Search the Community

Showing results for tags 'pml-n'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Help Support
    • Announcement And Help
    • Funday Chatroom
  • Poetry
    • Shair-o-Shaa'eri
    • Famous Poet
  • Islam - اسلام
    • QURAN O TARJUMA قرآن و ترجمہ
    • AHADEES MUBARIK آحدیث مبارک
    • Ramazan ul Mubarik - رمضان المبارک
    • Deen O Duniya - دین و دنیا
  • Other Forums
    • Chitchat and Greetings
    • Urdu Adab
    • Entertainment
    • Common Rooms
  • Music, Movies, and Dramas
    • Movies Song And Tv.Series
  • Science, Arts & Culture
    • Education, Science & Technology
  • IPS Community Suite
    • IPS Community Suite 4.1
    • IPS Download
    • IPS Community Help/Support And Tutorials

Blogs

  • Ishq_janoon_Dewanagi
  • Uzee khan
  • Beauty of Words
  • Tareekhi Waqaiyaat
  • Geo News Blog
  • My BawaRchi_KhaNa
  • Mukaam.e.Moahhabt
  • FDF Members Poetry
  • Sadqy Tmhary
  • FDF Online News
  • میکدہ
  • Dua's Kitchen
  • Raqs e Bismil

Categories

  • Books
    • Urdu Novels
    • Islamic
    • General Books
  • IPS Community Suite 4
    • Applications
    • Plugins
    • Themes
    • Language Packs
    • IPS Extras
  • IPS Community Suite 3.4
    • Applications
    • Hooks/BBCodes
    • Themes/Skins
    • Language Packs
    • Miscellaneous XML Files
  • XenForo
    • Add-ons
    • Styles
    • Language Packs
    • Miscellaneous XML Files
  • Web Scripts
  • PC Softwares

Categories

  • Articles

Categories

  • Records

Calendars

  • Community Calendar
  • Pakistan Holidays

Genres

  • English
  • New Movie Songs
  • Old Movies Songs
  • Single Track
  • Classic
  • Ghazal
  • Pakistani
  • Indian Pop & Remix
  • Romantic
  • Punjabi
  • Qawalli
  • Patriotic
  • Islam

Categories

  • Islam
  • Online Movies
    • English
    • Indian
    • Punjabi
    • Hindi Dubbed
    • Animated - Cartoon
    • Other Movies
    • Pakistani Movies
  • Video Songs
    • Coke Studio
  • Mix Videos
  • Online Live Channels
    • Pakistani Channels
    • Indian Channels
    • Sports Channels
    • English Channels
  • Pakistani Drama Series
    • Zara Yaad ker
    • Besharam (ARY TV series)
  • English Series
    • Quantico Season 1
    • SuperGirl Season 1
    • The Magicians
    • The Shannara Chronicles

