Business

Sector falls in govt’s priority list; country’s food security at stake

Expects Rs141.8 billion from US as part of Coalition Support Fund

If approved by parliament, finance minister and FBR will enjoy powers not even allowed to PM by the SC

Majority of the proposed projects are to be financed from the K-P Energy Development Fund

So what was Budget 2017-18 like for these sectors and how much was allocated to each

Govt allocates Rs6 billion for PBM, Rs121 billion for BISP

Interior Division gets Rs15.67b under PSDP

Pensions up 10%; minimum wage raised to Rs15,000; measures to additionally cost national kitty Rs125 billion

A third of money to account for settling foreign loans, paying interest on bank loans

Additional funds allocated for over-budget project of house for NA speaker

Smart schools to be set up; two new colleges to be built

Substantial increase seen in allocations for development funds

Amount does not include Rs180 billion allocated for pensions of military personnel

Inadequate measures to control emerging threats to external sector; no reforms to improve governance of public sector

The Ministry of Climate Change has been earmarked to get Rs815 million for development in the fiscal year 2017-18

New taxes imposed in five years add up to Rs1.3 trillion

Govt withdraws subsidy on fertiliser sales, earmarks Rs15.5b for KE

Govt exempts start-up software houses from income tax for first three years

In outgoing year, receipts are 7% lower than the Rs394.8b target

Announces various incentives for farmers to promote growth

Experts believe KSE-100 is likely to come under pressure, albeit briefly

Move comes after builders and developers contribute a meagre Rs112 million in tax collection during 2016-17

Tax incentives and relief announced for IT and agriculture sectors

The island is home to several key suppliers for Apple's iPhone

The Express Tribune looks at the major sectors and how the country fared in each of them

Jul-Mar FY17 expansion is higher than 4.6% in same period of previous year

Country pays Rs1.41tr in debt servicing in Jul-Mar FY17 against annual budgeted estimate of Rs1.95tr

Total government spending pegged at Rs145.97 billion

Setback for ministry which painted a rosy picture of the education sector

Country’s reliance on imported fuel increases to meet growing demand

Despite worrying macroeconomic indicators, Dar says Pakistan will not need another IMF bailout till 2019

However, bill recoveries hit a 10-year high, subsidy cost goes down

Survey says Pakistan’s revenue from major export markets has remained stagnant

Increased production of important crops helped sector

Activity to gain momentum due to spending on CPEC projects

Does not include Rs50 billion exemption given to IPPs

Upcoming upgrade to MSCI EM index and increased liquidity pushes KSE-100 up 40%

The surge includes outgoing fiscal year’s losses estimated at $3.9b

Fundamental issues in economy remain, states think tank

Gunmen pretending to be policemen had kidnapped two Chinese language teachers in Balochistan’s capital

Finance minister says fiscal deficit will come down to 4.2% in 2016-17

Says despite low global petroleum prices Pakistan’s growing debt unfathomable

Says policies framed without private sector’s input could not give desired results

Signs five-year agreement, will transport 2m tons per year

ECC rejects ministry’s argument, restores levies to shield interest of farmers

The currency market has fluctuated regularly in recent months

The closing price of all shares will now be the average price in the last two hours of the trading session

Credits CPEC for providing stimulus to economic growth, foreign investment

Proposes government to collect tax on ‘face value’ of bonus shares, not on market value

Government has provided required funding for two critical schemes, but road projects remain partially funded