PTI Govt. cuts budget estimates 11 pc for FY21

Karachi, June 12, 2020: The federal government for the first time in the history has reduced budget estimates for the next fiscal year 2020-21 compared to estimates of last fiscal year (FY20) due to Coronavirus pandemic. According to budget documents available to thebizupdate.com, the total outlay of budget 2020-21 is estimated Rs 7,295 billion compare…

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PSDP shrink 18 pc for F21

Islamabad, June 12, 2020: The Federal government has cut the Public Sector Development Programme (PSDP) 2020-21budget by 18 percent for the next fiscal year (FY21). The Public Sector Development Programme (PSDP) is the main instrument for improving the socio-economic conditions in the country and achieving the macroeconomic and development objectives and targets set by the…

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COVID-19 panic may raise further

Karachi, June 12, 2020: Ahmed Chinoy Chairman of Pakistan Cloth Merchants Association has said more than 15 million people are living in Karachi and only 15 Government, private and charitable hospitals are dealing with Coronavirus patients. He has requested the Government to increase the number of beds at HIGH DEPENDENCY UNITS (HDUs) & INTENSIVE CARE…

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