Balochistan government has presented the budget for the annual fiscal budget 2020-21. In the budget, the government has decided to introduce changes in colleges on a wide scale through a package. The changes can include the purchase of computers, smartboards, libraries, the supply of scientific equipment, internet facility, and sports equipment. The budget allocated for … Read more
Balochistan Chief Minister Jam Kamal Khan has said that the revenue of the province has increased from Rs 12 billion to Rs 25 billion. According to the details, Balochistan Chief Minister Jam Kamal Khan has said that the budget presented in the Assembly today did not ignore the opposition and funds have also been allocated … Read more
Finance Minister Mir Zahoor Baledi has presented the budget of Rs 460 billion for the year 2020-21 in the Balochistan assembly According to the details, due to high expenditure, the budget deficit has been shown to be Rs 82 billion, 309 billion has been embarked for non-development projects in the budget of Balochistan and Rs … Read more
Pakistan People’s Party Chairman Bilawal Bhutto Zardari has said that Prime Minister Imran Khan has come out openly against the 18th Amendment and NFC Award. PPP Chairman Bilawal Bhutto Zardari while addressing a press conference at the Chief Minister’s House has condemned the attacks on Rangers. He said that since the outbreak, every controversial issue … Read more
The provincial budget for Balochistan’s next fiscal year 2020-21 will be presented today. Provincial Finance Minister Balochistan Mir Zahoor Baledi will present the budget at 4 pm. According to details, the budget is estimated at Rs410 billion out of which Rs305 billion will be allocated for non-development expenditure and Rs105 billion for the development budget. In addition … Read more
Sindh Cabinet on Wednesday has approved the budget 2020-21 proposal for the next fiscal year. According to details, Sindh Chief Minister Syed Murad Ali Shah has said that relief has been given to government employees, farmers and private sector in our budget. We will provide relief to government employees and the people despite financial difficulties. … Read more
Sindh annual budget of around Rs 1,220 billion for the next fiscal year 2020-21 will be presented in the assembly today. According to the details, Sindh Chief Minister Syed Murad Ali Shah, who also holds the portfolio of Provincial Finance Minister, will present the budget proposals. The chief minister would chair a meeting of the … Read more
Federal government on Monday formed a three members committee to review any anomalies in budget proposals. According to Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood, he said in his tweet: “I will be heading a 3 member committee, with Minister of Industries and Chairperson FBR as members; this committee … Read more
A special session of the provincial cabinet chaired by Punjab Chief Minister Usman Buzdar has approved the budget proposals for the new financial year 2020-21. The Punjab cabinet also approved the Annual Development Program 2020-21 while the supplementary budget for the financial year 2019-20 was also approved. The meeting was chaired by Punjab Chief Minister … Read more
As Punjab Government is going to present the budget of Rs2.222 trillion today, the provincial sales tax is expected to be slashed by 5 percent for the majority of services. According to details, the government is going to allow submission of the property tax in two installments due to the novel coronavirus pandemic. Punjab will … Read more
The International Monetary Fund (IMF) had asked the finance ministry not to increase the salaries and pensions of the government employs. According to the reports of BOL News, Finance Ministry sources said that a 10% increase in salaries and pensions will put a burden of Rs 143 billion on the exchequer in a year and … Read more
Advisor to the Prime Minister on Finance and Revenue Abdul Hafeez Shaikh on Saturday said that “The estimated loss to the GDP due to the coronavirus is Rs3 trillion”. Hafeez Shaikh addressed the post-budget conference on Saturday in which he said, “The first nine months, we had a lot of success. In 2018, the national … Read more
The inflation rate has increased by 0.05 percent in a week in Pakistan. According to the statistics, the Federal Bureau of Statistics has issued statistics regarding inflation in Pakistan. The statistics also mentioned that the prices of 19 items have increased in a week whereas prices of 10 items have decreased. The price of the … Read more
Foreign Minister Shah Mahmood Qureshi said the Pakistan Tehreek-e-Insaf (PTI) government provided all possible relief to people in the federal budget by cutting taxes, duties, and tariff In a video message on Saturday, he said that the hallmark of next year’s budget includes no new taxes, duties, and tariffs. “Our effort is to improve the … Read more
