NA passes Rs5.9 trillion budget, amid opposition reservations

ISLAMABAD, May 18 (APP):Notwithstanding reservations by the opposition benches on the passage of budget for whole year, the National Assembly on Friday passed Finance Bill 2018-19 with certain amendments, providing legal cover to budgetary proposals for the upcoming budget. The house adopted a number of amendments to the bill proposed by Finance Minister Dr. Miftah… Continue reading NA passes Rs5.9 trillion budget, amid opposition reservations

Lawmakers say economy put on growth path

ISLAMABAD, May 11 (APP):Lawmakers on Friday expressed satisfaction over the economic development of the country saying that the indicators show the economy has been put on path of growth and development. Participating in the budget debate, Zahid Hamid congratulated Miftah Ismail for successfully presenting budget for the year 2018-19, which he said was a roadmap… Continue reading Lawmakers say economy put on growth path

Sindh govt proposes 10% increase in salaries, pensions

KARACHI, May 10 (APP):The Sindh Government has proposed ten percent increase to the salaries and pensions of Sindh government’s serving and retired employees. Sindh Chief Minister, in his budget speech, announced that the government employees and pensioners have been given special relief. The relief measure taken by the government included Ad hoc Relief Allowance at… Continue reading Sindh govt proposes 10% increase in salaries, pensions

Balochistan budget for financial year 2018-19 on Friday

ISLAMABAD, May 10 (APP):Balochistan’s Budget for next fiscal year will be presented in the provincial assembly at 1600 hours on Friday. Adviser to the Chief Minister on Financial Affairs Dr Ruqia Hashmi will present the budget and total outlay will be more than Rs400 billion, Radio Pakistan reported. According to the sources, additional funds would… Continue reading Balochistan budget for financial year 2018-19 on Friday

Senators continue budget debate

ISLAMABAD, May 08 (APP):Senators from both sides of the aisle Tuesday continued debate on the budget 2018-19, suggesting various measures to make it result-oriented and viable. The treasury benches termed the Finance Bill, 2018 pro-people, business and growth-oriented, while the opposition members called it anti-people. Pashtoonkhwa Milli Awami Party’s (PMAP) Muhammad Usman Khan Kakar said… Continue reading Senators continue budget debate

Treasury benches term budget pro-poor, growth-oriented; opposition criticizes specific budgetary steps

  ISLAMABAD, May 03 (APP):The Senators from the treasury benches Thursday termed the federal budget for the financial year 2018-19 as balanced, pro-poor and growth-oriented whilst the opposition criticized it as anti-poor, anti-labour. Resuming debate on the federal budget, Parliamentary leader of Pakistan Muslim League (Functional)Syed Muzafar Hussain Shah said the country’s growth was low,… Continue reading Treasury benches term budget pro-poor, growth-oriented; opposition criticizes specific budgetary steps

Lawmakers express mixed reaction over budget 2018-19

ISLAMABAD, May 03 (APP):Parliamentarians on Thursday expressed mixed reaction over the budget 2018-19, some of them hailing it for being business and people friendly while others criticizing it for not addressing various budgetary issues. Participating in budget discussion, Member National Assembly, Qaiser Shaikh said that the government had given tax-free budget, aiming at 6.2 percent… Continue reading Lawmakers express mixed reaction over budget 2018-19

Rs 15519.008 mln released for petroleum sector in 10 months

ISLAMABAD, April 30 (APP):The government had released around Rs 15519.008 million for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP 2017-18) during 10 months of the current fiscal year against the total allocation of Rs 16049.928 million. According to the official data, Rs 415.807 million have been released for acquisition… Continue reading Rs 15519.008 mln released for petroleum sector in 10 months

Govt presents balanced budget to maintain growth momentum with no eye on election: Miftah

ISLAMABAD, Apr 28 (APP):Federal Minister for Finance Miftah Ismail Saturday said the federal budget for the year 2018-19 was balanced and focused on maintaining growth momentum gained during last five years, dispelling the impression that the government eyed on the upcoming election in the fiscal plan. Addressing the Post Budget Press Conference along with Advisor… Continue reading Govt presents balanced budget to maintain growth momentum with no eye on election: Miftah

Miftah plans to contest election from NA-243, NA 244

ISLAMABAD, April 28 (APP):Finance Minister Miftah Ismail Saturday is planning to contest in upcoming general election from NA-243 and NA-244. Addressing the post budget press conference, he said, “I was planning to contest the upcoming general election from NA-252 in Karachi, but after delimitation of constituencies, Prime Minister Shahid Khaqan Abbasi has recommended me to… Continue reading Miftah plans to contest election from NA-243, NA 244

