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Tag Archive | "Budget"

CDA approves tax free surplus budget for 2008-9 year

Friday, June 27, 2008

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ISLAMABAD: Capital Development Authority has approved tax free surplus budget with an out lay of 25.88 billion rupees for financial year 2008-09 with seventy five percent of the amount allocated for development purpose. Briefing media about the salient features of the budget, Chairman CDA Kamran Lashari in Islamabad today, said the current budget is four [...]

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Debates on Budget

Monday, June 23, 2008

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229 MPs participated in NA debate on budget: Speaker PPP committee considers budget strategy ISLAMABAD: Speaker National Assembly Dr Fehmida Mirza has said that about two hundred twenty-nine legislators participated in six days debate on budget and put forth many positive suggestions. In an interview in Islamabad, she appreciated both the opposition and the treasury for [...]

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NA passes finance bill having outlay of Rs. 2010 billion; ML-N’s MNA objects

Sunday, June 22, 2008

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ISLAMABAD: The National Assembly has passed the Finance Bill 2008 thus approving the federal budget for the financial year 2008-09 having total outlay of 2010 billion rupees. The House passed the Bill with amendments proposed by the government to give effect to the Bill from 1st of July this year. Finance Minister Syed Naveed Qamar [...]

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15% tax on rental income to hit traders, masses hard

Friday, June 20, 2008

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ISLAMABAD: Ten percent additional tax on rental income in the budget will not only hurt the small traders and push prices further high but will strengthen the all-powerful real estate mafia.It is duty of the Government to protect people from inflated and uncontrollable business costs by providing equal opportunities to property owners and tenants, said [...]

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Low income groups are the top most priority in forthcoming budget: PM

Thursday, May 29, 2008

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ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani has said that providing tangible and concrete relief with specific financial allocations to the people especially those in the lowest income groups should be the topmost priority of his government in the forthcoming budget. The Prime Minister expressed these views while chairing a briefing on the budgetary matters [...]

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Federal Budget on June 7

Monday, May 26, 2008

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ISLAMABAD: Federal Budget for the fiscal year 2008-09 will be presented in the National Assembly on the seventh of next month. This was stated by the Finance Minister Syed Naveed Qamar at a news conference here on Monday. He said non development expenditure would be slashed and direct relief would be provided to the poor [...]

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Punjab govt doubles food budget for prisoners

Saturday, May 24, 2008

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LAHORE: Punjab government has doubled the food budget for 60,000 jail inmates of 32 prisons in the province. Talking to private TV channel on Saturday, Punjab Home Secretary Nadeem Ahsan Asif said all prisoners would be provided Sharbat (cold drink) once in a summer day and daily two-time tea in winter. He said the government [...]

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PCA urges govt to remove 15% GST on IT Industry

Wednesday, May 21, 2008

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ISLAMABAD: The information technology industry in Pakistan is on the verge of total collapse and in dire need of immediate attention of the present government. The growth of the industry has already shown tremendous and unprecedented decline which is not only a bad omen for the future of the industry but also the future of [...]

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PM assures relief to be given to poor in upcoming budget

Saturday, May 17, 2008

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ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani has said that poorest of the poor would get relief in the forth-coming budget. He was talking to newsmen at Chaklala airbase before his departure for Egypt to attend the World Economic Forum on Middle East. The Prime Minister said during his meetings with the world leaders and [...]

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Multilateral agencies to lend $3 billion: Dar

Sunday, April 27, 2008

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ISLAMABAD: Pakistan will borrow $3 billion from multilateral sources for budgetary support and to maintain foreign exchange reserves at a reasonable level, which are expected to go down to $10 billion by year-end due to increasing oil and wheat import bill. Pakistan is eligible for some concessions on borrowing. Given that this must attach with stringent [...]

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British government to provide £ 30 million in aid to Pakistan

Thursday, April 24, 2008

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The British government has finalized to provide 30 million Pound Sterling as budgetary support to Pakistan before the end of the current financial year. This was stated by British High Commissioner Robet Brinkley during a meeting with Finance Minister Senator Ishaq Dar here on Thursday. Robert Brinkley said that British would raise its assistance to Pakistan [...]

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