budget2012

Almost no new project in the city; zero new education, health, infrastructure projects.

Surges 12.3% in May; data indicates price pressure may continue next fiscal year.

Power sector will receive a big chunk of Rs135b.

Development budget enhanced by Rs143 billion to Rs873 billion.

Foreign debt repayments of $2.3b due this year, local debt keeps getting shorter in tenure.

Budget appears to be targeted towards satisfying not the average Pakistani voter but the executive board of the IMF.

Only ‘lifeline’ consumers, using up to 100 units, will be given subsidy.

No major populist moves; proposed outlay only 0.6% higher than budget for outgoing year; deficit projected at 5% GDP

Leader of Opposition adds that Pakistanis don’t have access to basic necessities. Ahsan Iqbal rejects budget.

Around Rs3.205 billion allocated to the Defence Division, Rs15.800 billion to Higher Education Commission.

PML-N, PPP members scuffle during Finance Minister Abdul Hafeez Shaikh's budget speech.

Express News obtains copy of Budget speech. Tax base to be increased by bringing in new taxpayers.

Meeting to elect new chairperson will be held today.

Agriculture, housing, education and health facilities suffered most.

With highest infant mortality rate in South Asia, Pakistan spent 0.27% of its GDP on health in 2011-12.

Finance minister says claim hurt investor sentiment, brought no benefit.

Acknowledges problems but says reforms not possible ‘right now’.

730,000 new consumers added despite electricity shortfall.

It should come as no surprise that the govt missed most of the macroeconomic targets it had set for 2011-12.

While activity picked up slightly in 2012, most subsectors are still contracting.

Domestic borrowing accounts for 60% of total debt.

Control of fuel, food prices out of government hands, people, political parties lose out on relief in the budget.

Budgets, development plans need to spend money on asset-building, refurbishing of decaying infrastructure.

Among major crops, rice and cotton register impressive growth.

Amount is higher than foreign loans expected next fiscal year.

Finance minister highlights overall performance of economy during the out-going fiscal year.

Opposition to register noisy protest at PM Gilani’s first appearance in NA since conviction.

Emphasis will be on ensuring basic facilities such as water, power, health and education to the people.

Government makes it very hard to find out exactly what they are spending on and where it plans to collect its revenues

Half the industrial capacity remains idle.

Petroleum Minister says price will not be a sharp rise rather a gradual increase in the CNG cess

Ministry of Textile Industry has requested a budgetary allocation of Rs42 billion for the next fiscal year 2012-13

Budget allocation soars to Rs39.2 billion in fiscal 2013.

P&D rejects EPD proposal for incinerators in all public hospitals.

Introduction of tariff will boost industry, can enhance sales of locally manufactured tractors, scale down its prices.

We don't want to pay our taxes but we do want the government to continue providing us with relief through subsidising

Plans to raise Rs50 billion in additional taxes, Rs35 billion administratively.

PPP led coalition government will announce the federal budget for fiscal year 2012-13 on June 1 2012 on Friday

Proposals suggest increase in salaries up to 65 per cent in basic pays.

Draft of shadow budget handed over to PM Gilani at meeting between coaltion partners.

PM Gilani to thrash out budget proposals with coalition partners today.

In the last fiscal year, the IHC budget was Rs212 million.