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Budget 2021-22: the real test has just begun July 4, 2021 Governments usually breathe a sigh of relief once the annual budget is passed. Yet even though this year’s finance bill was accepted without much opposition from opposition benches when it finally came time to vote, Finance Minister Shaukat Tarin wouldn’t be as relieved as usual just yet. The reason, of course, is that the real test has just begun. Because the government now has two months to impress the International Monetary Fund (IMF) with the sudden turn around to a very expansionary fiscal policy, failing which it will most li...

Previous government of PML-N left $20b CAD: Ali Awan June 28, 2021 Special Assistant to Prime Minister on Capital Development Authority (CDA) Affairs Ali Nawaz Awan here on Sunday said the previous Muslim League-N government had left a Current Account Deficit (CAD) of $ 20 billion, which was turned by the Pakistan Tehreek Insaf (PTI) government into $800 million surplus as its major economic success. “The former government has left Rs 45 billion in the form of liabilities, including Current Account Deficits, external debt, circular debt and trade deficits, which led the government to go to ...

By News DeskISLAMABAD: Finance Minister Shaukat Tarin on Friday announced some adjustments in proposed taxes in the federal budget, noteworthy of which were the withdrawal of taxes on milk products,...

ISLAMABAD: The Senate Standing Committee on Planning, Development and Special Initiatives on Tuesday was forced to cancel its meetings for finalising its recommendations on development budget when...

Says all promises fulfilled as budget offers maximum relief for low-income sector