Professional Documents
Culture Documents
Fiscal Local
Fiscal Local
Fiscal Local
1. PTI aims to keep expenditure to an all time low by banning purchase of vehicles, creation of new
jobs, etc.
Source: Geo News, 24/08/19, https://www.geo.tv/latest/245680-govt-slaps-ban-on-new-jobs-
purchase-of-vehicles
2. Pak government growth target of 5.5% to be achieved over five years
Source: Business Recorder, 23/06/19, https://www.brecorder.com/2019/06/23/505040/govt-sets-
average-gdp-growth-rate-target-of-5-5pc-in-5-years-khusro-bakhtyar/
3. Nobody knew the real value of exchange rate and nobody can predict or fix the exchange rate at a
certain level because it is always determined by the market itself.
Source: Business Recorder, 02/07/19, https://www.brecorder.com/2019/07/02/506751/no-
agreement-with-imf-to-fix-exchange-rate-at-certain-level-hafeez-shaikh/
4. ADB predicts increase in Pakistan’s inflation rate despite tight policies.
Source: Business Recorder, 03/04/2019, https://www.brecorder.com/2019/04/03/485581/adb-
forecast-increase-in-inflation-rate-for-pakistan-up-to-7-5-percent/
5. Government of Pakistan bans creation of new posts unless required by for a new development
project to reduce expenditure.
Source: SAMAA, 23/08/19, https://www.samaa.tv/news/2019/08/five-ways-the-government-
plans-to-save-money-this-year/
6. PIA reports increase in revenue by 30%
Source: Tribune, 20/08/19, https://tribune.com.pk/story/2037526/2-pia-revenue-jumps-30-jan-
jun-2019/
7. PIA revenues increase due to introduction of new profitable routes.
Source: Tribune, 20/08/19, https://tribune.com.pk/story/2037526/2-pia-revenue-jumps-30-jan-
jun-2019/
8. Promotion of tourism by the aviation division helped increased PIA revenues by increasing
tourist influx to the northern areas.
Source: Tribune, 20/08/19, https://tribune.com.pk/story/2037526/2-pia-revenue-jumps-30-jan-
jun-2019/
9. Official data suggests Pakistan increased its revenues from the power sector.
Source: Profit, 16/08/19, https://profit.pakistantoday.com.pk/2019/08/16/power-sector-witnesses-
rs121bn-increase-in-revenues/
10. PKR 1.3 billion recovered from power thieves amid crackdown by authorities
Source: Profit, 16/08/19, https://profit.pakistantoday.com.pk/2019/08/16/power-sector-witnesses-
rs121bn-increase-in-revenues/
11. Imran Khan launches initiatives to reform the private sector.
Source: Profit, 16/08/19, https://profit.pakistantoday.com.pk/2019/08/16/power-sector-witnesses-
rs121bn-increase-in-revenues/
12. By the year 2025, Pakistan’s share of renewable energy in the energy mix will be increased to
20% from the existing 4%.
Source: Profit, 16/08/19, https://profit.pakistantoday.com.pk/2019/08/16/power-sector-witnesses-
rs121bn-increase-in-revenues/
13. June next year, the circular debt growth will be brought down to Rs8 billion per month
Source: Profit, 16/08/19, https://profit.pakistantoday.com.pk/2019/08/16/power-sector-witnesses-
rs121bn-increase-in-revenues/
14. Pak railways succeeds in securing highest ever revenue.
Source: Business recorder, 19/08/19, https://www.brecorder.com/2019/08/19/518094/pakistan-
railways-achieves-highest-revenue-of-rs-54-59bn/
15. Pak railways has added 24 new passenger trains into its operation, expanding its capabilities and
revenues.
