AJK finance minister terms AJK Budget friendly

MIRPUR (AJK), June 25 (APP): Unveiling the breakup of Rs.73.50 billion new fiscal year (2016-17) AJK Budget, AJK Minister for Finance Ch. Latif Akber has termed the budget friendly to the common man and historical. Addressing the post budget press conference in the capital city of Muzaffarabad on Saturday asserted that the government has focused… Continue reading AJK finance minister terms AJK Budget friendly

Rs 43.7851 bln fiscal year (2016-17) GB budget announced

GILGIT, Jun 24 (APP): Senior Minister Gilgit-Baltistan Legislative Assembly, Haji Muhammad Akbar Taban on Friday presented Rs 43.7851 billion provincial budget for fiscal year 2016-17. The new fiscal budget includes Rs 25.361 billion of non development expenditures and Rs 12.38 billion of Annual Development Program, and allocation for food subsidies is 6.450 billion. A 10 percent… Continue reading Rs 43.7851 bln fiscal year (2016-17) GB budget announced

Rs 73.50 billion new fiscal year (2016-17) AJK budget announced

MIRPUR (AJK), June 24 (APP): Azad Jammu & Kashmir government Friday unveiled Rs 73.50 billion budget for fiscal year 2016-17 in Azad Jammu and Kashmir Legislative Assembly with a formal approval by the house. The budget contain Rs 12 billion for development expenditures in whole volume of the budget, Finance Minister of AJK Chaudhry Latif Akber said… Continue reading Rs 73.50 billion new fiscal year (2016-17) AJK budget announced

AJK Cabinet approves Rs 73.50 billion Finance Bill 2016

MIRPUR, June 24 (APP): Azad Jammu & Kashmir Cabinet Friday approved Rs 73.50 billion Finance Bill 2016 at a meeting held in the capital city, it was officially declared. AJK government spokesperson told APP that the AJK Cabinet met in Muzaffarabad with Prime Minister Ch. Abdul Majeed in the chair. Besides the cabinet colleagues of… Continue reading AJK Cabinet approves Rs 73.50 billion Finance Bill 2016

AJK Assembly approves Rs 73.5 billion budget

MUZAFFARABAD, June 24 (APP): The Azad Jammu and Kashmir Legislative Assembly Friday approved a budget of Rs 73.5 billion for the next fiscal year. On the same day, Finance Minister Ch. Latif Akbar presented it in the house by suspending the rules and without any debate on it as the opposition was not interested to… Continue reading AJK Assembly approves Rs 73.5 billion budget

Rs 289 bln Balochistan Budget 2016 17 unveiled

QUETTA, June 19 (APP): The Rs 289.356 billion Balochistan Budget 2016 17 with a deficit of Rs 36.485 billion has been unveiled in the session of the Balochistan Assembly held, here on Sunday evening. The new fiscal budget includes Rs 218.174 billion of non development expenditures and Rs 71.182 billion of Annual Development Program. The… Continue reading Rs 289 bln Balochistan Budget 2016 17 unveiled

KP Finance Minister presents supplementary budget of Rs 26.34 bln for year 2015-16

PESHAWAR, June 14 (APP): Khyber Pakhtunkhwa Finance Minister Muzafar Said Advocate Tuesday presented Supplementary Budget of Rs 26.34 billion for the year 2015-16 excessive expenditure in various departments. While giving detail about the excessive expenditure Finance Minister Muzafar Said Advocate in a budget speech said that they have utilized these amounts in two different pools-revenue and… Continue reading KP Finance Minister presents supplementary budget of Rs 26.34 bln for year 2015-16

KP unveils Rs 505 bln tax free,budget 2016-17

PESHAWAR, Jun 14 (APP): Provincial Finance Minister Muzaffar Said Advocate on Tuesday presented Rs. 505 billion tax free and balanced budget for the year 2016-17 in the KP Assembly carrying Rs. 161 billion development outlay, slight readjustment in provincial taxes, an increase of ten percent in the salaries and pension of the government employees besides… Continue reading KP unveils Rs 505 bln tax free,budget 2016-17

Salient features, highlights of KP budget 2016-17

PESHAWAR, June 14 (APP): The main features and highlights of Khyber Pakthunkhwa budget for fiscal year 2016-17 announced by Provincial Finance Minister Muzaffar Said advocate is explained below. · The budget’s total outlay is Rs 505 billion. · The budget is tax free and balanced, carrying Rs161bn development outlay · Creation of 36232 new jobs… Continue reading Salient features, highlights of KP budget 2016-17

Rs 1681.41b Punjab budget unveiled

LAHORE, June 13 (APP): Provincial Finance Minister Dr. Ayesha Ghous Pasha on Monday presented a balanced and public-welfare budget havig total outlay of Rs 1681.41 billion with Rs 550 billion Annual Development Programme (ADP) in the Punjab Assembly session chaired by Speaker Rana Muhammad Iqbal. Giving break-up of the budget receipts and expenditures, she said… Continue reading Rs 1681.41b Punjab budget unveiled

