Textile exports maintains about 59%: PES 2019-20

ISLAMABAD, Jun 11 (APP):Textile exports of the country maintained about 59 percent, according to Pakistan Economic Survey (PES) 2019-20. Textile is the most important manufacturing sector of Pakistan and has the longest production chain, with inherent potential for value addition at each stage of processing, from cotton to ginning, spinning, fabric, dyeing and finishing, made-ups… Continue reading Textile exports maintains about 59%: PES 2019-20

PAEC to enhance nuclear energy share to 8,800 MW by 2030

ISLAMABAD, Jun 11 (APP):Pakistan Atomic Energy Commission (PAEC) has intensified its activities to meet the nuclear electricity generation target of 8,800 MW by the year 2030 set through government’s Energy Security Plan formulated in 2005. According to Economic Survey 2019-20 released here Thursday, completion of K-2/K-3 project will be a big step that will bring… Continue reading PAEC to enhance nuclear energy share to 8,800 MW by 2030

Budget 2019-20 resembles historic financial plans:

By Ali Jabir ISLAMABAD, Jul 30 (APP):The recently passed federal budget for the fiscal year 2019-20 resembles historic annual financial plans, as this year the plan had been prepared keeping in view the prevailing challenging economic situation. The financial crunch has left the country’s economy burdened with increased debts, decelerated growth rate, fiscal and current… Continue reading Budget 2019-20 resembles historic financial plans:

KP Govt allocates Rs59bln multi-faceted development package for merged areas

PESHAWAR, Jun 21 (APP):The Khyber Pakthunkhwa Government has allocated Rs59 billion for multi-faceted development programs for merged areas of erstwhile Fata under 10 years development plan in budget 2019-20 to bring this hitherto neglected area at par with developed districts of the country. This huge amount would be mainly spent on improvement and development of… Continue reading KP Govt allocates Rs59bln multi-faceted development package for merged areas

Govt presents comprehensive, balanced budget says Balochistan Chief Minister Mir Jam

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QUETTA, Jun 21 (APP):Balochistan Chief Minister Mir Jam Kamal Khan on Friday said provincial government had presented a comprehensive and balanced budget because development projects of all districts were included in the budget for next financial year on equity bases for beneficial of masses. “Now it was responsibility of development departments to initiate new progress… Continue reading Govt presents comprehensive, balanced budget says Balochistan Chief Minister Mir Jam

Over Rs 406 mln released for Industries production projects

ISLAMABAD, Jun 19 (APP):The government has so far released an amount of Rs 406.930 million for various projects of the Industries and Production Division under the Public Sector Development Programme PSDP 2018-19) against the total allocation of Rs769.999 million earmarked for the current fiscal year.

Govt releases Rs 797.7 mln for Revenue Division projects

ISLAMABAD, Jun 19 (APP):The government has so far released Rs 797.7 million for various ongoing and new projects of Revenue Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2018-19). The government, in its Federal PSDP, had earmarked Rs 1470.2 million for the Revenue Division projects, with foreign exchange component of… Continue reading Govt releases Rs 797.7 mln for Revenue Division projects

KP unveils Rs900bn surplus budget 2019-20 carrying Rs319 development outlay with no new tax

PESHAWAR, Jun 18 (APP):Provincial Finance Minister Khyber Pakthunkhwa Taimur Khan Jhagra Tuesday presented Rs900 billion tax free surplus budget for the year 2019-20, carrying Rs319blliion development program, promising fast pace development of the province with record allocations. Presenting the annual budget in the KP Assembly amid uproar by the opposition benches protesting non issuance of… Continue reading KP unveils Rs900bn surplus budget 2019-20 carrying Rs319 development outlay with no new tax

KP Govt bans foreign visits, treatment abroad by cabinet members: KP Information Minister

PESHAWAR, Jun 18 (APP):Khyber Pakhtunkhwa Minister for Information Shaukat Yousafzai Tuesday said the provincial government had proposed ban on foreign visits and treatment abroad by cabinet members. Talking to media persons here, he said that as part of austerity measures, the provincial government had also reduced salaries of cabinet members by 12 per cent, adding… Continue reading KP Govt bans foreign visits, treatment abroad by cabinet members: KP Information Minister

KP cabinet approves Rs 900 bln budget 2019-20 with no new tax: Information Minister

PESHAWAR, Jun 18 (APP):The Provincial Cabinet here Tuesday with Chief Minister Mehmood Khan in the chair approved budgetary proposals for 2019-20 amounting to Rs900bn showing 41% rise over the outgoing fiscal 2018-19 with no new tax levied. The development programme 2019-20 comprising Rs319bn with more focus on completion of ongoing projects, said Information Minister, Shaukat… Continue reading KP cabinet approves Rs 900 bln budget 2019-20 with no new tax: Information Minister

