Category: Budget 2019-20

Rs 7.022 trillion economic stabilization budget for FY2019-20 presented

ISLAMABAD, Jun 11 (APP):The Pakistan Tehreek-i-Insaf led government Tuesday presented its first federal budget for the year 2019-20, with total outlay of Rs7.022 trillion, focusing on fiscal consolidation, revenue mobilization, austerity measures and protection to the vulnerable segments of society. “The overriding goal of the government in this budget of course is the welfare and… Continue reading Rs 7.022 trillion economic stabilization budget for FY2019-20 presented

Measures proposed for simplification of tax laws, documentation of economy: Hammad Azhar

ISLAMABAD, Jun 11 (APP):Minister of State for Revenues Hammad Azhar on Tuesday said that government has proposes several taxation measures in its federal budget 2019-20 for broadening the tax base, documentation of national economy through simplification of tax laws and a friendly tax compliance regime. Delivering his budget speech in the National Assembly, the minister… Continue reading Measures proposed for simplification of tax laws, documentation of economy: Hammad Azhar

Text of Federal Budget 2019-20 speech

ISLAMABAD, June 11 (APP):Following is the text of budget speech of Minister of State for Revenue Hammad Azhar, delivered at the National Assembly on Tuesday. “ BismillahirRehmanirRaheem Mr. Speaker, 1. I would like to start by thanking Almighty Allah, the most gracious, the most merciful, as I present the first Annual Budget of the democratic… Continue reading Text of Federal Budget 2019-20 speech

Cabinet members decide 10 pc cut in their salaries

ISLAMABAD, Jun 11 (APP):The federal government Tuesday set a precedent in the country’s history when its cabinet members voluntarily decided ten per cent reduction in their salaries. Minister of State for Revenue Hammad Azhar, in his budget speech, announced that the federal cabinet had set a historic precedent by slashing their salaries. The decision was… Continue reading Cabinet members decide 10 pc cut in their salaries

Rs 45.5 bln allocated for Karachi projects

ISLAMABAD, Jun 11 (APP):The federal government has allocated a hefty amount of Rs 45.5 billion for nine different development projects of the port city of Karachi. Minister of State for Revenue Hammad Azhar in his budget speech informed that under a special package an amount of Rs 10.4 billion was earmarked for Quetta city.

Annual Plan predicts 4 percent growth in upcoming Fiscal Year

ISLAMABAD, Jun 11 (APP):The Gross Domestic Product (GDP) is expected to pick up and grow at 4 percent during the upcoming fiscal year 2019-20, with contribution of 3.5 percent from agriculture, 2.3 percent from Industry and 4.8 percent from services sector, according to Annual Plan 2019-20 released by the government here Tuesday. According to the… Continue reading Annual Plan predicts 4 percent growth in upcoming Fiscal Year

Maritime Affairs receives Rs 3.6 billion in Fiscal year 2019-20

ISLAMABAD, Jun 11 (APP):The government has allocated around Rs 3.6 billion for the ongoing and new projects of Maritime Affairs Division (MAD) for the fiscal year 2019-20 under the Public Sector Development Programme (PSDP). The fiscal allocations earmarked included Rs 3.535 billion for the ongoing projects and Rs 64.848 million for the new projects.

Govt allocates Rs.7579.200 mln for various schemes of Climate Change

ISLAMABAD, Jun 11 (APP):The federal government has allocated an amount of Rs 7579.200 million for various new and ongoing schemes of Climate Change Division under Public Sector Development Programme (PSDP) 2019-20. According to PSDP 2019-20, the government has allocated an amount of Rs. 7515.000 million for the new schemes and Rs. 64.200 million allocated for… Continue reading Govt allocates Rs.7579.200 mln for various schemes of Climate Change

Govt allocates Rs 1.8 bln for Revenue Division projects

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ISLAMABAD, Jun 11 (APP):The government has allocated an amount of 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. According to the details, the government would spend Rs 1628.238 million on the completion of 16 ongoing development projects, where… Continue reading Govt allocates Rs 1.8 bln for Revenue Division projects

