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Govt to add development projects on ‘political basis’ in next budget

ISLAMABAD: The federal government has initiated preparations to include development projects based on political considerations in the budget, ARY News reported. According to the details,...

PM chairs session to discuss key features of upcoming budget

Chairman FBR Shabbar Zaidi informed the meeting about progress in the Assets Declaration Scheme recently announced by the government.

Upcoming Punjab budget should depict aspirations of people, directs CM Buzdar

CM Buzdar said "More funds will be allocated for the development of the social sector and resources will be utilized for public welfare and the promotion of health and education sectors."

Tax authorities propose hike in GST rate, other taxes in upcoming budget

The standard rate of General Sales Tax (GST) recommended to increase from existing 17 percent to 18 percent. The one percent hike in GST will generate additional 40 billion rupees in revenues, sources said.

Next budget to be austerity oriented: Hafeez Shaikh

Sheikh said that economy would be in stabilization mode over next six to twelve months before moving in the phase of recovery and high growth.

New tax amnesty scheme to be introduced before next budget: Asad Umar

“Structure of tax scheme has not been finalised yet,” Asad Umar said.

Govt decides to increase defence budget by over Rs100bn: sources

ISLAMABAD: The federal government has decided to increase defence budget by more than Rs100 billion, hence around Rs900 billion would possibly be allocated for the armed forces in next budget, sources told ARY News on Saturday.

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