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Federal Budget

Zardari says Sindh will present budget for three months; federal budget has no legal basis

ISLAMABAD: Former president Asif Ali Zardari on Friday said it was pointless to comment on the federal budget which has no legal and political basis. He also said the Sindh government will present budget for three months. “It is pointless to comment on the budget, an exercise that has no legal, moral and political basis but seems driven solely by greed and political ambition,” he said responding to the Federal Budget 2018-19 presented in the National Assembly by newly-elected Finance Minister Miftah Ismail despite…

Overview of Federal Budget 2018-19

ISLAMABAD: The federal government on Friday announced the budget for the fiscal year 2018-19 with a total outlay of Rs 5.93 trillion as against Rs4.75 trillion for the outgoing year. “The GDP growth rate was 5.4pc last year, which has now grown up to 5.8pc -- the highest in 13 years. Today we are the 24th largest economy in the world. In the last five years, inflation has been kept below 5pc which was up to 12pc when we took over. The budget deficit will remain restricted to 5pc this year," newly-appointed Finance…

Miftah leaves for Washington to attend IMF, WB meetings

ISLAMABAD: Adviser to Prime Minister on Finance Miftah Ismail leaves for Washington to attend spring meetings of the International Monetary Fund (IMF) and the World Bank a few days before the last federal budget of the PML-N government to be announced on April 27. The visit of the finance and economic affairs advisor causing speculation that he may seek some reprieve from international donors and the US government. Miftah Ismail, however, said that the government is not seeking another package from the IMF, which…

Federal budget will reflect inclusive economic growth: Dar

ISLAMABAD: Finance Minister Ishaq Dar on Thursday said that upcoming federal budget 2017-18 would reflect the government's resolve for sustainable and inclusive economic growth. Chairing a meeting to review preparations for the budget, he directed suggestions received from different stakeholders should be taken into consideration in finalising the budget document. The finance minister emphasised that all budget related activities should be undertaken in accordance with the agreed time line.

Dar unveils budget 2016-17, pitches GDP growth target at 5.7pc

ISLAMABAD: Finance Minister Ishaq Dar has unveiled a budget with a total outlay of Rs 4.39 trillion for the fiscal year 2016-17, indicating 7% increase over the outgoing year. Presenting budgetary proposals in the National Assembly on Friday evening, Finance Minister Ishaq Dar described it a historic day for agriculture sector as the budget envisages extensive relief and incentives for farmers. The government has set an ambitious growth target at 5.7pc in the next fiscal year. This is a deficit budget with a Rs 1.2…

Cabinet approves Year 2014-15 federal budget

ISLAMABAD: Federal cabinet chaired by Prime Minister Nawaz Sharif on Tuesday approved budget proposals for year 2014-15, ARY News reported. Federal Minister of Finance Ishaq Dar presented the budget in cabinet meeting, which was approved by the cabinet. Finance Minister Ishaq Dar will announce Pakistan's budget for the next fiscal year in a session of the parliament today.