Federal govt allocates Rs48bln in PSDP 2019-20 for development of merged areas

PESHAWAR, Jun 18 (APP):Federal government has allocated a hefty amount of Rs48 billion in public sector development programme (PSDP) 2019-20 to ameliorate socio-economic conditions of tribal people. The government has earmarked the huge amount for speedy uplift of merged areas of erstwhile Fata under 10 years development plan in budget 2019-20 aimed at to bring… Continue reading Federal govt allocates Rs48bln in PSDP 2019-20 for development of merged areas

Federal Govt allocates Rs15bln for Mohmand Dam in PSDP 2019-20

PESHAWAR, Jun 17 (APP): The Federal Government has allocated Rs15 billion for multifaceted Mohmand dam in Public Sector Development Program (PSDP) 2019-20. It is a project for which the Government ran massive fund raising campaign and generated over Rs9 billion, indicating PTI’s Government resolve to expeditious completion of the mega project to overcome energy crisis… Continue reading Federal Govt allocates Rs15bln for Mohmand Dam in PSDP 2019-20

Govt all set to present its sixth budget 2019-20 in KP on Tuesday; opposition assures smooth sailing of budget session

PESHAWAR, Jun 17 (APP):The government is all set to present its sixth budget in Khyber Pakthunkhwa in a row for the year 2019-20 in the provincial assembly on Tuesday (June 18) as the treasury and opposition benches agreed over smooth sailing of the budget session in line with rich parliamentary traditions of the province.

The people’s budget resonates glory of past public-friendly financial plans: Archives

ISLAMABAD, Jun 17 (APP):The incumbent government announced the Budget 2019-20 with the vision to put least burden of its strict monetary decisions on vulnerable masses, resonating the glory of past public-friendly budgets presented since 1946, the first one by former finance minister Nawabzada Liaquat Ali Khan.

FPCCI forms committee to help remove anomalies and address grievances of traders in budget

ISLAMABAD, Jun 17 (APP):Federation of Pakistan Chamber and Commerce and Industry (FPCCI) has constituted a high level 17-member committee to help removal anomalies and address the genuine grievances of the traders in the federal budget. FPCCI chief Eng Daroo Khan Achakzai announced that Chairman United Business Group Iftikhar Ali Malik would head the committee and… Continue reading FPCCI forms committee to help remove anomalies and address grievances of traders in budget

Eqaul development across Punjab pivotal of budget: Hashim Jawan

LAHORE, June 15 (APP)::Provincial Finance Minister Makhdoom Hashim Jawan Bakhat said on Saturday that equal development across Punjab, social protection and human resource development were the pivotal of provincial budget 2019-20. Addressing the post budget press conference here, he added that budget 2019-20 was based on Punjab Growth Strategy 2018-23 providing leading principles to Punjab… Continue reading Eqaul development across Punjab pivotal of budget: Hashim Jawan

Govt. budget reflects committment of PPP leadership to serve people : Murad Shah

KARACHI, Jun 14 (APP):Sindh Chief Minister Syed Murad Ali Shah , in his budget speech in Sindh Assembly on Friday, said that the budget 2019-20 reflects the vision of Pakistan People’s Party (PPP) leadership, continuation of our policies and unflinching determination to serve the people of this country and this province. “Our sacrifices for the… Continue reading Govt. budget reflects committment of PPP leadership to serve people : Murad Shah

Punjab cabinet approves budget 2019-20

LAHORE, Jun 14 (APP):Punjab Chief Minister Sardar Usman Buzdar presided over the provincial cabinet meeting at 90-Shahrah Quaid-e-Azam on Friday in which provincial budget 2019-20 was approved. The meeting unanimously approved budget proposals 2019-20 along with the approval of finance bill 2019. The meeting also approved supplementary budget 2018-19 and revised estimates for the financial… Continue reading Punjab cabinet approves budget 2019-20

Punjab Budget highlights

LAHORE, Jun 14 (APP):Following are the highlights of the provincial budget for fiscal year 2019-20. *Sardar Usman Buzdar-led Punjab government presented its annual budget in the Punjab Assembly here on Friday. *Speaker Punjab Assembly Chaudhry Pervaiz Elahi presided over the first sitting of the 10th session. * The budget session started half an hour behind… Continue reading Punjab Budget highlights

Govt releases Rs725.697 mln under PSDP 2018-19 for food security