BAJAUR, Jun 14 (APP):Tribal people of merged areas (former Fata) here Friday lauded allocation of Rs152 billion in federal budget 2019-20 and declared it a landmark step forward to expedite pace of economic development in the area. Civil society including politicians, chieftains, social workers, academicians, economists and traders here welcomed the federal budget, terming it… Continue reading Merged areas tribesmen eulogize Rs152bln allocation in Federal Budget 2019-20
Category: Budget 2019-20
Budgetary allocation for agriculture enhanced by 1,200% with no new tax: Minister
ISLAMABAD, June 13 (APP):Federal Minister for National Food Security and Research Sahibzada Mehboob Sultan Thursday said the government has enhanced allocation for the development of agriculture sector by 1,200 percent and allocated an amount of Rs12.5 billion in Federal Budget 2019-20 as compared to Rs1 billion of last fiscal year. Addressing a press conference flanked… Continue reading Budgetary allocation for agriculture enhanced by 1,200% with no new tax: Minister
Funding of Rs36.8 bln earmarked for Finance Division projects
ISLAMABAD, Jun 13 (APP):The federal government would spend around Rs 36821.749 million on 42 projects of Finance Division under Public Sector Development Program (PSDP) during the upcoming fiscal year 2019-20. Official data revealed that Rs 7938.772 million have been allocated for 23 ongoing development projects, Rs 3609 million for 14 new schemes and Rs 25273.977… Continue reading Funding of Rs36.8 bln earmarked for Finance Division projects
Traders to be taken into confidence on Federal Budget 2019-20: Asad Umar
FAISALABAD, Jun 13 (APP)::Chairman of NA’s Standing Committee on Finance, Revenue and Economic Affairs Asad Umar on Thursday said that traders’ reservations on Federal Budget 2019-20 would be removed. He was addressing at a dinner hosted by traders at a local hotel. MNA Sheikh Khurram Shahzad, MPA Mian Iqbal Kastro, parliamentarians, FCCI President Syed Zia… Continue reading Traders to be taken into confidence on Federal Budget 2019-20: Asad Umar
Over Rs1.8 billion to be spent on Revenue Division development projects
ISLAMABAD, Jun 13 (APP):The government would spend Rs1818.238 million for 16 ongoing and 2 new development schemes of Revenue Division under the Public Sector Development Program (PSDP) for the fiscal year 2019-20.
Consultant with law-makers, other stake holders, afoot to ink next fiscal year (2019-20) people- friendly AJK Budget: AJK Prime Minister
MIRPUR (AJK): Jun 13 (APP):Azad Jammu and Kashmir (AJK) Prime Minister (PM) Raja Farooq Haider Khan Thursday said that the process of consultation with ministers, MLAs and other stakeholders for preparing next financial year’s balanced and people-friendly AJK budget was in progress. Talking to his cabinet colleagues in the State’s metropolis, he said that consultation… Continue reading Consultant with law-makers, other stake holders, afoot to ink next fiscal year (2019-20) people- friendly AJK Budget: AJK Prime Minister
Energy Dept proposes 14 new projects for ADP 2019-20, decides to raise KP own PT&DC for speedy transmission of electricity
PESHAWAR, Jun 13 (APP):The Khyber Pakthunkhwa Energy Department has proposed 14 new projects for Annual Development Program 2019-20 with main focus on construction of new hydropower projects, new institutes and setting up of the province own Provincial Transmission and Dispatch Company (PT&DC) for transmission of electricity generated from newly construction units to the national grid… Continue reading Energy Dept proposes 14 new projects for ADP 2019-20, decides to raise KP own PT&DC for speedy transmission of electricity
Zero rating facility for export sector to remain intact: Hafeez Sheikh
ISLAMABAD, Jun 12 (APP):Adviser to Prime Minister on Finance, Dr Abdul Hafez Sheikh Wednesday dispelled an impression that the government has imposed taxes on the export items in the federal budget, saying, the duties would not be imposed on exports of products. Addressing a post-budget press conference, Hafez Sheikh flanked with Federal Minister for Planning,… Continue reading Zero rating facility for export sector to remain intact: Hafeez Sheikh
Tax compliance culture must for national prosperity, respect: Advisor
ISLAMABAD, Jun 12 (APP):The Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh here on Wednesday expressed firm resolve of the government to ensure full tax compliance in order to bring the country in the line of responsible and developed countries of the world.
Hafeez shares roadmap to generate Rs5.55 trillion revenues, protect vulnerable segments
ISLAMABAD, Jun 12 (APP):Adviser to Prime Minister on Finance, Dr Abdul Hafeez Shaikh Wednesday said the government had a clear roadmap for generating Rs 5.55 trillion revenues during the upcoming fiscal year (2019-20) and protecting vulnerable segments of the society despite current financial constraints.
