ISLAMABAD: Prime Minister Nawaz Sharif will chair a meeting of the National Economic Council

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On Thursday, Prime Minister Nawaz Sharif will chair a meeting of the National Economic Council (NEC) to deliberate over the upcoming annual budget proposals.

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Ishaq Dar, Federal Minister of Finance will brief the encounter over the forthcoming budget in which 1310 billion rupees have been apportioned for the annual development program, adding 525 billion for the federal and 650 billion rupees for provincial development plans.

Sources stated, WAPDA, PEPCO and NTDC will invest Rs. 135 billion from their capitals in the development programmed.

The aim of growth rate for factory farm has been set at 3.3, the industrial growth target has been determined at 6.8 past and the growth rate for services sector has been set at 5.2 percent.

The current fiscal year economic survey will be released on June 02, in the time of the finance minister will declare the federal budget for the year 2014-15 on June 3rd.

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