267 607,997

- Administration 2,892 2,963 3,532

- Others 2,127 2,270 1,449

- 475,289 475,033 603,017

Social Protection (not elsewhere class)
 23

In addition to the abov e allocations under the Current Budget as per ten classif ication
heads, the Federal Gov ts prov ides f unds f or v arious purposes.

In order to allev iate the impact of inf lation on citizens, especially the poor segments
of society , the Federal Gov ernment spends a f airly large sum on prov iding power and f ood
subsidies.

TABLE - 12
SUBSIDIES
Table-12 shows detail of subsidies. A single figure is given in Table-1,
Part-II.
(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

Subsidy to Power Sector

(WAPDA/PEPCO/KESC) 894,075 584,000 1,190,000

1 Subsies f or Tarif f Dif f erential to Agri Tube

Wells in Balochistan (PEPCO) 9,500 9,500 9,500
2 Subsidies f or Inter-DISCO Tarif f Dif f erential 150,000 150,000 276,000
3 Subsidies f or Merged District of KP erstwhile 25,000 39,000 65,000
FATA
4 Subsidies f or Tarif f Dif f erential to AJK 25,000 25,000 108,000

5 Pakistan Energy Rev olv ing Fund (PERA) 48,000 - 48,000

6 Prov ision f or Power Subsidy 14,000 - -

7 Subsidies to K-Electric f or Tarif f Dif f erential 171,000 228,000 174,000
8 KESC Subsidy Industrial Support Package 7,000 7,000 -
9 Subsies to KESC f or Tarif f f or Agriculture 500 500 500
Tubes Wells in Balochistan
Lump Prov ision f or Power Subsidy : 444,075 125,000 509,000
10 GPPS-Equity 262,075 - 215,000
11 Tarif f Dif f erencial to AJK (Electricity Revenue 55,000 55,000 -
Shortfall)

12 TDS KE Arrears 127,000 70,000 88,000

13 FATA Subsidy Arrears - - 86,000

14 Additional Subsidy - - 120,000
Subsidy to Petroleum: 50,600 50,600 18,400
15 Shortf all in Guaranteed Throughout of PEPCO 5,000 5,000 2,400
16 Pay ment of Shortf all to ASIA Petroleum 7,600 7,600 6,000

17 Domestic Consumers through SNGPL (RLNG) 29,000 29,000 10,000

18 PDC on MOGAS (Petrol) Pay able to OMC 9,000 9,000 -

Contd…..
 24

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

Subsidy to Food (PASSCO): 10,000 10,000 12,000

19 Subsidy to PASSCO f or Wheat Reserv e 7,000 8,500 8,000

Stock
20 Subsidy to PASSCO on Account of Cost 3,000 1,500 4,000
Dif f erential f or Sale of Wheat
Subsidy to Industries & Production: 60,000 60,000 68,000

21 Production & Supply of Urea Fertilizer 25,000 25,000 3,000

(Fertilizer Plants)
Utility Store Corporation 35,000 35,000 65,000

22 Ramzan Package 5,000 12,474 10,000

23 USC PM Package & Arrears 30,000 22,526 50,000
24 USC Sugar Subsidy Arrears - - 5,000
Others Subsidies: 49,600 366,400 75,012

25 Wheat Subsidy to GB 9,500 16,568 15,872

26 Subsidy on Import of Urea Fertilizer 6,000 6,000 10,000

27 Subsidy to Nay a Pakistan Housing Authority 500 35 1,000

28 Mera Pakistan Mera Ghar Scheme (Mark-up 12,200 12,200 21,080

Subsidy on Housing Finance Scheme

29 Intrest f ree loan to landless Farmers in Flood 1,300 1,300 -

Af f ected Areas
30 Prov ision of Subsidy f or interest f ree loans 6,000 6,000 -
f or Farmers in Flood Af f ected Areas
(Kissan/Flood)
31 Mark-up Subsidy and Risk Sharing Scheme 6,400 6,400 5,000
f or Farm Mechanization/Kissan Package
32 Refinance and Credit Guarantee - - 3,200
Scheme (SME Asaan Finance)

