Govt allocates 4.5 % of GDP for poverty reduction

ISLAMABAD, Jun 2 (APP): The government is fully committed to follow a sustained poverty reduction strategy and allocate a minimum of 4.5 percent of GDP for social and poverty related expenditure. According to the Economic Survey unveiled by Finance Minister Ishaq Dar here on Thursday, the government prioritized 17 pro- poor sector through the Medium… Continue reading Govt allocates 4.5 % of GDP for poverty reduction

Ministry constituted committee on REDD: Survey

ISLAMABAD, Jun 2 (APP): Ministry of Climate Change has constituted a National Steering Committee on Reducing Emissions from Deforestation and Forest Degradation (REDD) in the country. According to Economic Survey released here on Thursday said that Pakistan has vast potential of controlling deforestation under REDD by paying compensation to forest communities with the finance of… Continue reading Ministry constituted committee on REDD: Survey

Pakistan ranked 6th among high disease burden countries

ISLAMABAD, Jun 2 (APP): Pakistan is ranked 6th amongst 22 high disease burden countries of the world and 40 percent of the burden of disease in the country is in the form of communicable diseases such as malaria and tuberculosis. This was revealed in the economic survey launched by Finance Minister Ishaq Dar during a… Continue reading Pakistan ranked 6th among high disease burden countries

Manpower export increases from 0.456 mln in 2011 upto 0.946 mln in 2016: Survey

ISLAMABAD, Jun 2 (APP): The manpower export has registered a significant increase from 0.456 million in 2011 upto 0.946 million in 2015 with the government efforts to find place for Pakistani workforce in the international labour markets. According to the the Economic Survey 2015-16 released here Thursday, Saudi Arabia has become the largest market for… Continue reading Manpower export increases from 0.456 mln in 2011 upto 0.946 mln in 2016: Survey

BISP disbursed Rs. 387 billion till March among beneficiaries

ISLAMABAD, Jun 2 (APP): Benazir Income Support Programme (BISP) has successfully disbursed about Rs. 387 billion across among its beneficiaries since inception. According to the Economic Survey 2015-16 released here on Thursday, the numbers of BISP beneficiaries have increased from 1.7 million in FY 2009 to approximately 5.29 million at the end of March FY… Continue reading BISP disbursed Rs. 387 billion till March among beneficiaries

CPEC’s infrastructure projects enter implementation stage

ISLAMABAD, Jun 2 (APP): China-Pak Economic Corridor’s infrastructure projects have entered into implementation phase this year and work on the two major highways projects has commenced, according to Economic Survey 2015-16 released Thursday. Karakoram Highway (KKH) Phase-II (Thakot-Havelian section) costing Rs. 142 billion and Peshawar-Karachi motorway (Multan-Sukkur section) costing Rs. 315 billion projects are progressing… Continue reading CPEC’s infrastructure projects enter implementation stage

Saudi Arabia; largest source of remittances with over $4.83 bln

ISLAMABAD, Jun 2 (APP): The country has received valuable remittances amounting to over $4.83 billion during July-April 2015-16 through workforce in Saudi Arabia, the country which is contributing a major share of remittances. According to the Pakistan Economic Survey 2015-16, the country received the inflows worth $3.54 billion from the United Arab Emirates (UAE), registering… Continue reading Saudi Arabia; largest source of remittances with over $4.83 bln

Indirect Taxes collection sees reasonable growth this year

ISLAMABAD, Jun 2 (APP): The gross and net collection of indirect taxes have witnessed a growth of 20.4 percent and 21.7 percent respectively which accounted 62.1 percent of total FBR tax revenues during first ten months of current fiscal year. Within Indirect taxes, a net collection of sales tax is increased by 20.2 percent. The… Continue reading Indirect Taxes collection sees reasonable growth this year

