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Govt earmarks Rs180 billion for export promotion

ISLAMABAD: Finance Minister Muhammad Ishaq Dar on Saturday said Prime Minister Nawaz Sharif has given a package of Rs180 billion for export promotion. He said this in a meeting with a delegation of All Pakistan Textile Processing Mills in Islamabad. During the meeting, matters in respect of textile exports, taxes and proposals for the next budget came under discussion. He said that while finalizing the budget, proposals of the delegation will be given due consideration. Meanwhile, a delegation of fertilizer…

Budget 2014-15: Govt earmarks Rs 205bn for power sector

ISLAMABAD: The government has allocated a sum of Rs 205 billion to execute different projects for the power sector. Finance Minister Ishaq Dar, during his budget speech in the National Assembly, said widespread power shortages had badly damaged our industrial sector and added to the sufferings of the common people. “We have taken a number of steps to address structural problems of the sector including reduction in system losses, improvement in recoveries, elimination of theft and settlement of inter corporate circular debt.…