No one can dispute the fact that the economy today is caught perilously in a situation of low growth and high inflation. What brought the country to this pass is also uncontested – governments, both at the federal and provincial level, that over decades lived beyond their means.
Associated Press of Pakistan Lahore: The following are salient features of Punjab budget 2011-12 presented by Finance Minister Kamran Michal in the provincial assembly here on Friday.
Following are important features of the Pakistan budget for Fiscal Year 2011-12:
* 20pc increase in basic pay for civil and defence personnel * 20pc increase in net pension for civil and defence personnel * Minimum pension up from Rs 300 to Rs 2,000