Punjab levies tax on imported 1300 CC & above motor cars

LAHORE, June 13 (APP): Punjab Government has levied one-time tax on the imported motor cars registered after June 30, 2016. Provincial Finance Minister Aisha Ghaus Pasha, while presenting the Finance Bill 2016-17, here on Monday, said that the term “motor car” means a motor car as defined in the provincial Motor Vehicles Ordinance, 1965 (XIX of 1965). The… Continue reading Punjab levies tax on imported 1300 CC & above motor cars

“Budget at a glance”

LAHORE, June 13 (APP): Punjab budget for fiscal year 2016-17 was presented in the Punjab Assembly on Monday. Budget 2016-17 at a glance (Rs in million) Classification Budget estimates Revised estimates Budget estimates 2015-16 2015-16 2016-17 A-CURRENT BUDGET Gen.Rev.Reciepts 1,144,558.319 1,135,771.201 1,319,966.142 Current Expend. 753, 010.825 746,855.766 849,947.178 A-Net Revenue Account-Surplus/ 391,547.494 388,915.435 470,018.964 Deficit… Continue reading “Budget at a glance”

Rs 869.1 bln Sindh budget presented

KARACHI, June 11 (APP): Sindh Minister for Finance Syed Murad Ali Shah Saturday presented the Sindh Budget 2016-17 for Rs 869.1 billion in the Sindh Assembly. Speaking in the assembly, he said the Annual Development Programme (ADP) for the coming financial year would be Rs 225 billion, 39 per cent increase over the current year’s ADP,… Continue reading Rs 869.1 bln Sindh budget presented

Budget, blessing for marginalized sections: Marvi

ISLAMABAD, June 5 (APP): Benazir Income Support Programme (BISP) Chairperson Marvi Memon has said the budget for fiscal year 2016-17 has prioritized the marginalized segments through allocating sufficient funds for social nets, promoting agriculture sector and raising minimum wages. Talking to APP, Marvi Memon said steps like increasing allocation for BISP upto Rs 115 billion… Continue reading Budget, blessing for marginalized sections: Marvi

Budget to bring basic commodities in reach of common man: Nehal Hashmi

ISLAMABAD, June 5 (APP): Senator Nehal Hashmi said that the budget has announced strong initiatives to bring basic commodities in the reach of a common citizen. Talking to APP outside Parliament House, he said that the government has imposed taxes on those who were living a luxurious life while common man was provided maximum relief… Continue reading Budget to bring basic commodities in reach of common man: Nehal Hashmi

Budget reflect democratic govt aspirations in true essence

ISLAMABAD, June 5 (APP): Senator Lt Gen (r) Abdul Qayyum Friday said the present budget would bring relief for the masses in true essence keeping alive the traditions of a democratic government. Talking to APP after announcement of budget outside Parliament house, the senator said the government had focused on facilitating the masses by reducing… Continue reading Budget reflect democratic govt aspirations in true essence

Budget prioritizes agriculture, exports development to promote growth: Dar

ISLAMABAD, June 4 (APP): After achieving economic stability, the focus of Budget 2016-17 would be on improving economic growth by prioritizing agriculture sector development and promotion of exports, said Finance Minister Senator Muhammad Ishaq Dar on Saturday. The Finance Minister stated this while addressing a crowded post-budget press here at “P” Block Auditorium. He was flanked… Continue reading Budget prioritizes agriculture, exports development to promote growth: Dar

Successful Zerb-e-Azb to help restore peace, attract FDI: Dar

ISLAMABAD, June 4 (APP): Minister for Finance Ishaq Dar on Saturday said successful ongoing Zerb-e-Azb against terrorists would ultimately help restore peace besides attracting foreign investment in the country.

Govt aims to reduce fiscal deficit to 3.8% of GDP

New sections in Finance bill FY17 will enable tax authorities to sign bilateral treaty with OCED

ISLAMABAD, Jun 4 (APP): The government aims to reduce the budget deficit from 4.3% of GDP during the current fiscal year (2015-16) to 3.8 percent of GDP in 2016-17.

Medium Term Goals to help achieve GDP growth to 7 percent: Dar

ISLAMABAD, Jun 4 (APP): Federal Finance Minister, Senator Mohammad Ishaq Dar on Saturday said, the country, through medium terms goals announced in the federal budget, would achieve GDP growth of 7 per cent by Financial Year 2018-19. Addressing a post Budget press conference, he said, this measure would not only take Pakistan to a new ‘pitch’ but help contain… Continue reading Medium Term Goals to help achieve GDP growth to 7 percent: Dar

Category: Budget 2016-17