33 Subsidy f or enhancing f inancing to SME - - 2,000

Sector
35 Other Subsidies - 310,197 -
36 Markup Subsidy to Support Phasing out of 5,700 5,700 13,860
SBPs ref inancing f acilities
37 Metro Bus Subsidy 2,000 2,000 3,000
TOTAL SUBSIDIES: 1,064,275 1,071,000 1,363,412
 25

TABLE - 13
GRANTS AND TRANSFERS

Table-13 giv es details of Grants and Transf er to prov inces and other entities as
prov ided by the Federal Gov ernment. A single f igure is giv en in Table-1, Part-II.

(Rs in Million)
Classification Budget Revised Budget
2023-24 2023-24 2024-25

I. GRANTS IN AID & MISCELLANEOUS 92,400 99,989 113,000

ADJUSTMENTS

SPECIAL GRANTS 92,400 99,989 113,000

1 Sindh (OZT) 26,400 33,989 47,000

2 Khyber Pakhtunkhwa 66,000 66,000 66,000
KP Merged Districts and
Khasadars

II. GRANTS TO OTHERS 1,316,238 1,382,010 1,663,672

- Contingent Liabilities 236,600 236,600 270,000

- Miscellaneous Grants 120,000 120,000 132,000

- Pakistan Railway s 55,000 55,000 64,000

- Prov ision f or Relief etc. 8,400 8,400 13,000

- Competition Commission of Pakistan 100 100 150
- Reimbursement of TT Charbes, 79,500 79,500 86,900
Remmittances and Other Initiativ es (Sohni
Dharti, Pakistan Remittance Program, M-Wallet
Scheme, Exchange Company Initiatives, Home
Remittances)

- Audit Ov ersight Board 50 50 70

Contd…..
 26

(Rs in Million)
Classification Budget Revised Budget
2023-24 2023-24 2024-25

- AJK Gov ernment 70,000 70,000 105,000

- Gilgit Baltistan Gov ernment 51,700 51,700 68,000
- Bait-ul-Maal 4,320 4,320 10,000
- Benazir Income Support Programme 466,000 466,000 592,483
- TDRP 2,500 2,625 5,125
- National Pov erty Graduation Program 1,500 1,500 3,246
(NPGP)
- Pov erty Graducation of extremely poor - - 1,643
and f lood af f ected household (PGEP)

- ASPIRE W.B 1,500 8,650 8,600

- National Disaster Risk Management 1,000 10,991 2,000
Fund (NDRMF)

- EPI 2,500 2,500 2,000

- Prov ision f or anticipated f orex inf lows 5,000 4,220 1,000

(RAM Project)

- Elections 48,000 16,383 -

- Prov ision f or Marine/nav al etc. - - 3,000
- Pakistan Machine Tools Factory 500 500 500
- Higher Education Commission (HEC) 65,000 68,820 65,000

- Security Enhancement 40,000 - 45,000

- Financial Monitoring Unit (FMU) 600 600 600
- Superv isory Board (CDNS) 10 1 10
- Association f or Welf are of Retired 5 5 5
Pensioners
- Crops Loan Insurance Schemes (CLIS) 200 200 400

- Liv estock Insurance Schemes (LIS) 200 200 400

- Public Financial Management & 100 100 110
Accountability (MoF-P4R)
 27

(Rs in Million)
Classification Budget Revised Budget
2023-24 2023-24 2024-25

- Public Financial Management & 100 100 -

Accountability (Prov inces-P4R)
- PLIC 2,000 2,000 3,000

- PM Y outh Business & Agriculture Loan 9,000 30,000 8,600

Scheme

- PM Kamy ab Jawan/ Y ES Program 3,661 3,661 4,500

- Kamy ab Pakistan Program 1,500 1,500 1,150

- PM Y outh Business Loan 477 477 500

- Relief to widow borrowers of HBFCL 100 100 100

(Widows Welf are)

