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Budget 2017-18

Provinces’ dissent delaying next NFC award, says Dar

ISLAMABAD: Explaining the reason behind delay in the announcement of next National Finance Commission (NFC) award, Finance Minister Ishaq Dar on Tuesday said that the current NFC award would remain intact until consensus with the provinces reached on the matter. The finance minister said it while winding up the budget debate in the National Assembly on Tuesday evening. He said the government wanted to allocate three percent each to Federally Administered Tribal Areas (FATA), Gilgit-Baltistan, and Azad Kashmir out of…

Sindh govt to unveil Rs1 trillion budget today

KARACHI: With the general elections looming on the horizon Pakistan Peoples Party (PPP) led Sindh government is all set to unveil today its 10th consecutive budget with an outlay of over Rs1 trillion for the fiscal year 2017-18, ARY News reported. Sindh Chief Minister Syed Murad Ali Shah, who also holds the finance department’s portfolio, will present the budget in the Sindh Assembly session scheduled to be held at 3:00pm. He is likely to chair a meeting of his cabinet to get the new year budget approved. Official…

Govt will present unprecedented sixth budget next year: Dar

ISLAMABAD: Finance Minister Ishaq Dar on Saturday said that the current government will present the sixth federal budget next year which will be unprecedented in the history of Pakistan. Addressing the post-budget press conference, the finance minister said that this is the best time reach consensus on the charter of economy for sustainability and achievement of socio-economic goals and macroeconomic stability. Explaining the salient features of the Federal Budget 2017-18 passed on Friday, the minister the main focus…

‘Tongue-in-cheek’ updates of Budget 2017-18

DISCLAIMER: The posts on this page are categorized as satire just to make budget news for you less tiresome and more of a fun. These are all fake updates and any resemblance will be purely coincidental. Welcome to the Live Updates !  :D 7:55pm: Minister leaves the assembly after winding up budget speech! 7:21pm: What about third umpire? 7:10pm: "Five years of PML-N" - according to a tweep 6:59pm: This man seriously needs justice! 6:26pm: Budget figures and speech as…

Budget 2017-18 at a glance

Finance Minister Ishaq Dar revealed the national budget 2017-18 today (Friday). Read: Ishaq Dar presents Rs 5.1 trillion budget for FY 2017-18 Here are its features at a glance: – The total outlay of the budget 2017-18 is Rs 5,301 billion. – The resource availability during 2017-18 has been estimated at Rs 4,681.2 billion. -The net revenue receipts for 2017-18 have been estimated at Rs. 2,926 billion. – The provincial share in federal taxes is estimated at Rs. 2,348.2 billion. The net…

Ishaq Dar presents budget 2017-18 – GDP growth rate set at 6%

ISLAMABAD: Finance Minister Ishaq Dar on Friday presented the budget for the upcoming fiscal year 2017-18 with a total outlay of Rs 5.31 trillion. This was the last budget of the Pakistan Muslim League- (Nawaz) government. The finance minister said that today Pakistan is on the cusp of a high growth trajectory as its GDP has grown this year by 5.3% which is a 10-year high. Foreign exchange reserves are at a comfortable level, sufficient to cover about 4 months of imports; tax revenues have increased by 81% over the last…

Federal Cabinet approves budget proposals

ISLAMABAD: Federal Cabinet in a meeting chaired by Prime Minister Nawaz Sharif approved the proposals for the Federal Budget 2017-18, ARY News reported. Prime Minister Nawaz Sharif's government will present the fifth budget of its five-year tenure today. The total volume of the next fiscal year's budget will be 4.8 trillions. Sharif earlier chaired the parliamentary party meeting of his Pakistan Muslim League-Nawaz. He said the government is determined to bring positive reforms in governance despite opposition from…

Finance Minister launches economic survey, economy grows by 5.28 pct

ISLAMABAD: Finance Minister Ishaq Dar while launching the Economic Survey for the outgoing financial year said that the national economy has achieved high growth rate of 5.28 percent, ARY News reported on Thursday. The government in the fiscal year 2016-17 federal budget had set a target of 5.7 percent but failed to achieve it. Highlighting salient features of the Economic Survey Ishaq Dar talked about the performance of different sectors of the national economy in the outgoing year. The Finance Minister providing…

Media to be facilitated in upcoming budget: Dar

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar said Monday that all possible facilitation would be extended to electronic media, which along with print media, was playing a key role as a bridge between the government and the masses. The Minister was talking to a delegation of the Pakistan Broadcasters Association (PBA). The delegation discussed with the Minister budget proposals regarding taxation on electronic media and apprised him of certain issues that needed redressal, said a statement from the Finance…

Salaried class will get maximum relief in upcoming budget, claims Dar

WASHINGTON: Finance Minister Muhammad Ishaq Dar in a pre-budget discourse apprised media here that salaried class and common man would get maximum relief in the upcoming budget while dispelling considerations of drastic taxes.   Addressing a news conference, he said that Pakistan was making an impressive headway in financial and digital inclusion by demonstrating a hope that GDP growth over five percent would be achieved during the current fiscal year. Forecasting a stable economy, Dar expressed confidence to achieve…