Found 23 results

  1. PTI chairman Imran Khan presides over a meeting of party leaders in Bani Gala. ? Geo News screengrab ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) has said that there is no doubt about "blackmailing of judiciary and the Panama case joint investigation team (JIT) at the behest of the prime minister". PTI chief Imran Khan on Wednesday presided over a meeting of party leaders at his Bani Gala residence, which held a detailed review of JIT investigations so far, resistance being offered to it by the ruling Pakistan Muslim League-Nawaz (PML-N), and overall political situation of the country. "Prime Minister Nawaz Sharif and his family have not been able to present anything in their defence; they are only levelling accusations in response (to JIT investigations)," read a statement issued after the meeting. It said Sharif family's statements have revealed the future of Panama case. "There is no doubt, following the remarks by Supreme Court judges, that the judiciary and JIT are being black-mailed at the behest of the prime minister," the PTI stated. "The government in pursuance of its wicked motives has backing from specific media groups and intellectuals affiliated with it." It alleged that a "vicious propaganda" is being waged against the judiciary and Panamagate investigators under a well-thought plan. The meeting also expressed extreme displeasure over political speeches delivered by Speaker of the National Assembly (NA) Ayaz Sadiq. The statement said Sadiq brought disgrace to speaker's post by obeying Sharif family's orders. It lamented that PM Sharif has appointed people like him in every institution.
  2. [embed_video1 url=http://stream.jeem.tv/vod/8123502c50cbad3e84d3ed731ec02532.mp4/playlist.m3u8?wmsAuthSign=c2VydmVyX3RpbWU9Ni8yMC8yMDE3IDc6MTU6NTEgQU0maGFzaF92YWx1ZT05TlRGaXNHMDRhd2lYbXNFRGdCV0hBPT0mdmFsaWRtaW51dGVzPTYwJmlkPTE= style=center] RAWALPINDI: The Election Commission of Pakistan on Tuesday declared Member Punjab Assembly Shaukat Bhatti ineligible after the commission confirmed that his graduation degree was counterfeit. A five-member bench led by Chief Election Commissioner Justice (retd) Sardar Raza Khan announced the verdict on the case against the Pakistan Muslim League - Nawaz MPA. Pakistan Peoples Party's Asad Kiyani had submitted the disqualification petition against Bhatti. Bhatti was elected as a Punjab Assembly Member from PP-4 constituency of Rawalpindi, which falls in Gujar Khan tehsil. Bhatti had won the constituency in the 2013 general elections after receiving over 60,000 votes. His main rival, Pakistan Tehreek-e-Insaf's Sajid Mehmood, received almost 37,000 votes. The by-election on a constituency where a seat falls vacant for any reason is held within 60 days of the issuance of a disqualification notification.
  3. KARACHI: Pakistan Peoples? Party (PPP) Chairman Bilawal Bhutto Zardari on Monday expressed complete satisfaction on the performance of Sindh Chief Minister Murad Ali Shah and his entire team while lambasting PTI over its performance in Khyber Pakhtunkhwa. Speaking to the media after inaugurating a fly-over in Malir the PPP chairman lauded the progress in Sindh including Karachi under his party?s government. He highlighted that sanitation work was improving and multiple roads were being built. Bilawal Bhutto Zardari added that if progress continued at the same pace, his party would surely secure its share in Karachi in the next elections. Taking a swipe at the ruling Pakistan Muslim League-Nawaz (PML-N), Bilawal said that they are complaining that they have been held accountable during his mother Shaheed Mohtarma Benazir Bhutto?s tenure and during the rule of Pervez Musharraf. The PPP leader said that every time the PML-N was held accountable during PPP rule they colluded with the establishment to remove the PPP government. He asked what accountability the PML-N leadership faced during the Musharraf years, highlighting that they had signed a document and fled the country. Training his sights on the Pakistan Tehreek-e-Insaf (PTI) government in Khyber Pakhtunkhwa, Bilawal Bhutto said he met with the young doctors who informed him that PTI is destroying the health services setup in the province. Taking a jab at the PTI Chairman Imran Khan, who is quite active and has a massive following on social media, Bilawal said the change Khan had promised is limited only to Twitter.
  4. PTI chief talking to media in Karachi KARACHI: Pakistan Tehreek e Insaf chairman Imran Khan on Monday said that the Panama verdict will determine whether the ?corrupt mafia? continues to rule over Pakistan. Talking to media at the residence of PTI leader Arif Alvi, Imran said that the prime minister?s inner circle fears they will be next if the Panama case verdict comes against Nawaz Sharif. Sharif family appearance before JIT ?matter of shame, not applause?: Imran Khan Abid Sher Ali remarks that Imran Khan is attacking the democratic institutions of the country ?They are pretending as if they are not appearing before JIT but have conquered Kashmir,? he said. The PTI chief also congratulated the Pakistan cricket team on winning the ICC Champions Trophy 2017 and said that the victory has united the country. Taking a jibe at the rulers of the country, Imran said that there is immense ?talent? of doing corruption, stealing money and taking out of the country. ?The system can also be fixed if institutions are rid of corruption...the [Pakistan] team could become the superpower of the cricket if the system is fixed,? said Imran.
  5. SUKKUR: Opposition Leader in the National Assembly Syed Khursheed Shah said on Saturday that Prime Minister Nawaz Sharif is unable to give an explanation to the Joint Investigation Team (JIT), hence he is attacking national institutions and the PPP. Speaking to journalists in Sukkur, Shah said the JIT probing the assets of the Sharif family is not controversial, however, the PML-N is trying to make it controversial. ?No one is pulling strings however its true that the Sharif brothers are shaking,? he said and added that the prime minister is under fire due to his own words. Shah also said that Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan also has pending cases against him. Earlier, Punjab Chief Minister Shehbaz Sharif on Saturday appeared before the JIT. Shehbaz Sharif is the fourth member of the Sharif family to appear before the probing team ? constituted by the Supreme Court. I have recorded my statement," he told journalists before adding that "two days earlier the prime minister appeared before this JIT and it was for the first time that an elected prime minister appeared before a JIT to present his stance." "Today perhaps this is for the first time in history that a chief minister has appeared before JIT," Shehbaz told journalists. Former interior minister Senator Rehman Malik is also scheduled to appear before the JIT on June 23.
  6. Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Tuesday said that PML-N workers are planning a show of force at the venue of Prime Minister Nawaz Sharif's appearance before the joint investigation team (JIT). The PTI chairman said he has received reports regarding the intentions of PML-N workers. "Finally the powerful will be presented in court," said Khan. He added that the Supreme Court and the JIT should rest assured that the people of Pakistan stand with them. The JIT, constituted by the Supreme Court to probe businesses and financial dealings of the Sharif family, issued summons to the premier to appear before it on June 15. The premier has been asked to come to the Federal Judicial Academy - temporary headquarters of the JIT - at 11 am on Thursday, along with relative record and documents.
  7. Flanked by party leaders, Imran Khan speaks to newsmen in Bani Gala. ? Geo News screengrab ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday voiced apprehensions that the Nawaz-league may go "beyond verbal attacks on the Supreme Court" and called his party activists to prepare for taking to the streets. Speaking to newsmen in Bani Gala, Khan said he has given a call to his party to be prepared for it is feared that the ruling Pakistan Muslim League-Nawaz (PML-N) would do something against the apex court. "If they did something, our workers would take to the streets," he asserted. He alleged that the PML-N has policemen in its ranks, not workers; it is only the PTI which has loyal activists and we would prove our support in public. Mentioning that his party is only awaiting findings of the Panama case joint investigation team (JIT), the PTI chief warned that he was going to be "dangerous for the PML-N and Nawaz Sharif". "Nawaz Sharif had demanded Yousuf Raza Gilani to step down as the PM as long as investigations had been ongoing against him," he said. "We too demand the same from him." "We request the Supreme Court to order Nawaz's removal as prime minister," Khan said, adding that as long as Sharif was heading institutions, he would not let them investigate. He went on to lament that no action was taken on Nehal Hashmi's threats, while Rana Sanaullah was also issuing similar statements. The PTI chief said the (apex court) should take notice of the rhetoric against the JIT.
  8. ISLAMABAD: The Pakistan Muslim League ? Nawaz (PML-N) government on Friday presented its fifth and possibly last budget before general elections in 2018, earmarking a total of Rs 4,757 billion in expenditures for the next fiscal year. "For the first time in Pakistan's history, an elected prime minister and finance minister are presenting their fifth budget. This shows the strengthening of democracy in the country," the minister said as he began presenting budget on the floor of the National Assembly. Pakistan was on the verge of defaulting in 2013 and the economy was declared unstable on the basis of macroeconomic indicators, recalled Dar. "Today, the country's foreign exchange reserves are adequate enough for four months of imports. The supply of gas has improved, and load shedding has been completely halted for the industries. Inshallah, load shedding will end for good come next year," he added. The finance minister claimed the PML-N government had turned the economy around since it came to power in 2013. "Today, reputable organisations like PricewaterhouseCoopers are saying that Pakistan will enter the G-20 group of nations in the near future," claimed Dar. The GDP growth rate was 5.3% in the outgoing fiscal year ? the highest in ten years, he stated, adding that it was for the first time that Pakistan's economy had grown to over $300 billion. "This shows the strengthening of the economy," said Dar. Govt to keep inflation under 6%, budget deficit at 4.1% Announcing details of the budget strategy, the finance minister said the government was aiming to keep inflations rate under six percent, and budget deficit at four percent. "The government followed a policy of fiscal consolidation because of which fiscal deficit reduced from 8.2% to the current year's 4.2%. This was achieved through higher revenue collection through improved administration and broadening of the tax base, undoing decades-old concessionary SRO and curtailing non-development expenditure of the government," said Dar. "In fiscal year 2012-13, FBR collection was Rs.1,946 billion. For the current year the target is Rs.3,521 billion. This