FAISALABAD: State Minister for Information and Broadcasting Farrukh Habib on Sunday said that all segments of the society were satisfied with the federal budget and appreciating it except for the opposition. Addressing a press conference at the Circuit House, he said that the government had allocated a major chunk of budget for welfare and development […]
budget
Budget 2021-22 and erratic taxation
The federal budget for fiscal year (FY) 2021-22, third of the coalition Government of Pakistan Tehreek-i-Insaf (PTI) [hereinafter “the PTI Government”] and first of its fourth Finance Minister, Shaukat Fayaz Ahmed Tarin, announced on June 11, 2019 along with Finance Act, 2021 was a routine and ritual exercise with no innovation at all to make […]
Bilawal says 2021-22 budget ‘an economic attack on Pakistanis’
PPP Chairman Bilawal Bhutto Zardari was extremely critical of the budget proposed by the federal government a day earlier. He called it an “economic attack on Pakistanis.” In a statement issued from the Media Cell Bilawal House, the PPP chairman said PTI would not be permitted to “play with the nation’s future”, vowing his party […]
Most pro Higher education Budget: Shafqat Mahmood
The Minister Education Shafqat Mahmood says that the current budget is “Most pro Higher education budget ever. Development spending enhanced to 37 billion. The maximum spent by N in its last year was 18 billion. On the recurring side 66 billion plus special editions of 15 billion making it over 81 billion. Total allocation to […]
Opp leader says will do everything to block PTI’s ‘anti-people’ budget
ISLAMABAD: Opposition leader Shehbaz Sharif has said that the Pakistanis were caught between economic strife, inflation, unemployment and the worst load-shedding amid scorching heat. Addressing a meeting of the parliamentary party, he said the government has shamelessly kept schools open while children faint from heat and power outages. He said that the government doesn’t care […]
Government focuses on economic growth, employment
ISLAMABAD: The federal government has focused on increasing the labour force participation rate, especially the female, job creation and promoting decent work. According to the Annual development Plan 2021-22, around 25 percent funds are envisaged to be kept for female entrepreneurs under the Prime Minister’s Kamyab SME lending programme. The 2nd phase of China Pakistan […]
Businessmen term budget positive, as no ‘new’ tax imposed on industry
ISLAMABAD/LAHORE: The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Pakistan Industrial and Traders Association Front termed the federal budget as balanced and progressive, as no new tax was imposed on the industry while reducing rate of some of earlier duties and taxes. Addressing a press conference on […]
Politicians of merged areas welcome Rs54 bn allocation in budget 2021-22
Politicians, Maliks and civil society on Friday welcomed earmarking of Rs54 billion for merged tribal districts in budget 2021-22 and termed it a huge allocation that would help expedite pace of economic growth and development there. Member Provincial Assembly (MPA), Muhammad Shafiq welcomed Rs54 billion allocation in the Federal Budget 2021-22 for merged areas and […]
Pakistan sets ambitious growth target with $54 billion budget
Pakistan announced a budget Friday of 8.4 trillion rupees ($54 billion) for the next fiscal year, basing it on an ambitious growth target of 4.5 percent and tripling spending on public sector development with an election just two years away. Finance Minister Shaukat Tarin’s presentation to the National Assembly drew jeers from opposition lawmakers, who […]
Govt earmarks Rs3.558 billion for 17 Aviation sector projects
ISLAMABAD: The government on Friday earmarked funds amounting to Rs Rs3,558.200 million to advance 17 ongoing Aviation sector schemes in the Public Sector Development Programme (PSDP 2021-22). As per the PSDP document, an amount of Rs11.077 million has been allocated for the construction of double story Ladies Hostel/Barrack with the provision of the third story […]