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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

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

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

Budget amid pandemic

The government will present the federal budget for the fiscal year 2020-21 in parliament on June 12. This budget will be different this year as it is being prepared under the shadow of a global pandemic that has wrecked the

Parliamentary Budget Office

Whenever a government in Pakistan presents a budget, there is scepticism as usual about the integrity of both the budget and macroeconomic figures presented by the government. It is not a secret that past governments at all levels have “fudged”

Bilawal criticizes PTI govt over cuts in higher education budget

KARACHI: On Sunday, Chairman of the Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari, criticized the PTI government’s significant cuts in the higher education budget forcing public-sector universities to take private-sector loans to manage their operations. Bilawal Bhutto figured out that

India’s rising military budget

India has increased its defence budget by six percent with the aim to implement an offensive against Pakistan. It has now become the fifth largest country in terms of defence spending.  Currently, India’s defence budget has been upped to $45.45

Govt releases Rs297.64 bn for development projects

ISLAMABAD: The federal government has released Rs297.643 billion for various ongoing and new social sector uplift projects under its Public Sector Development Programme (PSDP) 2019-20 from the total allocated budget of Rs701 billion. Under its development programme, the government has

US budget deficit soars to almost $1 tn, highest since 2012

WASHINGTON: America’s budget deficit soared to nearly $1 trillion in the 2019 fiscal year as government borrowing swelled, the US Treasury announced Friday. The fourth straight year of broadening budget gaps underscored a new tolerance for yawning fiscal imbalances in