represents a historic increase of 81% in the last 4 years with average annual growth of 20%. "Tax to GDP ratio, which was 10.1% in fiscal year 2012-13, is likely to increase to 13.2% this year," said Dar, adding the government was targeting tax to GDP ratio of 13.7% in the year 2017-18. He said the PML-N administration was targeting increase in real GDP growth to 6%, taking investment to GDP ratio to 17%, net public debt to GDP ratio below 60% of GDP, and keeping foreign exchange reserve levels adequate enough to cover a minimum of 4 months of imports. The foreign exchange reserves stand today at $16 billion, which come up to $21 billion after adding the bank reserves, he stated. Tax collection target for the upcoming fiscal year has been set at Rs3,521 billion, he added. Announcing further measures in the budget, the finance minister said the minimum wage for unskilled workers would be raised from Rs14,000 to Rs15,000. The minister said that Rs121 billion will be allocated for the Benazir Income Support Programme, which is three times its allocation in the 2013 budget. The minister said an investment of Rs97 billion is being undertaken in the Pakistan Stock Exchange. He also said that women will be given representation in listed companies as well as representation in boards of governors. The government is aiming to achieve a tax revenue target of Rs4,330 billion, with Rs4,013 billion in taxes collected by the Federal Bureau of Revenue (FBR), and Rs317 billion in other taxes. The non-tax revenue is targeted at Rs979.9 billion. On the expenses side, the government allocated Rs3,477 billion for ?current expenditure?, and Rs1,275 billion for development expenditure. The budgeted current expenditure includes Rs1,363 billion in interest payments, Rs248 billion in pensions, Rs920 billion for defence affairs and services, Rs430 billion for grants and transfers, Rs138 billion in subsidies, and Rs378.8 billion for the running of the government. Talking about the exports sector, which has showed a negative growth, the minister revealed that the customs duty on the export of raw hides has been suspended. He announced similar measures for stamping foil. The minister also informed the House that the present housing shortage in the country is one million, and increasing annually by 0.3 million units. He thus announced a 40% government guarantee on loans up to Rs10,000 from banks and other financial institutions for housing purposes. The sales tax on the commercial import of fabric will be set at 6%. The minister also announced the setting up of an Information Technology Park in Islamabad in collaboration with South Korea. Majority of population is under 20 years of age, thus our focus is on them, said the minister. An allocation of Rs49 billion has been made for the health sector. Highlighting the energy sector reforms, Dar said 10,000MW will be added to the national grid by 2018. "Load shedding will be history," he claimed. The minister added that 15000MW will be added to the grid in later years. An amount of Rs180 billion has been earmarked for CPEC-related development projects in the country. The Karachi Operation which began on the premier's orders in 2013 has borne fruit, said the minister, adding that the nation is proud of the army for defeating the enemy after the government launched Operation Zarb-e-Azb in June 2014. "No army has sacrificed against terrorism as much as the Pakistan Army has," he stated. In recognition of these sacrifices, a special raise of 10% allowance apart from salaries will be provided for them, he declared. The minister also announced a special welfare package for the families of martyrs from the armed forces, police and other security agencies. Moreover, an increase of 10% in the salaries of government employees and as much increase in pension of retired employees has been announced. The minister also declared a decrease in the withholding tax for registration of vehicles for filers of tax returns. Registrations of 850cc vehicles will now cost Rs7,500, 1,000cc vehicles will now cost Rs15,000 and that of 1,300cc will cost Rs25,000. There has obviously been no decrease for non-filers, the minister commented. Talking about the corporate tax, Dar said it has been brought down from 35% to 30% as promised by the government. The minister also presented the proposal to raise the customs duty on electronic cigarettes from 3% to 20%. A raise in the regulatory duty on betel nut from 10% to 25% has been proposed along with a Rs200/kilogramme regulatory duty on the import of paan. The minister also presented a recommendation to end the 5% regulatory duty on the import of raw materials related to the poultry industry. He also informed of a reduction in customs duty in the poultry business from 11% to 3%. Special persons will get a 2% job quota in listed companies as per the newly passed companies act, the minister announced. The minister also proposed a uniform regulatory tax of 9% on the telecommunications sector and announced relief package on duty for electric cars. The budget of the Pakistan Baitul Maal is to be raised from Rs4 billion to Rs6 billion. The government is also set to launch a scheme for the payment of HBFC loans for widows. The scheme is valid for widows who have not remarried. Session begins with ruckus The assembly session formally started with prayers at the Parliament House around 4:45pm for the presentation of the federal budget. The National Assembly was already in session from May 23. Opposition Leader Khursheed Shah addressing the Parliament before the budget speech After being allowed to address the House by the speaker, Opposition Leader Khursheed Shah referred to the incident in the capital?s Red Zone earlier in the day when farmers from various areas of Punjab gathered to protest the ?unfair? policies of the budget. Shah said that he was speaking on behalf of all opposition members and claimed that they intend to walk out in protest of the treatment meted out to the farmers. The opposition leader said that the farmers were only asking for their rights and should not have been shelled or baton-charged by the police. ?This is injustice to the most important class of the society, they fill our food basket,? he said. Shah further said that several ruling party members with a background in agriculture also do not agree with the government?s policies on agriculture but they are bound not to speak. ?What?s the difference between a democratic government and a dictatorship?? said Shah, adding that it is the tactic of authoritarian regimes to suppress voices demanding their rights. Economic survey Presenting the Economic Survey 2016-17 on Thursday, the finance minister had forecast a growth rate of 6% for the next fiscal year. According to government sources, the PML-N's fifth budget is expected to lend further focus towards improvement in economic growth, maintaining fiscal discipline, reducing on-development expenditures and boosting exports besides providing relief to the masses, promoting investment for job creation, treading the people's friendly policies for overarching socio-economic prosperity. The key focus in the budget would be on infrastructure and human resource development while the government is likely to enhance allocations for the social safety net for providing maximum relief to the vulnerable segment of the society, sources said. Finance Minister Ishaq Dar presenting the PML-N government's first budget in 2013. Photo: File/AFP It would also focus on social sector development and revenue enhancement measures, besides introducing reforms for improving governance and boosting private sector investment. On the revenue side, the government would introduce measures for bringing improvement in the system of tax collection, broadening the tax base, and facilitation to taxpayers, they said and argued that strong revenue generation will play a crucial role in achieving the targets for economic growth. From the growth perspective, the federal budget would focus on generating 6% gross domestic product growth (GDP), and for this purpose, the government would introduce some fiscal measures and policy initiatives. The National Economic Council (NEC) chaired by Prime Minister Muhammad Nawaz Sharif on May 19, had already approved the GDP growth target at 6% for the financial year 2017-18 while the government achieved a GDP growth rate of 5.3% in the outgoing fiscal year. The NEC also approved country's consolidated development budget of Rs2.5 trillion for the upcoming financial year (2017-18), showing the highest-ever increase in the overall national outlay. This included Rs1,001 billion Federal Public Sector Development Programme (PSDP), Rs1,112 billion provincial PSDP while Rs400 billion would be spent by various corporations from their own resources to carry out their development projects. The development financing for Azad Jammu and Kashmir in the upcoming PSDP has been enhanced from Rs12 billion to Rs22 billion, for Gilgit-Baltistan it has been increased from Rs9 billion to Rs12 billion, while an additional package of Rs3 billion for GB, hence taking the total funding to Rs15 billion for the region. Development funding for the Federally Administered Tribal Areas has also been increased from Rs21 billion to Rs24.5 billion. The social sector was given importance in the development budget, financing for which has been increased from Rs90 billion to Rs153 billion. In order to promote higher education and lead the country towards development, the budget for the Higher Education Commission(HEC) has been increased from Rs21 billion in 2016-17 to Rs35.5 billion in 2017-18. The government would announce growth targets for the upcoming fiscal year. According to official sources, the agriculture growth target would be fixed at 3.5%, manufacturing at 6.4%, services sector at 6.4%, while inflation would be curtailed at 6%. The investments are expected to go up from the current 15.8% to 17.2% percent, while exports are projected to reach $23.1 billion. During the outgoing fiscal year, the agriculture sector posted a growth of 3.46%, large scale manufacturing grew by 5.06% compared to 4.64% last year, while the headline inflation consumer price index averaged at 4.1% during July-April 2017 against a target of 6%, showing that inflation will remain below the target.
