ISLAMABAD: The government in Pakistan’s southwestern Balochistan province is set to present its annual financial budget 2024-25 today, Friday, state-run media confirmed.
State broadcaster Radio Pakistan said Balochistan Finance Minister Mir Shoaib Nosherwani will present the budgetary proposals in the provincial assembly at 4:00 p.m.
“Balochistan budget for next fiscal year will be presented in provincial assembly in Quetta on Friday,” Radio Pakistan said.
Speaking at a joint press conference in Quetta on Sunday, Balochistan’s Planning and Development Minister Zahoor Ahmed Buledi and Finance Minister Nosherwani announced that employee salaries would see a 25 percent increase for grades 1 to 16, a 20 percent increase for grades 17 to 22, and a 15 percent increase in pensions in the upcoming budget.
Both ministers said the budget layout would exceed Rs850 billion while the federal budget allocated Rs58 billion for the southwestern province under the Public Sector Development Programme (PSDP) head for the upcoming fiscal year.
Pakistan’s restive Balochistan province, which shares porous borders with Afghanistan and Iran, has been wracked by an insurgency launched by ethnic Baloch militants for decades.
Baloch nationalists have long accused the Pakistani government of monopolizing profits from Balochistan’s abundant natural resources, saying it has led to political marginalization and economic exploitation.
However, Pakistani administrations have denied these allegations, citing several development initiatives launched in the province to improve local living conditions.
Balochistan to present budget 2024-25 today
https://arab.news/nrapp
Balochistan to present budget 2024-25 today
- Provincial government announced last week that budget layout will exceed Rs850 billion
- Balochistan ministers also announced increase in government salaries in FY25 budget
Pakistan demands ‘equitable’ climate finance for vulnerable states at UN forum
- Pakistan repeatedly suffers from deadly climate disasters, including floods this year that killed over 1,000 people during monsoon
- Pakistan minister stresses role of international cooperation, private sector engagement for environmental sustainability
ISLAMABAD: Pakistan’s Minister for Climate Change Dr. Musadik Malik on Saturday called for an “equitable, accessible” climate finance for vulnerable nations, saying that climate action must be treated as a shared global responsibility.
Malik was speaking at a high-level conference titled: “The Bottom Line: Why Tackling Environmental Degradation Is Critical to the Future of the Global Financial System” held on the sidelines of the United Nations Environment Assembly (UNEA) in Nairobi.
Pakistan has suffered repeated climate-inducted disasters frequently over the years. Devastating floods this year claimed over 1,000 lives in the country during the monsoon season. Super floods in 2022 cost the country an estimated $30 billion in damages.
“Federal Minister for Climate Change and Environmental Coordination Dr. Musadik Malik has stressed that environmental degradation poses systemic risks to the global financial system and called for more accessible and equitable climate finance for vulnerable countries,” state-run Associated Press of Pakistan (APP) reported.
Participants highlighted the importance of policy coherence, effective regulatory frameworks and whole-of-government approaches to create enabling conditions for sustainable finance.
Pakistan has been pushing for easy access and terms of financing for developing countries that suffer from climate change effects over the past few years at global events such as the Conference of the Parties (COP) and World Economic Forum.
Dr. Malik noted that countries contributing least to global emissions were among those facing the “most severe” impacts of climate change.
Pakistan contributes less than 1 percent to the total greenhouse gas emissions.
“The minister underscored the role of international cooperation and responsible private sector engagement in ensuring that financial stability and environmental sustainability reinforce each other,” the APP report said.
The summit brought together global leaders, policymakers, financial regulators and experts to discuss how governments are steering private finance toward pathways that strengthen economic and financial stability.
Discussions also focused on mobilizing private capital for high-impact sectors and integrating environmental risks into financial decision-making processes.