No intention to go for IMF bailout package: Miftah

ISLAMABAD, April 28 (APP):Minister for Finance Dr Miftah Ismail Saturday said the government had no intention to get any bailout package from International Monetary Fund (IMF) as it believed that economic measures taken during the last five years would take the country to strong financial position. Addressing the post budget press conference flanked by adviser… Continue reading No intention to go for IMF bailout package: Miftah

Sales tax increased on cigarettes: Haroon

ISLAMABAD, Apr 28 (APP):Special Assistant to the Prime Minister on Revenue Haroon Akhtar Khan Saturday said sales tax had been increased on cigarettes in the budget 2018-19. Addressing the Post Budget Press Conference along with Federal Minister for Finance Miftah Ismail, Chairman Federal Board of Revenue (FBR) Tariq Pasha and Federal Secretary Finance Arif Khan,… Continue reading Sales tax increased on cigarettes: Haroon

Govt presented people-friendly budget: Ch Abid Sher Ali

FAISALABAD, Apr 28 (APP)::State Minister for Power Chaudhry Abid Sher Ali has said that the Pakistan Muslim League-N (PML-N) government has presented a public-friendly and balance budget despite limited sources. Reacting to the federal budget 2018-19 Saturday, he said that 10 per cent raise in salaries of the government employees and 10 per cent increase… Continue reading Govt presented people-friendly budget: Ch Abid Sher Ali

Business community termed Budget 2018-19 a balanced, growth-oriented

ISLAMABAD, April 28 (APP):Trade bodies and business community across the country on Saturday hailed the government for introducing pro-trade and business initiatives in its Federal Budget 2018-19 and said the measures introduced in budget would help to set a proper direction of the national economy. They said it was a unique precedent in the national… Continue reading Business community termed Budget 2018-19 a balanced, growth-oriented

Govt to solve water issue in Karachi: Miftah

ISLAMABAD, April 28 (APP):Finance Minister Miftah Ismail Saturday said the federal government was committed to solve water issue in Karachi. Addressing the post budget press conference, he said, “The federal government is well-aware of the water issue in the port city and we are determined to solve it on priority”. He said it was agreed… Continue reading Govt to solve water issue in Karachi: Miftah

Rs100 bln to be released soon on account of circular debt: Miftah

ISLAMABAD, April 28 (APP):Minister for Finance Dr Miftah Ismail Saturday said the government would soon release Rs100 billion to Independent Power Producers (IPPs) on account of circular debt. Addressing the post budget press conference along with Adviser to PM on Revenue Haroon Akhtar Khan, Chairman Federal Board of Revenue Tariq Pasha and Secretary Finance Arif… Continue reading Rs100 bln to be released soon on account of circular debt: Miftah

Govt announces fiscal package for revival of film industry

ISLAMABAD, Apr 27 (APP):Federal Minister for Finance, Revenue and Economic Affairs Miftah Ismail on Friday announced a package to revive Pakistan’s film industry, which used to be the third largest in the world in the ’60s. The minister during the federal budget speech 2018-19 said that the package will provide an enabling environment for film… Continue reading Govt announces fiscal package for revival of film industry

Govt unveils Rs 5.932 trillion budget with 6.2 percent growth target

APP68-27 ISLAMABAD: April 27 - Federal Minister for Finance, Dr. Miftah Ismail delivering budget speech on the floor of National Assembly. APP

ISLAMABAD, Apr 27 (APP):Federal Minister for Finance Miftah Ismail Friday unveiling a budget outlay of Rs 5.932 trillion, announced a growth oriented budget setting the GDP growth target for 2018-19 at 6.2 percent with the ever high proposed revenue generation at Rs 4435 billion against total expenditure of Rs 5246 billion. Presenting the sixth budget… Continue reading Govt unveils Rs 5.932 trillion budget with 6.2 percent growth target

Text of Budget Speech

ISLAMABAD, Apr 27 (APP):Following is the text of Budget Speech 2018-19, delivered by Minister for Finance Dr Miftah Ismail here at the National Assembly on Friday. Mr. Speaker, 1. It is my honour to present today the sixth budget of the PML(N) government to this Parliament. It is, indeed, a historic moment for the nation… Continue reading Text of Budget Speech

Govt makes history by presenting 6th growth oriented budget with outlay of Rs5.932 trillion, targeting 6.2 growth rate

ISLAMABAD, Apr 27 (APP):The Pakistan Muslim League-Nawaz (PML-N) government Friday made history by presenting its sixth consecutive federal budget for the fiscal year 2018-19 with total outlay of Rs5.932 trillion, providing substantial relief to the masses and paving way for realizing the objectives of inclusive and sustainable economic growth through a vast array of measures.… Continue reading Govt makes history by presenting 6th growth oriented budget with outlay of Rs5.932 trillion, targeting 6.2 growth rate

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