Mustafa Nazir Ahmad

  • T“By keeping the current expenditure under tight control, we will be able to create substantial space for development," Finance Minister Ishaq Dar said while presenting the Federal Budget 2017-18 in the National Assembly, reaffirming he has not lost his sense of humour despite juggling with ...

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  • TAs Finance Minister Ishaq Dar presents the Federal Budget 2017-18 today, probably the last of the incumbent PML-N government, it is high time to make an attempt at discovering the story hidden behind the numbers. The idea is to enable the reader to: 1) understand the main issues at play in the ...

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  • TISLAMABAD - The announcement of actual budgetary figures for financial year 2012-13 (FY13) on Monday has presented a clear, though gloomy, picture of the country’s economy for the first time since the coming to power of the ruling PML-N government. As expected, all false pretensions of an ...

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  • TPositives1. In line with the election year, the development budget has been increased almost 51 per cent over the revised estimate for the ongoing fiscal year (from Rs166 billion to Rs250 billion). However, the allocation for development is only 14 per cent higher than the original budget estimate ...

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  • TOne of the major drawbacks of the budget analysis and monitoring work in Pakistan is that only the expenditure side is discussed, while the resources are totally ignored, as a result of which the negative effects of various taxes, particularly indirect ones like sales tax, on the poor are often ...

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  • T LAHORE - Before the presentation of the Federal Budget 2012-13 in the National Assembly on June 1, the general expectation was that it would offer many incentives to the poor. This optimism was based on the assumption that this being the election year, the ruling Pakistan People’s Party ...

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  • T1.    Uniform criterion not applied for comparison – at times, budget estimates for the outgoing fiscal year have been used; while at others revised estimates have been used.2.     Current expenditure and revenue estimates not realistic as evident from the ...

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  • T1.    Transfers to the provinces from the federal divisible pool have been estimated at Rs1,459 billion – almost 20% higher than the outgoing year’s estimates of Rs1,233 billion.2.     20% increase in salaries and pensions of federal government employees.3. ...

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  • T ISLAMABAD - AHMAD AHMADANI - The government has decided to reduce prices of Petroleum Oil and Lubricants (POL) products upto Rs 10.74 per liter for the first 15 days of June while the price of CNG is also likely to witness a decline upto Rs 3 per kg. Well placed sources in Finance Ministry aware ...

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  • T LAHORE – The federal budget 2012-13 will be announced on Friday, but a review of the government’s economic performance in the outgoing fiscal year, which ends on June 30, gives one a fair idea of what is in store for the masses – more taxes, both direct and indirect! The budget ...

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  • T1. Uniform criterion not applied for comparison at times, budget estimates for the ongoing fiscal year have been used; while at others revised estimates have been used. 2. Subsidies on various items have been reduced by Rs229.3billion from Rs395.8 billion (revised estimates) to Rs166.5 ...

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  • TThe PPP-led ruling coalition is faced with multiple challenges, ranging from political to constitutional to social to economic, making budget formulation an onerous task. These challenges were exacerbated by the floods last year that affected more than 20 million people and put a burden of $10 ...

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