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    • HOME
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      Uttar Pradesh Police book nearly 2,000 people for offering namaz on road

      Indian Govt imposes limitations on loudspeakers in Mumbai’s mosques

      India’s government faces no-confidence vote over ethnic clashes

      After SCO Quadrilateral Security Dialogue countries reject Indian allegation over Pakistan in Pehlgam attack

      Donald Trump elected US president in historic comeback

      Trump says Israel agrees to conditional ceasefire in Gaza, Trump

      Hamas attack kills 100 Israelis, Tel Aviv’s air strikes martyr more than 200 Palestinians

      Israel killed 95 Palestinians after bombing on aid sites, cafe, school in Gaza

      Pakistan downs 5 fighter jets, destroy brigade HQ in retaliation strikes

      India envoy blames political leadership for fighter jet crash in clash with Pakistan

      Pakistan congratulates Donald Trump for winning as US president

      Trump hopeful for Gaza ceasefire ‘next week’

      Children in Gaza surviving on bitter loaves made from animal feed

      Israel kills 549 aid seekers in this month

      Iran announces ceasefire against Israel, Trump declares its victory

      Iran arrests 26 more Israeli agents

      “ELECTION INTERFERENCE, KANGAROO COURT!” Trump says on indictment charges

      US to hold nuclear talks with Iran next week, Trump

    • BUSINESS
      Govt lifts import ban on non-luxury items under IMF condition, Miftah

      Pakistan notifies duty cuts on imported luxury items

      Karachi: FBR seals over 30 shops for tax, PoS violations

      PM applauds FBR for collecting record tax revenue

      NEPRA notifies increase in power tariff for Karachiites

      NEPRA approves Rs1.15/unit cut in domestic electricity tariff

      Govt plans separate tax policy cell

      Rs3.5 trln tax collected from Karachi in FY24-25

      Petrol prices likely to increase up to Rs13 per litre

      Petrol prices likely to increase in Pakistan

      PM Shehbaz denounces Israeli aggression in Gaza, Lebanon and Iran

      PM welcomes Bloomberg report on Pakistan’s economic stability

      PPP breaks National Assembly quorum after controversy over resolution against canal project

      NA passes Rs 17.57tr budget 2025-26

      Bilawal hopes to get justice in presidential reference against ZA Bhutto’s death sentence

      Bilawal directs PPP lawmakers to vote in favour of budget 2025-26

      World Bank approves $213 million in financing for Balochistan

      World Bank approves $194m for education, water projects in Pakistan 

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      Netflix star Kylie Page’s cause of death at 28 revealed

      Netflix star Kylie Page’s cause of death at 28 revealed

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      Sean ‘Diddy’ Combs convicted on prostitution counts, but cleared of more serious charges

      US revokes Bob Vylan’s visas after Glastonbury chants

      US revokes Bob Vylan’s visas after Glastonbury chants

      Police found skin glow, anti-ageing drugs from Shefali Jariwala’s residence after her mysterious death

      Police found skin glow, anti-ageing drugs from Shefali Jariwala’s residence after her mysterious death

      Meet with Hafsa Nawaz Khan – Miss Pakistan Universe 2025

      Diljit Dosanjh apologises to fans for ticket scam

      Diljit Dosanjh breaks silence on ‘Sardaar Ji 3’ overseas release

      Brother of actors Yasir, Danish Nawaz passes away

      Brother of actors Yasir, Danish Nawaz passes away

      Teenage star Aina Asif reveals her biggest dream

      Teenage star Aina Asif reveals her biggest dream

      Lahore hosts grand Miss and Mr. Pakistan 2025 coronation ceremony

      Lahore hosts grand Miss and Mr. Pakistan 2025 coronation ceremony

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      Shanto steps down as Bangladesh captain after whitewash defeat against Sri Lanka

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      Pakistan to face India in Asian Doubles Squash final

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      Voice of Sindh
      Home FINANCE

      Budget 2020-21 to be presented tomorrow

      Web Desk by Web Desk
      in FINANCE, PAKISTAN
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      The federal government is all set to announce budget for 2020-21 in the parliament tomorrow on June 12, 2020.

      According to the Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh , the government would not introduce any new tax in the upcoming budget to facilitate the industrial sector.

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      He said the government would have to do work hard in the coming days to reduce the budget deficit to nine percent. He said the negative impact of coronavirus was also affecting our national economy like other countries and the government is trying to reduce its expenditures by adopting austerity measures. He said basic objective of the government is to provide relief to the people in the next budget and duties would be decreased on many things in the budget.

      All targets have been reduced due to the Coronavirus this year. According to the ministry of finance, debt return and payment of interests are being considered as huge burdens on which Rs 3.2 trillion would be spent.

      Earlier today, the advisor to the Prime Minister presented the Pakistan Economic Survey 2019-20 on Thursday, highlighting the state of the Pakistani economy in the outgoing fiscal year. 

      Shaikh highlighted the fragile state of the economy, which was ravaged considerably by the COVID-19 pandemic in the last quarter of the year.

      Shaikh revealed that the GDP is expected to contract 0.38% in FY 2020 despite 2.67% growth in the agricultural sector, as the industrial and services sectors see growth of -2.64% and -0.59% respectively this year.

      Tags: Budget 2020-21Dr Abdul Hafeez ShaikhFederal budgetpakistanPTI

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      Voice of Sindh is an initiative designed to uncover the untold stories of Sindh. It aims to preserve and promote the diverse culture, heritage, history, and traditions that make Sindh the bastion of pluralism and progress.

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