Budget2014

Losses sustained by the country due to the war on terrorism in the outgoing fiscal year stood at $6.7 billion losses

Country sustains a loss of Rs477 billion in the outgoing fiscal year on account of tax exemptions to industrialists

Wheat, maize, rice and sugarcane post positive growth, cotton production shrinks

The primary source of increase in public debt during first nine months of current fiscal year was in domestic debt

Companies listed on Pakistan’s largest bourse receive robust foreign interest and post healthy earnings growth.

Total gas production stands at 1124.8 billion cubic feet during July-March 2013-14.

Government completed Guddu, Uch-2, Nandipur power projects in outgoing year.

Growth in GDP can be attributed to signficant growth trends in the Large Scale Manufacturing sector

Major telecoms have been lobbying for a reduction in taxes.

Real-time, in-depth analysis of the economic survey.

Large Scale Manufacturing, which is a sub-sector of the industrial sector grew by 5.31%.

Banks’ credit to the private sector in 2013-14 shot up to Rs296 billion as opposed to negative Rs19 billion in...

GDP growth rate reached up to 4.14% for the first time in last six years, says Dar.

Shahbaz Sharif forms high-level team to raise provincial resources.

Instead government deciding to squeeze the already taxed.

Focus of government remains glued to traditional measures.

Special Initiatives Report reveals details of unutilised funds, allocations for next year.

Economists at Sindh Express forum propose changes to the budget plans for the next fiscal year.

Provincial govt claims most of last year’s budget has been utilised, opposition disagrees.

Proposal said to have been cleared by PM, faces stiff opposition from textiles ministry.

“The aim of Vision 2025 is to align ourselves with the future challenges and opportunities.” said Minister.

Industry insists it is burdened with already 2% sales tax.

Says it will specifically focus on creating employment opportunities for youth.

Proposal could turn out to be country’s largest revenue generator.

Government says suggestions will be considered before finalising budget.

Analysts believe PSDP projects will help Pakistani industry.

Coming year to remain challenging; tax collection and exports major reasons.

National carrier expects settlement of long-term liabilities.

Public health engineering department shares details of fund allocations.

CM’s adviser claims allocation in the new budget will be doubled.

Haq says social sector is being given priority in the budget for fiscal year 2014-15.

NEC approved federal PSDP at Rs525 billion while the four provinces’ development budget estimated at Rs650 billion.

PM signs off on Rs110b new tax measures.

Trade bodies, associations say their proposals were considered.

Lobbyfor reduction in sales, WHT and abolishing SIM activation tax.

Federation president says both share same concerns ahead of budget.

Rhetoric of increasing education, health budget has not been backed up by numbers.

Finance minister hints at expanding tax base in the upcoming budget.

Clears economic framework, notes that outlook points to significant recovery.

The proposed PSDP is 17% of next year’s tax target and 13.5% of next year proposed budget outlay of Rs3.864 trillion.

Govt is trying to improve next year’s revenue collection numbers by destroying its long-term ability to collect...

GDP growth rate, revenue collection, current account deficit among disturbing stats.

Oil, gas, power production improves slowly but steadily.

Lack of political will, pressure meant tax net was not widened.

Without full-time chairmen, many state-owned enterprises operating with difficulty.

Govt promised much, delivered a lot less in the past one year.

Govt moves slowly as it could sell shares of only one company out of eight.

Govt rushes to revise fiscal accounts, deficit will be 3.8% of GDP.

Govt considering levy in a bid to plug leakages, widen tax base.

Tax rate may be increased from 0.3% to 0.5% of the amount withdrawn.