Business

Benchmark index rises 278.08 points to settle at 34,937.93

US Energy Information Administration cuts forecast for 2019 world oil demand growth

Hafeez Shaikh says he is ready to 'offend people' to meet revenue target

Spends Rs2.91tr on public debt retirement in outgoing fiscal year

8.2% deficit projected. Income tax threshold slashed. Customs duty on 2,400 tariff lines up.

Task will be to devise, implement programmes for social protection

Pay, pensions rise; income tax threshold slashed; FBR collection target set at Rs5.5t; 8.2% budget deficit projected

According to the budget draft, Rs29.51b have been earmarked for salaries and Rs33.37b pensioners

Amount of Rs120bn have been reserved for the ongoing hydel power projects and Rs697m for new projects

Rs64.2 million earmarked for the four ongoing projects

Govt will provide Rs271.5 billion in FY20

Rs15.383 million allocated for 500 police barracks in Islamabad

Funds will be utilised to improve water productivity, crop yields

Govt allocates Rs1.171 billion against the outgoing year’s revised estimate of Rs980m

Govt imposes 17% sales tax on textile, leather, carpet, sports goods and surgical instrument sectors

Duty levied on cars of all engine capacities

Govt withdraws 3% tax on price differential to close window for legalising black money

Govt eyes collection of Rs359b against Rs486b in previous year

Proposes harsh, inflationary taxation measures to qualify for IMF programme

The Express Tribune reviews new taxes proposed in FY20 and imposed in previous years

Govt is coming after all those who looted public wealth, says Imran Khan

Benchmark index increases 92.3 points to settle at 34,659.85

Trump says further tariffs are ready to kick in if no deal is reached at G20 summit

Russia says it might support an extension in OPEC-led supply cuts

Amount is insufficient for Rs8tr worth of ongoing and new projects that will take 12 years

Minister of State for Revenue Hammad Azhar presents the budget

Grows just 0.85% due to water shortage in FY19 compared to 3.8% target

Improvement seen in electronics, engineering and wood products

It comes mainly due to setting up of new CPEC power plants

Commerce adviser meets PM to seek incentives under tariff rationalisation policy

Finance minister makes pitch for toughest ever budget

PSX hits three-year low at 34,567.55 points; rupee drops to 150.10

Significant amount will now be recovered under a deal with the IMF

The decline in reserves was attributed to payments on account of external debt servicing

Major increase of Rs1.2tr in public debt came from 44% rupee depreciation

Finance adviser makes pitch for toughest ever budget

Decrease comes on account of external debt servicing

Benchmark index decreases 2.64% to settle at 34,567.55

Major challenges during current fiscal year were runaway imports, swelling trade and current account deficits

US withdrawal of tariff threat against Mexico removed cloud over global economy

Inter-bank rate increases by Rs2.40

Experts discuss unpredictable fluctuations in sugar prices

Pakistan’s participation in fast growing halal market has so far been insignificant

Govt should distribute 2/3-wheel electric vehicles amongst poor

It is vital to bring policy innovations to ease burden on lower income group

May attract global fund managers but it will be at the cost of economy

Targets four million income tax filers in two years

Says efforts will be made to put minimum burden on the common man

Besides discouraging smoking, the move would generate revenue of Rs40 to Rs50 billion, says PM's focal person

Tech giants face criticism for cutting their tax bills by booking profits in low-tax countries