- Re-Finance Risk Sharing Loan Scheme 100 100 10

- Ref inance and Credit Guarantee Scheme 10 10 -

f or Women Enterpreneurs

- GIDC f or ISGS 3,000 3,000 40,000

- SAP Sy stem Up-gradation 100 100 -
- DCS Pension 200 120 -

- Nay a Pakistan Certif icates & others 500 500 -

- South Asian Games-IPC - - 400

- Concessional Credit f or Small Farmers 8,000 8,000 -

- Agriculture Productiv ity Initiativ es 1,000 1,000 -

- Agriculture Policy Institute 500 500 -

- Credit Guarantee Scheme to SMEs/SME 500 500 -

Asaan Finance

- Working Journalists Health Insurance 1,000 1,000 -

(Health Card)

- Artist Health Insurance (Health Card) 1,000 400 -

- Film Finance Fund 1,000 - -

Contd…
 28

(Rs in Million)
Classification Budget Revised Budget
2023-24 2023-24 2024-25

- CAPEX obligation of GOB f or Reko Diq 5,000 5,000 40,000

Project/Equity Contribution

- GHPL Loan Facility 12,000 13,129 14,500

- Arbitration/ Court Cases & Others - - 1,000

- Prov ision f or 5km radius gas schemes 2,000 2,000 -
and other court cases
- National Heritage Endowment Fund 100 100 -

- Prov ision f or Green Initiativ es 200 200 290

- Prov ision f or Gender Initiativ es 200 200 290
- Prov ision f or E-Vehicles/Bikes - - 4,000

- Prov ision f or E-Fans - - 2,000

- Pakistan Foundation Fighting Blindess 10 10 12

- Sportspersons Welf are Fund & Other 200 200 -

- Student Loan & Aid Initiativ es/Schemes 100 100 -

- Welf are of Minorities Initiativ es/ 100 100 -

Schemes

- Prov ision f or Social Welf are Initiativ es & 200 200 -

Others

- Nazriy a e Pakistan Council Trust 5 5 8

Islamabad

- Prov ision f or Grant to Hassan Abdal 70 70 250

Cadet College

- Climate Change Conf erences & Forums 20 20 150

Contd…
 29

(Rs in Million)
Classification Budget Revised Budget
2023-24 2023-24 2024-25

- Grant to Estab. Div . f or Balochistan - - 1,000

Package

- Prov ision f or SPC - SIFC - - 500

- Other Inf ormation Technology Initiativ es 1,000 1,000 3,300

- Digitization of FBR/IT upgradation and - - 7,000

restructuring etc
- USF & R&D f und - - 5,720

- Digital Inf ormation Inf rastructure - - 20,000

Initiativ es
- PSEB f or IT Exports 1,000 1,000 2,000
- Duty Drawback of taxes (DLTL, LTLD, - - 10,000
DDT)
- SMEDA Fund - - 5,000

- Prov ision f or Media/Publicity and - - 5,600

Adv ertisement

- Prov ision f or TSA - - 1,000

- Credit Scoring Serv ices - SMEDA - - 250

- SME Certif ication, Accreditation and - - 200

Quality Improv ement Program
- Grant to Ov erseas Pakistani Authority - - 500

- Others - 96,644 -

- Center of Excellence - OPHRD - - 300

- Portal f or Ov erseas Pakistani - OPHRD - - 50

- Grant to The Noorani Foundation (TNF) - - 250

Boarding School Swabi

TOTAL GRANTS (I+II): 1,408,638 1,482,000 1,776,672

 30

TABLE - 14
CURRENT LOANS & ADVANCES

Table-14 shows Current Loans & Adv ances as prov ided by Federal Gov ernment to
Gov ts. of AJK, GB and v arious institutions as well as Gov t. Serv ants to enable them to
meet their f inancial requirements. The details are as under:

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

1 Way s & Means Adv ances to the Gov t. 16,335 16,335 10,000
of AJK f or repay ment of principal &
interest

2 Junagadh and Kathiawar Chief s 22 22 25

3 Loans and Adv ances to Gov ernments 20,000 19,255 40,000

Serv ants

4 Loans/Adv ances to Friendly Countries 332 332 340

5 Gilgit-Baltistan f or Repay ment of 165 165 165

Principal and Interest
6 Loan to State Engineering Corporation 31 31 31

7 Priv atization Contingency - - 35,000

8 Loans to Pakistan Steel Mills Karachi 10,000 10,000 3,500

9 Way s and Means to Prov inces 21,015 21,015 21,000

10 Markup Pay ment of Pakistan Steel Mill 469 469 694

Loan No.2

11 Loan to Pakistan Central Cotton - - 656

Committee (PCCC)
12 Others - - 3,300

TOTAL: 68,369 67,624 114,711

 31

TABLE - 15
CURRENT INVESTMENTS

Table-15 shows detail of Current Inv estments through equity . The Federal
Gov ernment inv ests f unds in v arious Companies, Banks etc, to earn Div idends which
results an increase in Gov ernment's Rev enues:
(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

1 Equity f rom GoP f or Pak-China 100 100 500

Inv estment Co. Ltd. Islamabad

2 Paid up Capital f or Exim Bank of 3,000 3,000 -

Pakistan
3 Pakistan Mortgage Ref inance Company 9,940 9,940 9,750
Ltd. (PMRCL) Karachi

4
Pakistan's Annual Contribution to Inter-
12 12 15
Gov ernmental Group IF 24 (G-24)

5 Loan and Adv ances to GENCO IV 180 180 -

6 GOP Equity in DISCOS against PHLS

82,000 82,000 24,000
Re-Pay ment of Loans as Public Debt

TOTAL: 95,232 95,232 34,265

TABLE - 16
DEVELOPMENT LOANS AND ADVANCES

Table-16 shows Dev elopment and External Dev elopment Loans & Adcances as
made by Federal Gov ernment to Prov inces, AJK & GB, PSEs, Financial / Non-Financial
Institutions, District Gov ernments / TMAs and others to assist them in carry ing out their
Dev elopment Programmes.

Dev elopment Loan and Adv ances are part of project aid disbursed by f oreign
donors and are used to Finance PSDP. The loans are re-lent by the Federal Gov ernment to
Prov incial Gov ernments and PSEs.

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

1 Dev elopment Loans and Adv ances 157,314 152,295 206,911

2 External Dev elopment Loans and

700,523 700,523 745,318
Adv ances

TOTAL: 857,836 852,817 952,229

 32

Public Sector Dev elopment Programme (PSDP)

The Public Sector Dev elopment Programme (PSDP) is the main instrument f or
improv ing the socio-economic conditions in the country and achiev ing the macroeconomic &
dev elopment objectiv es and targets set by the gov ernment, which y ield maximum benef its
f or the society in the shortest possible time.

TABLE - 17
PSDP 2024-25

Table-17 shows the details of PSDP size f or FY 2024-25 in respect of Ministries /

Div isions / Departments / Corporations and f or Special Packeges / Relief , explaining the
f igures of PSDP giv en in Table-1, Part-1.