  9. ISLAMABAD: The Pakistan Muslim League ? Nawaz (PML-N) government on Friday presented its fifth and possibly last budget before general elections in 2018, earmarking a total of Rs 4,757 billion in expenditures for the next fiscal year. "For the first time in Pakistan's history, an elected prime minister and finance minister are presenting their fifth budget. This shows the strengthening of democracy in the country," the minister said as he began presenting budget on the floor of the National Assembly. Pakistan was on the verge of defaulting in 2013 and the economy was declared unstable on the basis of macroeconomic indicators, recalled Dar. "Today, the country's foreign exchange reserves are adequate enough for four months of imports. The supply of gas has improved, and load shedding has been completely halted for the industries. Inshallah, load shedding will end for good come next year," he added. The finance minister claimed the PML-N government had turned the economy around since it came to power in 2013. "Today, reputable organisations like PricewaterhouseCoopers are saying that Pakistan will enter the G-20 group of nations in the near future," claimed Dar. The GDP growth rate was 5.3% in the outgoing fiscal year ? the highest in ten years, he stated, adding that it was for the first time that Pakistan's economy had grown to over $300 billion. "This shows the strengthening of the economy," said Dar. The industrial sector grew by 5.02%, the services sector grew by 5.98%, which includes transport, housing, etc. while the per capita income increased by 22%. The minister set the tax collection target for the upcoming fiscal year at Rs3,521 billion, while the tax to GDP ratio is expected to be 13.2%. The long-term loan facility for the overall industries sector is at 6%, while for the textile sector it is 5%, in a bit to help the industry, the minister informed. The foreign exchange reserves stand today at $16 billion, which come up to $21 billion after adding the bank reserves, he stated. According to budget documents received by Geo News, the government aims to achieve an investment to GDP ratio of 17 percent, and an inflation rate of less than six percent. It is also hoping to keep the fiscal deficit at under 4.1% of GDP, according to the budget documents. The minimum wage for unskilled workers will be raised from Rs14,000 to Rs15,000. The minister said that Rs121 billion will be allocated for the Benazir Income Support Programme, which is three times its allocation in the 2013 budget. The minister said an investment of Rs97 billion is being undertaken in the Pakistan Stock Exchange. He also said that women will be given representation in listed companies as well as representation in boards of governors. The government is aiming to achieve a tax revenue target of Rs4,330 billion, with Rs4,013 billion in taxes collected by the Federal Bureau of Revenue (FBR), and Rs317 billion in other taxes. The non-tax revenue is targeted at Rs979.9 billion. On the expenses side, the government allocated Rs3,477 billion for ?current expenditure?, and Rs1,275 billion for development expenditure. The budgeted current expenditure includes Rs1,363 billion in interest payments, Rs248 billion in pensions, Rs920 billion for defence affairs and services, Rs430 billion for grants and transfers, Rs138 billion in subsidies, and Rs378.8 billion for the running of the government. Talking about the exports sector, which has showed a negative growth, the minister revealed that the customs duty on the export of raw hides has been suspended. He announced similar measures for stamping foil. The minister also informed the House that the present housing shortage in the country is one million, and increasing annually by 0.3 million units. He thus announced a 40% government guarantee on loans up to Rs10,000 from banks and other financial institutions for housing purposes. The sales tax on the commercial import of fabric will be set at 6%. The minister also announced the setting up of an Information Technology Park in Islamabad in collaboration with South Korea. Majority of population is under 20 years of age, thus our focus is on them, said the minister. An allocation of Rs49 billion has been made for the health sector. Highlighting the energy sector reforms, Dar said 10,000MW will be added to the national grid by 2018. "Load shedding will be history," he claimed. The minister added that 15000MW will be added to the grid in later years. An amount of Rs180 billion has been earmarked for CPEC-related development projects in the country. The Karachi Operation which began on the premier's orders in 2013 has borne fruit, said the minister, adding that the nation is proud of the army for defeating the enemy after the government launched Operation Zarb-e-Azb in June 2014. "No army has sacrificed against terrorism as much as the Pakistan Army has," he stated. In recognition of these sacrifices, a special raise of 10% allowance apart from salaries will be provided for them, he declared. The minister also announced a special welfare package for the families of martyrs from the armed forces, police and other security agencies. Moreover, an increase of 10% in the salaries of government employees and as much increase in pension of retired employees has been announced. The minister also declared a decrease in the withholding tax for registration of vehicles for filers of tax returns. Registrations of 850cc vehicles will now cost Rs7,500, 1,000cc vehicles will now cost Rs15,000 and that of 1,300cc will cost Rs25,000. There has obviously been no decrease for non-filers, the minister commented. Talking about the corporate tax, Dar said it has been brought down from 35% to 30% as promised by the government. The minister also presented the proposal to raise the customs duty on electronic cigarettes from 3% to 20%. A raise in the regulatory duty on betel nut from 10% to 25% has been proposed along with a Rs200/kilogramme regulatory duty on the import of paan. The minister also presented a recommendation to end the 5% regulatory duty on the import of raw materials related to the poultry industry. He also informed of a reduction in customs duty in the poultry business from 11% to 3%. Special persons will get a 2% job quota in listed companies as per the newly passed companies act, the minister announced. The minister also proposed a uniform regulatory tax of 9% on the telecommunications sector and announced relief package on duty for electric cars. The budget of the Pakistan Baitul Maal is to be raised from Rs4 billion to Rs6 billion. The government is also set to launch a scheme for the payment of HBFC loans for widows. The scheme is valid for widows who have not remarried. Session begins with ruckus The assembly session formally started with prayers at the Parliament House around 4:45pm for the presentation of the federal budget. The National Assembly was already in session from May 23. Opposition Leader Khursheed Shah addressing the Parliament before the budget speech After being allowed to address the House by the speaker, Opposition Leader Khursheed Shah referred to the incident in the capital?s Red Zone earlier in the day when farmers from various areas of Punjab gathered to protest the ?unfair? policies of the budget. Shah said that he was speaking on behalf of all opposition members and claimed that they intend to walk out in protest of the treatment meted out to the farmers. The opposition leader said that the farmers were only asking for their rights and should not have been shelled or baton-charged by the police. ?This is injustice to the most important class of the society, they fill our food basket,? he said. Shah further said that several ruling party members with a background in agriculture also do not agree with the government?s policies on agriculture but they are bound not to speak. ?What?s the difference between a democratic government and a dictatorship?? said Shah, adding that it is the tactic of authoritarian regimes to suppress voices demanding their rights. Economic survey Presenting the Economic Survey 2016-17 on Thursday, the finance minister had forecast a growth rate of 6% for the next fiscal year. According to government sources, the PML-N's fifth budget is expected to lend further focus towards improvement in economic growth, maintaining fiscal discipline, reducing on-development expenditures and boosting exports besides providing relief to the masses, promoting investment for job creation, treading the people's friendly policies for overarching socio-economic prosperity. The key focus in the budget would be on infrastructure and human resource development while the government is likely to enhance allocations for the social safety net for providing maximum relief to the vulnerable segment of the society, sources said. Finance Minister Ishaq Dar presenting the PML-N government's first budget in 2013. Photo: File/AFP It would also focus on social sector development and revenue enhancement measures, besides introducing reforms for improving governance and boosting private sector investment. On the revenue side, the government would introduce measures for bringing improvement in the system of tax collection, broadening the tax base, and facilitation to taxpayers, they said and argued that strong revenue generation will play a crucial role in achieving the targets for economic growth. From the growth perspective, the federal budget would focus on generating 6% gross domestic product growth (GDP), and for this purpose, the government would introduce some fiscal measures and policy initiatives. The National Economic Council (NEC) chaired by Prime Minister Muhammad Nawaz Sharif on May 19, had already approved the GDP growth target at 6% for the financial year 2017-18 while the government achieved a GDP growth rate of 5.3% in the outgoing fiscal year. The NEC also approved country's consolidated development budget of Rs2.5 trillion for the upcoming financial year (2017-18), showing the highest-ever increase in the overall national outlay. This included Rs1,001 billion Federal Public Sector Development Programme (PSDP), Rs1,112 billion provincial PSDP while Rs400 billion would be spent by various corporations from their own resources to carry out their development projects. The development financing for Azad Jammu and Kashmir in the upcoming PSDP has been enhanced from Rs12 billion to Rs22 billion, for Gilgit-Baltistan it has been increased from Rs9 billion to Rs12 billion, while an additional package of Rs3 billion for GB, hence taking the total funding to Rs15 billion for the region. Development funding for the Federally Administered Tribal Areas has also been increased from Rs21 billion to Rs24.5 billion. The social sector was given importance in the development budget, financing for which has been increased from Rs90 billion to Rs153 billion. In order to promote higher education and lead the country towards development, the budget for the Higher Education Commission(HEC) has been increased from Rs21 billion in 2016-17 to Rs35.5 billion in 2017-18. The government would announce growth targets for the upcoming fiscal year. According to official sources, the agriculture growth target would be fixed at 3.5%, manufacturing at 6.4%, services sector at 6.4%, while inflation would be curtailed at 6%. The investments are expected to go up from the current 15.8% to 17.2% percent, while exports are projected to reach $23.1 billion. During the outgoing fiscal year, the agriculture sector posted a growth of 3.46%, large scale manufacturing grew by 5.06% compared to 4.64% last year, while the headline inflation consumer price index averaged at 4.1% during July-April 2017 against a target of 6%, showing that inflation will remain below the target.
