ISLAMABAD: Minister for Finance Shaukat Tarin has said that agriculture, livestock and poultry are a major source of GDP, and both livestock and poultry are less organized and informal sectors formed an essential component of food supply. In his budget speech, he said that the government was striving to strengthen these sectors. He also said […]
Shaukat Tarin
Govt announces special tax relief measures, introduces steps to enhance tax to GDP ratio
ISLAMABAD: Minister for Finance Shaukat Tarin on Friday said that the government had taken several measures in order to provide tax relief to already tax payers, besides introducing steps to enhance tax to GDP ratio, which was at the lowest level as compared the regional countries. Presenting the federal budget 2021-22 in the National Assembly, […]
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 […]
Federal Budget 2021-22: Govt allocates Rs 9.7 bn for Ministry of Federal Education schemes
The Federal Government has allocated Rs 9.7 billion under the Public Sector Development Programme (PSDP) for the ongoing and new schemes of the Federal Education and Professional Training for the fiscal year 2020-21. According to the budget documents, a total of Rs 9.087 billion has been earmarked for ongoing schemes and Rs 612.889 million for […]
Punjab to gets help from University of California for improving seed production: Governor
ISLAMABAD: Governor Punjab Ch Muhammad Sarwar Tuesday said that the Punjab government would get help from University of California in learning agricultural-based latest techniques to enhance yield of crops, modernization of irrigation system and quality of seeds. A milestone achievement for Pakistan is that United States of America, the California State parliament has approved […]
Export of electric fans increases by 41.5%, says Razak Dawood
Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday announced that electric fans’ exports grew by 41.47 % during the first ten months of the fiscal year 2020-21 as compared to the exports of the corresponding period of last year. In his Twitter handle, he said, “The country’s fan exports have […]
President Alvi stresses need for facilitating beekeeping sector
President Dr Arif Alvi has underlined the need for facilitating the beekeeping sector of the country as it has great potential to generate employment opportunities and earn foreign exchange. Chairing a meeting on Ten Billion Tree Tsunami Programme in Islamabad, he urged the need for improving the environmental conditions for beekeeping to increase the […]
Imran Khan presides over federal cabinet meeting
ISLAMABAD: The federal cabinet met on Tuesday in Islamabad to discuss the country’s economic and political situation. The Cabinet is reviewing PDM’s movement against the government and issues related to Sindh. Prime Minister Imran Khan is presiding over the federal cabinet meeting held at the Prime Minister’s office. The cabinet is discussing a 21-point agenda […]
Budget, jobs, taxes and growth
“The Laffer Curve, by the way, was not invented by me; it has its origins way back in time. For example, the Muslim philosopher Ibn Khaldun wrote in his fourteenth-century work The Muqaddimah: It should be known that at the beginning of the dynasty, taxation yields a large revenue from small assessments. At the […]
Domestic cement consumption jumps by 41% in May
LAHORE: Cement sector showed excellent growth of 49.86 percent in May 2021. Total cement despatches during May 2021 were 3.947 million tons against 2.634 Million Tons despatched during the same month of last fiscal year. According to the data released by All Pakistan Cement Manufacturers Association, domestic cement despatches during the month of May 2021 […]