Budget 2020-21 Live: Pakistan Tehreek-e-Insaf-led Federal government announces the budget for this fiscal year. This is the second budget to be proposed by PTI. The PTI-led government had announced its first budget in June 2019 and prices of different commodities and taxes on them were decided to be followed in Pakistan. Important Features of Budget … Read more
The Federal government has allocated funds for three hospitals in Karachi. According to details, the federal budget 2020-21 statement mentioned that the government has allocated Rs14.18 billion for three hospitals. The federal government has allocated Rs. 9.242bn for the National Institute of Cardiovascular Diseases (NICVD), Rs. 3.877bn for Jinnah Postgraduate Medical Centre (JPMC), and Rs. 1.07bn for National Institute of … Read more
Pakistan railway labor union protest against the Federal government’s decision not to increase the salaries of government in the budget 2020-21. Protesters claimed that an increase in salaries of government employees in this time of inflation is inevitable. They said that the governors proved labor animosity by ignoring them in the budget for the first … Read more
The federal government has announced a significant allocation in the budget for the next financial year for the financial assistance and welfare of artists. According to the details, the Federal Minister for Industries and Production said that artists are a valuable asset to our country. On the directive of the President, the Government of Pakistan … Read more
Minister for Industries and Production Hamad Azhar presented the budget for the next financial year in the National Assembly in which the budget for various sectors, including education and health. According to the budget documents, the budget for education and services has been increased by about 7.9% for the next financial year. It should be … Read more
Minister for Industries and Production Hamad Azhar presented the budget for the next financial year in the National Assembly in which the budget for various sectors, especially health, has been doubled. In the budget for the next financial year, the amount allocated for health has been significantly increased to more than Rs. 25 billion. The … Read more
Pakistan Muslim League-Nawaz (PML-N) President and Leader of the Opposition Shehbaz Sharif has rejected the second federal budget presented by the Pakistan Tehreek-e-Insaf (PTI) government termed it as anti-people. Shehbaz Sharif said that this budget will lead to a further rise in inflation and unemployment, while the business downturn has set a historic record.” The … Read more
Special Assistant on Poverty Alleviation and Social Safety to the Prime Minister Sania Nishtar said that Rs 208 billion has been earmarked in the budget for the Ehsaas program. She further stated that there are many programs running under Ehsaas Division and many new programs are being launched, including Ehsaas Nashonuma program. Dr Sania Nishtar … Read more
The federal government has presented a budget for the financial year 2020-2020 in which it has been proposed to allocate Rs. 1.29 trillion for the defence budget. In the National Assembly, Minister for Industries and Production Hamad Azhar presented the budget for the financial year 2020-21, in which he said that in difficult circumstances, we … Read more
The National Assembly session was adjourned till 4 pm on Monday. Presiding over the National Assembly session on Friday, Speaker Asad Qaiser adjourned the sitting till 4 pm Monday. A meeting of the National Assembly was held under the chairmanship of Speaker Asad Qaiser to present the budget for the next fiscal year in which … Read more
Federal Minister of industries and production Hammad Azhar has presented the budget for the fiscal year 2020-21 in National Assembly. Government has set total size of budget at Rs7.14tr. While presenting the budget, he said, “No measures have been taken in the past to curb money laundering” “Our goal is to revive the economy” Azhar … Read more
Budget 2020-21 is being announced in the National Assembly. However, the prices of vegetables and fruits have been revealed. Here are the prices of vegetables and fruits. [table id=448 /] Budget 2020-21: Federal cabinet decides not to increase salaries of government employees The federal cabinet has decided not to increase the salaries and pensions of … Read more
The new prices of meat and dairy products have been revealed by BOL News. According to details, the budget for the fiscal year 2020-21 is going to be presented in the parliament today. Prime Minister Imran Khan has approved the new budget. Here are the new prices for meat and dairy products. [table id=449 /]
The government and opposition reached on the consensus that only a maximum of 86 members (one-fourth of the total 342-member house), 46 from the treasury and 40 from the opposition, will be present in the National Assembly at one time. This move is taken in order to ensure social distancing to curb the spread of … Read more
