Budget 2019 - 2020 News and Reviews

Govt allies would vote against budget, claims Marriyum Aurangzeb

ISLAMABAD (Dunya News) – Spokesperson of Pakistan Muslim League Nawaz (PML-N) Marriyum Aurangzeb said they would not let this public enemy IMF budget get passed from parliament. She claimed that all government coalition partners would vote agai...


Finance Advisor visits FPCCI for removal of anomalies in budget

(Web Desk) – Advisor to Prime Minister (PM) on Finance Dr Abdul Hafeez Sheikh on Wednesday visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to devise a strategy to remove anomalies in the budget. The Founder President P...


Budget 2019-2020:Balochistan govt increases salaries, pensions by 10pc

QUETTA (Dunya News) - Balochistan Fin¬ance Minister Mir Zahoor Ahmed Buledi presented the province’s budget for 2019-20 with an outlay of Rs 419 billion in the Balochistan Assembly on Wednesday. The salaries and pensions of government empl...


Those making empty threats cannot do anything about the budget: Firdous Ashiq Awan

ISLAMABAD (Dunya News) - The Prime Minister s Special Assistant on Information, Dr Firdous Ashiq Awan, said government would consider opposition’s suggestions if presented in a democratic way but not by intimidating the government. She sa...


Pakistan on positive trajectory, results would appear soon: PM Imran Khan

LAHORE (Dunya News) – Prime Minister Imran Khan said in past the rulers looted the country with both hands and results of that looting are being beard now. He said Pakistan is now on a positive trajectory and good results would soon benefit peo...


Voting in favor of budget is crime : Maryam Nawaz

LAHORE (Dunya News) – Vice president of Pakistan Muslim League Nawaz (PML-N) MAryam Nawaz said the troubles of common men have increased after the budget. She said those voting in favor of budget would be a criminal in the eyes of nation. Talk...


Govt to achieve Rs.5.5 trillion revenue target next year: Omar Ayub

ISLAMABAD (Web Desk) - Making an opening speech on the budget from treasury benches, Minister for Power Omer Ayub emphatically stated that the revenue target of 5.5 trillion rupees set for the next fiscal year will be achieved by the PTI led governme...


KP unveils Rs900 billion surplus budget for FY2019-20

PESHAWAR (Dunya News) – The Khyber Pakhtunkhwa new surplus budget for fiscal year 2019-20 with a record outlay of over Rs900 billion was announced on Tuesday. Presenting the budget in the provincial assembly, Finance Minister Taimur Saleem Jh...


Bilawal Bhutto holds meeting, prepares plan for rallies against budget

ISLAMABAD (Dunya News) – Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Tuesday has conducted meeting of party members and prepared plan for rallies in parts of country against the budget for fiscal year 2019-2020. In a meetin...


KP budget of approx Rs900 billion being presented in Provincial Assembly

PESHAWAR (Dunya News) – The provincial cabinet of Khyber Pakhtunkhwa (KP) on Tuesday has approved around Rs900 billion as the budget for the upcoming fiscal year 2019-20, Dunya News reported. The budget is being presented in the Provincial Ass...


Federal cabinet to deliberate upon budget approval as opposition threatens protest campaign

ISLAMABAD (Dunya News) - Prime Minister (PM) Imran Khan on Tuesday is scheduled to preside over a meeting of the federal cabinet in Islamabad to examine a 15-point agenda, including the anti-government protest campaign being planned by the opposition...


PM directs parliamentarians to play active role in approval of budget from NA

ISLAMABAD (Dunya News) – Prime Minister Imran Khan on Monday directed the parliamentarians of the Pakistan Tehreek-e-Insaf (PTI) to play active role in approval of budget for the Fiscal Year 2019-20. Chairing a meeting of PTI s parliament...


PM directs senators to adopt aggressive strategy over opposition's protest

ISLAMABAD (Dunya News) – Prime Minister Imran Khan on Monday while directing the ruling Pakistan Tehreek-e-Insaf (PTI) to adopt an aggressive strategy asked to fully respond to opposition’s protest. He said this in his meeting with Senat...


