Cement News tagged under: federal budget
Pakistan's Federal budget 2021/22 has benefits for cement industry16 June 2021, Published under Cement NewsPakistan’s Finance Minister, Shaukat Tarin, presented the PKR8.48trn (US$54bn) federal budget for 2021-22 in the National Assembly last week. The government had set the GDP growth target at 4.8 per cent against the expected 3.9 per cent for the outgoing financial year. In addition, Islamabad allocated a considerable fund for Public Sector Development Programme (PSDP). These indirect incentives are conducive for the cement industry in Pakistan. Research experts believe and unanimously termed... |
Pakistan's Federal Budget FY20 serves up mixed bag of tax measures13 June 2019, Published under Cement NewsPakistan Minister of State for Revenue, Hammad Azhar, presented the incumbent's governments first federal budget on 11 June with a total outlay of PKR8.2trn (US$53.9bn), which is 38.9 per cent higher than the FY18-19 Federal Budget. The FY19-20 Budget has been prepared to achieve the following economic targets: real GDP growth of 2.4 per cent, inflation between 11-13 per cent, a tax-to-GDP ratio of 12.6 per cent, a fiscal deficit of 7.1 per cent, tax revenues of PKR5.55trn, a primary defi... |
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