Budget 2017-18

Budget 2017: Govt employees, pensioners get 10% increase

ISLAMABAD: Finance Minister Ishaq Dar on Friday while unveiling the Federal Budget 2017-18 announced a 10% increase in the salaries of government employees. Dar further announced 10% increase in the pension of retired employees, adding that ad-hoc allowance will also be given on basic salary of government employees. The finance minister said the budget recommends an increase in allowances for...

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Budget 2017: Govt employees, pensioners get 10% increase

ISLAMABAD: Finance Minister Ishaq Dar on Friday while unveiling the Federal Budget 2017-18 announced a 10% increase in the salaries of government employees. Dar further announced 10% increase in the pension of retired employees, adding that ad-hoc allowance will also be given on basic salary of government employees. The finance minister said the budget recommends an increase in allowances for...

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Budget 2017: Rs 1614.266 million allocated for agriculture development

ISLAMABAD: The government has allocated Rs 1614.266 million for 15 on-going and 10 new schemes of Ministry of National Food Security and Research under its Public Sector Development Programme (PSDP), for the financial year 2017-18. According the PSDP 2017-18, an amount of Rs 1277.819 million has been earmarked for 15 on-going developmental projects, whereas Rs.333.447 has been allocated for 10...

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Budget 2017: Rs 159.775 million allocated for Cabinet Division

ISLAMABAD: The government has allocated Rs 159.775 million for the Cabinet Division under the Public Sector Development Programme (PSDP) for fiscal year 2017-18. According to budgetary documents released here on Friday, Rs 149.775 million earmarked for ongoing schemes of the Cabinet Division. A total Rs 125 million allocated for the up gradation/strengthening of 6-Aviation Squadron for relief operation and enhancement...

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Budget 2017: Rs180bn for CPEC projects, Gwadar

ISLAMABAD: Finance Minister Ishaq Dar announced an allocation of Rs 180 billion for the projects being constructed under the China Pakistan Economic Corridor (CPEC). The minister said that Gwadar has assumed importance for the national economy where 31 different projects are under construction. The government allocated Rs 180 billion for the CPEC related projects and various development schemes in the...

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Khurshid Shah defends farmers protesting in Islamabad

ISLAMABAD: Opposition Leader said Friday during the National Assembly session on Budget 2017-18, oppression of farmers in Islamabad will not be tolerated. Farmers were marching towards the parliament while protesting ahead of budget announcement and clashed with police which intensified the situation. Metro bus service was also suspended due to the clash. He recorded the protest before Finance Minsiter Ishaq...

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Incumbent govt is presenting its last budget: PTI’s Shah Mehmood Qureshi

ISLAMABAD: The incumbent government is presenting its last budget today, said Pakistan Tehreek-e-Insaf leader Shah Mehmood Qureshi on Friday. While speaking to the media before the budget session started in the National Assembly, Shah Mehmood said the government would try all the methods to give false hopes to the public. He condemned the D-Chowk incident that took place earlier in...

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Dar tables PML-N’s fifth budget amid opposition protest

ISLAMABAD: Finance Minister Ishaq Dar on Friday presented annual budget for next fiscal year in the National Assembly amid protest from opposition benches with analysts closely watching government's final budget before the 2018 election. He in his budget speech it was first time in the history of the country that an elected government was presenting the fifth consecutive budget. "This...

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Govt to present unprecedented budget for next year

ISLAMABAD: Prime Minister Nawaz Sharif Friday said his government would present an unprecedented Rs. one trillion development budget for the next year, as it sincerely believed in serving the masses selflessly. Chairing a meeting of the Parliamentary Party of PML (N), the Prime Minister said despite the huge problems that his government inherited in 2013, today Pakistan was more stronger...

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Country’s economy volume crossed $300b during outgoing financial year: Ishaq Dar

The volume of Pakistan's economy crossed the threshold of three hundred billion dollars during the outgoing financial year. This was stated by Finance Minister Ishaq Dar while launching the Economic Survey for 2016-17 in Islamabad on Thursday. Briefing the media about the performance of different sectors, the Finance Minister said that overall economic growth remained five point two eight percent...

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Rs 1.6 billion Ramzan relief package announced

KARACHI: Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi Monday announced Ramazan Relief Package worth Rs 1.6 billion to provide cheaper commodities to the people at all Utility Stores across the country. Addressing a press conference, he said the package was announced on special directives of Prime Minister Nawaz Sharif to facilitate specially the poor segment of the...

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Govt determined to achieve GDP growth rate of 6%: Dar

ISLAMABAD: According to the spokesman of the Ministry of Finance, the GDP growth rate of the country has reached 5.28 percent, which is highest in the past 10 years. Finance Minister Senator Ishaq Dar on Wednesday extended felicitations to Prime Minister Nawaz Sharif and the whole nation on achievement of 5.28% GDP growth rate, the highest in last ten years....

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Budget aims at achieving sustainable, inclusive growth: Dar

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Monday said the budget for the upcoming fiscal year (2017-18) was being formulated to attain the government’s objective of achieving sustainable and inclusive high growth, which would enhance employment opportunities in the country. Chairing a review meeting here, the minister expressed appreciation over the state of budget preparations, emphasizing continued coordination among all...

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