ISLAMABAD, Jun 12 (APP):The government has allocated Rs100 million for one new scheme of the Ministry of Commerce and Rs202. 828 million for Textiles Industry Division in one on-going and two new schemes in Public Sector Development Programme (PSDP) 2019-20 for the promotion of trade and commerce in the country.
Category: Business
Business news from Pakistan
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
NBP Exchange Rates
KARACHI, Jun 12 (APP):Treasury Management Division of National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates. Selling Buying Buying TT & OD TT Clean OD/T.CHQ U.S.A 151.90 151.40 151.09 U.K 193.22 192.58 192.18 EURO 172.16 171.59 171.24 CANADA 114.32 113.94 113.64 SWITZERLAND 153.15 152.64 152.24 AUSTRALIA 105.55 105.20 104.92 SWEDEN 16.07 16.02… Continue reading NBP Exchange Rates
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
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.
Rs 10 m allocated for PM Secretariat’s security
ISLAMABAD, Jun 11 (APP):The government has allocated Rs 10 million for the fiscal year 2019-20 under the Public Sector Development Programme (PSDP) to improve the level of security at the Prime Minister Secretariat.
Highlights of PSPD 2019-20
ISLAMABAD, Jun 11 (APP):Following are the highlights of the Public Sector Development Programme (PSDP) 2019-20: — Total outlay of the PSDP for the fiscal year 2018-19 is Rs 1.863 trillion — The share of federal PSDP is Rs 951 billion while that of provincial PSDP is Rs 912 billion — Rs 250 billion have been… Continue reading Highlights of PSPD 2019-20
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.
Rs 333 million earmarked for Establishment Division
ISLAMABAD, Jun 11 (APP):The federal government has earmarked a total of Rs 333.256 million for different ongoing and new development schemes of Establishment Division under the Public Sector Development Programme (PSDP) 2019-20.
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
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
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