Mini budget

The government finally managed to pass the Finance Bill 2021 – dubbed as the ‘mini budget’ – through parliament, raising concerns of an imminent price hike and clearing a hurdle before the IMF releases the next tranche as part of

KP, Balochistan to present annual budget 2021-22 today

PESHAWAR: The governments of Khyber Pakhtunkhwa and Balochistan will present the annual budget 2021-22 in their respective provincial assemblies today on Friday (today). KP Finance Minister Taimur Saleem Jhagra will present the provincial budget for the next fiscal year 2021-22

Sindh Budget

Amid strong protest by the whistle-blowing members of three major opposition parties, Chief Minister Syed Murad Ali Shah, who also holds the portfolio for provincial finance minister, presented a Rs1,477.9 billion tax-free budget with a development outlay of Rs329 billion.

Sindh to present annual budget for FY 2021-22 today

KARACHI: The Sindh government will present its budget for the fiscal year 2021-22 with an outlay of over Rs 1.3 trillion in the provincial assembly today on Tuesday. The Provincial Assembly of Sindh’s budget-2021-22 session has been summoned to meet

Sindh-Centre clash

The Sindh government will present its annual budget today. This comes amid a clash with the Centre over not receiving adequate funds for development projects and complaints of bias. The federal government has dismissed allegations but said funds will be

Budget hopes and fears

The development of a country does not only require good performance by the government but also the cooperation of the people. In our country, the policymakers have always different from those who run the state of affairs. As a result,

Real budget relief

The PTI government unveiled its third budget hailed by most economic analysts as satisfactory and an overwhelmingly people-friendly budget. The government is certainly looking to provide some relief in the last years before the next general elections. The government can

Did the government deliver a people-friendly budget?

Federal Minister for Finance Shaukat Tareen has presented the budget for the fiscal year 2021-22 with an outlay of more than Rs 8,400 billion. What measures have been taken for benefit of the people? Which items will become cheaper and

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

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

Budget Day

The federal government will present annual budget for fiscal year 2021-22 in parliament which will the first test for Finance Minister Shaukat Tarin and will lay ground for the future of the PTI government. The budget has been prepared considering

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

Centre-Sindh tussle

The government is set to table the annual budget later this week. This will be the first test for Finance Minister Shaukat Tarin who has vowed to present a budget with no added taxes or the expected increase in power

People-friendly budget

A common saying goes ‘Failing to plan is planning to fail’. Whether it’s our household expenses or the federal budget, we do not realize the importance of planning. We are tied to our archaic traditions and only lament on our

Budget expectations

The month of May brings great hope and anxiety as we take a close look at each passing day and also take a keen interest in TV news and analysis. There is only one event we looking forward to –

Budgetary allocations

The budget for the Fiscal year 2021-22 will be tabled on June 11. It will be the biggest test for the new Finance Minister Shaukat Tarin, who has already started preparations for the budget to bring out-of-the-box solutions this year

Federal secretary finance replaced weeks before budget

ISLAMABAD: The government has replaced the federal finance secretary two weeks ahead of the presentation of the budget for the next fiscal year. Yousuf Khan as the Secretary In-charge with immediate effect after relieving Fazal from his duty. Kamran Afzal

FBR seeks budget proposals for next fiscal year

ISLAMABAD: The Federal Board of Revenue (FBR) has invited proposals from various stakeholders on Income Tax and Customs for consideration in the upcoming budget for the fiscal year 2021-22. “The Federal Board of Revenue is currently engaged in formulation of

NA approves federal budget, passes Finance Bill 2020

ISLAMABAD: The National Assembly on Monday passed the Finance Bill 2020 to approve the budgetary proposals for the next fiscal year. Minister for Industries and Production Hammad Azhar had presented the Rs7.14 trillion budget for fiscal 2020-21 on June 12.

A disappointing budget

The nation had huge expectations from the federal budget 2020-21 particularly the business community that was hoping that the government will provide significant financial relief but were disappointed after the budget was presented. The textile, leather, agriculture and construction sector

KP Assembly presents Rs923 billion budget for FY 2020-21

PESHAWAR: Khyber Pakhtunkhwa Assembly on Friday announced the tax-free budget with a total outlay of Rs923 billion for Fiscal Year 2020-21. Presenting the budget in the Khyber Pakhtunkhwa Assembly, Finance Minister Taimur Saleem Khan Jhagra said the province will receive

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

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

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