The US budget gap shrank in June compared to the record levels in 2020 when the government paid out a massive amount of pandemic aid, according to official data released Tuesday. Compared to June of last year, the government deficit fell by 80 percent to just $174 billion last month, the Treasury Department said, as […]
budget
Global tax reform plan goes to the G20
G20 finance ministers meeting in Venice on Friday and Saturday could rally the world’s top economies behind a global plan to tax multinationals more fairly that has already been hashed out among 131 countries representing 90 percent of world output. On the face of it, the Group of 20 — the world’s 19 biggest economies […]
Deal on UN peace budget ends risk of mission freeze: sources
The 193 member states of the United Nations reached an agreement on Tuesday over the budget for peacekeeping operations, avoiding an imminent shutdown of missions, according to diplomatic sources. A draft resolution was adopted by the committee of the UN General Assembly which deals with financial affairs. The approved budget is estimated at $6.5 billion […]
Budget for 22 public sector varsities approved; KP Governor for ensuring financial discipline
The separate senate meetings of three more public sector universities of Khyber Pakhtunkhwa chaired by the Governor/ Chancellor Shah Farman Monday approved the budget for the fiscal year 2021-22. So far the senate meetings have given approval to 22 out of a total 32 public sector universities of the province. The budgets for the fiscal […]
Govt committed to peace, progress, prosperity in ex-FATA districts: Tarin
Federal Minister for Finance and Revenue, Shaukat Tarin Thursday said the incumbent government under the leadership of Prime Minister Imran Khan was committed to peace, progress and prosperity in formerly Federally Administered Tribal Area (FATA) districts. Peace and prosperity in erstwhile FATA districts was imperative for the rest of the country, he said while chairing […]
Fehmida appreciates special funds’ allocation for less developed areas in budget
Minister for Inter-Provincial Coordination Dr Fehmida Mirza Thursday appreciated Prime Minister Imran Khan for announcing a special package for the less developed areas and said that the initiative would bring a new era of progress, prosperity and development there. Participating in the budget debate, she said “I appreciate Prime Minister Imran Khan, Finance Minister Shaukat […]
Federal government releases Rs 3 bn in grant-in-aid for Gilgit-Baltistan
The federal government released Rs 3 billion in grant-in-aid for Gilgit-Baltistan. A letter issued by the Federal Ministry of Finance to the Deputy Accountant General of Pakistan said that Rs 3 billion has been released to the Government of Gilgit-Baltistan in the form of grant-in-aid for the financial year 2020-21. It may be recalled that […]
Lawmakers for increase in govt employees’ salaries by 10-20 per cent
Legislators from treasury and opposition benches in the National Assembly on Tuesday recommended the federal government to increase the salaries of government employees from 10 to 20 per cent in the budget for fiscal year 2021-22. Opening debate on the budget, Pakistan Tehreek-e-Insaf (PTI) lawmaker, Rahat Amanullah Bhatti stressed the lawmakers to personally lead […]
KP govt to spend Rs3.717 bn on 10BTAP
The Khyber Pakhtunkhwa (KP) government would spend Rs3.717 billion on 10 billion trees afforestation project (10BTAP) Phase-I ups-calling under the Prime Minister’s Green Pakistan initiative, establishment of knowledge parks and others forestry uplift projects during fiscal year 2021-22. 10BTAP Planning Officer Muhammad Ibrahim Khan told APP on Monday that the federal and provincial governments have […]
PPP will resist inequitable distribution of budget in GB
PPP has termed the unequal distribution of budget as unjust and said that if the government implements its decision, there will be full resistance. It is the duty of the government to solve the problems of all areas without any discrimination. PPP President and Opposition Leader Advocate Amjad said, “We have approached the court against […]