Budget

The government looks set to reverse tax concessions extended by the PML-N government to benefit high-earning salaried and non-salaried individuals substantially more than the middle-class workforce. ISLAMABAD: The government looks set to reverse tax concessions extended by the PML-N government to benefit high-earning salaried and non-salaried individuals substantially more than the middle-class workforce. “We are […]

With crucial meetings of the National Economic Council (NEC) and the federal cabinet lined up for the next few days, the government on Sunday firmed up budget proposals, including targets for taxation measures, for 2019-20. ISLAMABAD: With crucial meetings of the National Economic Council (NEC) and the federal cabinet lined up for the next few […]

ISLAMABAD: The meeting of the National Economic Council (NEC), chaired by Prime Minister Imran Khan, approved the National Development Outlay 2019-20 amounting to Rs1.837 trillion, including the federal Public Sector Development Programme (PSDP) and provincial Annual Development Plans (ADPs). The meeting, which was held at the PM Office, reviewed the Annual Plan 2018-19 and the proposed […]

ISLAMABAD: With crucial meetings of the National Economic Council (NEC) and the federal cabinet lined up for the next few days, the government on Sunday firmed up budget proposals, including targets for taxation measures, for 2019-20. Sources said a meeting presided over by Prime Minister’s Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh discussed […]

ISLAMABAD: The budget deficit hit an 11-year high at Rs1.92 trillion, or 5% of the size of national economy, for the nine-month period ended March 2019 due to continued double-digit growth in defence and debt spending, and sinking revenues. From July through March FY19, the gap between expenditures and revenues was recorded at Rs1.922 trillion […]

The budget for next fiscal year (2017-2018) that will be announced on May 26 has been estimated at Rs 4,800 billion by government. Sources told that Rs 866 billion has been suggested to allocate for development projects including China-Pakistan Economic Corridor (CPEC) whereas the difference of Rs 1500 billion between expenses and income is likely. […]

Amid slowdown in revenue growth and higher funding requirements ahead of the elections, the PML-N government appears set to present the last budget of its five-year tenure — for the first time in its third stint. Unlike the past four budgets, PML-N’s performance would be judged at the end of the last fiscal year on […]

IPS Federal Budget Review 2015-16