  10. LAHORE: Provincial ministers and lawmakers in the Punjab Assembly have termed federal budget 2017-18 balanced and farmer-friendly. In their separate statements, they applauded Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar on presenting a balanced budget in difficult circumstances. Provincial Law Minister Rana Sanaullah Khan said, "Pakistan Muslim League-N government has won hearts of farmers by giving them unprecedented relief and incentives in the budget 2017-18. "The concessions in power tariff, rates of fertilizers and other agriculture inputs will provide relief to the farming community and the agri production will increase," he added. PML-N govt presents fifth budget with Rs4.75 trillion outlay Finance minister began speech after opposition leader's remarks criticising the government Budget 2017-18: Govt employees, pensioners get 10% increase Finance Minister Ishaq Dar also announced 10% increase in the pension of retired employees, adding that ad-hoc allowance will also be given on basic salary of government employees Provincial Minister for Industry, Trade and Investment Sheikh Alauddin said that presentation of a public-friendly budget was an achievement of the PML-N government. Minister for Minorities Affairs Khalil Tahir Sindhu said the new budget would benefit all segments of society, adding that the government had fulfilled its promise of provision of relief to masses. Punjab Government spokesman Malik Ahmed Ali said that the federal budget was people-friendly and aimed at national development. Attention had been paid to development of infrastructure, energy and human resource, he added. Provincial Parliamentary Secretary for Information, Tourism and Culture Rana Muhammad Arshad said that the budget would open new avenues of development. He said that interests of deprived segments of society had been safeguarded in the budget. MPAs Muhammad Rafiq, Yasin Sohail, Majid Zahoor, Hina Pervaiz Butt, Uzma Bukhari, and others termed the budget 2017-18 balanced and people-friendly.
  11. ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar began presenting the fifth federal budget of the ruling party on Friday. "For the first time in Pakistan's history, an elected prime minister and finance minister are presenting their fifth budget. This shows the strengthening of democracy in the country," the minister remarked. Pakistan was on the verge of defaulting in 2013 and the economy was declared unstable on the basis of macroeconomic indicators, recalled Dar. "Today, the country's foreign exchange reserves are adequate enough for four months of imports. The supply of gas has improved, and load shedding has been completely halted for the industries. Inshallah, load shedding will end for good come next year," he added. "Today, reputable organisations like PricewaterhouseCoopers are saying that Pakistan will enter the G-20 group of nations in the near future," claimed Dar. The GDP growth rate was was 5.3% in the last fiscal year ? highest in ten years, he stated, adding that it is for the first time that Pakistan's economy has grown to over $300 billion. "This shows the strengthening of the economy," said Dar. The industrial sector grew by 5.02%, the services sector grew by 5.98%, which includes transport, housing, etc. while the per capita income increased by 22%. The minister set the tax collection target for the upcoming fiscal year at Rs3,521 billion, while the tax to GDP ratio is expected to be 13.2%. The long-term loan facility for the overall industries sector is at 6%, while for the textile sector it is 5%, in a bit to help the industry, the minister informed. The foreign exchange reserves stand today at $16 billion, which come up to $21 billion after adding the bank reserves, he stated. According to budget documents received by Geo News, the government aims to achieve an investment to GDP ratio of 17 percent, and an inflation rate of less than six percent. It is also hoping to keep the fiscal deficit at under 4.1% of GDP, according to the budget documents. The minimum wage for unskilled workers will be raised from Rs14,000 to Rs15,000. The minister said that Rs121 billion will be allocated for the Benazir Income Support Programme, which is three times its allocation in the 2013 budget. The minister said an investment of Rs97 billion is being undertaken in the Pakistan Stock Exchange. He also said that women will be given representation in listed companies as well as representation in boards of governors. The government is aiming to achieve a tax revenue target of Rs4,330 billion, with Rs4,013 billion in taxes collected by the Federal Bureau of Revenue (FBR), and Rs317 billion in other taxes. The non-tax revenue is targeted at Rs979.9 billion. On the expenses side, the government allocated Rs3,477 billion for ?current expenditure?, and Rs1,275 billion for development expenditure. The budgeted current expenditure includes Rs1,363 billion in interest payments, Rs248 billion in pensions, Rs920 billion for defence affairs and services, Rs430 billion for grants and transfers, Rs138 billion in subsidies, and Rs378.8 billion for the running of the government. Talking about the exports sector, which has showed a negative growth, the minister revealed that the customs duty on the export of raw hides has been suspended. He announced similar measures for stamping foil. The minister also informed the House that the present housing shortage in the country is one million, and increasing annually by 0.3 million units. He thus announced a 40% government guarantee on loans up to Rs10,000 from banks and other financial institutions for housing purposes. The sales tax on the commercial import of fabric will be set at 6%. The minister also announced the setting up of an Information Technology Park in Islamabad in collaboration with South Korea. Majority of population is under 20 years of age, thus our focus is on them, said the minister. An allocation of Rs49 billion has been made for the health sector. Highlighting the energy sector reforms, Dar said 10,000MW will be added to the national grid by 2018. "Load shedding will be history," he claimed. The minister added that 15000MW will be added to the grid in later years. An amount of Rs180 billion has been earmarked for CPEC-related development projects in the country. The Karachi Operation which began on the premier's orders in 2013 has borne fruit, said the minister, adding that the nation is proud of the army for defeating the enemy after the government launched Operation Zarb-e-Azb in June 2014. "No army has sacrificed against terrorism as much as the Pakistan Army has," he stated. In recognition of these sacrifices, a special raise of 10% allowance apart from salaries will be provided for them, he declared. The minister also announced a special welfare package for the families of martyrs from the armed forces, police and other security agencies. Moreover, an increase of 10% in the salaries of government employees and as much increase in pension of retired employees has been announced. The minister also declared a decrease in the withholding tax for registration of vehicles for filers of tax returns. Registrations of 850cc vehicles will now cost Rs7,500, 1,000cc vehicles will now cost Rs15,000 and that of 1,300cc will cost Rs25,000. There has obviously been no decrease for non-filers, the minister commented. Talking about the corporate tax, Dar said it has been brought down from 35% to 30% as promised by the government. The minister also presented the proposal to raise the customs duty on electronic cigarettes from 3% to 20%. A raise in the regulatory duty on betel nut from 10% to 25% has been proposed along with a Rs200/kilogramme regulatory duty on the import of paan. The minister also presented a recommendation to end the 5% regulatory duty on the import of raw materials related to the poultry industry. He also informed of a reduction in customs duty in the poultry business from 11% to 3%. Special persons will get a 2% job quota in listed companies as per the newly passed companies act, the minister announced. The minister also proposed a uniform regulatory tax of 9% on the telecommunications sector and announced relief package on duty for electric cars. The budget of the Pakistan Baitul Maal is to be raised from Rs4 billion to Rs6 billion. The government is also set to launch a scheme for the payment of HBFC loans for widows. The scheme is valid for widows who have not remarried. Session begins with ruckus The assembly session formally started with prayers at the Parliament House around 4:45pm for the presentation of the federal budget. The National Assembly was already in session from May 23. Opposition Leader Khursheed Shah addressing the Parliament before the budget speech After being allowed to address the House by the speaker, Opposition Leader Khursheed Shah referred to the incident in the capital?s Red Zone earlier in the day when farmers from various areas of Punjab gathered to protest the ?unfair? policies of the budget. Shah said that he was speaking on behalf of all opposition members and claimed that they intend to walk out in protest of the treatment meted out to the farmers. The opposition leader said that the farmers were only asking for their rights and should not have been shelled or baton-charged by the police. ?This is injustice to the most important class of the society, they fill our food basket,? he said. Shah further said that several ruling party members with a background in agriculture also do not agree with the government?s policies on agriculture but they are bound not to speak. ?What?s the difference between a democratic government and a dictatorship?? said Shah, adding that it is the tactic of authoritarian regimes to suppress voices demanding their rights. Economic survey Presenting the Economic Survey 2016-17 on Thursday, the finance minister had forecast a growth rate of 6% for the next fiscal year. According to government sources, the PML-N's fifth budget is expected to lend further focus towards improvement in economic growth, maintaining fiscal discipline, reducing on-development expenditures and boosting exports besides providing relief to the masses, promoting investment for job creation, treading the people's friendly policies for overarching socio-economic prosperity. The key focus in the budget would be on infrastructure and human resource development while the government is likely to enhance allocations for the social safety net for providing maximum relief to the vulnerable segment of the society, sources said. Finance Minister Ishaq Dar presenting the PML-N government's first budget in 2013. Photo: File/AFP It would also focus on social sector development and revenue enhancement measures, besides introducing reforms for improving governance and boosting private sector investment. On the revenue side, the government would introduce measures for bringing improvement in the system of tax collection, broadening the tax base, and facilitation to taxpayers, they said and argued that strong revenue generation will play a crucial role in achieving the targets for economic growth. From the growth perspective, the federal budget would focus on generating 6% gross domestic product growth (GDP), and for this purpose, the government would introduce some fiscal measures and policy initiatives. The National Economic Council (NEC) chaired by Prime Minister Muhammad Nawaz Sharif on May 19, had already approved the GDP growth target at 6% for the financial year 2017-18 while the government achieved a GDP growth rate of 5.3% in the outgoing fiscal year. The NEC also approved country's consolidated development budget of Rs2.5 trillion for the upcoming financial year (2017-18), showing the highest-ever increase in the overall national outlay. This included Rs1,001 billion Federal Public Sector Development Programme (PSDP), Rs1,112 billion provincial PSDP while Rs400 billion would be spent by various corporations from their own resources to carry out their development projects. The development financing for Azad Jammu and Kashmir in the upcoming PSDP has been enhanced from Rs12 billion to Rs22 billion, for Gilgit-Baltistan it has been increased from Rs9 billion to Rs12 billion, while an additional package of Rs3 billion for GB, hence taking the total funding to Rs15 billion for the region. Development funding for the Federally Administered Tribal Areas has also been increased from Rs21 billion to Rs24.5 billion. The social sector was given importance in the development budget, financing for which has been increased from Rs90 billion to Rs153 billion. In order to promote higher education and lead the country towards development, the budget for the Higher Education Commission(HEC) has been increased from Rs21 billion in 2016-17 to Rs35.5 billion in 2017-18. The government would announce growth targets for the upcoming fiscal year. According to official sources, the agriculture growth target would be fixed at 3.5%, manufacturing at 6.4%, services sector at 6.4%, while inflation would be curtailed at 6%. The investments are expected to go up from the current 15.8% to 17.2% percent, while exports are projected to reach $23.1 billion. During the outgoing fiscal year, the agriculture sector posted a growth of 3.46%, large scale manufacturing grew by 5.06% compared to 4.64% last year, while the headline inflation consumer price index averaged at 4.1% during July-April 2017 against a target of 6%, showing that inflation will remain below the target.
