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mini-budget

Pakistan’s mini-budget supports manufacturing, exports: Moody’s

KARACHI: Moody’s rating agency in a report released on Thursday said the government's recently announced mini-budget supports manufacturing sector and exports. However, it will enhance the challenges of fiscal consolidation for the government. Moody’s report adds that the fresh budget measures would support manufacturing sector, foster exports and import substitution apart from helping narrow current account deficit. On Jan 23, Finance Minister Asad Umar announced the government’s second mini-budget, which largely…

China has given Pakistan additional access to its market: Dawood

KARACHI: Prime Minister's Adviser for Trade and Industry Abdul Razzak Dawood on Saturday said the government is working to hammer out national industrial and tariff policies, ARY News reported. Dawood while talking to industrialists in Karachi, said that China has granted Pakistan an additional access to its market. "We are working to slash unnecessary imports and increase exports". He said unnecessary items will be removed from shelves of super markets and precious foreign exchange will not be spent on such imports.…

‘They haven’t learned anything’: Fawad blasts PML-N on Twitter

ISLAMABAD: Federal Information Minister Fawad Chaudhry on Thursday slammed the opposition Pakistan Muslim League-Nawaz (PML-N) over protest during the presentation of the PTI government’s mini-budget in the National Assembly. Taking toTwitter, the minister said: “For PMLN what they did yesterday was Business as Usual..... they haven’t learned anything.” He was responding to a tweet by one of his followers on the microblogging site, who wrote: “We know u very well. U have history of disrupting NA sessions. U had even…

Mini budget to be presented shortly in parliament

ISLAMABAD: Finance Minister Asad Umar will be presenting the "mini budget" shortly in parliament, reported ARY News. According to sources, suggestions for an increase and decrease in the customs and regulatory duty of many various goods has been recommended. These goods include luxury items, mobile phones, luxurious cars as well as some machinery and raw materials imports. The main purpose of the package is to create better conditions for investment in a struggling economy that is facing a balance of payments…

Opposition likely to strongly oppose govt’s mini-budget in NA

ISLAMABAD: The Opposition is expected to strongly oppose the government’s mini-budget which is due to be presented before the National Assembly (NA) shortly. According to sources, a meeting of leaders of key opposition parties was held in the chamber of Opposition Leader in National Assembly Shehbaz Sharif. Pakistan Muslim League-Nawaz (PML-N) leaders Marriyum Aurangzeb, Rana Taveer, Rana Sanaullah attended the meeting while senior members of Pakistan Peoples Party’s (PPP) - Naveed Qamar, Sherry Rehman, Khursheed Shah,…

Tomorrow an important day, says Fawad

ISLAMABAD: Federal Minister for Information and Broadcasting Fawad Chaudhry said on Tuesday that tomorrow is an important day as the Pakistan Tehreek-e-Insaf led federal government is going to unveil its economic agenda. “The balance of payments and financial emergency resulting from the previous government’s disastrous economic policy were dealt with in the first five months . Now we are giving our economic vision. 2019 is the year of accomplishment of actual targets,” he said in a tweet. کل کا دن اہم ہے ،تحریک انصاف…