News & Blogs from Pakistan
Posts tagged Budget
KPK Govt not to impose tax on agriculture sector
Jun 5th
PESHAWAR: The Khyber Pakhtunkhwa (KPK) government has decided not to levy any tax on agriculture sector in the upcoming provincial budget for the fiscal year 2011-2012. According to the sources, the federal government had issued …
Such budgets will eliminate middle class: Pagara
Jun 5th
KARACHI: Spiritual leader of Hurs, Pir Pagara, criticizing the federal budget for 2011-12 presented on Friday, said if more budgets of this sort kept coming they would completely eliminate the middle class, Geo News reported Saturday.
Talking to Geo N…
Devolution: Budget allocations made federal entities
Jun 5th
ISLAMABAD: Chairman 18th Amendment Implementation Committee, Senator Raza Rabbani Saturday said allocations have also been made in the budget for those federal government organizations which were connected with ministries being devolved to the province…
Check & balance system should be in place on defence budget: Finance Minister
Jun 5th
ISLAMABAD: Finance Minister Dr Abdul Hafiz Sheikh had said there should be check and balance system in place on defence budget and its expenditure. Finance Minister said this while addressing post budget briefing 2011-12 here …
Defence expenditures should also be accounted for: FM
Jun 4th
ISLAMABAD: Federal Finance Minister, Dr. Abdul Hafeez Sheikh has said that the defence expenditures should also be accounted for.
Addressing post-budget press conference here, Dr. Abdul Hafeez Sheikh said the defence for any country, in the world that…
Rs31b burden due to tax-net expansion added
Jun 4th
KARACHI: The expansion in tax-net of sales would further burden the people by Rs31 billion.
FBR has stated in the Finance Bill that the tax revenue would be hit by Rs12 billion due to lifting of special excise duty on 392 items.
FBR officials giving …
Pakistan Budget Seen Lackluster: WSJ
Jun 4th
ISLAMABAD: U.S. newspaper Wall street Journal has reviewed Pakistan’s budget announced on June 3, 2011. Saying Pakistan unveiled its budget for the year beginning July 1 but failed to take drastic steps to raise taxes …
US to maintain ”robust” military role in Asia: Gates
Jun 4th
SINGAPORE: Defense Secretary Robert Gates vowed the US military would maintain a “robust” presence across Asia backed up with new high-tech weaponry to protect allies and safeguard shipping lanes.
Seeking to reassure Asian allies mindful of China”s g…
Pakistan’s National Budget: Rising Defence Expenditures, Low Growth and Low Revenue Collection…
Jun 4th
A huge disconnect
By S. Akbar Zaidi, Dawn, June 4, 2011
Compared to his budget speech last year, the finance minister’s speech yesterday was empty and disappointing. It was devoid of much content or merit and failed to identify or address any of Pakistan’s numerous pressing problems.
It is difficult to say what more he would have added had he not faced much of the abuse hurled at the
Federal budget of outlay 2767 million unveiled
Jun 4th
ISLAMABAD: Federal Minister for Finance, Dr Abdul Hafeez Shaikh on Friday unveiled the Federal Budget for the Fiscal Year 2011-12 with an outlay of Rs. 2,767 billion showing an increase of 14.2 per cent against last year, DawnNews reported. The minister also laid before the House the papers for grants and appropriations of supplementary grants. [...]
