Josette Rizk, client director, Institutional Sales, Invesco Middle East and Africa, said: "We are observing an interesting shift in terms of both geographic and
sector allocation from the Middle East.
Nazim has been working closely with foreign investors, broker dealers and local fund managers to give investment recommendations on
sector allocation and stock selection.
According to budget documents, the government has increased local government and community
sector allocation by 36% as compared to the original allocation of Rs4.63 billion for the current fiscal year.
School education has been allotted funds of Rs178.618bn, with Rs15.15bn allotted for development under the ADP, whereas the health
sector allocation is Rs13.5bn.
As a result of the expansion, changes have been made to the
sector allocation plan.
The guidelines suggest that water
sector allocation should be increased to 20 per cent of the budget, he said.
By
sector allocation, Social Services accounts for 36.7 percent of the entire budget, reaching P1.377 trillion.
Following a series of acquisitions that led to diversification of ENBD REIT's portfolio in 2017, current
sector allocation stands at 64% offices, 20% residential and 16% alternative -- including schools, student accommodation and retail.
An amount of Rs 33,481 million, as much as 52 per cent of total water sector
sector allocation, has been allocated during financial year 2018-19 for construction of large and medium dams including Rs 23,680 million for Diamer Bhasha Dam and Rs 7,825 million for small, check and delay action dams all over Pakistan.
The health
sector allocation statement was as follows: EGP 31.6bn for wages; EGP 12.4bn for the purchase of goods and services; EGP 120m in interest; EGP 5.22bn for subsidies, grants, and social advantages; EGP 1.24bn in other expenses; and EGP 11.15bn for investments.
Pakistan is facing acute water scarcity requiring special interventions and to conserve water and its augmentation during 2018-19, water
sector allocation has been enhanced from Rs.36 billion to Rs.
By
sector allocation, social services account for P1.4 trillion of this year's budget.
