2.946 trillion on interest payments to the holders of National Debt and retiring its principal amounts during the financial year 2020/21.

No worries. Please log in again. 110 billion? An official explained that the budget had been prepared to pass through the Financial Action Task Force (FATF) challenge and put on track the IMF programme over the next quarter while fighting back the pandemic-related economic stress and then follow up with more than Rs700bn revenue plan sometimes in September-October. once cpec is complete, pakistan will have better quality of life than dubai. For the first time, the government also listed a host of fiscal risks to the budget as required under the Public Management Act 2019, which have a reasonable chance of materialising in the budget year 2020-21 and medium-term. The Budget Estimates have been added along the comparison of budgetary position of fiscal year 2020-21 viz-a-viz outgoing fiscal year 2019-20. However, if compared with the 2019-20 revised spending, which was Rs.1, 227 billion, the growth would be 5%. Psychological actions of PM by hands and head reflects that he has nothing like brain . 2.631 trillion. Federal Budget for the fiscal year 2020-21: Rs20 billion and Rs15 billion allocated to buy land for the Diamer and Bhasha, and Mohmand Dam respectively For the newly merged tribal districts, the government has set aside Rs152 billion. every rupee of depreciation adds 110 billion rupees to the external debt. At present, each Pakistani, man, woman and child is indebted with Rs. The login page will open in a new tab. Pakistan Federal Budget 2020-2021 current expenditure includes Rs1,363 billion in interest payments, Rs248 billion in pensions, Rs920 billion for defense affairs and services, Rs430 billion for grants and transfers, Rs138 billion in subsidies, and Rs378.8 billion for the running of the government. JavaScript is disabled. 110 billion. Here's How Government Extorts Businesses Under the Guise of 'Taxes' a…, FBR to Constitute Assessment Oversight Committees for Resolution of D…, PUBG Mobile Pakistan Challenge 2020 Announced With a Rs. The Trading Economics Application Programming Interface (API) provides direct access to our data. • Rs70bn earmarked for coronavirus-related schemes 3.954 trillion. I reckon it should be atleast 2 percent of the GDP but this year can get a pass because of corona. THE return of 45 artefacts to Pakistani authorities in New York by the Manhattan district attorney’s office should... Budget 2020-21: Budget aims for trillion rupee tax revenue hike with ‘no new taxes’, 'No new taxes' in Rs7.13 trillion budget FY2021, says govt, What the experts have to say about PTI's 'corona' budget, Opposition criticises Budget 2021, deems it 'anti-people', This Pakistan-based software company is the first to win the prestigious Tech Excellence Award in the country, ’اب کیا فائدہ، جو نقصان ہونا تھا وہ تو ہوگیا‘, موسم سرد ہو یا گرم، کیا کورونا کے لیے اس کی اہمیت ہے؟, یہ امریکا ہے جناب، یہاں انتخابات میں بریانی نہیں سینڈوچ ملا کرتے ہیں, Republican ranks divided over Trump's election fraud claims, 'Trespassers' can be escorted from White House, says Biden campaign in apparent reference to Trump, US election: Polling officials worried by threats and protesters, Austria shuts two mosques attended by Vienna attacker, Maryam getting away with maligning army because we respect women here: PM Imran, New Zealand's Ardern sworn in for second term, Desi Twitter trolls America during election frenzy, Umair Jaswal got into trouble for not dressing appropriately for his engagement, Britain's most fashionable man? Results in real-time: Who will become the next US president? The defence budget has increased by 11.9% in the fiscal year 2020-21. What does this even mean? This total public debt is 84.38 percent of our Gross Domestic Product (GDP) which at present is Rs 1.72 trillion. Compunode.com Pvt. • Rs2.946tr set aside for debt servicing

COUNTLESS Pakistanis who have worked in Saudi Arabia and other Gulf states are familiar with the kafala system. Of course 95 % business people do not pay taxes. ': Iran's supreme leader mocks US democracy, Indian police arrest, charge firebrand TV station founder Arnab Goswami, Bank manager shot dead by security guard allegedly over blasphemy in Punjab's Khushab, Judge decries illegal data procurement in Isa case, Vawda in trouble as ECP files record in IHC, India-made Covid-19 vaccine could be launched as early as February: govt scientist, 'Baseless and fallacious': Pakistan responds to Indian claims on Kartarpur Corridor. With the huge borrowings, the country has violated the fiscal responsibility and debt limitation act (FRDLA) which calls for limiting debt to GDP ratio below 60 percent. On the other hand, energy sector losses are also a major risk to the budget. External Debt in Pakistan averaged 60642.23 USD Million from 2002 until 2020, reaching an all time high of 112858 USD Million in the second quarter of 2020 and a record low of 33172 USD Million in the third quarter of 2004. Presenting the PTI government’s second full-year budget as “relief budget”, Mr Azhar announced a reduction in duties and taxes and measures for improved collections as Prime Minister Imran Khan and Adviser on Finance and Revenue Dr Hafeez Shaikh kept on desk thumping. Text is available under the … Figure skater Chen Hongyi tops the ladies short program at Cup of China, Kisi ko NRO Nahi Dunga | PM Imran Khan Blasting Speech in SWAT, US Army Picks Tomahawk & SM-6 For Mid-Range Missiles, One has to admire the strong will and ability of Hamas, Mongols: Rise of the Empire - Battle of Yehuling 1211, IAF's strong posturing helped ward off threat from China: Air Chief Marshal RKS Bhadauria, China orders 121 more Russian helicopters.

In shaukat aziz /musharaf era of five years 65% pay increased Poor employees crying in Naya Pakistan.

Next time when you write an article, make sure to have sufficient knowledge about numbers . And move CPEC comes their budget would be a 30 trillion dollar budget. 22.478 trillion at the end of March 2020. In the current budget, subsidy on power sector is slashed which means more burden will be on poor Pakistanis with increases electricity rates. In Pakistan, external debt is a part of the total debt that is owed to creditors outside the country.. You have just put the country on downwards track . External Debt in Pakistan increased to 112858 USD Million in the second quarter of 2020 from 109949 USD Million in the first quarter of 2020. US elections: What’s at stake for Pakistan’s economy. The budget cuts down subsidies by 48pc, hikes petroleum levy by almost 73pc, freezes salaries and pensions and yet fails to arrest the overall fiscal deficit during 2020-21, projected almost unchanged at 7pc of GDP (7.2pc in budget 2019-20).

Doctors are not paying taxes.