Category: Budget 2020-21

Punjab to spend Rs 337b on development in next FY

LAHORE, Jun 15 (APP):Provincial Finance Minister Makhdoom Hashim Jawan Bakhat said on Monday that a total of Rs 337 billion would be spent on developmental schemes/projects of various sectors during the next financial year (2020-2021). During his budget speech in the assembly session here, he said that despite huge economic challenges and dearth of resources,… Continue reading Punjab to spend Rs 337b on development in next FY

Rs 17,470 mln allocated for irrigation

LAHORE, Jun 15 (APP):The Punjab government has allocated Rs 17,470 million as development budget for irrigation in the financial year 2020-21, with a vision to provide adequate, equitable and reliable irrigation supplies to the cultivable lands of Punjab aiming at enhanced agricultural productivity. According to the budget documents, Rs 16,770 million have been earmarked for… Continue reading Rs 17,470 mln allocated for irrigation

WCOP hails Pakistan’s National Budget 2020-21 without news taxes

LONDON, Jun 14 (APP):The World Congress of Overseas Pakistanis (WCOP) has appreciated Pakistan government for presenting a National Budget for fiscal year 2020-21, without imposing new taxes, despite a difficult situation due to COVID-19 pandemic in the country. “I think this budget is the best effort in the current scenario replete with uncertain future. No… Continue reading WCOP hails Pakistan’s National Budget 2020-21 without news taxes

COVID-19 not an excuse, virtually inflicts heavy loss to economy: Hafeez Shaikh

ISLAMABAD, Jun 13 (APP):Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh Saturday said the coronavirus pandemic was not an excuse as it had brought difficult times for the country by virtually inflicting a loss of around Rs 3,000 billion to the national economy. Exact loss to the economy could not be estimated… Continue reading COVID-19 not an excuse, virtually inflicts heavy loss to economy: Hafeez Shaikh

Gov’t withdraws import duties of Rs 50 bn

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ISLAMABAD, Jun 13 (APP):Advisor to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh on Saturday said that promoting industrialization and private business sector was the government’s top priority which reflected in the budget proposals for the year 2020-21 as import duties of over Rs 50 billion on various tariff lines had been… Continue reading Gov’t withdraws import duties of Rs 50 bn

COVID-19 not an excuse, virtually inflicts heavy loss to economy: Hafeez Shaikh

ISLAMABAD, Jun 13 (APP):Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh Saturday said the coronavirus pandemic was not an excuse as it had brought difficult times for the country by virtually inflicting a loss of around Rs 3,000 billion to the national economy. Exact loss to the economy could not be estimated… Continue reading COVID-19 not an excuse, virtually inflicts heavy loss to economy: Hafeez Shaikh

Govt striving to revive economy, generate employment opportunities: FM

ISLAMABAD, Jun 13 (APP):Foreign Minister Makhdoom Shah Mahmood Qureshi Saturday said the government was fully striving to restore the economic activities in the country amid challenges posed by the COVID-19 pandemic and felicitated its economic team on presenting the public-friendly fiscal budget The foreign minister, in a video statement, said the budget for the fiscal… Continue reading Govt striving to revive economy, generate employment opportunities: FM

Govt abolishes 10 withholding taxes: Hafeez Shaikh

ISLAMABAD, Jun 13 (APP):Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh Saturday said the government had abolished 10 types of Withholding Tax (WHT) in the Budget 2020-21 in order to provide maximum relief to the masses. “We have given multiple incentives to some sectors like reduction in Capital Gains Tax… Continue reading Govt abolishes 10 withholding taxes: Hafeez Shaikh

Govt introduces pro-export policies in budget: Razak Dawood

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ISLAMABAD, Jun 13 (APP):Advisor to the Prime Minister on Commerce and Industry Abdul Razak Dawood Saturday said the government had introduced pro-export policies and removed all the barriers imposed by the past regimes to discourage the export sector. In last decade until 2018, the past governments had introduced anti-export policies and imposed more duties on… Continue reading Govt introduces pro-export policies in budget: Razak Dawood

Govt presented balance budget in difficult situation of COVID- 19: Hammad Azhar

ISLAMABAD, Jun 13 (APP):Federal Minister for Industry and Production Hammad Azhar on Saturday said the government had presented a balance budget during difficult situation of coronavirus as it was still facing bad effects of lockdown. Talking to a private TV channel, he said there was no other option for the government except to run the… Continue reading Govt presented balance budget in difficult situation of COVID- 19: Hammad Azhar

PSDP 2020-21: Govt allocates Rs 25,000 mln for 12 schemes in GB

ISLAMABAD, Jun 12 (APP):The government on Friday allocated Rs 25,000 million in the Public Sector Development Programme (PSDP) to execute 12 ongoing schemes in Gilgit Baltistan (GB) during the fiscal year 2020-21. According to the PSDP, Rs 15,000 million have been earmarked for the GB Block, Rs 2,529 million for 20 Mega Watt (MW) Hydro… Continue reading PSDP 2020-21: Govt allocates Rs 25,000 mln for 12 schemes in GB