Govt to pay Rs 2.9 trillion as markup on national debt in 2019-20: Hafeez
ISLAMABAD, Jun 12 (APP):Advisor to Prime Minister on Finance Abdul Hafeez Shaikh Wednesday said the government has earmarked Rs 2.9 trillion for fiscal year 2019-20 to pay markup on national debt. Addressing a presser, the Advisor said this amount was even higher than the total expenditures of civil and armed forces’ combined outlays and was… Continue reading Govt to pay Rs 2.9 trillion as markup on national debt in 2019-20: Hafeez
Govt committed to achieve 4% GDP growth target: Minister
ISLAMABAD, Jun 12 (APP):Minister for Planning, Development and Reform, Makhdum Khusro Bakhtyar Wednesday said the government had set the Gross Domestic Product (GDP) growth target of 4% for the upcoming fiscal year which would be achieved by implementing measures proposed in the federal budget 2019-20. Addressing a post budget press conference here, the minister said… Continue reading Govt committed to achieve 4% GDP growth target: Minister
High exports, less expenditures to help balance twin deficits: Dr Hafeez Sheikh
ISLAMABAD, Jun 12 (APP):Advisor to Prime Minister on Finance and Revenue Dr Abdul hafeez Shaikh on Wednesday said the government intended to balance the twins deficits through increasing exports and controlling extra expenditures. The government has the biggest challenges to balance the twin deficits including foreign account and trade deficit for adopting the policy of… Continue reading High exports, less expenditures to help balance twin deficits: Dr Hafeez Sheikh
Returns filer, non-filer distinction being abolished to expand tax-base: Hafeez
ISLAMABAD, June 12 (APP):Adviser to Prime Minister on Finance, Dr Abdul Hafeez Shaikh Wednesday said the distinction of returns filer and no-filer was being abolished in the Federal Budget 2019-20 to meet the much-desired expansion in the tax-base. Speaking at the post-budget press conference, he said now it would not be possible for someone to… Continue reading Returns filer, non-filer distinction being abolished to expand tax-base: Hafeez
Bangladesh, China model of tax refunds to be adopted: Hafeez Sheikh
ISLAMABAD, Jun 12 (APP):Adviser to Prime Minister on Finance, Dr Abdul Hafez Sheikh Wednesday said that in order to facilitate taxpayers to get their tax refunds on time, the government was mulling over adopting Bangladesh and China model. He was addressing a post-budget press conference, flanked by Federal Minister for Planning, Development and Reform Khusro… Continue reading Bangladesh, China model of tax refunds to be adopted: Hafeez Sheikh
CM Jam Kamal reviews health, education sectors facilities for next budget
QUETTA, Jun 12 (APP):Chief Minister Balochistan Mir Jam Kamal Khan on Wednesday said incumbent government was giving special focus on education and health sectors in proposal of Public Sector Development Program (PSDP) financial year. He said government was well aware that both sectors are important and there is a lot of opportunity to improve education… Continue reading CM Jam Kamal reviews health, education sectors facilities for next budget
Govt announces pro-business budget: Razak Dawood
ISLAMABAD, Jun 11 (APP):Adviser to Prime Minister on Commerce, Textiles and Industries Abdul Razak Dawood on Tuesday said despite many challenges on economic fronts, the government had announced pro-business and people friendly budget. Talking to media outside the Parliament House, he said, the budget would boost the local industry and duties proposed on imported items… Continue reading Govt announces pro-business budget: Razak Dawood
Govt proposes mega development schemes for erstwhile FATA, Balochistan: Hammad
ISLAMABAD, Jun 11 (APP):Minister of State for Revenue Hammad Azhar on Tuesday said that the government has proposed mega development schemes for far-flung areas of erstwhile FATA and Balochistan in the budget 2019-20. Talking to media outside the Parliament House, the minister said that an amount of Rs 152 billion has been allocated for erstwhile… Continue reading Govt proposes mega development schemes for erstwhile FATA, Balochistan: Hammad
Gwadar gets over Rs 4 bln for uplift projects
ISLAMABAD, Jun 11 (APP):The government has allocated over Rs 4 billion for the development of Gwadar for fiscal year 2019-20 through various projects including construction of airport, railway corridor, desalination plant and fish landing jetty. The New Gwadar International Airport will receive Rs 555 million of which Rs 200 is foreign aid. The project was… Continue reading Gwadar gets over Rs 4 bln for uplift projects
Govt employees, pensioners get a 10% raise
ISLAMABAD, Jun 11 (APP):The government Tuesday announced a 10 percent raise in salaries of government employees from BPS 1 – 16, a five percent increase for those in BPS 17-20, besides a 10 percent enhancement in the pensions of civil and military officials. Minister of State for Revenue, Hamad Azhar in his budget speech at… Continue reading Govt employees, pensioners get a 10% raise
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