Bilawal-Maryam meet up decide to oppose passing of the budget

LAHORE (Dunya News) – Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz on Sunday hosted a meeting with Pakistan People’s Party (PPP) chairman Bilawal Bhutto Zardari at Jati Umra to devise a joint strategy for giving a toug...


Exports inevitable for economic growth: Hafeez Sheikh

ISLAMABAD (Dunya News) – Finance Advisor Adul Hafeez Sheikh said it is important to trade with other countries for economic growth. He said subsidy for electricity is only for poor. He said IMF board will visit Pakistan on July 3 to review its ...


Eqaul development across Punjab pivotal of budget: Hashim Jawan

LAHORE (APP) - Provincial Finance Minister Makhdoom Hashim Jawan Bakhat said on Saturday that equal development across Punjab, social protection and human resource development were the pivotal of provincial budget 2019-20. Addressing the post budget...


Development funds worth 617 billion issued in current FY

ISLAMABAD (Dunya News) – Rs 617 billion were spent on developmental schemes in current fiscal year. According to the details, developmental budget was slashed to Rs 675 billion from Rs 800 billion in current fiscal year. Federal departments an...


Presented best budget within available resources: CM Murad

KARACHI (Dunya News) – Chief Minister of Sindh (CM) Murad Ali Shah on Saturday has said that the provincial government had presented best possible budget within available resources. Addressing a post-budget conference in Karachi, the CM sai...


Sindh CM presents Rs1,217bn provincial budget for fiscal year 2019-20

KARACHI (Dunya News) – Sindh Chief Minister Syed Murad Ali Shah on Friday presented Rs1,217 billion provincial budget for the fiscal year 2019-20. Presenting the budget, Sindh Chief Minister Syed Murad Ali Shah said that province’s reven...


Punjab govt presents over Rs2.3tr budget for fiscal year 2019-20

LAHORE (Dunya News) – Pakistan Tehreek-e-Insaf-led (PTI) Punjab government on Friday unveiled the provincial budget with a total outlay of over Rs2.3 trillion for fiscal year 2019-20 in the provincial assembly on Friday. Presenting the budge...


BNP Mengal pledges support to budget for FY2019-20

ISLAMABAD (Dunya News) – Balochistan National Party (BNP) Akhtar Mengal will support the approval of federal budget 2019-20 after government agreed the terms to provide energy, build roads and dams in Balochistan on Wednesday. According to so...


No new taxes proposed in Sindh budget: Sources

KARACHI (Dunya News) – Sindh government has prepared the budget document for fiscal year 2019-20. Rs 13 trillion budget would have a deficit of 60 billion. The budget would be presented on June 14 in Sindh Assembly. No new taxes will be implem...


Govt makes registration of Rs 40,000 prize bond compulsory

ISLAMABAD (Dunya News) – Federal Board of Revenue (FBR) has decided to speed up the implementation of Amnesty Scheme. FBR is preparing to make benami prize bonds of Rs 40,000 unfunctional. According to Dunya News sources, government is tighten...


Punjab, Sindh budgets on Friday while KP's budget on Tuesday

LAHORE (Web Desk) - Punjab Assembly session will start at Assembly Building in Lahore tomorrow (Thursday). During the session, Provincial budget will be presented on Friday at 3 PM. Sindh government will also present provincial budget for the next f...


Govt allocates Rs271 billion for subsidies

ISLAMABAD (Dunya News) - The Pakistan Tehreek-e-Insaf (PTI) government has allocated Rs271.5 billion as subsidies for FY2019-20. Government would provide 6% more subsidies as compared to FY2018-19 in the fields of energy, agriculture and industries....


Green Pakistan Programme to be upscale with Rs 7500 mln

ISLAMABAD (APP) - Pakistan Tehreek-i-Insaf (PTI) government is all set to upscale phase-I of Green Pakistan Programme Ten billionTree Tsunami with an amount of Rs 7500 millions to make this project a role model. According to an official of Ministry ...


