ISLAMABAD, APR 24 (DNA) – The National Economic Council (NEC) will meet in Islamabad under the chairmanship of Prime Minister Shahid Khaqan Abbasi on (Tuesday), The council will approve the development budget of the next fiscal year during the meeting.

Prime Minister Prime Minister Azad Kashmir Raja Farooq Haider, chief ministers of four provices along with chief minister Gilgit-Bultistan Hafiz Hafeezur Rehman are likely to attend the meeting.

The NEC is set to approve Rs 2043 billion development budget of the next fiscal year. The Federation and its institutions will spend Rs 1013 billion in development works.

Sources said that Rs 825 billion would be allocated for the development budget of the federal government while Rs 88 billion would be allocated for special areas and programmes.

Sources further informed that Rs 1030 billion would be allocated for the development budget of the provinces in the next fiscal year while there is a proposal of allocation of Rs 100 billion for the development works with the help of private sector.