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

A. Federal Ministries/Divisions 652,950 459,000 1,039,776

1 Av iation Div ision 5,450 3,147 7,303

2 Board of Inv estment 1,115 114 1,658
3 Cabinet Div ision 90,120 10,919 75,773
4 Climate Change Div ision 4,050 2,750 6,257
5 Commerce Div ision 1,100 - 2,205
6 Communications Div ision (other than 360 245 728
NHA)

7 Def ence Div ision 3,400 3,164 5,636

8 Def ence Production Div ision 2,000 1,365 3,776
9 Establishment Div ision 840 416 921
10 Federal Education & Prof essional 8,500 5,859 25,751
Training Div ision

11 Finance Div ision 3,220 4,432 6,084

12 Higher Education Commission 59,700 40,000 66,315
13 Housing & Works Div ision 40,480 35,000 27,688
14 Human Rights Div ision 814 130 104
15 Industries and Production Div ision 3,000 1,923 4,919

Contd….
 33

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25
16 Inf ormation & Broadcasting Div ision 2,000 981 5,649

17 Inf ormation Tech. & Telecom Div ision 6,000 6,000 28,929

18 Inter Prov incial Coordination Div ision 1,900 1,900 3,650

19 Interior Div ision 10,000 8,151 9,070

20 Law and Justice Div ision 1,400 961 1,230

21 Maritime Af f airs Div ision 3,300 2,557 5,300

22 Narcotics Control Div ision 150 146 169.5

23 National Food Security & Research 8,850 5,019 41,250
Div ision

24 National Health Serv ices, Regulations & 13,100 13,094 27,000

Coordination Div ision

25 National Heritage & Culture Div ision 540 102 1015

26 Pakistan Atomic Energy Commission 26,100 22,680 25,000

27 Pakistan Nuclear Regulatory Authority 150 150 256.3
28 Petroleum Div ision 1,500 1,500 3,225.7
29 Planning, Dev elopment & Spl. Initiativ es 25,047 6,974 60,015
Div ision
30 Pov erty Allev iation and Social Saf ety 500 500 -
Div .

31 Railway s Div ision 33,000 32,823 45,000

32 Religious Af f airs & Interf aith Harmony 800 800 500

33 Rev enue Div ision 3,200 3,200 17,696

34 Science & Technology Research 8,000 5,048 7,149.5
Div ision
35 State & Frontier Regions Div ision 964 49 1,434
36 Strategic Plans Div ision - - 987

37 SUPARCO 6,900 6,900 35,617

38 Water Resources Div ision 107,500 100,000 259,598

39 Special Areas (AJK & GB) 60,900 40,000 74,500

40 Prov incial Projects 50,000 50,000 80,416

41 Merged Districts of Khy ber Pakhtunkhwa 57,000 40,000 70,000

Contd….
 34

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

B. Corporations 212,050 187,000 356,224

1 National Highway Authority (NHA) 157,500 147,000 180,284
2 Power Div ision (NTDC / PEPCO) 54,550 40,000 175,940

C. Project Liabilities 5,000 5,000 4,000

D. Prime Minister's Initiatives 80,000 8,000 -

TOTAL (FEDERAL PSDP): 950,000 659,000 1,400,000

E VGF for PPP Projects 200,000 175,000 100,000

TOTAL (FEDERAL PSDP + E + F): 1,150,000 834,000 1,500,000

F. SOEs - - 196,839
G. PROVINCES 1,559,000 1,559,000 2,095,380

TOTAL NATIONAL PSDP (FEDERAL+F+G): 2,709,000 2,393,000 3,792,219

 35

TABLE - 18
CLIMATE, GENDER AND DISASTER

(Rs in Million)
Budget Revised Budget
Classification
2023-24 2023-24 2024-25

Gender
Equality & Quality of Education 24,353 24,580 27,246
Health & Well-being 553 1,274 678
Government & Data Systems 577 451 621
Employment & Economic Opportunity 120,563 103,980 140,570
Safety & Security 11,374 11,037 13,170
Agency, Political Participation & 4,676 18,253 4,815
Meaningful Engagement
Climate
Adaptation 55,047 38,060 53,745
Mitigation 133,122 144,839 225,298
Supporting Areas 18,347 17,794 25,556
Disaster
Preparedness 37,278 34,584 47,434
Response 11,394 11,836 12,999
Recovery & Rehabilitation 1,541 389 444