Govt enhanced allocations to protect vulnerable segments: Hafeez Sheikh

ISLAMABAD (Web Desk) – Adviser on Finance Hafeez Sheikh has said despite difficult economic situation, the government has enhanced allocations for protection of vulnerable segments of the society and development projects in the next year’...


Pakistan vows to raise revenues with new budget following IMF deal

ISLAMABAD (AFP) - Pakistan Prime Minister Imran Khan’s government vowed to collect more taxes and make spending cuts in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout....


Punjab, Sindh budgets for financial year 2019-20 to be presented on Friday

ISLAMABAD (Dunya News) - Punjab budget for the next financial year will be presented in the provincial Assembly on Friday. Minister for Finance Hashim Bakht Jawan will present the budget in the house. Meanwhile, Sindh budget will also be presented ...


Gwadar gets over Rs 4 billion for uplift projects

ISLAMABAD (APP) – The government has allocated over Rs 4 billion for the development of Gwadar for fiscal year 2019-20 through various projects including construction of airport, railway corridor, desalination plant and fish landing jetty. The...


PM announces to form high-powered commission to probe loans acquired in last 10 years

ISLAMABAD (Dunya News) – Prime Minister Imran Khan on Tuesday announced to form a high-powered inquiry commission to probe into the Rs24000 billion loans acquired in the last 10 years. In his address to the nation, he said that the commission ...


Salient features of budget for fiscal year 2019-20

ISLAMABAD (Dunya News) - Minister of State for Revenue Hammad Azhar presented Rs7.02 trillion federal budget for FY20 today (Tuesday). The Salient features of this budget are: The austerity-oriented budget, approved by the cabinet, has proposed a...


Incompetent govt burdened public with IMF budget: Maryam Nawaz

LAHORE (Dunya News) – Vice president of Pakistan Muslim league Nawaz (PML-N) and daughter of incarcerated former premier Nawaz Sharif criticized the PTI government for their first federal budget. The Pakistan Tehreek-e-Insaf (PTI) led federal ...


Govt announces pro-business, people friendly budget: Abdul Razak

ISLAMABAD (Dunya News) – Adviser to Prime Minister on Commerce, Textiles and Industries Abdul Razak Dawood on Tuesday said despite many challenges on economic fronts, the government had announced pro-business and people friendly budget. Talkin...


Minimum taxable income revised for salaried, non-salaried class

ISLAMABAD (Dunya News) – PTI government has revised the minimum taxable income in its first federal budget announced on Tuesday. The government has set at Rs0.6 million and Rs0.4 million per annum for the salaried and non-salaried persons, resp...


CM Buzdar felicitates Imran Khan, Hammad Azhar for budget 2019-20

LAHORE (Dunya News) - Punjab Chief Minister Sardar Usman Buzdar has extended congratulations to Prime Minister Imran Khan, Federal Minister of State for Revenue Hammad Azher and their team for presenting a balanced and public-friendly federal budget ...


Bilawal Bhutto slams budget 2019-20 as 'PTIMF' budget

ISLAMABAD (Dunya News) – Pakistan Peoples Party (PPP) chairperson Bilawal Bhutto Zardari slammed the first budget for fiscal year 2019-20 of the Pakistan Tehreek-e-Insaf (PTI)-led federal government saying it dismantles the economy of Pakistan....


Govt earmarks Rs 1,000 mln for Kartarpur development

ISLAMABAD (APP) -The Government has earmarked Rs 1,000 million for land acquisition and development of infrastructure of Kartarpur under Public Sector Development Programme (PSDP) for the next financial year 2019-20. According to the data released b...


Govt allocates Rs4797 mln for Ministry of Education and Professional Training

ISLAMABAD (APP) - The federal government has allocated Rs4796.762 million under Public Sector Development Programme (PSDP) for ongoing and new schemes of the Federal Education and Professional Training for fiscal years 2019-20. According to the budg...


