Peshawar, June 13, 2013 (PPI-OT): To observe fiscal discipline and streamline the management in public accounts, the Government of Khyber Pakhtunkhwa Finance Department has approved the following measures to be strictly observed by 30th June 2013 positively. The funds placed at the disposal of Departments/Offices are expended uniformly during the …

Peshawar, June 13, 2013 (PPI-OT): Khyber Pakhtunkhwa Senior Minister, Sikandar Hayat Khan Sherpao on Wednesday directed the commissioners of Malakand, Peshawar divisions, deputy commissioners of Charsadda and Nowshera districts and Secretary Irrigation to remain vigilant and take precautionary steps for the expected flood. He issued these directives during telephonic conversation …

Karachi, June 13, 2013 (PPI-OT): Considering limited preparation time, the PML-N government’s FY14 Budget, delivered by Finance Minister Ishaq Oar comes across as focused on pushing through energy reforms (circular debt stock to be eliminated in 60 days) and reviving the privatization program with a view to curbing the fiscal …

Islamabad, June 13, 2013 (PPI-OT): RECEIPTS - SUMMARY (Rs in million) Object Description Budget Revised Budget Code Estimates Estimates Estimates 2012-13 2012-13 2013-14 Federal Consolidated Fund (5+6-10) 2,515,357 2,026,521 2,981,829 B1 Tax Revenue Receipts 2,503,575 2,124,575 2,598,075 Direct Taxes 932,000 779,100 975,700 Indirect Taxes 1,571,575 1,345,475 1,622,375 C 2 Non-Tax …

Islamabad, June 13, 2013 (PPI-OT): Bismillahir-Rehmanir-Rahim PART-I Mr. Speaker, 1. As I rise to present the first budget of the newly elected government I want to thank Allah (SWT) for bestowing this singular honor on me. It is not a mere occasion of presenting a budget. It is marking a …

Islamabad, June 13, 2013 (PPI-OT): Xpress Money, the world’s most dependable money transfer brand, in association with Tameer Bank, today introduced the Door Delivery Service for its customers in Pakistan, at no additional cost to the beneficiary. This pioneering service has been launched to encourage remitters residing abroad, to send …

Karachi, June 13, 2013 (PPI-OT): Under Federal Budget 2013-14 the government has increased Sales Tax from 16% to 17% to increase its Revenue Target. But higher percentage of Tax always gives birth to malpractices such as underinvoicing and other corrupt practices. As a result the government may lose both Sales …