budget20-21

Chaos mars assembly session as MPAs ignore budget debate

Observe that no new development projects have been announced in the city for over a year

Spending around 4% of the total GDP for education sector in the province was still a distant goal

State Dept report says govt published limited information on debt obligations

Construction of 74 new colleges across province to begin soon

Balochistan received its share from federal resources amounting to Rs295.21b while next year it would receive Rs265b

Minister says social sector investment priority of govt during pandemic

Allocation, release of funds continue to hinder development

Senate panel rejects proposal that seeks taxpayers' profile before income tax registration

Govt announces Rs3.64b scheme for people affected by Indian firing on LoC

Excludes revised outlay estimates for the outgoing fiscal year

In the post-budget presser, the person who appeared the most clueless was the Finance Secretary

Lion's share earmarked for police, at Rs102 billion

CM Shah unveils Rs1,241.13 budget; health gets a bump in allocation to fight Covid; salaries go up by 5-10%

Punjab govt to pursue public-private partnership in infrastructure projects

Only 5% of total budget was allocated to police department last year

Revenue targets to be slashed amid pandemic

'Not enough funds allocated for varsities and agriculture, no provisions for boosting business climate' 

Public Finance Management Act
fails to regulate supplementary budgets

Minister censures Centre for not prioritising issues such as pandemic, locust control

The textile industry wanted a reduction in the turnover tax to 1.5% so it could compete with regional competitors

Overseas Pakistanis will be encouraged to send money via banks

Govt looks towards ICT services for education and health solutions

KSE-100 increases 261 points as investors remained cautiously optimistic

In the post-budget conference, PM’s aide says govt has cut its own expenditures to pass on relief to the public

The budget clearly makes an effort to keep the IMF programme afloat by setting a high revenue target

Higher target set at a time when petroleum demand has gone down

Exporters say budget 2020-21 is discouraging for traders

No allocation made for foreign loan repayment in hope of rescheduling by lenders

ABAD chairman says critics must understand the unusual circumstances

Allocates Rs209 billion; power sector will bear the major reduction

With 107 fatalities reported in the past 24 hours, death toll rises to 2,496

NEC sets 2020-21 GDP growth target at 2.1%; development outlay reduced to 1.3tr

Says govt keen to support businesses during current difficult times

PM aide says direct disbursement to growers key objective of govt

We can demonstrate through the budget a move to higher growth that is inclusive, sustainable and promotes stability

Budget should save common people from further economic losses