Important information about Pakistan economy
The salient features of the Khyber Pakhtunkhwa budget for year 2011-12 presented by Finance Minister KPK Hamyun Khan on Saturday, are as follows:Read More »The salient features of Khyber Pakhtunkhwa budget 2011-12
Regulatory authorities to pay tax on income from fee, penalties
* Will be required to deposit surplus fund in FCF
All regulatory authorities would be required to pay income tax on their entire income from fee charges and penalties—and would be required to deposit this amount in Federal Consolidated Fund (FCF) afterward. Read More »ISLAMABAD: Finance Bill 2011 amendment
The Sindh Government announced a Rs 391.9 billion revenue-oriented budget here Friday for next fiscal, 2011-12, with revenue expenditures totalled to be around 283.14 billion.The budget was announced by Provincial Finance Minister Syed Murad Ali Shah in the Sindh Assembly.“Current budget estimates had been around Rs 340 billion in the previous fiscal,” he informed the House.The House was further informed that the current capital expenditure has been raised from Rs 44.96 billion to Rs 102 billion for next fiscal.Read More »Sindh Budget 2011-12
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.Read More »Highlights of Punjab Budget 2011-2012
Following are important features of the Pakistan budget for Fiscal Year 2011-12:Read More »Highlights of Pakistan Budget 2011-2012
The current fiscal year unemployment rate remained at 5.6 percent, while the per capita income amounted to $1264, says the Economic Survey 2010-11.
Islamabad released statistics said that Pakistan’s local debts amounted to Rs5463 billion, while the foreign loans stood at Rs4726 billion, which adding up to make the total loans amount peaked at Rs10189 billion.Read More »Pakistan Economic Survey 2010-2011
KARACHI: Pakistan is due to announce its budget for the 2011/12 (July-June) fiscal year on June 3.
Following are some targets that could be announced:Read More »What to expect in FY11/12 Pakistan budget
SECP recommends to reduce WHT rate in budget
* WHT rate on gold at import stage be reduced from 1.0% to 0.1%, if imported through Pakistan Mercantile Exchange Limited
By Sajid Chaudhry
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) in its budget proposals 2011-12 has proposed to the budget makers to reduce the withholding tax (WHT) rate on gold at import stage from 1.0 percent to 0.1 percent, if imported through Pakistan Mercantile Exchange Limited, tax credit for enlistment on a sock exchange in Pakistan and exemption of Capital Gains Tax (CGT) on gain on sale of any instrument of redeemable capital. Read More »Pakistan Budget proposals 2011-12
Low tax-to-GDP ratio, high imports, continued energy shortages, and undocumented economy must be dealt with otherwise the key imbalances of the macro-economy might not be manageable
By Mehmood-Ul-Hassan Khan
SBP has published its first quarterly report for the year 2010-11 in which it indicated many ills of the macro-economy along with their solutions. The ongoing energy saga, circular debt and weak business confidence have shaken the economy, which is now projected to grow by 2 to 3 per cent only. The report has reaffirmed the fact that the economy is not in a healthy shape and any further delay in implementing critical structural reforms would increase the costs to the economy.Read More »SBP first quarterly report 2010-11: Pak-economy’s health questionable
After having a challenging year in terms of achieving price stability, FY10 was a year of recovery in growth and ease in inflationary pressures for the country. This coupled with improvements in external sector indicators and exchange rate stability helped SBP to ease its monetary policy stance during the year with a 150 basis points cut in the discount rate. The first cut came inRead More »SBP Annual Report 2009-10-Price stability and growth