PML-N govt allocates Rs9.45b for PTI’s Billion Tree Tsunami project

By Muhammad JuniadPublished On 06 Jan 2023

The federal government to present the budget for the fiscal year 2022-2023 today.

In the next budget, the Pakistan Muslim League-Nawaz-led government has decided to continue 10 Billion Trees Tsunami Project. The project was launched by the previous Pakistan Tehreek-e-Insaf (PTI) government.

For this, Rs9.45 billion has been proposed for it which is Rs4.5 billion less than last year’s fund.

In addition, it has been suggested to change the name of the project from Billion Tree Tsunami to “Green Pakistan Program”.

The former prime minister and the PTI Chief Imran Khan started this project in September 2019. The total estimated cost of this project is more than Rs25.180 billion while Rs12.39 billion was spent on this project by June 2021.

In the last financial year, Rs14 billion was allocated for this project while Rs9.50 billion was allocated for three climate change projects.

The federal government has released the Pakistan Economic Survey for the outgoing fiscal year 2021-22.

The economic survey, which provides key indicators about the performance of the government, shows that Pakistan achieved Gross Domestic Product (GPD) targets across all sectors.

However, federal ministers Miftah Ismail and Ahsan Iqbal have cautioned that the numbers should be taken with a pinch of salt as a widening current account deficit and a rising external debt overshadowed the nominal growth.