Economy
APCNGA opposes increased taxes on LNG for CNG sector
Additional taxes to increase the price of CNG by Rs6 per litre, CNG opposed to confusing WHT, ST formula: Ghiyas Paracha. Karachi, June 12, 2019: The All Pakistan CNG Association (APCNGA) on Wednesday sought reversal of proposal of the government to increase customs duty on the import of LNG terming it against the interests of…
PTI Govt unveils Budget FY20 with ambitious target and new taxes
Islamabad, June 11, 2019: Federal Budget with a total outlay of 7022 billion rupees for the next fiscal year, containing relief for the poor and measures for economic stabilization and fiscal discipline, has been announced. Minister of State for Finance Hammad Azhar presented the budgetary proposals in the National Assembly on Tuesday evening. The resource…
PTI-led Govt unveils Rs 7.022 trillion federal budget for Year 2019-20
Islamabad, June 11, 2019: Pakistan Tehreek-e-Insaf government on Tuesday presented its first budget with a total outlay of Rs 7.022 trillion for the fiscal year 2019-20, registering a growth of 30 percent against the revised budget of Rs 5.385 trillion for current fiscal year (2018-19). State Minister for Revenues Hammad Azhar presented the budget in…
Highlights of PSPD 2019-20
Islamabad, June 11, 2019: Following are the highlights of the Public Sector Development Programme (PSDP) 2019-20 — Total outlay of the PSDP for the fiscal year 2018-19 is Rs 1.863 trillion— The share of federal PSDP is Rs 951 billion while that of provincial PSDP is Rs 912 billion— Rs 250 billion has been earmarked…
Federal cabinet gives nod to budgetary proposals for FY 2019-20
Islamabad, June 11, 2019: The Federal Cabinet, chaired by Prime Minister Imran Khan, on Tuesday, gave approval to the budgetary proposals for the fiscal year 2019-20. In a special meeting held here at the PM Office, the cabinet discussed andapproved the proposals of budget 2019-20 that focused on economic stability and sustainable growth, with an…