Budget 2016-17

Dar to announce Federal Budget today

ISLAMABAD: Pakistan Muslim League-Nawaz’s fourth budget in the parliament will be announced by Finance Minister Ishaq Dar on Friday. According to details, the total outlay of 2016-17 fiscal year budget will be 4.8 trillion. Sources said that the federal government has allocated Rs. 1354 billion for the payment of debts whereas Rs. 860 is likely to be spent on defence....

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Pakistan’s population growth rate declined to 1.89

ISLAMABAD: Pakistan has been able to witness decline in population growth rate to 1.89 in 2016 as compared to 1.92 in 2015 and 1.95 in 2014. A persistent improvement in health and education indicators along with effective population welfare programmes are key factors for achieving this success, said Pakistan Economic Survey released here on Thursday. It said the Crude Birth...

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50,000 interns to get jobs under PM youth programme during 2015-16

ISLAMABAD: The government is placing 50,000 interns in different public and private organizations paying the stipend of Rs.12000 per month for a period of one year during the year 2015-16 under Prime Minister’s Youth Training Programme. According to Pakistan Economic Survey 2015-16 released here Thursday, the government has approved around 16000 loans and disbursed worth Rs.7102.49 million so far under...

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Govt allocates 4.5 % of GDP for poverty reduction

ISLAMABAD: The government is fully committed to follow a sustained poverty reduction strategy and allocate a minimum of 4.5 percent of GDP for social and poverty related expenditure. According to the Economic Survey unveiled by Finance Minister Ishaq Dar here on Thursday, the government prioritized 17 pro-poor sector through the Medium Term Expenditure Framework (MTEF) in the PRSP-11. Expenditure on...

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Economic Survey 2015-16: GDP growth clocked in at 4.7%, says Ishaq Dar

A day before announcing the budget for fiscal year 2016-2017, the government on Thursday revealed the Economic Survey 2015-16 to highlight its achievements in the past year. While the government achieved several milestones, it also missed some important economic targets. Finance Minister Ishaq Dar said, “According to provisional estimates the GDP growth during 2015-16 remained at 4.71 per cent,” reading...

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FBR recommends hiking cigarette prices

ISLAMABAD: Federal Board of Revenue (FBR) has recommended to hike federal excise duty on cigarettes in financial year 2016-17 budget, reported Monday. According to the recommendation, Rs 200 will be hiked for every 1,000 cigarettes while Rs 450 for another set of 1,000 cigarettes. The imposition of the duty tax will be implemented through two different sets of cigarette brands....

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Upcoming budget to help attain sustained, inclusive growth: Dar

ISLAMABAD: Finance Minister Ishaq Dar has expressed the confidence that measures suggested for the upcoming budget would help attain sustained and inclusive growth. He was chairing a meeting at Federal Board of Revenue in Islamabad on Saturday to discuss finalization of budgetary proposals. The Finance Minister emphasized completion of FBR’s budget related exercise at the earliest. Chairman FBR giving an...

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