06252016Sat
Last update: Sat, 25 Jun 2016 08am

Business & Economy

Pakistan - Business & Economy

KP PA passes annual budget for financial year 2016-17 PESHAWAR: Khyber Pakhtunkhwa Assembly Wednesday passed annual budget for financial year 2016-17 and all 59 demands for grants worth Rs.505 billion to defray the expenses to be carried out in various heads by the provincial government. On Tuesday, the house had passed only three demands for grant for provincial assembly and departments of finance, treasury, local fund audit, planning & development while the deferred demand for grant of the Administration Department was also passed on Wednesday. The opposition legislators while speaking on their cut motions criticized the performance of Revenue & Estate and Excise & Taxation Departments. Anma Sardar of PML-N, Zarin Gul of JUI-F and Yasmin Pir Mohammad criticized the performance of the Revenue & Estate Department. They said that the department had pledged the computerization of land record to abolish patwari culture in the province. In response to the speeches of opposition legislators, Provincial Minister for Revenue, Sardar ...

Pakistan - Business & Economy

Finance Minister winds up debate on budget in PA LAHORE: Punjab Finance Minister Dr Ayesha Ghous Pasha wrapped up general discussion on the provincial budget 2016-17 during the 22nd session here Wednesday.In her speech, she described the budget document as balanced and public-friendly and said they considered suggestions and proposals from all stakeholders.Earlier, the session commenced with Speaker Rana Muhammad Iqbal in the chair.The minister discussing pros and cons of the budget said the maximum relief had been provided to the common man while ...

Pakistan - Business & Economy

Rs 34 bln Balochistan Supplementary Budget approved QUETTA: The lawmakers unanimously approved Balochistan Supplementary Budget have size of over RS 34.50 billion for the financial year 2015-16, here on Wednesday.Chief Minister Balochistan, Nawab Sanaullah Khan Zehri presented the supplementary budget in the assembly session which was presided over by Speaker, Ms. Raheela Hameed Khan Durrani.The Chief Minister presented total 23 demands for grants of the supplementary budget. A sum of Rs. 21.584 belonged to development expenditures and another sum of Rs. 12.917 ...

Pakistan - Business & Economy

RCB seals 40 properties for not paying tax RAWALPINDI: The Rawalpindi Cantonment Board (RCB) enforcement team in a crackdown against property tax defaulters on Wednesday sealed 40 properties in different areas of the city.According to RCB spokesman, the civic body sealed the properties in Allahabad, Naseerabad, Tench Bhatta, Masrial Road, Awan Town, Bakra Mandi, Ahmedabad, Saddar, Westridge, Dhoke Mustakeem and Afshan Colony as their owners were found property tax defaulters.He informed, the RCB teams also disconnected water supply connections of 60 domestic and ...

Pakistan - Business & Economy

Govt sets target for agri growth by 3.5pc in FY-2016-17 ISLAMABAD: The government has set the agriculture sector growth target at 3.5 per cent while the industrial sector's growth target has been set at 7.7 per cent for the fiscal year 2016-17.According to budgetary documents, the agriculture sector is targeted to grow by 3.5 per cent on the basis of expected contributions of important crops (2.5 per cent), other crops (3.2 per cent), cotton ginned (2.5 per cent), livestock (4 per cent), fishery (3 per ...

Pakistan - Business & Economy

No political threat to govt: Khurram ISLAMABAD: Minister for Commerce Khurram Dastgir Khan on Wednesday said there was no political threat to the Pakistan Muslim League-Nawz (PML-N) government.Neither there was any difference in the party, nor any political threat to the government, he told a selected group of journalists here.The minister said Prime Minister Muhammad Nawaz Sharif, who had undergone heart surgery in London, would come back home by the end of current month, if advised by his doctors.The Prime Minister, ...

Pakistan - Business & Economy

LAHORE: Bullion rates LAHORE: Following bullion rates were received from markets here on Wednesday:BULLION (PER 10 GRAM)=====================GOLD TEZABI-24 CT---- 42265.00GOLD 22 CT-------------38740.00 GOLD 21 CT-------------36980.00SILVER TEZABI------------590.00SILVER THOBI-------------588.00Copyright APP (Associated Press of Pakistan), 2016 ...