budget2013

The final approval would be given on June 17 in a pre-budget cabinet meeting.

Demand withdrawal of all indirect taxes.

E&T offices remained shut on Friday to protest against the federal budget

Statistics bureau and Suparco have different crop figures.

Sattar says the budget has increased the problems of the poor people instead of providing any kind of relief.

On the contrary, tax burden on salaried, non-corporate business classes has risen substantially.

Finance minister constitutes committee; asks for a report within a week.

IMF team to review the country’s ability to pay back previous loans.

Decision to allow duty-free imports of hybrid cars irks manufacturers.

Budgets $5.7b, 137% higher, in external loans and aid for the fiscal year 2013-14.

Claim it will pose additional burden on the poor.

Promises to give Khyber-Pakhtunkhwa its fair share of net hydel profits.

Finance minister has presented a pro-market budget, but its macroeconomic framework will be a hard sell for the IFIs.

Karachi Stock Exchange’s benchmark 100-share index gained 1.94% or 433.15 points to end at 22,757.72 point level.

Finance minister says million-rupee levy - in addition to taxes - is to be paid by only around 3,000 rich people.

The current prices do not allow them to live comfortably within given salary.

PPP spreaded the feeling that “ruthless industrialist from Lahore” would stop support to marginalised segments.

No details as to how the cuts would be implemented have been given.

For previous fiscal year, health allocations stood at Rs22b.

For fiscal 2013-14, agencies working under interior ministry will receive Rs65.24b.

The minimum monthly pension has been raised from Rs3,000 to Rs5,000.

With new financial allocations, The Express Tribune takes the peoples’ perspectives from across Pakistan.

Federal Budget 2013-14 allocates Rs 57.4 billion for development of various areas in higher education.

Most leaders say the budget will not solve the economic woes.

Share 23% higher than estimates for outgoing fiscal year; 3% higher than this year’s original allocation .

Officially announces commitment to project; expects first flow of gas by end of 2014.

New initiatives range from widened tuition support to vocational training.

The increase in GST by even one percent is a lazy move by the government and will add to the burden of living.

Stated defence budget stands at Rs627.2b; actual spending goes up to Rs1,014b.

Total outlay of Rs3.6 trillion, increasing the Federal spending only by 0.6% over last year.

Ishaq Dar appears to have left the drafting of the tax policy to the bureaucrats at the FBR.

Led by oil and energy stocks, benchmark KSE-100 index gains 116 points.

Rs540b will be spent on development to spur economic activity.

Allocation is far lower than the amount doled out in outgoing year.

ADB will provide most of the funds for these plants.

Govt hopes to increase tax-to-GDP ratio to at least 9.7%.

Indirect taxes are hard to evade, but they are regressive in nature, and affect those with lesser incomes unfairly.

The Sindh government has announced to present the provincial budget for the upcoming year on June 17.

Tahir said the finance secretary had assured that employees' pay would see an increase considering inflation.

MQM's Farooq Sattar and PPP's Khursheed Shah criticise increase in sales tax, saying it hurts the poor man.

Rs3.5 trillion federal budget presented with a 10% increase in defence spending, reducing corporate tax rate by 1%.

The declining Pakistani film industry needs to be supported, says film director Sarwar Bhatti.

The budget deficit is looking set to hit Rs2 trillion for the fiscal year that ends June 30, 2013

Power crisis hit GDP growth; deficit expected to swell to Rs1.95 trillion.

Reducing circular debt, austerity, aggressive tax collection key targets.

Growth slowed to even less than what was recorded last year.

Sector grew by a healthy 4.26% during July 2012-March 2013.

Amount higher than what the country has received under the Kerry-Lugar aid package.

Government borrowing to breach 60% of GDP limit set by parliament.

Impedes progress towards MDGs.