Tag Archives: Budget2021

PM Imran Khan tasks spokespersons to create awareness about budget 2021-22

PM Imran Khan tasks spokespersons to create awareness about budget 2021-22

  Prime Minister Imran Khan addressing the 75th session of the United Nations, on September 25, 2020. — PID/File PM directs spokespersons to foil designs of elements creating misunderstandings about budget. Budget based on development, with an aim to further strengthen economic stability, says PM Imran Khan.  Prime minister says despite COVID-19, Pakistan achieved economic […]

Ahead of Punjab budget, more than 10 Opposition members meet CM Buzdar

[ad_1] More than 10 members of the Opposition on Sunday met with Chief Minister Punjab Usman Buzdar, a day ahead of the Punjab budget. The Opposition members were Punjab Assembly lawmakers belonging to the PML-N and PPP. Among those present were Jalil Sharaqpuri, Chaudhry Ashraf Ansari, Muhammad Ghayasuddin, Muhammad Faisal Khan Niazi, Raees Nabeel Ahmed, […]

Bilawal terms 2021-22 budget an ‘economic attack on Pakistanis’

[ad_1] PPP Chairman Bilawal Bhutto Zardari addressing a press conference in Islamabad, on June 12, 2021. — PPP   PTI will not be permitted to “play with the nation’s future”, says Bilawal. PM Imran Khan “deaf, dumb, and blind” to the plight of the average citizen, he says. “[PM] has exposed his anti-people agenda with the […]

Post-budget: Additional tax of Rs500b to be collected next financial year, says Shaukat Tarin

ISLAMABAD: Additional tax of Rs500 billion will be collected in the next financial year, said Finance Minister Shaukat Tarin in a post-budget press conference Saturday afternoon. A day earlier, the government had unveiled the budget for fiscal year 2021-22, with the outlay kept at Rs8,478 billion and the tax target set at an ambitious Rs5,829 […]

Businessmen praise budget 2021-22, but warn of long-term impact on trade

Businessmen hail budget, but warn of long-term effects. Former KCCI president Zubair Motiwala calls it a “balanced budget”. Questions government’s ability to meet its revenue target, which is 24% higher or Rs1,230 billion higher than last fiscal year. KARACHI: Pakistan’s business community believes the government’s budget for 2021-22 “seems balanced”, but has warned of possible […]

Annoyed by hoarders, ‘mafias’, govt to step into agri sector supply chain

[ad_1] Geo.tv/Illustration. As the annual budget for fiscal year 2021-2022 was announced on Friday — inviting mixed reactions from the business community and vehement criticism from the Opposition — the PTI-led government vowed to bring relief to the masses by controlling inflation, especially in the prices of essential food items. Delivering his speech while presenting […]

How will the new budget affect the common citizen?

A person can be seen counting currency in Karachi, Pakistan, on June 11, 2021. — Geo.tv The federal government on Friday unveiled a “people-friendly” budget with a total outlay of Rs8,478 billion and an ambitious tax target of Rs5,829 billion. But that’s macro-finance. How will the new budget affect the common citizen? The PTI-led government […]

Where does the govt expect to find the money to spend on its new budget?

A person can be seen counting currency in Karachi, Pakistan, on June 11, 2021. — Geo.tv The federal budget for fiscal 2021-22 has been announced today, and we are waiting for analysts, businesspersons and pundits to wrap their heads around the document and analyse what financial wizardry (and acrobatics) the government has applied to tell […]

Budget 2021: PML-N’s Ahsan Iqbal calls 10% increase in salary ‘worst joke’

[ad_1] PML-N leader Ahsan Iqbal. Photo: File PML-N leader Ahsan Iqbal on Friday slammed the government’s proposal to increase the income of salaried individuals by 10% and called the move the “worst joke”. “A 10% increase in the salaries after record inflation is the worst joke made by the government with them,” tweeted Iqbal as […]

Opposition decides to give govt ‘tough time’, vows to not let budget pass

[ad_1] PPP Chairman Bilawal Bhutto Zardari and PML-N President Shahbaz Sharif speaking to media in Islamabad after the budget session in Islamabad, on June 11, 2021. — YouTube PM, finance minister’s claims of economic growth “baseless amid historic poverty”, Opposition says. PPP chairman Bilawal Bhutto Zardari says party’s lawmakers will entrust their votes to Opposition […]

HEC to get Rs42.45 billion in new budget

[ad_1] The logo of the Higher Education Commission. — File photo Higher Education Commission has been allocated Rs42,450 million. Rs29,736 million have been earmarked for ongoing schemes. Rs12,713 million have been set aside for new schemes. ISLAMABAD: The federal government has allocated Rs42,450 million for the Higher Education Commission (HEC) for the fiscal year 2021-22 under […]

Budget 2021-22 at a glance

— Reuters/File The government unveiled the budget for the fiscal year 2021-22 on Friday, with the outlay kept at Rs8,478 billion and the tax target set at an ambitious Rs5,829 billion. So what’s the government’s plan for the next fiscal year? Let’s find out: Resources: The government has set the target of tax revenue at […]

Tarin unveils govt’s aggressive ‘bottoms-up’ approach to transfer ‘real benefits’ to poor

[ad_1] Children, whose families were displaced by heavy floods, pose for a photograph near a camp while taking refuge in Nowshera, in northwest Pakistan, July 22, 2011. — Reuters/Fayaz Aziz Shaukat Tarin says ‘trickle-down’ approach never brings real relief for the poor; introduces government’s ‘bottoms-up’ approach to change this. The uplift scheme will empower 4-6 […]

Budget 2021-22: Govt proposes 10% increase in pensions, salaries

[ad_1] Govt proposes increase in orderly allowance from Rs14,000 to Rs17,500 per month. Integrated allowance of grade 1 to 5 employees increased from Rs450 to Rs900. To minimise inflationary pressures, govt increases minimum wage to Rs20,000 per month. ISLAMABAD: The federal government on Friday announced the addition of an ad-hoc relief of 10% in the […]

Budget 2021-21: Highlights of PSDP

Illustration/ via Geo.tv  The federal government has announced a Rs2.1 trillion outlay for the Public Sector Development Programme (PSDP), with Rs900 billion set aside for federal and Rs1.235 trillion for provincial development programmes. Aviation Division – Rs3,558.2 million Board of Investment –  Rs80 million Cabinet Division – Rs46,155 million Climate Change Division – Rs14,327 million […]