HIGHLIGHTS OF PUNJAB GOVT. BUDGET 2020-21

The Government of Punjab recently announced Provincial Budget for 2020-21. Government has budgeted total estimate of revenues as Rs 2,240.63bn and expenditure as Rs 2115.63bn. A total of Rs 336.5bn was allocated for School Education Department. The Health Care Department was allocated Rs 134 bn by the #Punjab Government. Irrigation Department received 45bn out ofContinue reading “HIGHLIGHTS OF PUNJAB GOVT. BUDGET 2020-21”

SUGAR MAFIA VS GOVERNMENT

Sugar mills reject government’s Rs63 per kg price, decide to sell at Rs70 per kg ISLAMABAD: Pakistan Sugar Mills Association (PSMA) on Sunday in a letter to the Ministry of Industry and Production (MoIP) stated that it will sell sugar to the ministry Rs70 per kilogramme (kg) instead of the Rs63 per kg price demanded byContinue reading “SUGAR MAFIA VS GOVERNMENT”

LOAN TARGET IN FY21

Pakistan seeks $15b loans in FY21 > Pakistan plans to seek $15 billion gross foreign loans in the next fiscal year aimed at servicing its maturing external public debt and building official foreign exchange reserves in the absence of non-debt creating inflows. > Out of the $15 billion estimated external borrowings in fiscal year 2020-21,Continue reading “LOAN TARGET IN FY21”

#PAKISTAN POPULATION GROWTH RATE

Pakistan’s #Population Growth Falls to 1.89%: Economic Survey As reported by the Economic Survey of #Pakistan (ESP), the population growth rate of the country has fallen. As compared to 2018, the year that saw 2.4% population growth, 2019 saw a slight depletion in the growth rate as it stood at 1.89%. If the state’s plansContinue reading “#PAKISTAN POPULATION GROWTH RATE”

FAWAD CHAUDHRY HUSSAIN ANNOUNCEMENT:

Pakistan All Set to Become An Exporter of Medical Equipment Federal Minister for Science and Technology, Chaudhry Fawad Hussain has revealed that Pakistan is in a position to export safety equipment in the health sector which is a big milestone. He was addressing a news conference after signing a Memorandum of Understanding (MoU) between MinistriesContinue reading “FAWAD CHAUDHRY HUSSAIN ANNOUNCEMENT:”

BUDGET 2020-21

Budget Pakistan 2020-21 salient Features. Total Budget: Rs 7,294.9 Billion Rupees Special Economic Zone: 80 Billion The sales tax rate for big retailers has been decreased from 14 to 12 %. Net Revenue receipts for 2020-21: Rs 3,699.5 billion Development Expenditures outside PSDP: Rs.70 Billion PSDP 2020-21: Rs 1324 Billion out of which Ra 676Continue reading “BUDGET 2020-21”

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