RCB chalks out Rs2.75b budget estimates
Rawalpindi Rawalpindi Cantonment Board has prepared budget estimates worth Rs2.75 billion for the financial year 2012-2013 out of which Rs1.2 billion would be allocated for uplift schemes.
budget related Advices, Laws Rules & Regulations
Below is all budget related legal advices, news, laws, rules & regulations of Pakistan.
Government borrowing surpasses Rs1.01 trillion
KARACHI: The government borrowing to finance budget deficit has surpassed Rs1.01 trillion by the week ended April 6, up by 142.5 percent against Rs418 billion in the corresponding week last year, the State Bank of Pakistan (SBP) said on Tuesday. The government, which is facing lower revenue collection and huge expenditures, further burdened the financial institutions by taking another Rs32 billion during March 30-April 6 to finance the budget deficit, according to the provisional data of SBP revealed. The central bank in a report feared that the fiscal deficit would further widen in the last quarter, indicating more government borrowing from the financial system
FPCCI demands single-digit salestax rate, general amnesty for businessmen
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed a single-digit sales tax rate for controlling smuggling-prone items and a general amnesty for the business community, similar to recently announced scheme for the stock exchanges, for broadening the tax base.
Federal govt proposes Rs350bn share in development outlay
ISLAMABAD: The federal government has proposed Rs350 billion development outlay as the federal share in the forthcoming budget for the 2012-13 fiscal year, officials said. The Planning Commission has started working on the proposed allocations for various projects of all sectors of economy, they added
Economy heading towards unsustainable, risky path Says political considerations are a major hurdle in implementing reforms
ISLAMABAD: The International Monetary Fund (IMF) in its country report on Pakistan, which was released on Wednesday, has asked Islamabad to raise general sales tax rate, re-introduce special excise duty, income tax surcharge along with host of other measures to avoid full-fledge brown out of …
Pakistan Local Councils (imposition Of Taxes) Rules, 1961
Table of contents 1. Short title and commencement 2. Definitions 3. Preliminary taxation proposals 4. Publication of preliminary taxation proposals 5. Hearing of objections and suggestions to the preliminary taxation proposals 6. Finalisation of taxation proposals 7. Powers of Government and the Commissioner in regard …
IMF asks State Bank to tighten monetary policy
LAHORE: The International Monetary Fund (IMF) has asked the State Bank of Pakistan (SBP) to tighten the monetary policy and curtail financing of the budget, besides calling for greater independence of the central bank. These points were discussed when the Executive Board of the IMF …
Ministry of Finance promises to release Rs4.61 billion for HEC
Islamabad The Ministry of Finance has promised to release Rs4.61 billion to the Higher Education Commission (HEC) in the 3rd quarter of current fiscal year and now it is expected that public sector universities would be able to give their employees both 50% and 15% …
Constitution Of Japan , 1946
Table of contents Chapter I The Emperor Chapter II Renunciation of War Chapter III Rights and Duties of the People Chapter IV The Diet Chapter V The Cabinet Chapter VI Judiciary Chapter VII Finance Chapter VIII Local Self-Government Chapter IX Amendments Chapter X Supreme Law …
FBR mulls raising tax rate for banks to 40 percent
KARACHI: The Federal Board of Revenue (FBR) is considering presenting a proposal to enhance tax rate for banks to 40 percent in the upcoming Federal Budget FY13, as the industry’s earning concentrate on return from the risk-free investment in government papers, an official said on …
