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 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
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 government is going to announce a budget for the coming fiscal year. The news has raised several significant questions in people’s minds. The common question everyone asks is how this budget will benefit a common citizen of Pakistan. The government has ensured that no new tax will be imposed and more funds will … 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