Government earmarks 1,340.225 mln for Law and Justice Division

ISLAMABAD, Jun 11 (APP):The Government has earmarked Rs 1,340.225 million under Public Sector Development Programme (PSDP) for completing various projects of Law and Justice Division during financial year 2019-20. According to latest data of Public Sector Development Programme (PSDP) 2019-20 released by the Planning Commission, Ministry of Planning, Development and Reforms Rs 400 million has… Continue reading Government earmarks 1,340.225 mln for Law and Justice Division

Govt allocates Rs. 516.126 mln for Information & Broadcasting Division in PSDP

ISLAMABAD, Jun 11 (APP):The federal government has allocated an amount of Rs. 516.126 million for various new and ongoing schemes of Information and Broadcasting Division under Public Sector Development Programme (PSDP) 2019-20. According to PSDP 2019-20, the government has allocated an amount of Rs. 340.070 million for the ongoing schemes and Rs. 176.056 million for… Continue reading Govt allocates Rs. 516.126 mln for Information & Broadcasting Division in PSDP

Rs. 128.016 mln allocated for NH&LH in PSDP

ISLAMABAD, Jun 11 (APP):The federal government has allocated an amount of Rs. 128.016 million for various new and ongoing schemes of National History and Literary Heritage Division under Public Sector Development Programme (PSDP) 2019-20. According to PSDP the government has allocated an amount of Rs. 118.016 million for the ongoing schemes and Rs. 10.000 million… Continue reading Rs. 128.016 mln allocated for NH&LH in PSDP

Govt allocates Rs29047 mln for Higher Education sector

ISLAMABAD, Jun 11 (APP):The federal government has allocated Rs29047 million under Public Sector Development Programme (PSDP) for the ongoing and new schemes of the Higher Education Commission (HEC) during fiscal years 2019-20. According to the budgetary document on Tuesday, out of total amount, around Rs24887 million has been allocated for ongoing schemes, while, Rs4160 million… Continue reading Govt allocates Rs29047 mln for Higher Education sector

Rs 100 mln allocated for BOI in PSDP 2019-20

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ISLAMABAD, Jun 11 (APP):The government has allocated Rs 100 million in Public Sector Development Programme (PSDP) 2019-20 for one on- going scheme of the Board of Investment (BOI) for the industrial promotion and Investment in the country.

Rs 7407.361 million for Sceince, Technological Research Division earmarked

ISLAMABAD, Jun 11 (APP):The federal government has earmarked Rs 7407.361 million for ongoing and new schemes of Science and Technological Research Division for the financial year 2019-20 under the Public Sector Development Programme (PSDP). The budgetary allocation included Rs 921.281 million for 19 ongoing projects and Rs 6486.080 million for 12 new schemes, according to… Continue reading Rs 7407.361 million for Sceince, Technological Research Division earmarked

Govt allocates 200.000 mln for various schemes of Poverty Alleviation & Social Safety Division

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ISLAMABAD, Jun 11 (APP):The federal government has allocated an amount of Rs. 200.000 million for various new and ongoing schemes of Poverty Alleviation and Social Safety Division under Public Sector Development Programme (PSDP) 2019-20. According to PSDP, the government has allocated an amount of Rs. 120.000 million for various ongoing schemes and Rs. 80.000 million… Continue reading Govt allocates 200.000 mln for various schemes of Poverty Alleviation & Social Safety Division

Govt allocates Rs4797 mln for Ministry of Education and Professional Training

ISLAMABAD, Jun 11 (APP):The federal government has allocated Rs4796.762 million under Public Sector Development Programme (PSDP) for ongoing and new schemes of the Federal Education and Professional Training for fiscal years 2019-20. According to the budgetary documents here on Tuesday, a total of Rs2371.661 million has been allocated for ongoing schemes, while Rs2425.101 million were… Continue reading Govt allocates Rs4797 mln for Ministry of Education and Professional Training

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