The budget for the financial year 2022-2021 will be presented in the National Assembly today. The total volume of the budget for the year 2021-22 is likely to be more than Rs 8,000 billion, which will be presented by the Federal Minister of Finance Shaukat Tarin in the National Assembly. Will there be an increase … Read more
Pakistan Tehreek-e-Insaf (PTI) led government is all set to present the federal Budget 2021-22 on June 11, Prime Minister Imran Khan has beckoned a special session of the federal cabinet tomorrow (Friday). Finance Minister Shaukat Tarin will brief the bureau on budget dispensing, revenue target, budget deficiency, and other significant issues identified with FY budget … Read more
The Sindh government will likely declare a relief package for senior citizens in the forthcoming provincial budget 2021-22. The government will publicize the issuance of the ‘Senior Citizen Azadi Card’ to the province’s senior citizens. Around 300 million rupees distribution is proposed for the Senior Citizen Azadi Card in the 2021-22 budget. The citizens having … Read more
KARACHI: The Finance Ministry has estimated a 7 per cent fiscal deficit for the outgoing fiscal year, despite reduction in the expenditures and increase in revenues. According to the Economic Survey of Pakistan released on Thursday, the fiscal deficit has been estimated at 7 per cent of GDP during the outgoing fiscal year 2020/21, compared … Read more
Budget 2021-22: The federal budget is scheduled to be announced on June 11, but Revenue Division sources say top tax officials are still discussing key revenue measures. According to the report, contrary to the claims of the government’s economic team that the forthcoming budget will be tax-free, in fact, the budget is expected to impose … Read more
The Punjab Home Department has proposed to allocate funds for development schemes worth over Rs1.9 billion in the budget for the next financial year. According to sources, the Home Department has sought funds for development schemes worth over Rs1.9 billion for the next financial year, with 50 to 70 per cent of these funds likely … Read more
In a press release by the PPP media cell on Wednesday, The PPP chairman Bilawal strongly criticized the PTI-led government’s decision of the National Economic Council. “Imran Khan has made the future of the nation a joke,” quoted Bilawal. The PPP chairman said that the “mafia” working under Imran Khan “claims to focus on development … Read more
PPP Chairman Bilawal Bhutto Zardari on Wednesday “rejected” the upcoming budget for 2021-22, saying that the “selected prime minister made a selected budget which will not be accepted in any way”. The PPP chairman strongly criticized the decision of the National Economic Council to allocate a “meager” fund for the health and education sector in … Read more
KARACHI: The government is ready to present the Federal Budget 2021-22 on Friday (June 11), keeping in mind the impact of the coronavirus pandemic, which has badly affected the world economies. Federal Finance Minister Shaukat Tarin will present the budget in the parliament. Sources said the budget would focus on measures to mitigate the sufferings … Read more
The Punjab government is all set to present the budget 2021-22, before the provincial assembly on June 14 with an anticipated increase of 10 percent in salaries and pensions of the government workers. The striking features of the Punjab budget, other than a rise in the salaries, the major development outlay-Annual Development Plan (ADP)- for … Read more
The next budget is likely to be positive for Pakistan stock market investors. According to sources, the government has been decided to reduce the capital gains tax rate in the next national budget and the capital gains tax rate is likely to be reduced by 3% on the profits of shares in the stock market. … Read more
