Budget 2021
Deficit worked out at Rs3.195tr; Rs2.946tr set aside for debt servicing; Salaries, pensions of government employees frozen.
Updated 13 Jun, 2020 08:23am
The allocation represents 11.8pc increase over outgoing year’s budget.
Updated 13 Jun, 2020 08:07am
PM attends budget session as PPP, PML-N term budget ‘anti-public, anti-Pakistan’; predict mini-budgets, job cuts.
Updated 13 Jun, 2020 08:22am
Information Minister Nasir Shah calls the fresh crisis another example of the federal government’s “incompetence”.
Updated 13 Jun, 2020 10:08am
Only two new schemes worth Rs 595 million that are related to preparation and holding of South Asian Games have been made part of the budgetary documents.
Updated 13 Jun, 2020 10:07am
“The Indian cricket team will not travel to Sri Lanka and Zimbabwe owing to the current threat of Covid-19,” says a BCCI statement.
Updated 13 Jun, 2020 10:08am
While the Federal Minister Hamad Azhar termed it a ‘relief budget’, investors graded the budget between “a status-quo” and “disappointing”.
Updated 13 Jun, 2020 10:04am
Under the income tax and sales tax, FBR estimates revenue relief of Rs20bn.
Updated 13 Jun, 2020 09:48am
Even if the lockdown is completely lifted before the commencement of next fiscal year, the second round of Covid-19’s impact will still affect the country’s growth performance.
Updated 13 Jun, 2020 09:49am
By the year end, total external borrowing was curtailed to Rs2.27tr even though they were projected to exceed 3tr.
Updated 13 Jun, 2020 09:50am
Rs30bn subsidy announced for for the Naya Pakistan Housing Authority and Rs2bn for the Metrobus Service, Islamabad.
Updated 13 Jun, 2020 09:51am
Rs900bn economic relief package for people affected by Covid-19.
Updated 13 Jun, 2020 10:00am
There was no relief in the budget for textile industry except reduction of sales tax on local retail.
Updated 13 Jun, 2020 10:01am
This massive increase boosted the non-tax revenue collection and came out to be the single largest source.
Updated 13 Jun, 2020 10:02am
To mitigate virus impact, a Rs70bn plan will focus on education, drinking water and health services.
Updated 13 Jun, 2020 09:19am
The highest chunk of the federal allocation for health sector has been reserved for the NICVD.
Updated 13 Jun, 2020 08:37am
"The govt's priority is to provide relief to the people," he says.
Published 12 Jun, 2020 11:52pm
Minimum sales tax for restaurants falls to 0.5pc from 1.5pc, sales tax for retailers with POS systems to slide to 12pc from 14pc.
Updated 17 Mar, 2021 01:06am
Experts are split over whether the govt has managed to introduce a realistic budget, considering the challenges to the economy.
Updated 12 Jun, 2020 10:33pm
Bilawal says govt presented "disappointing, traditional" budget at a time when the country is facing historic challenges.
Updated 12 Jun, 2020 10:27pm
The budget for the new fiscal year has been referred to as the "corona-budget" by Adviser to the PM on Finance and Revenue Dr Abdul Hafeez Shaikh.
Updated 12 Jun, 2020 06:14pm
Much of what is portrayed in the economic survey cannot be attributed to the disruptions from Covid-19.
Published 12 Jun, 2020 01:50pm
Government projects growth of 2.1pc for next fiscal year, up from a 0.4pc contraction in the outgoing year.
Updated 13 Jun, 2020 04:55pm
In order to be relevant and meaningful, government budgets have to be responsive to the macroeconomic context.
Published 12 Jun, 2020 01:00pm
Govt’s Rs1.24tr stimulus to help economy get back on track.
Updated 12 Jun, 2020 09:36am
The bulk of the increase seems to have come from government domestic debt.
Updated 12 Jun, 2020 09:37am
Though Pakistan’s external sector had been under pressure for a long time and exports were on a downward trajectory by 3.9 per cent.
Updated 12 Jun, 2020 09:44am
The Pakistan Economic Survey points out that Covid-19 was damaging.
Updated 12 Jun, 2020 09:47am
“While domestic production and retail trade were adversely affected by the stabilisation efforts, they received a major blow when the businesses were shut amid lockdown to control the Covid-19.”
Updated 12 Jun, 2020 09:49am
The Covid-19 outbreak has weakened demand putting downward pressure on commodity prices but there is also a risk of supply disruption.
Updated 12 Jun, 2020 09:50am
