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| June 10, 2007 | Sunday | Jamadi-ul-Awwal 24, 1428 |
Welcome to DAWN, Pakistan's most widely circulated English language newspaper
Updated round-the-clock, with a major update before 10:00 PST (05:00 GMT)
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Poll-year bid to pacify electorate: •Rs1.874tr budget •Rs398bn deficit •15pc rise in govt employees’ salary and pension •Minimum wages raised to Rs4,600 •Subsidy on tea, sugar, rice and cooking oil •1pc surcharge on imports
ISLAMABAD, June 9: Flavoured with relief and other populist measures ahead of elections, the government presented a Rs1.874 trillion consolidated federal budget for 2007-08 in the National Assembly on Saturday, envisaging a revenue target of Rs1.025...
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Adjustment in taxes to raise Rs44.425bn
ISLAMABAD, June 9: Some tax adjustment proposals have been made in the budget to raise an additional revenue of around Rs44.425 billion. The proposed taxation measures were taken in income tax, sales tax, customs and federal excise with a view to achieving an ambitious target of Rs1,025 billion set for 2007-08....
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Winners only... no losers
KARACHI, June 9: The federal budget announced on Saturday aims at sustaining the country’s robust economic growth that sidesteps reforms, such as clipping the quantum of subsidies as desired by development partners, the World Bank and sister organisations....
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Opposition terms budget pro-elite
ISLAMABAD, June 9: Describing the new budget as pro-elite, the opposition parties on Saturday accused the government of fudging figures and understating defence-related allocations....
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Relief for employees, pensioners
ISLAMABAD, June 9: Minister of State for Finance Omar Ayub Khan announced a 15 per cent increase in the salaries and pensions of government employees and subsidies on food items while...
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Govt retreats on media law
ISLAMABAD, June 9: President Gen Pervez Musharraf on Saturday ordered the authorities to withdraw the controversial Pakistan Electronic Media Regulatory Authority (Pemra) Amendment Ordinance....
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Blood cries disrupt budget speech: Speaker warns three opposition MNAs
ISLAMABAD, June 9: Noisy opposition protests against the May 12 bloodshed in Karachi disrupted the presentation of the new budget in the National Assembly on Saturday, provoking warnings from the chair...
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Rs520bn earmarked for development
ISLAMABAD, June 9: The government has announced Rs520 billion for the Public Sector Development Programme (PSDP) in the 2007-08 budget that is an overall increase of 24 per cent over the...
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Defence allocation rises by 10pc to Rs275bn
ISLAMABAD, June 9: The defence budget for the next financial year has been increased to Rs275 billion from Rs250.2 billion of the current year....
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250,000 low-cost houses planned
ISLAMABAD, June 9: The government will construct 250,000 low-cost housing units to provide cheap accommodation facility to the low-income group....
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Lahore, other cities sizzling
LAHORE / KARACHI, June 9: A punishing heatwave swept across the country and pushed the mercury to 51 degrees centigrade in at least three cities, making Saturday one of the hottest days of the year....
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Opposition senators boycott proceedings
ISLAMABAD, June 9: The opposition in Senate on Saturday boycotted the budget laying proceedings and described the budget as ‘unconstitutional and illegal’ as it did not include the NFC Award....
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Talks on Afghan DPs make progress
DUBAI, June 9: Afghanistan and Pakistan have edged closer to agreement on how to return more than 2 million Afghan refugees to their homeland, an official of the UN refugee agency has said....
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Senate bodies’ chiefs to have suo motu powers
ISLAMABAD, June 9: The Senate Committee on Rules of Procedure and Privileges has decided to grant suo motu power to the chairmen of Senate committees to take notice of any matter....
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Rs579m for FO high security block
ISLAMABAD, June 9: An amount of Rs579.29 million has been allocated in the Public Sector Development Programme (PSDP) 2007- 08 for the construction and furnishing of a high security block at the Ministry of Foreign Affairs....
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Aftab Hussain promoted to AVM
ISLAMABAD, June 9: Air Commodore Aftab Hussain has been promoted to the rank of Air Vice Marshal, said a press release of the Pakistan Air Force here Saturday....
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Iran protests over US ‘spy networks’
TEHRAN, June 9: Iran has handed an official protest to the United Nations accusing the United States of supporting a militant group and creating spy networks inside the country, media reported on Saturday....
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Rs12.6bn earmarked for atomic energy
ISLAMABAD, June 9: The government has earmarked a capital outlay of Rs12.6 billion for atomic energy development in the 2007-08 federal budget which is a 29.8...
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