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Textile industry rejects ‘one-sided, unrealistic’ budget

FAISALABAD: The textile industry has expressed disappointment over the lack of relief provided in the budget as the situation could worsen amid a severe liquidity crunch and shrinking business. In a post-budget statement, Pakistan Hosiery Manufacturers & Exporters Association (PHMA)

Manipulating budget statistics

The PTI government has presented its second budget for the fiscal year 2020-21. Federal Minister Hamad Azhar’s speech was balanced but the truth will come out only after the budget figures are unveiled. A budget is a document prepared by

Provincial budgets

The federal government has passed the annual budget for the fiscal year 2020-21 and now the attention has shifted to the provincial budgets. The parliament will continue debating and politicians will keep criticising the budget that was passed under stressful

Corona budget

All eyes were on the government as it passed the federal budget 2020-21 amid the coronavirus pandemic. The outbreak has impacted the entire world. Even the most developed countries, and Pakistan could certainly not, escape the economic consequences. The budget

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

Tax-free budget

Finance Adviser Abdul Hafeez said that Pakistan suffered a loss of Rs3 trillion in national income due to the coronavirus outbreak. While presenting the economic survey ahead of the annual budget, the adviser said they inherited a troubled economy on

Past and Present budget – Performance and Expectation

The Pakistan Tehreek-e-Insaf (PTI) government came to power after the 2018 general elections with Prime Minister Imran Khan at the helm of political affairs. The government presented its first budget for the FY2019-20 on 11th June, 2019 amid a much-anticipated

Budget relief

The government is set to pass the federal budget for fiscal year 2020-21. It has already hinted at providing stimulus packages and allocating funds to various sectors in the upcoming budget. The pharmaceutical sector is expected to receive a massive