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Budget 2020

Budget Summary 2020-2021

Budget Analysis

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Overseas Pakistanis Commission for South Punjab approved

ISLAMABAD: Punjab Chief Minister Usman Buzdar has approved in principle the establishment of the Overseas Pakistanis Commission (OPC) for South Punjab on Saturday. CM Buzdar approved amendments in OPC Act 2014 while chairing a session of the commission to review

Murad Ali Shah presents budget 2020-21 in Sindh Assembly

KARACHI: Chief Minister Sindh, Murad Ali Shah, who also holds the portfolio for provincial finance minister, has presented the provincial budget for the next financial year 2020-21 at the Sindh Assembly. Special arrangements have been made in the Sindh Assembly

Sindh govt to present budget 2020-21 today

KARACHI: The Sindh government will present the annual provincial budget for the fiscal year 2020-21 today. The budget session of the Sindh Assembly will begin at 2 pm in Karachi. Sindh Chief Minister Murad Ali Shah will present the provincial

Punjab govt presents over Rs2.2 trillion Budget 2020-21

LAHORE: Provincial Finance Minister Makhdoom Hashim Jawan Bakhat is presenting the Punjab budget for the fiscal year 2020-21 in the provincial assembly. Speaking at the floor, the Provincial Finance Minister informed that he said that the total outlay of the

Federal govt to lunch three new projects in Balochistan

ISLAMABAD: The federal government will launch three new projects in Balochistan to make sure a smooth supply of water to its dwellers. According to the budget document, “In addition to the ongoing projects, the government will start three more projects

Punjab to present provincial budget 2020-21 today

LAHORE: After the federal budget for fiscal year has been presented, Punjab will now present the budget for the next fiscal year 2020-21 today on Monday. Punjab Chief Minister Usman Buzdar held a special session of the provincial cabinet earlier

Punjab’s budget – Expectations and reality

The federal government had passed the annual budget for the fiscal year 2020-21 however, debating and criticizing will keep continuing on the budget that was passed under traumatic circumstances amid the COVID-19 epidemic. In fact, no new taxation means a

Budget 2020-21: Federal govt allocates billions for Karachi’s project

ISLAMABAD: The PTI-led federal government has allocated billions in the budget 2020-21 for multiple projects in Karachi. According to the budget documents, the incumbent government has allocated Rs 7.95 billion for the intelligent transport system under construction in the metropolis.

Sindh govt to present budget 2020-21 on June 17

KARACHI: The Sindh government will present the annual provincial budget for the fiscal year 2020-21 on Wednesday (June 17), Sindh Chief Minister announced. He said this while chairing a meeting of parliamentary body of the Pakistan People’s Party Parliamentarians in

Budget 2020-21 focuses on providing relief to people: Hafeez Shaikh

ISLAMABAD: Advisor to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh has reiterated that the budget presented for the fiscal year 2020-21 focused to cope with the coronavirus impact and to provide relief to the public. Addressing the post-budget

Removed all hurdles from export policies: Razak Dawood

ISLAMABAD: Advisor to the Prime Minister on Commerce and Industry Abdul Razak Dawood has said the government had introduced pro-export policies and eradicated all the hurdles imposed by the past regimes. While addressing the Post Budget press briefing along with

Punjab govt to present over Rs 2.4 trillion budget on June 15

LAHORE: The Punjab government will likely present over Rs 2.4 trillion budget for the fiscal year 2021-21 on June 15. According to details, Punjab is likely to present the budget 2020-21 with an annual development outlay of Rs 437 billion

Budget 2020-21: Rs 25.50 billion allocated for health

ISLAMABAD: The PTI-led federal government has presented a budget for the financial year 2020-21 in which the health budget has been increased by 130 percent. According to the budget documents, Rs 11 billion was allocated for health for the current

Budget 2020-21: Rs 83.36 billion allocated for education

ISLAMABAD: In the proposed budget for the financial year 2020-21, the federal government has allocated Rs 83.36 billion for the education sector. According to the budget documents, the budget for education and services has been increased by about 7.9 percent

Opposition slams Budget 2020-21, terms it ‘anti-people’

LAHORE: Shortly after PTI-led federal government presented the Budget for the fiscal year 2020-21, opposition leaders from PML-N and PPP have criticized the presented budget and termed it an ‘anti-people’. Pakistan Muslim League-Nawaz President and Leader of the Opposition in