  12. ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar began presenting the fifth federal budget of the ruling party on Friday. "For the first time in Pakistan's history, an elected prime minister and finance minister are presenting their fifth budget. This shows the strengthening of democracy in the country," said the minister. The minister got the opportunity to present the budget after the speaker allowed Opposition Leader Khursheed Shah to address the House. Pakistan was on the verge of defaulting in 2013 and the economy was declared unstable on the basis of macroeconomic indicators, the minister recalled. "Today, the country's foreign exchange reserves are adequate enough for four months of imports. The supply of gas has improved, and load shedding has been completely halted for the industries. Inshallah, load shedding will end for good come next year," he added. "Today, reputable organisations like Pricewaterhouse Coopers are saying that Pakistan will enter the G-20 group of nations in the near future," claimed Dar. The GDP growth rate was was 5.3% in the last fiscal year ? highest in ten years, he stated, adding that it is for the first time that Pakistan's economy has grown to over $300 billion. "This shows the strengthening of the economy," said Dar. The assembly session formally started with prayers at the Parliament House around 4:45pm for the presentation of the federal budget. Presenting the Economic Survey 2016-17 on Thursday, the finance minister had forecast a growth rate of 6% for the next fiscal year. According to government sources, the PML-N's fifth budget is expected to lend further focus towards improvement in economic growth, maintaining fiscal discipline, reducing on-development expenditures and boosting exports besides providing relief to the masses, promoting investment for job creation, treading the people's friendly policies for overarching socio-economic prosperity. The key focus in the budget would be on infrastructure and human resource development while the government is likely to enhance allocations for the social safety net for providing maximum relief to the vulnerable segment of the society, sources said. Finance Minister Ishaq Dar presenting the PML-N government's first budget in 2013. Photo: File/AFP It would also focus on social sector development and revenue enhancement measures, besides introducing reforms for improving governance and boosting private sector investment. On the revenue side, the government would introduce measures for bringing improvement in the system of tax collection, broadening the tax base, and facilitation to taxpayers, they said and argued that strong revenue generation will play a crucial role in achieving the targets for economic growth. From the growth perspective, the federal budget would focus on generating 6% gross domestic product growth (GDP), and for this purpose, the government would introduce some fiscal measures and policy initiatives. The National Economic Council (NEC) chaired by Prime Minister Muhammad Nawaz Sharif on May 19, had already approved the GDP growth target at 6% for the financial year 2017-18 while the government achieved a GDP growth rate of 5.3% in the outgoing fiscal year. The NEC also approved country's consolidated development budget of Rs2.5 trillion for the upcoming financial year (2017-18), showing the highest-ever increase in the overall national outlay. This included Rs1,001 billion Federal Public Sector Development Programme (PSDP), Rs1,112 billion provincial PSDP while Rs400 billion would be spent by various corporations from their own resources to carry out their development projects. The development financing for Azad Jammu and Kashmir in the upcoming PSDP has been enhanced from Rs12 billion to Rs22 billion, for Gilgit-Baltistan it has been increased from Rs9 billion to Rs12 billion, while an additional package of Rs3 billion for GB, hence taking the total funding to Rs15 billion for the region. Development funding for the Federally Administered Tribal Areas has also been increased from Rs21 billion to Rs24.5 billion. The social sector was given importance in the development budget, financing for which has been increased from Rs90 billion to Rs153 billion. In order to promote higher education and lead the country towards development, the budget for the Higher Education Commission(HEC) has been increased from Rs21 billion in 2016-17 to Rs35.5 billion in 2017-18. The government would announce growth targets for the upcoming fiscal year. According to official sources, the agriculture growth target would be fixed at 3.5%, manufacturing at 6.4%, services sector at 6.4%, while inflation would be curtailed at 6%. The investments are expected to go up from the current 15.8% to 17.2% percent, while exports are projected to reach $23.1 billion. During the outgoing fiscal year, the agriculture sector posted a growth of 3.46%, large scale manufacturing grew by 5.06% compared to 4.64% last year, while the headline inflation consumer price index averaged at 4.1% during July-April 2017 against a target of 6%, showing that inflation will remain below the target.
  13. Finance Minister Ishaq Dar presenting the present government's first budget in 2013. Photo: File/AFP ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar will present the fifth federal budget of the ruling party with an estimated outlay of Rs4.8 trillion for the fiscal year 2017-18 today. This is the first time that the Pakistan Muslim League-Nawaz government will present a budget for the fifth time. The National Assembly, already in session since May 23, will meet today at the Parliament House at 4pm after daybreak for the presentation of the federal budget. [embed_video1 url=http://stream.jeem.tv/vod/417c38e8b41cb579891e434759163fbf.mp4/playlist.m3u8?wmsAuthSign=c2VydmVyX3RpbWU9NS8yNi8yMDE3IDc6MTY6NDUgQU0maGFzaF92YWx1ZT16SFJ2OWk2dXlFSU5ZOVVrMmc0dDZnPT0mdmFsaWRtaW51dGVzPTYwJmlkPTE= style=center] The budget will lend further focus towards improvement in economic growth, maintaining fiscal discipline, reducing on-development expenditures and boosting exports besides providing relief to the masses, promoting investment for job creation, treading the people's friendly policies for overarching socio-economic prosperity. The key focus in the budget would be on infrastructure and human resource development while the government is likely to enhance allocations for the social safety net for providing maximum relief to the vulnerable segment of the society, sources said. It would also focus on social sector development and revenue enhancement measures, besides introducing reforms for improving governance and boosting private sector investment. On the revenue side, the government would introduce measures for bringing improvement in the system of tax collection, broadening the tax base, and facilitation to taxpayers, they said and argued that strong revenue generation will play a crucial role in achieving the targets for economic growth. From the growth perspective, the federal budget would focus on generating 6% gross domestic product growth (GDP), and for this purpose, the government would introduce some fiscal measures and policy initiatives. The National Economic Council (NEC) chaired by Prime Minister Muhammad Nawaz Sharif on May 19, had already approved the GDP growth target at 6% for the financial year 2017-18 while the government achieved a GDP growth rate of 5.3% in the outgoing fiscal year. The NEC also approved country's consolidated development budget of Rs2.5 trillion for the upcoming financial year (2017-18), showing the highest-ever increase in the overall national outlay. This included Rs1,001 billion Federal Public Sector Development Programme (PSDP), Rs1,112 billion provincial PSDP while Rs400 billion would be spent by various corporations from their own resources to carry out their development projects. The development financing for Azad Jammu and Kashmir in the upcoming PSDP has been enhanced from Rs12 billion to Rs22 billion, for Gilgit-Baltistan it has been increased from Rs9 billion to Rs12 billion, while an additional package of Rs3 billion for GB, hence taking the total funding to Rs15 billion for the region. Development funding for the Federally Administered Tribal Areas has also been increased from Rs21 billion to Rs24.5 billion. The social sector was given importance in the development budget, financing for which has been increased from Rs90 billion to Rs153 billion. In order to promote higher education and lead the country towards development, the budget for the Higher Education Commission(HEC) has been increased from Rs21 billion in 2016-17 to Rs35.5 billion in 2017-18. The government would announce growth targets for the upcoming fiscal year. According to official sources, the agriculture growth target would be fixed at 3.5%, manufacturing at 6.4%, services sector at 6.4%, while inflation would be curtailed at 6%. The investments are expected to go up from the current 15.8% to 17.2% percent, while exports are projected to reach $23.1 billion. During the outgoing fiscal year, the agriculture sector posted a growth of 3.46%, large scale manufacturing grew by 5.06% compared to 4.64% last year, while the headline inflation consumer price index averaged at 4.1% during July-April 2017 against a target of 6%, showing that inflation will remain below the target.
