Govt announces federal budget with total outlay of Rs8,487 billion

ISLAMABAD: Finance Minister Shaukat Tarin has presented the federal budget for the fiscal year 2021-22 in a special session of the National Assembly on Friday. The total size of the budget or the total expenditure budget for the next year

Budget 2021-22: Rs1.37 trillion allocated for defence, increases by 6.2%

ISLAMABAD: The federal government has allocated Rs1.37 trillion for defence services in the budget for the fiscal year 2021-22, showing an increase of 6.2 percent. The proposed increase in the defence budget is less than recent years except for FY

Govt allocates Rs21.72 billion for health sector projects

ISLAMABAD: The government has allocated an amount of Rs 21.72 billion for 20 ongoing and 26 new projects in the health sector under Public Sector Development Programme 2021-22. According to the budget document, an amount of Rs 13.07 billion has

Budget 2021-22: Govt announces 10% increase in salaries, pensions

ISLAMABAD: The ruling Pakistan Tehreek-e-Insaaf (PTI) has announced the addition of an ad-hoc relief of 10 percent in the salaries and pensions of federal government employees. Announcing the budget on the National Assembly (NA) floor today (Friday), Finance Minister Shaukat

Around Rs8 trillion federal budget to be presented today

ISLAMABAD: Pakistan Tehreek-e-Insaf government will present its third budget for the fiscal year 2021-22, with an estimated outlay of around Rs8 trillion. The National Assembly is already in session where the budget for the fiscal year 2021-22 would be presented

Livestock contributed 11.5 % to GDP during FY2020-21

ISLAMABAD: The livestock sector has contributed 60.1 percent to the agriculture value addition and 11.5 percent to the GDP during fiscal year 2020-21 and has emerged as the largest subsector in agriculture. According to Economic Survey of fiscal year 2020-21,

Agriculture credit disbursement witness 4.6% growth

ISLAMABAD: Agriculture credit disbursement remained encouraging during the fiscal year July-March 2020-21 despite the global pandemic. According to the Economic Survey of Pakistan, agriculture lending institutions disbursed Rs 953.7 billion, which is higher than 4.6 percent as compared the disbursement

Petroleum consumption increases by 17.6% in fiscal year

ISLAMABAD: The country’s consumption of petroleum products has increased from 12.5 million ton (MT) to 14.7 MT during first nine months (July-March) of the current fiscal year, posting a growth of around 17.6 percent. According to the Economic Survey 2020-21

Exports increase 13.6% to reach $20.9bn in FY2020-21

ISLAMABAD: The exports from the country during July-April 2020-21 had reached $20.9 billion compared to $ 18.4 billion during the same period last year, showing an impressive growth of 13.6 percent. The country’s exports shown a growth of 13.6 percent

Finance Minister to present National Economic Survey today

ISLAMABAD: Finance Minister Shaukat Tarin will unveil the National Economic Survey 2020-21 on Thursday (today) for the outgoing fiscal year to provide an overview of the national economy, highlighting performance and achievements in different sectors during the fiscal year. In

Budget 2021-22: Rs900 billion allocated for federal development projects

ISLAMABAD: The Senate Standing Committee on Planning, Development and Special Initiatives was informed that Rs 900 billion have been allocated for federal development projects in the upcoming Budget 2021-22. The committee notified Rs 900 billion have been allocated for federal

PM to discuss budget proposals for FY22 in cabinet meeting today

ISLAMABAD: A meeting of the federal cabinet chaired by Prime Minister Imran Khan will be held today in which the budget proposals for the next financial year will be considered. According to details, a 21-point agenda of the national and