Presenting the budget, Finance Minister Muhammad Aurangzeb announced that PKR 10 billion has been allocated for Karachi’s K-IV Water Supply Project.
Minister says government was aware of the financial pressures faced by salaried individuals
Rs979.840 million has been allocated for two ongoing schemes under the Defence Production Division
Says the government’s focus is on supporting economic growth, improving revenue collection
Rs11 billion in loans have so far been disbursed under the scheme
The budget will be unveiled on Friday.
Globally, gold prices fell by $97 per ounce to $4,102
The budget will be presented on June 12.
The event was held at the IT ministry and attended by senior officials along with representatives from Ignite and Mobilink Bank.
In the international market, gold gained $28 and was traded at $4,326 per ounce
The notification stated that the relief will also be available to consumers of K-Electric.
Finance Minister Muhammad Aurangzeb will present the budget before the lower house of parliament.
Planning and Development Minister Ahsan Iqbal confirmed that several budget-related matters have yet to be finalised
It says such an increase has become unavoidable in proportion to the current inflation rate
The IMF is seeking the withdrawal of tax incentives provided to the solar sector
According to the documents, the current fiscal year’s development budget for Gilgit-Baltistan was set at Rs37.10 billion.
Petrol is mainly used by commuters in small vehicles, rickshaws and two-wheelers.
In the international market, gold prices fell by $14 per ounce, taking the rate to $4,453, including a premium of $20.
Small businesses earning up to Rs200 million annually will pay a fixed tax of 1 per cent on their net income
The budget is likely to be presented on June 10.
Govt to present budget on June 10
During the meeting, the World Bank informed officials that it is considering launching a Health Compact and a Skills Development Programme in Pakistan.
In the international market, gold prices rose by $14 per ounce to reach $4,468
The trade gap fell to Rs721.6 billion in May from Rs1.19 trillion a month earlier, marking an improvement of about Rs470.4 billion and easing pressure on the external sector.
The discussions focused on current expenditure and development spending priorities
The Bobi Deep-1 well successfully tested the Massive Sand interval of the Lower Goru Formation
Internationally, gold prices fell by $86 per ounce
Budget on June 10
Internationally, gold prices gained $46 per ounce
