In Its Meeting Held on 10Th June 2020 Approved Block Allocation of Rs
PREFACE PREFACE The National Economic Council (NEC) in its meeting held on 10th June 2020 approved Block Allocation of Rs. 15000 million in the Federal PSDP for Annual Development Program (ADP) of Gilgit-Baltistan for the year 2020-21. The Federal Government has kept GB share unchanged from the previous Financial Year, including Foreign Aid Component of Rs. 2000 million, despite the fact that the country has been ravaged by the outbreak of COVID- 19. The Foreign Aid Component has been provided for the Economic Transformation Initiative (ETI) in Gilgit-Baltistan. The ADP 2020-21 has been formulated with a vision to provide better facilities of life including access to energy, sanitation, basic health care, education, communication, and sustainable livelihood to the people of the region. Major intervention areas include essential health care services, new facilities for Covid-19 patients, roads and bridges across remote valleys, water supply and sanitation schemes, IT based learning projects, and generation and distribution projects in power sector. The Covid-19 crisis is the most serious crisis in our living memory hitting world economy, public health, tourism, and almost all facets of our public life. GB government has allocated substantial resources in ADP 2020-21 to tackle this crisis. We are also grateful to the federal government which has promised matching grant for all Covid related development expenditure. FY 2019-20 remained another successful year in the development history of Gilgit-Baltistan, as GB Government has been ahead of other provinces as far as utilization of the development funds are concerned. For the last five consecutive years, the GB Government has been achieving 100% utilization of development funds and we hope to achieve this goal in the current year too.
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