Which Ministry will get how much development funds? Which ministry will not be considered? BOL News has revealed the information regarding budget allocated for the different departments and sectors in Pakistan. According to sources, the total volume of the federal development budget for the next financial year has been allocated Rs. 650 billion. It has … Read more
The federal budget for the fiscal year 2020-2021 will be presented today in the national assembly with a major focus to manage the ongoing COVID-19 pandemic. According to details, Federal Minister for Industries and Production Hammad Azhar will present the budget in the National Assembly. Budget 2020-21 will have a volume of Rs 7600 billion, … Read more
Advisor to the Prime Minister on Finance Abdul Hafeez Shaikh has presented the Economic Survey of Pakistan 2019-20 today. Hafeez Shaikh is addressing media on regarding the Economic Survey. He said that Pakistan’s loans increased to Rs25,000bn and they would amount to Rs30,000bn if the total debts and liabilities were included. Hafeez Shaikh said that … Read more
The State Bank of Pakistan has proposed to abolish withholding tax (WHT) on cash withdrawal from banks in Budget 2020-21. It has also asked for doing away with Super Tax on the banking sector. The State Bank of Pakistan has also suggested a tax exemption for the Corporate Restructuring Company (CRC) for five years from … Read more
The International Monetary Fund (IMF) has allowed increasing the salaries of government employees in the budget 2020-21. According to details, the decision has been announced during the third round of budget negotiations between IMF and Pakistan that took place in Islamabad on Tuesday. IMF has also allowed an increase in the pension of retired government … Read more
Prime Minister Imran Khan has called a special meeting of the Federal cabinet today regarding Budget 2020-21. According to details, a special cabinet meeting will be held in which officials will discuss the budget 2019-20 budget. The federal budget for this year is likely to be approved as well. The cabinet will be given a … Read more
Advisor to the Prime Minister on Commerce and Investment Razak Dawood said on Wednesday that the government will make sure new job creation in budget 2020-21 to execute its true vision in the country. The advisor said to the sources that the government will follow the three-prong strategy to accomplish the objective of producing economic … Read more