  14. Finance Minister Ishaq Dar. Photo: File ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar will present the fifth federal budget of the ruling party with an estimated outlay of Rs4.8 trillion for the fiscal year 2017-18 today. This is the first time that the Pakistan Muslim League-Nawaz government will present a budget for the fifth time. The National Assembly, already in session since May 23, will meet today at the Parliament House at 4pm after daybreak for the presentation of the federal budget. The budget will lend further focus towards improvement in economic growth, maintaining fiscal discipline, reducing on-development expenditures and boosting exports besides providing relief to the masses, promoting investment for job creation, treading the people's friendly policies for overarching socio-economic prosperity. The key focus in the budget would be on infrastructure and human resource development while the government is likely to enhance allocations for the social safety net for providing maximum relief to the vulnerable segment of the society, sources said. It would also focus on social sector development and revenue enhancement measures, besides introducing reforms for improving governance and boosting private sector investment. On the revenue side, the government would introduce measures for bringing improvement in the system of tax collection, broadening the tax base, and facilitation to taxpayers, they said and argued that strong revenue generation will play a crucial role in achieving the targets for economic growth. From the growth perspective, the federal budget would focus on generating 6% gross domestic product growth (GDP), and for this purpose, the government would introduce some fiscal measures and policy initiatives. The National Economic Council (NEC) chaired by Prime Minister Muhammad Nawaz Sharif on May 19, had already approved the GDP growth target at 6% for the financial year 2017-18 while the government achieved a GDP growth rate of 5.3% in the outgoing fiscal year. The NEC also approved country's consolidated development budget of Rs2.5 trillion for the upcoming financial year (2017-18), showing the highest-ever increase in the overall national outlay. This included Rs1,001 billion Federal Public Sector Development Programme (PSDP), Rs1,112 billion provincial PSDP while Rs400 billion would be spent by various corporations from their own resources to carry out their development projects. The development financing for Azad Jammu and Kashmir in the upcoming PSDP has been enhanced from Rs12 billion to Rs22 billion, for Gilgit-Baltistan it has been increased from Rs9 billion to Rs12 billion, while an additional package of Rs3 billion for GB, hence taking the total funding to Rs15 billion for the region. Development funding for the Federally Administered Tribal Areas has also been increased from Rs21 billion to Rs24.5 billion. The social sector was given importance in the development budget, financing for which has been increased from Rs90 billion to Rs153 billion. In order to promote higher education and lead the country towards development, the budget for the Higher Education Commission(HEC) has been increased from Rs21 billion in 2016-17 to Rs35.5 billion in 2017-18. The government would announce growth targets for the upcoming fiscal year. According to official sources, the agriculture growth target would be fixed at 3.5%, manufacturing at 6.4%, services sector at 6.4%, while inflation would be curtailed at 6%. The investments are expected to go up from the current 15.8% to 17.2% percent, while exports are projected to reach $23.1 billion. During the outgoing fiscal year, the agriculture sector posted a growth of 3.46%, large scale manufacturing grew by 5.06% compared to 4.64% last year, while the headline inflation consumer price index averaged at 4.1% during July-April 2017 against a target of 6%, showing that inflation will remain below the target.
  15. Finance Minister Ishaq Dar presenting the present government's first budget in 2013. Photo: File/AFP ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar will present the fifth federal budget of the ruling party with an estimated outlay of Rs4.8 trillion for the fiscal year 2017-18 today. This is the first time that the Pakistan Muslim League-Nawaz government will present a budget for the fifth time. The National Assembly, already in session since May 23, will meet today at the Parliament House at 4pm after daybreak for the presentation of the federal budget. The budget will lend further focus towards improvement in economic growth, maintaining fiscal discipline, reducing on-development expenditures and boosting exports besides providing relief to the masses, promoting investment for job creation, treading the people's friendly policies for overarching socio-economic prosperity. The key focus in the budget would be on infrastructure and human resource development while the government is likely to enhance allocations for the social safety net for providing maximum relief to the vulnerable segment of the society, sources said. It would also focus on social sector development and revenue enhancement measures, besides introducing reforms for improving governance and boosting private sector investment. On the revenue side, the government would introduce measures for bringing improvement in the system of tax collection, broadening the tax base, and facilitation to taxpayers, they said and argued that strong revenue generation will play a crucial role in achieving the targets for economic growth. From the growth perspective, the federal budget would focus on generating 6% gross domestic product growth (GDP), and for this purpose, the government would introduce some fiscal measures and policy initiatives. The National Economic Council (NEC) chaired by Prime Minister Muhammad Nawaz Sharif on May 19, had already approved the GDP growth target at 6% for the financial year 2017-18 while the government achieved a GDP growth rate of 5.3% in the outgoing fiscal year. The NEC also approved country's consolidated development budget of Rs2.5 trillion for the upcoming financial year (2017-18), showing the highest-ever increase in the overall national outlay. This included Rs1,001 billion Federal Public Sector Development Programme (PSDP), Rs1,112 billion provincial PSDP while Rs400 billion would be spent by various corporations from their own resources to carry out their development projects. The development financing for Azad Jammu and Kashmir in the upcoming PSDP has been enhanced from Rs12 billion to Rs22 billion, for Gilgit-Baltistan it has been increased from Rs9 billion to Rs12 billion, while an additional package of Rs3 billion for GB, hence taking the total funding to Rs15 billion for the region. Development funding for the Federally Administered Tribal Areas has also been increased from Rs21 billion to Rs24.5 billion. The social sector was given importance in the development budget, financing for which has been increased from Rs90 billion to Rs153 billion. In order to promote higher education and lead the country towards development, the budget for the Higher Education Commission(HEC) has been increased from Rs21 billion in 2016-17 to Rs35.5 billion in 2017-18. The government would announce growth targets for the upcoming fiscal year. According to official sources, the agriculture growth target would be fixed at 3.5%, manufacturing at 6.4%, services sector at 6.4%, while inflation would be curtailed at 6%. The investments are expected to go up from the current 15.8% to 17.2% percent, while exports are projected to reach $23.1 billion. During the outgoing fiscal year, the agriculture sector posted a growth of 3.46%, large scale manufacturing grew by 5.06% compared to 4.64% last year, while the headline inflation consumer price index averaged at 4.1% during July-April 2017 against a target of 6%, showing that inflation will remain below the target.
  16. KARACHI: Senior Pakistan Muslim League-N (PML-N) leader Muhammad Ismail Rahoo on Monday tendered his resignation as member of the Sindh assembly, citing personal reasons. Rahoo was elected an MPA from district Badin in the 2013 elections. He has also served as the president of PML-N Sindh chapter, from which he resigned last month. According to sources, the Rahoo is expected to join Pakistan People's Party soon.
  17. KARACHI: Pakistan Tehreek-e-Insaf and Pakistan Muslim League-Nawaz’s workers came face to face on Sunday outside the Karachi Press Club, hours before the two parties scheduled rallies in the metropolis. A rally of the PTI was passing by, chanting anti-Nawaz slogans, which provoked PML-N workers present outside the press club. Workers of both the parties started chanting slogans and hurled stones at each other. Police reached the site of contention and brought the situation under control with the help of the local leaders of both the parties. In a video message earlier, Imran Khan called on the people of Karachi to join in the march to protest for their rights. The walk is scheduled to begin on Sunday (today), 3 pm from Mazar-e-Quaid. “I invite the people of Karachi to join me in the walk to demand their rights. The sole purpose of the march is to highlight the day-to-day problems faced by the residents of Karachi and to pressurise the government to resolve these problems,” Khan said in the message. The PTI chief added that the walk aims to bring to the spotlight issues such as loadshedding, water shortage and garbage disposal. Meanwhile, PML-N leaders are also holding a rally in Karachi’s Baldia area.
  18. LAHORE: Responding to Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan's speech on Friday, Federal Minister for Railways Khawaja Saad Rafique said Imran Khan was about to fall in a hole he was digging for others. "PTI's legal accountability will start from May 3," he said. "If Khan is unable to validate his allegation of the Rs 10bn offer with a proof, we will take the liar to the legal and public's court." The minister remarked that disgrace and ill-fate are PTI's fate. "Imran and his comrades have gone berserk for a few days of power," he said. Read more: Take me to court, will reveal who made Rs10 bn offer: Imran Rafique alleged that the public was fooled on the premise of change by Zulfikar Ali Bhutto in 1970 and Imran Khan in 2013. "Pakistan Muslim League - Nawaz's (PML-N) successful rally in Swat is proof of the public's lack of trust in the Khyber Pakhtunkhwa (KP) government," the federal minister said. "Mian Nawaz Sharif's worker Ameer Muqam alone is sufficient to face Imran and his party workers [in elections]." Read more: Imran Khan has made a record of lying: Shehbaz Sharif Earlier on Friday, Khan challenged his opponents, saying that those who want to know the name of the person who made the Rs10 billion offer to stay mum over the Panama case, can take him to court. Imran Khan said that he gathers people not for himself but for the country, as he addressed the first rally of the party since the announcement of the Panama case verdict. Read more: PTI chief is lying about Rs10bn offer: Hamza Shahbaz He said that he’s not revealing the name of the one who tried to bribe him, only out of consideration that the person would be forced to go out of business due to vengeful activities.
