Balochistan Govt unveils Rs 750 billion budget for FY 2023-24
Balochistan Minister for Finance Engineer Zmarak Khan Achakzai unveiled the province’s budget for the fiscal year 2023-24, with a total size of Rs 750 billion. The Finance Minister said in his budget speech that over Rs 229.301 billion have been earmarked for the Public Sector Development Programme (PSDP), and the volume of non-development expenditure was…
Adil Aziz
Glaring anomalies need immediate attention of the government
Mr. Irfan Iqbal Sheikh, President FPCCI, has apprised the media that after in-depth analysis of the federal budget 2023 – 24, FPCCI has come up with many budget anomalies; which will prove to be counterproductive if not rectified before the passage of the final version of the Finance Bill by the parliament. Mr. Irfan Iqbal…
Special focus given to agri-sector, credit limit enhanced to Rs 2,250 Billion
Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar said that special focus was given to agriculture sector in Federal Budget 2023-24 and credit limits were enhanced from Rs 1,800 billion to Rs 2,250 billion. Addressing the post budget press conference, he said that State Bank of Pakistan would monitor the credit disbursement for…
3.5% GDP growth target “realistic & easily achievable”, Ishaq Dar
Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday (June 10) expressed confidence that the federal government would easily achieve the 3.5 per cent growth target of Gross Domestic Product (GDP) set for the upcoming fiscal year with effective and transparent utilization of massive development funds it allocated for the Public Sector Development…
Govt specifies Rs 107,413 Million for power sector in PSDP 2023-24
The government has earmarked a sum of Rs 107413.044 million for various ongoing and new schemes of the power sector in the Public Sector Development Programme (PSDP) for the financial year 2023-24. According to the budgetary document, out of the total allocation, the government allocated Rs 81,774.431 million from the local component while Rs 25,638.613…
Service sector expected to grow by 3.6 pc in FY 2023-24
he services sector is expected to accelerate its growth to 3.6 percent in fiscal year 2023-24, according to the Annual Plan 2023-24. The envisaged growth in the commodity producing sectors will complement the targeted growth in the services sector. “Uptick in the economic activity in agriculture and manufacturing sectors will translate into increased growth in…
Govt presents Rs.14.46 trillion relief, growth-oriented budget
The 15-month-old coalition government on Friday (June 09) presented its second business-friendly, relief and development-oriented Federal Budget for the fiscal year 2023-24, with a total outlay of Rs.14.46 trillion, aimed at coping with the inherited economic challenges and laying the foundation for a sustainable, inclusive and resilient economy. The annual fiscal plan, put before the…
Around Rs14 trillion national budget to be presented Today: Ishaq Dar
The incumbent coalition government is all set to present the federal budget for the fiscal year 2023-24, with an estimated outlay of around Rs14 trillion, on June 09 (Friday). The budget for fiscal year 2023-24 would be presented before the National Assembly by Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar. The budget…