10 pc ad hoc relief for government employees

ISLAMABAD  (APP) - The government has announced 10 per cent ad hoc relief on the running basic pay scales of government employees serving in grade 1 to grade 16. Minister of State for Revenue Hammad Azhar in his budget speech further informed t...


Rs 45.5 bln allocated for Karachi projects

ISLAMABAD (APP) - The federal government has allocated a hefty amount of Rs 45.5 billion for nine different development projects of the port city of Karachi. Minister of State for Revenue Hammad Azhar in his budget speech informed that under a speci...


Rs7407.361 million for Sceince, Technological Research Division earmarked

ISLAMABAD - (APP) -The federal government has earmarked Rs 7407.361 million for ongoing and new schemes of Science and Technological Research Division for the financial year 2019-20 under the Public Sector Development Programme (PSDP). The budgetary...


Govt allocates Rs. 516.126 mln for Information & Broadcasting Division in PSDP

ISLAMABAD (APP) -The federal government has allocated an amount of Rs. 516.126 million for various new and ongoing schemes of Information and Broadcasting Division under Public Sector Development Programme (PSDP) 2019-20. According to PSDP 2019-20, ...


Govt allocates Rs 1.8 bln for Revenue Division projects

ISLAMABAD (APP) - The government has allocated an amount of Rs1818.238 million for 16 ongoing and 2 new development schemes of Revenue Division under the Public Sector Development Program (PSDP) for the fiscal year 2019-20. According to the details,...


Govt allocates Rs.7579.200 mln for various schemes of Climate Change

 ISLAMABAD, Jun 11 (APP):The federal government has allocated an amount of Rs 7579.200 million for various new and ongoing schemes of Climate Change Division under Public Sector Development Programme (PSDP) 2019-20. According to PSDP 2019-20, t...


Govt allocates Rs29047 mln for Higher Education sector

ISLAMABAD (APP) - The federal government has allocated Rs29047 million under Public Sector Development Programme (PSDP) for the ongoing and new schemes of the Higher Education Commission (HEC) during fiscal years 2019-20. According to the budgetary ...


Annual Plan predicts 4 percent growth in upcoming Fiscal Year

ISLAMABAD (APP) - The Gross Domestic Product (GDP) is expected to pick up and grow at 4 percent during the upcoming fiscal year 2019-20, with contribution of 3.5 percent from agriculture, 2.3 percent from Industry and 4.8 percent from services sector...


Read complete Budget 2019-20 speech

ISLAMABAD (Dunya News) - Minister of State for Revenue Hammad Azhar presented Rs7.02 trillion federal budget for FY20 today (Tuesday). Read full budget speech below: DEVELOPMENT BUDGET  The new budget envisages total development outlay...


Prime Minister Imran to address nation today

ISLAMABAD (Dunya News) – Prime Minister Imran Khan will address the nation today (Tuesday) at 9:15pm. In his address the prime minister will take the nation in confidence on economic and political situation in the country. Pakistan Television...


Hammad Azhar unveils Rs7.02tr budget for FY2019-20

ISLAMABAD (Dunya News) – Minister of State for Revenue Hammad Azhar has unveiled the first budget for fiscal year 2019-20 of the Pakistan Tehreek-e-Insaf (PTI)-led federal government with an outlay of Rs7.02 trillion, in the National Assembly (...


Govt to welcome suggestions from opposition to improve budget document: Firdous

ISLAMABAD (Web Desk) - Special Assistant on Information and Broadcasting Dr Firdous Ashiq Awan says budget will be a poor friendly which will reflect Prime Minister Imran Khan s concern for downtrodden people of the country. Talking to media ou...


KP likely to unveil Rs657.25bn annual budget 2019-20

PESHAWAR (APP) – Khyber Pakhtunkhwa government is likely to unveil Rs657.25 billion annual budget 2019-20 carrying Rs200 billion annual development programme with main focus on social sector development. The current revenue expenditure has be...