  19. FAISALABAD: Minister of State for Water and Power Abid Sher Ali on Saturday said that Asif Ali Zardari is the root of all evil in Pakistan. While addressing the members of the press in Faisalabad, Sher Ali referred to Zardari as a dacoit. He said, "All joint investigation teams formed in Sindh reached the conclusion that Zardari is the leader of corruption in the province." He added that the co-chairperson of Pakistan People's Party and his sister were part of all confessions of criminal activity by infamous Lyari gangster Uzair Baloch. "All businesses operating in Sindh belong to Zardari, and destroying all public institutions is part of the PPP's manifesto," the PML-N minister said. "Zardari should be tried in military court and his name should be added to the exit control list." Read more: SC not given conducive environment for Panama case proceedings: Saad Rafique Responding to the allegations levelled by Sher Ali, PPP Senator Saeed Ghani said that it has been identified that the Sharif clan is corrupt. "The PM has not been cleared, he has only been given relief," Ghani said on Saturday. "When thieves are identified, their children create a ruckus. But the joint investigation team is all show. It will meet the same fate as the Model Town report." The senator further added that Chaudhry Nisar is the main character in the Dawn leaks case. The exchange of words between PML-N and PPP leaders continued, as PPP leader Moula Bux Chandio said lashed at the PML-N leaders stating that political people engage in logical and intelligent debates and don’t take the route of cursing. Read more: Govt got interim bail in Panama case: Sirajul Haq “I won't respond to them [PML-N leaders] in their style but someone, today, told me that they [PML-N leaders] are lashing out at us today. I responded by saying today is their day to do so, after all, they have been declared liars and corrupt people by the Supreme Court,” Bux said in a statement. “There could not be a bigger insult to a political leader than the highest court of the country declaring they [PM’s family] submitted bogus evidence of their innocence,” he stated.
  20. ISLAMABAD: With no clear winners or losers following the eagerly-anticipated verdict by the Supreme Court in the Panama leaks case, the ruling PML-N and the opposing Pakistan Tehreek-e-Insaf have both decided to observe Friday as ‘Thanksgiving day’. PML-N said it would observe Friday as 'Thanksgiving Day', after the Supreme Court declared there was insufficient evidence to disqualify Prime Minister Nawaz Sharif and ordered further investigations into corruption allegations levelled by the opposition. The people and workers of the party would express their gratitude to the Almighty today, a PML-N spokesperson said, as the PML-N camp hailed the apex court’s verdict a victory for the party. At the other end of the spectrum, Imran Khan’s PTI announced it would mark Friday as the day of ‘Riddance and Thanksgiving’ to acclaim the Panama verdict. PTI’s central information secretary Naeemul Haq said his party would observe ‘Thanksgiving day’ across the country on the instruction of party chairman Imran Khan. He said that the party workers would offer “Nawafil’ after the Friday prayers. “Langar” (free food) would also be distributed among deserving people and prayers would be held today for the country's future, he added. PML-N celebrates SC decision Declaring the Panama verdict a victory for the party, PM’s daughter Maryam Nawaz said the petitioners had failed to prove any of their allegations and shared pictures of the celebratory atmosphere at the PML-N camp on Twitter. Celebrations pic.twitter.com/CmtquN5KeT — Maryam Nawaz Sharif (@MaryamNSharif) April 20, 2017 Speaking to media following the decision, PML-N leader Khawaja Saad Rafique said that Nawaz Sharif, his team, PML-N, their voters and all Pakistanis who are advocates of democracy had won. "The order to create a joint investigation team is the victory of the PM’s point of view,” Rafique added. Speaking to Geo News in London, PM’s son Hasan Nawaz thanked God for the decision. Reacting to the apex court’s decision, the Prime Minister vowed to implement ‘in letter and spirit’ the verdict of the Panama leaks case and said that he had put himself before the court’s mercy and Allah made him successful. Read: PM vows to implement Panama verdict ‘in letter and spirit’ ‘What is PML-N celebrating?’ PTI chief Imran Khan called for Prime Minister Nawaz Sharif to step down until an investigation team ordered by the Supreme Court completed its probe. Terming the apex court’s verdict "a historic judgment in Pakistan's history", he told reporters on Thursday that all five members of the bench had rejected PM's explanation into his source of income and money trail that led to his children's offshore holdings. Read: Imran Khan says PM should resign PTI leadership celebrating Panama Leaks case verdict Khan also took to Twitter to congratulate the nation and his party workers, and told them to “celebrate their success”. Want to congratulate the nation on this SC judgement, esp PTI workers who stood steadfast with me throughout. Celebrate your success today. — Imran Khan (@ImranKhanPTI) April 20, 2017 He also questioned what the PML-N was celebrating. I am still puzzling over what PMLN is celebrating? They shd be asking NS to resign. But this reflects complete moral collapse of our elite https://t.co/Qg0rAEqXSk — Imran Khan (@ImranKhanPTI) April 20, 2017 The SC verdict ordered the formation of a Joint Investigation team (JIT) to carry out an investigation into how Gulf Steel Mill came into being, its sale and liabilities, how the sale proceeds ended up in Jeddah, Qatar and the UK, and how the Prime Minister's children at their tender age had the means to purchase the flats in the early nineties. Read: SC order on Panama Leaks case The apex court also ordered the JIT to present its report every two weeks before the SC bench, and directed the Prime Minister and his sons Hasan and Hussein to appear before the JIT as and when required, which will complete its investigation within 60 days of its formation.
  21. MANDI BAHAUDDIN: A local body representative of the ruling Pakistan Muslim League-Nawaz (PML-N) was shot dead by unidentified assailants in Mandi Bahauddin on Thursday, police said. Unknown attackers fired on the vehicle of Jamshed Tarar near Jako village, Mandi Bahauddin, officials said. The incident left Tarar, chairman of Kala Shadian union council, dead. Three of Tarar's bodyguards were also wounded in the shooting, who were shifted to hospital. Police said Tarar was en route to Jako village from Qadirabad. They said that they were probing the incident.
  22. ISLAMABAD: The Supreme Court of Pakistan delivered the long-awaited verdict in the Panama Case and ordered an investigation into how money was transferred to Qatar, a year after a Panama Papers revelations linked the prime minister's family to offshore businesses. The apex court ruled against the disqualification of the prime minister with a 3:2 ratio and ordered the formation of a Joint Investigation team (JIT) to carry out the investigation, which should present its report every two weeks before the five-judge bench. Speaking to the media outside the Supreme Court PMLN leaders declared the ruling as a victory. "Mian Nawaz Sharif had written the letter asking for a commission to be formed to investigate the matter, and, the Supreme Court has delivered the same order that Mian Nawaz Sharif had six months ago," said Khawaja Asif Ahsan Iqbal termed the Supreme Court verdict was a clear defeat to those who were trying to move against the mandate of the Pakistani people. Khawaja Saad Rafique PML-N leader, Khawaja Saad Rafique, while addressing the members of press outside the Supreme Court said, “Today, once again, Nawaz Sharif, his team, PML-N, our voters, and all Pakistanis who are advocates of democracy won.” Rafique emphasised that the order to create a joint investigation team was the victory of the PM’s point of view. "The PMLN caravan under the chairmanship of Nawaz Sharif will continue forward," Rafique told journalists. “One is a constitutional court, and the other was created on the roads. Another one was created on some television channels. Our opponents conspired against us and tried to defame us, but they were defeated today,” the PML-N leader said. “Nawaz Sharif is Alhamdulilah both ‘sadiq’ and ‘ameen’.” Rafique further stated that the PTI chief “should stop getting jealous and stop crying.” He said there is still time for Imran Khan to go back and deliver his promises to the people of Khyber Pakhtunkhwa. “With Nawaz Sharif leading the party, the PML-N will win in the people’s court in 2018. Not only will we establish our government in all four provinces, we will also get a two-thirds majority,” he said. The cursing culture was defeated today, Rafique said as PML-N supporters chanted the “Go Imran go” slogan Anusha Rahman PML-N leader and Minister of State of Information Technology and Telecommunication Anusha Rehman said the PTI was able to fool its followers but failed to do the same in front of the Supreme Court. "Imran Khan must be held accountable for wasting the public’s time," Rahman said. "He will pay for this in the 2018-election. Khan will lose the 20-25 seats that he presently has." Khawaja Muhammad Asif "Mian Nawaz Sharif wrote a letter to the SC to put together a commission and probe into the matter, and today the SC, by a majority, announced the same decision that the PM suggested six months ago," PML-N leader and the Minister of Defence and Power said. He stated that the SC's verdict established that the proofs and witness accounts that PML-N's opponents presented before the court were insufficient, and further investigation was required into them. "I want to tell all those people who wanted or want the PM to be disqualified that Sharif will serve on his position till 2018, and we are confident that he will get re-elected for the next five years as well," Asif told the journalists. View the full article
  23. KARACHI: Awami Muslim League leader Sheikh Rasheed has predicted that the Supreme Court`s decision on the Panama Leaks case would be against the Pakistan Muslim League-Nawaz. Speaking in Aaj Shahzeb Khanzada Kay Saath, Rasheed said that coffin of corruption would come out of the courtroom. “I have prepared one speech and I am sure that tomorrow will be the day of political funeral for the PML-N,” however, he immediately added, “we will accept the decision even if it is against us.” “I suggest Nawaz Sharif to distance himself from incompetent people” Meanwhile, banners in support of Prime Minister Nawaz Sharif surfaced in areas of Lahore, a day after the Supreme Court announced that the verdict of the Panama leaks case would come on April 20. The banners, which showed up in the constituency of Khawaja Saad Rafique, had slogans printed which read: “Nawaz Sharif qadam barhao hum tumharay saath hain (Move forward Nawaz Sharif, we are with you). The banners appeared overnight in NA-125 constituency, having pictures of MNA Saad Rafique, MPA Mian Naseer Ahmed and Yasin Sohal. The Supreme Court will announce its verdict in the Panama Leaks case on April 20 at 2 PM. The case stems from documents leaked from the Panama-based Mossack Fonseca law firm appeared to show that Prime Minister Nawaz Sharif´s daughter and two sons owned offshore holding companies registered in the British Virgin Islands and used them to buy properties in London. PM Sharif told parliament last year that his family wealth was acquired legally in the decades before he entered politics and that no money was siphoned off-shore. The Supreme Court has taken up petitions by PTI chairman Imran Khan, JI chief Siraj-ul-Haq and AML head Sheikh Rashid seeking the disqualification of Prime Minister Nawaz Sharif.