PSDP 2020-21: Govt allocates over Rs 27,424m for 10 projects in AJK

ISLAMABAD, Jun 12 (APP):The government on Friday earmarked Rs 27,424.602 million in the Public Sector Development Programme (PSDP) 2020-21 to materialize one new and nine ongoing projects in Azad Jammu and Kashmir (AJK). According to the PSDP, Rs 26,860.602 million have been allocated for the ongoing schemes, out of which an amount of Rs 24,500… Continue reading PSDP 2020-21: Govt allocates over Rs 27,424m for 10 projects in AJK

194.74 m allocated for Heritage Division

ISLAMABAD, Jun 12 (APP):The National History and Literary Heritage Division has received Rs 194.740 million for the up-gradation and digitalization of various cultural departments working for adequate projection of art and culture in the country, under the Public Sector Development Programme (PSDP) 2020-21. According to the budget document, the Federal Government has allocated Rs 184.740… Continue reading 194.74 m allocated for Heritage Division

Rs 282.914 million earmarked for Establishment Division

ISLAMABAD, Jun 12 (APP):The federal government has earmarked a total of Rs 282.914 million for different ongoing and new development schemes of Establishment Division under the Public Sector Development Programme (PSDP) 2020-21. According to the latest data of PSDP 2020-21 released by Ministry of Planning, Development and Reform on Friday, the government has released Rs… Continue reading Rs 282.914 million earmarked for Establishment Division

Govt allocates Rs 8736.903 million for housing sector

ISLAMABAD, Jun 12 (APP):The government has allocated an amount of 8736.903 million for 74 ongoing and new schemes of Housing and Work Division for the fiscal year 2020-21 under the Public Sector Development Programme (PSDP). The budgetary allocation included Rs 1652.286 million for 33 ongoing projects and Rs 7084.617 million for 41 new schemes, according… Continue reading Govt allocates Rs 8736.903 million for housing sector

Rs 182,963 mln earmarked for ongoing, new water sector projects in PSDP-20-21

ISLAMABAD, Jun 12 (APP):The government has earmarked a total of Rs 182,963 million for ongoing hydel, other water sector projects and new schemes under Annual Public Sector Development Programme (PSDP) 2020-21. Out of total, Rs 114,311 million has been specified for various ongoing hydel projects, Rs 66,122 million for other ongoing water sector projects and… Continue reading Rs 182,963 mln earmarked for ongoing, new water sector projects in PSDP-20-21

Govt. allocates Rs 14758.436 mln for Interior Division’s in PSDP-2020-21

ISLAMABAD, Jun 12 (APP):The government on Friday allocated Rs 14758.436 million for various ongoing and new projects of the Interior Division in Public Sector Development Programme (PSDP) for the Year 2020-21. A sum of Rs 6634.824 million has been specified for various ongoing projects while Rs 8123.612 million for new schemes in the PSDP 2020-21.… Continue reading Govt. allocates Rs 14758.436 mln for Interior Division’s in PSDP-2020-21

Rs350 million allocated for PNRA in PSDP 2020-21

ISLAMABAD, Jun 12 (APP):The government has allocated Rs350 million for the two ongoing schemes of Pakistan Nuclear Regulatory Authority (PNRA) in Public Sector Development Programme (PSDP) 2020-21. According to the PSDP, Rs199.180 million has been earmarked for establishment of National Radiological Emergency Coordination Centre, Islamabad, Mianwali, Karachi and Rs150.820 million for re-enforcement of PNRA’s capacity… Continue reading Rs350 million allocated for PNRA in PSDP 2020-21

Rs 74,497.770 mln allocated for power sector ongoing, new schemes in PSDP-2020-21

ISLAMABAD, Jun 12 (APP):The government has earmarked Rs 74497.770 million for various power sectors ongoing and new schemes under Annual Public Sector Development Programme (PSDP) for Year 2020-21. A sum of Rs 72,484.790 million has been specified for various ongoing projects while Rs 2,012.980 million for new schemes in the PSDP 2020-21. An amount of… Continue reading Rs 74,497.770 mln allocated for power sector ongoing, new schemes in PSDP-2020-21

Govt allocates Rs1697.068 m for Revenue Division projects in PSDP- 2020-21

ISLAMABAD, Jun 12 (APP):The government has allocated an amount of Rs1697.068 million for 10 ongoing and five new development schemes of Revenue Division under the Public Sector Development Program (PSDP) for the fiscal year 2020-21. According to Budgetary documents issued here on Friday, the government would spend Rs 1247.784 million on the completion of 10… Continue reading Govt allocates Rs1697.068 m for Revenue Division projects in PSDP- 2020-21

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