Read complete Economic Survey 2018-19

ISLAMABAD (Web Desk) - The Pakistan Tahreek-i-Insaf led government has formally launched the pre-budget document, ‘Economic Survey 2018-19’ today (Monday), to share the key economic indicators and the performance of different sectors of t...


PM Imran instructs to exercise austerity at all levels

ISLAMABAD (Web Desk) - Prime Minister Imran Khan has said that austerity needs to be exercised at all levels in view of current fiscal situation. Chairing a meeting in Islamabad on Monday in which he was briefed about Punjab s annual budget 201...


Hafeez Shaikh unveils Economic Survey 2018-19

ISLAMABAD (Dunya News) – Advisor to Prime Minister (PM) Imran Khan on Finance, Revenue and Economic Affairs Abdul Hafeez Shaikh has unveiled the pre-budget document, Economic Survey 2018-19 on Monday to share the key economic indicators an...


Tax target set at Rs5,500 billion in upcoming budget

ISLAMABAD (Dunya News) – The proposed budget strategy paper estimated the next year’s federal current expenditure at more than Rs6 trillion, following which the federal expenses are expected to reach Rs4 trillion. As the federal governme...


PM Imran to address nation today

ISLAMABAD (Dunya News) - Prime Minister Imran Khan will address the nation today (Monday) on 9 AM. Pakistan Television (PTV) would broadcast PM Imran’s address. According to the sources prime minister would take the nation into confidence o...


Govt plans to save 40 billion through austerity measures

ISLAMABAD (Dunya News) – Prime Minister Imran Khan’s government is ready to save billions through country’s biggest austerity drive in history. According to Dunya News sources, government has planned to save Rs 40 billion by adopti...


Hafeez Shaikh, Reza Baqir meet PM Imran, brief him on budget proposals

ISLAMABAD (Dunya News) – Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh and State Bank of Pakistan (SBP) Governor Reza Baqir on Sunday called on Prime Minister Imran Khan in Islamabad. The meeting was...


Relief for public top priority of govt in budget: Firdous Ashiq Awan

ISLAMABAD (Dunya News) - Special Assistant to Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan said that relief for public is top priority of government in the upcoming budget. She said the PM would take the nation into confidenc...


PM Imran summons cabinet meeting ahead of budget

ISLAMABAD (Dunya News) – As the Pakistan Tahreek-e-Insaf (PTI) led government is all set to present its first budget, Prime Minister Imran Khan has summoned a special meeting of the federal cabinet to give finalise Federal Budget for the fiscal...


Economic growth remained lower than expected in 5 years: World Bank

ISLAMABAD (Dunya News) – The growth rate must touch 7% in order to create 2 million job opportunities, World Bank said in a report. It added that many targets were not achieved in last 5 years. The bank estimates the country’s GDP growth...


Govt to unveil Economic Survey 2018-19 tomorrow

ISLAMABAD (Dunya News) – Government is all set to formally launch the pre-budget document,  Economic Survey 2018-19  on June 10 (Monday), to share the key economic indicators and the performance of different sectors of the economy. T...


Govt to impose health tax on cigarettes, carbonated drinks

ISLAMABAD (Dunya News) – Pakistan Tehrik-e-Insaf (PTI) government has decided to impose health tax on cigarettes and carbonated drinks. The government is likely to receive Rs 10 on a pack of cigarette and Rs 1 on a bottle of carbonated drink as...


Punjab govt to impose new taxes in next budget

LAHORE (Dunya News) – Punjab government is mulling to impose new taxes on people and suggestions to collect property taxes from motorways and restaurants have surfaced on media. The Punjab government has prepared the documents to impose taxes o...


Hafeez Shaikh lauds leadership of armed forces for limiting their budget

ISLAMABAD (Dunya News) - Adviser to Prime Minister on Finance Dr. Abdul Hafeez Shaikh has appreciated the leadership of armed forces for limiting their budget and thus contributing towards government s drive of managing expenditures, reducing fi...


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