Source: Business recorder, 19/08/19, https://www.brecorder.com/2019/08/19/518094/pakistan-
railways-achieves-highest-revenue-of-rs-54-59bn/
16. Pak railways introduces Wifi in trains to increase public comfort and use.
Source: Business recorder, 19/08/19, https://www.brecorder.com/2019/08/19/518094/pakistan-
railways-achieves-highest-revenue-of-rs-54-59bn/
17. Annual token tax for the year 2019-2020 announced in the finance bill.
Source: PakWheels, 23/08/19, https://www.pakwheels.com/blog/look-annual-token-tax-punjab-
vs-federal-fy-2019-20/
18. Pakistan government would provide PKR 1 billion subsidy on import of fertilizers to facilitate the
farmers and promote agriculture sector
Source: Business Recorder, 18/07/19, https://www.brecorder.com/2019/07/18/510863/govt-to-
provide-rs-one-billion-subsidy-on-fertilizer-imports-razak-dawood/
19. Government vows to maintain fertilizer prices.
Source: Business Recorder, 18/07/19, https://www.brecorder.com/2019/07/18/510863/govt-to-
provide-rs-one-billion-subsidy-on-fertilizer-imports-razak-dawood/
20. Punjab government to provide subsidy to cotton growers in south Punjab.
Source: The news, 14/03/19, https://www.thenews.com.pk/print/443643-growers-of-11-punjab-
districts-get-subsidy-on-cotton-seeds
21. Government pulls back subsidy offered to zero related sector.
Source: The news, 23/05/19, https://www.thenews.com.pk/print/474987-govt-decides-to-end-
subsidy-zero-rated-industry
22. Government plans to provide export industry with RLNG at $6.5 per MMBTU.
Source: The news, 23/05/19, https://www.thenews.com.pk/print/474987-govt-decides-to-end-
subsidy-zero-rated-industry
23. IMF puts pressure on govt. to not allow any subsidy of any kind.
Source: The news, 23/05/19, https://www.thenews.com.pk/print/474987-govt-decides-to-end-
subsidy-zero-rated-industry
39. Cost of production in agriculture sector likely to go up after removal of govt. subsidies.
Source: Dawn, 27/05/19, https://www.dawn.com/news/1484733
40. Experts suggest Pakistan must subsidize educational institutes to increase literacy rates.
Source: Pakistan Today, 07/04/19, https://www.pakistantoday.com.pk/2019/04/07/subsidy-on-
education-must-for-better-literacy-rate/
41. Govt. is spending more on healthcare now.
Source: Business Recorder, 28/07/19, https://www.brecorder.com/2019/07/28/513402/govt-
spending-more-on-health-sector-for-providing-better-health-facilities-to-public-dr-zafar/
42. Enhanced taxation on cigarettes will promote its low use.
Source: Business Recorder, 28/07/19, https://www.brecorder.com/2019/07/28/513402/govt-
spending-more-on-health-sector-for-providing-better-health-facilities-to-public-dr-zafar/
43. Governments removes VAT from petroleum and its products.
Source: Business Recorder, 12/06/19, https://www.brecorder.com/2019/06/12/502132/salient-
features-of-sales-tax-fed/
44. 10% uniform tax to be introduced on various verities of milk.
Source: Business Recorder, 12/06/19, https://www.brecorder.com/2019/06/12/502132/salient-
features-of-sales-tax-fed/
45. Withdrawal of FED on internet services and foreign satellite bandwidth.
Source: Business Recorder, 12/06/19, https://www.brecorder.com/2019/06/12/502132/salient-
features-of-sales-tax-fed/
46. Pak govt. introduces FED tax on cement to increase it by PKR 0.5
Source: Business Recorder, 12/06/19, https://www.brecorder.com/2019/06/12/502132/salient-
features-of-sales-tax-fed/
47. Luxury items such as diamonds may be taxed by 1.5%
Source: Business Recorder, 12/06/19, https://www.brecorder.com/2019/06/12/502132/salient-
features-of-sales-tax-fed/
48. FED proposed on Cars from 0 to 1000cc at 2.5%, from 1001cc to 2000cc 5%, from 2001 cc and
above 7.5%.
Source: Business Recorder, 12/06/19, https://www.brecorder.com/2019/06/12/502132/salient-
features-of-sales-tax-fed/
49. Pak govt. increases sales Tax on Sugar from 8% to 17%
Source: Business Recorder, 12/06/19, https://www.brecorder.com/2019/06/12/502132/salient-
features-of-sales-tax-fed/
50. Rate of FED on aerated waters is proposed to be increased from 11.5% to 14%.
Source: Business Recorder, 12/06/19, https://www.brecorder.com/2019/06/12/502132/salient-
features-of-sales-tax-fed/