ISLAMABAD: The government has set the national development outlay for 2019-20 at Rs1.837 trillion, including foreign assistance of Rs237 billion. According to Planning Minister Khusro Bakhtiar, the development outlay comprises Rs675bn as the federal Public Sector Development Programme (PSDP), including foreign assistance of Rs127bn, and Rs912bn as provincial annual development plans (ADPs), including Rs110bn in […]
CLICK HERE TO READ MOREISLAMABAD: The government has earmarked Rs675 billion — including foreign assistance of Rs127bn — for the Public Sector Development Programme (PSDP) 2019-20. The development programme will focus on new initiatives in the agriculture sector to ensure food security, prioritisation of mega dams for water conservancy and interventions in the field of knowledge economy and skills […]
CLICK HERE TO READ MOREGrowing deficits in a slowing economy present the government with its starkest challenge. Revenue growth is zero while expenditures shot up by 8.7 per cent, yielding a fiscal deficit of 5.0pc of GDP. Meanwhile, the economy ground to a virtual halt — actually contracting in dollar terms — with large-scale manufacturing showing negative growth. The […]
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ISLAMABAD: The agriculture sector posted a meagre growth of 0.85 per cent against projected target of 3.8pc for the outgoing fiscal year, the Pakistan Economic Survey 2018-19 released on Monday showed. The under-performance of agriculture sector hinged upon reduction in the area of cultivation, lower water availability and drop in fertiliser offtake. The crops sector […]
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KARACHI: Consumers, already braving higher food prices, may see considerably higher inflation in FY20 amid any adjustments in energy prices, volatility in international oil markets along with rationalisation of taxes, the Pakistan Economic Survey 2018-19 projected. The survey estimates headline Consumer Price Index (CPI) inflation to hover between seven to eight per cent in FY19. […]
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KARACHI: The Economic Survey seems to sweep the vagaries of the year 2018-19 under the carpet and instead of mentioning the performance for the outgoing year, it begins tracking the index from Jan 1, 2016 stating that the 100 index which stood at 33,229 points climbed 16 per cent to 38,649 points on March 31. […]
CLICK HERE TO READ MOREKARACHI: During the first nine month of current fiscal year, External Debt and Liabilities (EDL) recorded an increase of $10.6 billion — including a public debt of $74.2bn — to stand at $105.8bn at end March 2019, said the Economic Survey 2018-19 issued on Monday. Disbursements from bilateral sources remained the main contributor in gross […]
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ISLAMABAD: The government is set to reduce overall trade deficit by almost $5 billion by end June despite slowdown in export proceeds, said the Economic Survey 2018-19 released on Monday. The first 10-month figure showed that the overall trade deficit will drop to a certain level owing to contraction of imports of non-essential luxury items. […]
CLICK HERE TO READ MOREKARACHI: The country’s overall oil sales plunged by 25 per cent to 16.972 million tonnes during the first 11 months of this fiscal year owing mainly to 57.7pc drop in furnace oil (FO) sales to 2.743m tonnes. A drop of 19pc was witnessed in the high-speed diesel (HSD) sales to 6.764m tonnes. However, petrol sales […]
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Singapore has emerged as the largest source of foreign direct investment (FDI) into India, underlining growing business links between the two countries. According to latest figures from the Indian Department for Promotion of Industry and Internal Trade, the country received the greatest share of FDI inflows from Singapore, valued at $16.23 billion (S$22.1bn), in the […]
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