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Balochistan : Economic Challenges & Opportunities. Pakistan Development Forum 2010. Government of Balochistan. Balochistan Budget. Rs. In Billion. * Includes Rs 2.0 B for flood relief ** Rs 4.2 B to be diverted for flood-reconstruction. Revenue & Expenditure Measures.
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Balochistan: Economic Challenges & Opportunities Pakistan Development Forum 2010 Government of Balochistan
Balochistan Budget Rs. In Billion * Includes Rs 2.0 B for flood relief ** Rs 4.2 B to be diverted for flood-reconstruction
Revenue & Expenditure Measures • Implementing RGST on Services • Broadening base of property tax • Revisiting royalties on minerals • Focusing on infrastructure and mineral resources • Restricting additional new non-development expenditure
Impact of Floods • 14 out of 30 districts’ infrastructure / assets affected (loss estimated at Rs. 53 B) • Service delivery disrupted • More than 100,000 families displaced • Over 75,000 houses damaged • Over 57,000 Livestock, crops on 710,000 acres washed away • Danger of water borne diseases persists • Fear of ejection of tenants who don’t have capacity to restore land to cultivable position
Development Challenges • Low socio-economic indicators • Wide spread area / Inhospitable terrain • Low population density (19 person per Sq.KM) • Thin infrastructure for service delivery • High dev. and governance cost • Meager own revenue receipts • Damage to natural resources • Drought
Opportunities • Rich mineral resources • Vast land mass • Strategic trade location • Long coastline • Immense livestock potential