Budget 2021
Deficit worked out at Rs3.195tr; Rs2.946tr set aside for debt servicing; Salaries, pensions of government employees frozen.
Updated 13 Jun, 2020 08:23am
The allocation represents 11.8pc increase over outgoing year’s budget.
Updated 13 Jun, 2020 08:07am
PM attends budget session as PPP, PML-N term budget ‘anti-public, anti-Pakistan’; predict mini-budgets, job cuts.
Updated 13 Jun, 2020 08:22am
Information Minister Nasir Shah calls the fresh crisis another example of the federal government’s “incompetence”.
Updated 13 Jun, 2020 10:08am
“The Indian cricket team will not travel to Sri Lanka and Zimbabwe owing to the current threat of Covid-19,” says a BCCI statement.
Updated 13 Jun, 2020 10:08am
Only two new schemes worth Rs 595 million that are related to preparation and holding of South Asian Games have been made part of the budgetary documents.
Updated 13 Jun, 2020 10:07am
While the Federal Minister Hamad Azhar termed it a ‘relief budget’, investors graded the budget between “a status-quo” and “disappointing”.
Updated 13 Jun, 2020 10:04am
This massive increase boosted the non-tax revenue collection and came out to be the single largest source.
Updated 13 Jun, 2020 10:02am
There was no relief in the budget for textile industry except reduction of sales tax on local retail.
Updated 13 Jun, 2020 10:01am
Rs900bn economic relief package for people affected by Covid-19.
Updated 13 Jun, 2020 10:00am
Rs30bn subsidy announced for for the Naya Pakistan Housing Authority and Rs2bn for the Metrobus Service, Islamabad.
Updated 13 Jun, 2020 09:51am
By the year end, total external borrowing was curtailed to Rs2.27tr even though they were projected to exceed 3tr.
Updated 13 Jun, 2020 09:50am
Even if the lockdown is completely lifted before the commencement of next fiscal year, the second round of Covid-19’s impact will still affect the country’s growth performance.
Updated 13 Jun, 2020 09:49am
Under the income tax and sales tax, FBR estimates revenue relief of Rs20bn.
Updated 13 Jun, 2020 09:48am
To mitigate virus impact, a Rs70bn plan will focus on education, drinking water and health services.
Updated 13 Jun, 2020 09:19am
The highest chunk of the federal allocation for health sector has been reserved for the NICVD.
Updated 13 Jun, 2020 08:37am
"The govt's priority is to provide relief to the people," he says.
Published 12 Jun, 2020 11:52pm
Minimum sales tax for restaurants falls to 0.5pc from 1.5pc, sales tax for retailers with POS systems to slide to 12pc from 14pc.
Updated 17 Mar, 2021 01:06am
Experts are split over whether the govt has managed to introduce a realistic budget, considering the challenges to the economy.
Updated 12 Jun, 2020 10:33pm
Bilawal says govt presented "disappointing, traditional" budget at a time when the country is facing historic challenges.
Updated 12 Jun, 2020 10:27pm
The budget for the new fiscal year has been referred to as the "corona-budget" by Adviser to the PM on Finance and Revenue Dr Abdul Hafeez Shaikh.
Updated 12 Jun, 2020 06:14pm
Much of what is portrayed in the economic survey cannot be attributed to the disruptions from Covid-19.
Published 12 Jun, 2020 01:50pm
Government projects growth of 2.1pc for next fiscal year, up from a 0.4pc contraction in the outgoing year.
Updated 13 Jun, 2020 04:55pm
In order to be relevant and meaningful, government budgets have to be responsive to the macroeconomic context.
Published 12 Jun, 2020 01:00pm
Achieving revenue targets of both tax and non-tax segments would be challenging due to disruption in economic activity.
Updated 12 Jun, 2020 10:05am
Tax exemptions are the revenues foregone by the state by granting exemptions under different categories to various industries and other groups.
Updated 12 Jun, 2020 09:57am
Positive growth noted in all important crops except cotton and sugarcane.
Updated 12 Jun, 2020 09:56am
The survey said that except for fertilisers, almost all other sectors witnessed decline in the July–March period.
Updated 12 Jun, 2020 09:56am
“The present government after taking over made concerted efforts to clear the circular debt, however, the same has continued to rise.”
Updated 12 Jun, 2020 09:53am
The Covid-19 outbreak has weakened demand putting downward pressure on commodity prices but there is also a risk of supply disruption.
Updated 12 Jun, 2020 09:50am