Pak achieves MDGs in environment sector: Survey

ISLAMABAD, Jun 2 (APP): Pakistan has successfully achieved the set targets under Millennium Development Goals (MDGs) in environment sector. According to the Pakistan Economic Survey 2015-16 released here Thursday said that the government has undertaken several projects and programmes to support the environmental goals. Many projects have been completed such as capacity building, provision of… Continue reading Pak achieves MDGs in environment sector: Survey

Vision 2025: PR to increase its transport share up to 20%

ISLAMABAD, Jun 2 (APP): In line with the government’s vision 2025 for infrastructure development during the next ten years, Pakistan Railways is to undertake necessary steps to increase its share in the overall transport sector of Pakistan from four percent to 20 percent. Ministry of Railways is in the process of preparing Railway Strategic Plan… Continue reading Vision 2025: PR to increase its transport share up to 20%

$234.8 mln FDI arrived in oil, gas sector

ISLAMABAD, June 2 (APP): Pakistan received $234.8 million foreign direct investment (FDI) in the oil and gas exploration sector during 10 months of the current fiscal year, which is 2 percent higher than the last year. “During July-April FY 2015-16, foreign direct investment in oil and gas exploration remained US $ 234.8 million as compared… Continue reading $234.8 mln FDI arrived in oil, gas sector

NHA attracts Rs 101 bn BOT projects in one year: Economic Survey

ISLAMABAD, Jun 2 (APP):National Highway Authority(NHA), through its dedicated efforts in the last one year, took a lead in the roads infrastructure development through the private sector participation, said Economic Survey 2015-16 released here Thursday. “NHA successfully attracted private sector investment and has awarded four major projects worth Rs 101 billion, which is more than… Continue reading NHA attracts Rs 101 bn BOT projects in one year: Economic Survey

PBM disburses Rs 3132.39 mln from July to March 2016

ISLAMABAD, Jun 2 (APP): Pakistan Bait-ul-Mal (PBM) has disbursed a sum of Rs 3132.39 million to provide solace to the poor segments of society from July 2015 to March 2016. According to Economic Survey 2015-16, PBM is significantly contributing toward poverty alleviation through its various poorest of the poor focused services programmes and providing assistance… Continue reading PBM disburses Rs 3132.39 mln from July to March 2016

Inflation rate average at 2.8 percent in last ten months

ISLAMABAD, Jun 2 (APP):The inflation rate, measured by the Consumer Price Index (CPI), averaged at 2.8 percent during July-April in Fiscal Year-2016 against 4.8 percent in the comparable period last year. According to the Economic Survey unveiled by Finance Minister Ishaq Dar here on Thursday,the food inflation on average basis in July -April, FY 2016… Continue reading Inflation rate average at 2.8 percent in last ten months

Govt committed to ensure women empowerment

ISLAMABAD, Jun 2 (APP): The government is committed to facilitate the women so that they can play a positive role in the development of the country and special initiatives have been taken to ensure the women empowerment. According to Pakistan Economic Survey 2015-16, women empowerment gender equality is not only a fundamental human right, but… Continue reading Govt committed to ensure women empowerment

EOBI disburses Rs.16,706 mln among 378,615 beneficiaries

ISLAMABAD, Jun 2 (APP): Employees Old-Age Benefits Institution (EOBI) has disbursed an amount of Rs. 16,706 million among 378,615 beneficiaries during the period from July 2015-March 2016 under its four schemes. According to Pakistan Economic Survey 2015-16, an amount of Rs. 10,400 million has been disbursed among 231,638 beneficiaries under Old-Age Pension. An amount of… Continue reading EOBI disburses Rs.16,706 mln among 378,615 beneficiaries

National Savings increase to 14.6 of GDP

ISLAMABAD, Jun 2 (APP): The National savings increased to 14.6 percent of GDP during the outgoing fiscal year (2015-16) against 14.5 percent last year. According to Pakistan Economic Survey, launched Thursday here by Finance Minister Muhammad Ishaq Dar, domestic savings have been recorded at 8.3 percent of GDP this fiscal year as compared to 8.4… Continue reading National Savings increase to 14.6 of GDP

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