No new taxes imposed in Budget 2020-21: Hammad Azhar

ISLAMABAD: Federal Minister of Industries and Production Hammad Azhar has presented the budget 2020-21 in a special session of the National Assembly. In order to prevent the spread of COVID-19 pandemic, social distancing policy was being followed. The opposition and

Pakistan’s literacy rate increased to 60 percent: Economic Survey

ISLAMABAD: The Pakistan Economic Survey revealed that the country’s literacy rate increased by two percent to 60 percent in 2018-19 from 58 percent in 2015-16. The pre-budget document said the government has formulated National Education Policy framework to overcome multiple

Economic survey report and budget expectations

Advisor to the Prime Minister on Finance Abdul Hafeez Shaikh had presented the Pakistan Economic Survey 2020-21 on Thursday, highlighting the state of the Pakistani economy in the outgoing fiscal year. The economic survey is considered as the most authentic

New media licenses to provide $3 billion investment

ISLAMABAD: New licenses issued by Pakistan Electronic Media Regulatory Authority (PEMRA) would inject investment of approximately $2-$3 billion, said Economic Survey 2019-2020 released on Thursday. The growth of the media industry has multiplied rapidly during the last decade, with a

PM chairs cabinet session to approve budgetary proposals

ISLAMABAD: Prime Minister Imran Khan on Friday chaired a special session of the federal cabinet on  to discuss the fiscal year 2019-20 budget During the meeting, the federal cabinet has approved the budgetary proposals for the next fiscal year. Finance

Public debt recorded at Rs35,207 billion till end-March

ISLAMABAD: Pakistan’s public debt was recorded at Rs35,207 billion by end-March 2020 compared with Rs 32,708 billion at the end of June 2019, registering an increase of Rs 2,499 billion during first nine months of the current fiscal year. According

Auto industry shows sluggish performance in current year

ISLAMABAD: The auto industry displayed sluggish performance during the current financial year, except buses where it witnessed a growth of 17 percent during July-March 2019-20. According to the Economic Survey 2019-20 released on Thursday, during the period from July-March 2019-20,

Agriculture sector grew by 2.67% in 2019-20: Economic Survey

ISLAMABAD: The coronavirus outbreak has adversely impacted the national economy and the performance of all major sectors remained dismal during the outgoing fiscal year 2019-20. During the period under review, the agriculture sector recorded a growth of 2.67 percent considerably

Govt to present around Rs7.5 trillion national budget today

ISLAMABAD: The government will on Friday (today) present its second budget for the fiscal year 2020-21 with an estimated outlay of around Rs7.5 trillion. The National Assembly is already in session where the budget for the fiscal year 2020-21 would

Hafeez Shaikh presents Economic Survey 2019-20

ISLAMABAD: Advisor to Prime Minister on Finance, Abdul Hafeez Shaikh is presenting the Economic Survey of Pakistan 2019-20, highlighting the key economic indicators and performance of the different sectors of the economy. In a press conference today (Thursday), Abdul Hafeez

Pakistan receives debt relief from Paris Club

PARIS: The Paris Club of creditor nations have agreed to suspend interest and principal repayments from Pakistan and three other countries Chad, Ethiopia, and Republic of Congo in the latest wave of countries given financial leeway to help them focus

Budget 2020-21 will be different from past: Adviser

ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood has said the upcoming budget 2020-21 would be different from the past due to the coronavirus pandemic. Talking to a private TV channel, the adviser said the

FBR to maintain advance FED on tobacco leaf

ISLAMABAD: The Federal Board of Revenue (FBR) has said that advance Federal Excise Duty (FED) on tobacco leaf will remain unchanged for the upcoming fiscal year 2020-21. The FBR told a Special Committee of the National Assembly on Agricultural Products

Pakistan to target 2.3% growth in upcoming budget

ISLAMABAD: The government will target growth of 2.3% in fiscal year 2020-21 as it presents the budget for the upcoming fiscal year on Friday. The budget is being passed amid a changing economic landscape that would depend mainly on the

Pakistan, IMF agree to raise govt employees salaries in budget

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have finally reached consensus over increase in salaries of government employees in the upcoming 2020-21 fiscal year budget. The third round of budget talks between Pakistan and the global financial institution was

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