Minister for Industries and Production Hamad Azhar presented the budget for the next financial year in the National Assembly in which the budget for various sectors, including education and health.
According to the budget documents, the budget for education and services has been increased by about 7.9% for the next financial year. It should be noted that in the current financial year 2019-20, the amount of Rs. 77.20 billion was allocated which has been increased to Rs. 83.36 billion.
Furthermore, in his budget speech, Minister of Industry and Production Hamad Azhar had said that the development of uniform curriculum, standard system, formulation of examinations, the establishment of smart schools, the inclusion of madrassas in the national mainstream would improve the education system.
An amount of Rs. 5 billion has been allocated for these reforms. Furthermore, higher education is one of the priority sectors.
Hamad Azhar said that research and other modern fields such as artificial intelligence, robotics, automation, and space technology can be worked on for research and development to meet the standard education of the 21st century, hence innovation in the field of education and Rs 30 billion has been allocated for this.
It should be noted that the Pakistan Tehreek-e-Insaf (PTI) government has presented a budget of Rs 71.36 trillion in which no new tax has been announced.
The budget was presented by Minister for Industries and Production Hamad Azhar in a meeting of the National Assembly chaired by Speaker Asad Qaiser.
Presenting the budget proposals for the financial year 20-2020 in the National Assembly, Minister of State for Industry Hamad Azhar had said that it was an honor and pleasure for him to present the second annual budget of the PTI government.