Finance Minister Muhammad Aurangzeb on Monday said the federal government is preparing to introduce “bold measures” in the upcoming budget for FY2025-26, with a focus on strategic direction. “We are going to bring some bold measures during the budget for FY2025-26,” said Aurangzeb, while addressing an event organised by Karandaaz Pakistan and Pakistan Banks Association […]
budget
KP Govt to spend 25bln on health card during fiscal year 2022-23: Bangash
PESHAWAR: Khyber Pakhtunkhwa Minister for Higher Education Kamran Bangash on Thursday said the provincial government has increased salaries and pensions of government employees by 16 percent and would spend Rs 25 billion on health card during the fiscal year 2022-23. Speaking in the provincial assembly here, he said that neuron transplant and thalassemia were […]
Sindh allocates Rs. 326.80 billion for education sector in 2022-23
KARACHI: Chief Minister Sindh, Syed Murad Ali Shah said that the government of Sindh has kept Education sector at its top priority by allocating Rs. 326.80 billion which forms more than 25% of total budget outlay of Government of Sindh. He expressed these views while presenting the budget for 2022-23 on the floor of Provincial […]
Opposition parties reject KP budget 2022-23, term figures unrealistic
PESHAWAR: The opposition leaders in Khyber Pakhtunkhwa Monday rejected the provincial budget 2022-23 and termed it an unrealistic annual budget as the province was indebted to Rs 900 billion loans. Criticizing the provincial government, the joint opposition said that the finance minister Taimur Salim Jhagra lied to the people of KP in the budget and […]
Budget provides educational opportunities, targeted subsidies to weaker segments: PM
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif Sunday said that the fiscal Budget 2022-23 had provided more educational opportunities for youth and targeted subsidies to the financially weaker segments of the society. On his Twitter handle, the Prime Minister said the fiscal budget also represented significant improvements in several ways. “The non-productive assets of the rich […]
Punjab to present annual budget on June 13
LAHORE: The Punjab government will present the budget proposals on Monday, June 13, for fiscal year 2022-23, focusing on pro-poor initiatives and controlling inflation. A Finance Department spokesperson told the media here Saturday that no new tax would be imposed in the budget while special concessions and incentives given in the past would continue. The […]
Highlights of PSDP 2022-23
ISLAMABAD: Following are the highlights of allocations under the Public Sector Development Programme (PSDP) for various ministries and divisions for the fiscal year 2022-23 announced by the Federal Government here Friday: — Total outlay of the PSDP for the fiscal year 202122 is Rs 2.263 trillion — The share of federal PSDP is Rs 800 […]
Punjab gets lion’s share of 51.74 percent budgetary distribution among federation, provinces
ISLAMABAD: The Punjab province got lion’s share of 51.74 percent in budgetary distribution of resources among the federation and provinces while Sindh’s share was 24.55 percent and 14.62 percent and 9.09 percent share would be distributed to Khyber Pakhtunkhwa and Balochistan respectively. According to the Budget Brief, the province-wise ratios were based on multiple indicators […]
Good budget in difficult economic conditions: LCCI
LAHORE: Lahore Chamber of Commerce & Industry (LCCI) said on Friday that the government has presented a good budget in difficult economic conditions. Addressing a press conference soon after the budget speech of Federal Finance Minister Miftah Ismail here, the LCCI President Mian Nauman Kabir said that the LCCI budget proposals have also been incorporated […]
Govt allocates Rs. 65 billion for HEC in budget 2022-23
ISLAMABAD: The government, due to financial constraints, has allocated Rs. 65 billion for the Higher Education Commission (HEC) in the budget 2022-23. This was revealed by Federal Minister of Finance, Miftah Ismail in the National Assembly during his budget speech. Besides, Rs. 44 billion has been allocated for the development schemes which are 67 percent […]