Federal Budget: Subsidies to fall by 54%
KARACHI: The government is reducing its targeted subsidy balance by 54% YoY to Rs699 billion for FY23. The subsidies granted to Independent Power Producers (IPPs) and Pakistan Holdings Private Limited…
Federal Budget: Rs800 billion allocated under Public Sector Development
KARACHI: Government has announced an amount of Rs 800 billion has been allocated for Federal Public Sector Development Program. In 2017-18 Federal Development Budget was Rs 1,000 billion. PSDP will…
Rs 5.93 trillion budget presented, defence gets major chunk Full term budget presented by un-elected Finance Minister
ISLAMABAD: The outgoing PML-N government’s newly appointed Finance Minister Miftah Ismail presented a sixth full-term budget in the National Assembly Friday amid a raucous protest staged by opposition leaders calling…
SBP maintains policy rates unchanged at 5.75%
KARACHI: The State Bank of Pakistan (SBP) decided to maintain the policy rate unchanged at 5.75 per cent in new monetary policy announced for next two months. “Pakistan economy posted…
Imposed FED to dampen cement industry’s growth
KARACHI: The government’s decision to increase Federal Excise Duty (FED) on Cement from five per cent to Rs 50 on a 50-kilogram bag, will not only increase Rs 22 on…
Railways Division allocated Rs 41,000 m for 43 dev projects
ISLAMABAD: The Federal Government has allocated Rs 41,000 million for executing 43 development projects of Railways Division in the Public Sector Development Programme (PSDP) for the fiscal year 2016-17 which…
Water projects get Rs 31,716.370
ISLAMABAD: Rs 31,716.370 million have been allocated by the federal government for various ongoing water schemes and new projects under Public Sector Development Programme (PSDP) for next fiscal year 2016-17…