Business

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Karachi: Pakistan has received one billion dollars from international financial institution

According to the details, the SBP said that under the Coveted Nineteen Active Response and Expenditure Support Program, Pakistan has received ارب 1 billion from international financial institutions, کروڑ 50 million from the Asian Development Bank and کروڑ 50 million from the World Bank. It may be recalled that the World Bank, Asian Development Bank …

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Tax Free Federal Budget 21-2020 Highlight

Tobacco is 20% more expensiveFabric is 10.34% more expensiveShoes are 10.34% more expensiveThe volume of the new budget is set at Rs 7,294 billion.The available financial resources were estimated at Rs 8,314 billion.Auto rickshaw eliminates advance tax on motorcycle rickshaws and 200 cc motorcycles.70 billion relief was given in petroleum productsThe limit for purchases made …

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ISLAMABAD: Food Items are cheaper in the Federal Budget

According to details, Federal Minister for Industries and Production Hamad Azhar presented a budget of Rs 72.94 trillion for the next financial year 2020-2021, which is 11 percent less than the previous financial year. Cheaper items The government has reduced the price of milk, curd, cheese, butter and ghee in the budget, while rice, fruits, …

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ISLAMABAD: The Budget for the next Financial year will be presented in the National Assembly

The PTI government today presented the budget for the next financial year 2020-21. Federal Minister for Industry Hamad Azhar presented the budget for the next financial year in the National Assembly. Prime Minister Imran Khan was also present in the House on the occasion. The total volume of the federal budget has been kept at …

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ISLAMABAD: Economic Survey Report 20-2019 presented

According to details, Finance Advisor Abdul Hafeez Sheikh while addressing a news conference on Economic Survey said that our foreign exchange has decreased to 8. 8.9 billion due to keeping the dollar cheap but exports have increased but our expenditure has been more than our income this financial year. The finance adviser said that our …

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ISLAMABAD: Pakistan has persuaded an international body to increase salaries and pension

According to details, Pakistan has persuaded the IMF to increase salaries and pensions. It has also agreed not to increase electricity and gas prices till October. According to Pakistani sources, the third round of budget talks between Pakistan and the IMF took place in Islamabad. In which Pakistan has persuaded the IMF to increase salaries …

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Karachi: The Federal Bureau of Statistics (FBS) has released inflation figures for May 2020

According to the details, the data of the Bureau of Statistics states that in May 2020, the inflation rate increased to 0.42%. In the first 11 months of the current financial year, the inflation rate has increased to 11.32%. According to the statistics agency, the inflation rate in May 2020 was 9.07 percent as compared …

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ISLAMABAD: The Prime Minister has approved to present the federal budget on 12 june

According to details, the federal budget for the next financial year will be presented on June 12. Prime Minister Imran Khan has approved to present the federal budget on June 12. Sources said that the finance ministry has banned officials from leaving the capital while Corona has decided to reduce budget targets because of the …

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ISLAMABAD: The State Bank of Pakistan (SBP) has decided to provide salary loans to the victims of Corona virus

According to the details, the SBP said that the business affected by the corona virus has been provided more facility in the payment of salaries. The SBP had on April 10 announced a refinancing scheme under which business people can avail cheap loans so that they can pay salaries to their employees. According to the …

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ISLAMABAD: Finance advisor Hafeez Sheikh has directed all departments and ministries to reduce expenditure

According to details, preparations for the budget for the next financial year are underway. An important meeting was held under the chairmanship of Finance Advisor Hafeez Sheikh regarding the budget outlook. The meeting held at the Ministry of Finance discussed the budget matters for the new financial year Detailed discussions were also held in the …

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