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Friday, June 9th, 2023


RCCI terms fiscal budget as balance, growth driven and industry friendly

DNA RAWALPINDI, JUN 9: The Rawalpindi Chamber of Commerce and Industry (RCCI) has termed the fiscal budget 2023-24 as balanced, with special focus on drivers of growth and industry friendly under a challenging economic environment. RCCI President Saqib Rafiq while giving remarks after the Budget Speech said that a detailed version will be presented after looking at the budget documents. He said that key suggestions submitted by RCCI have been added in the budget document which is very satisfactory. However, he cautioned that it is not clear how 9200 billionRead More

‘No new taxes’ in Rs14.5tr FY24 budget presented by FM Dar

ISLAMABAD, JUN 9: Finance Minister Ishaq Dar presented the budget for fiscal year 2023-24 (FY24) on the floor of the National Assembly. During the speech, the minister said that the government was imposing no new taxes for the upcoming year. Dar said for the next year, GDP growth had been budgeted at 3.5 per cent, terming it a “modest target”. He said that this budget is “not an election budget” and is focusing on the “elements of the real economy”. Dar said agriculture is the backbone of the economy andRead More

President felicitates CPNE’s new body for free media

ISLAMABAD, JUN 09 (DNA) — President Dr. Arif Alvi on Friday congratulated Kazim Khan on his election as the Chairman of the Council of Pakistan Newspapers Editors’ (CPNE) Committee for free media. The president expressed confidence that the committee comprising prominent journalists would play a role in promotion of freedom of press and democratic values based on their experience and ability. He also felicitated other members of the committee including Ayaz Khan, Sardar Khan Niazi, Aamir Mehmood, Irshad Ahmed Arif and Ejaz ul Haq. — DNA

IMF gave verbal assurance on loan revival: PM Shehbaz

ISLAMABAD, JUN 09 (DNA) — Prime Minister Shehbaz Sharif on Friday said a verbal agreement has reached with the International Monetary Fund (IMF) for signing the new agreement. Addressing to a cabinet meeting called for the approval of the 2023-24 budget, PM Shehbaz hoped that the new agreement with the IMF will be signed by the month end. He said the government has fulfilled all the conditions of the IMF. Criticising PTI government of the past, he said that the PTI government destroyed Pakistani economy that resulted into historic inflation.Read More

Omar condemns arrest of Ali Muhammad, Akram Cheema

ISLAMABAD, JUN 9 /DNA/ – Pakistan Tehreek-e-Insaf (PTI) Secretary General Omar Ayub Khan strongly condemned the arrest of PTI MNA Ali Muhammad Khan and PTI Karachi President Akram Cheema along with the police raid on Riaz Fatyanna’s house. PTI Secretary General said that Ali Muhammad Khan was arrested for the fifth time by this corrupt imported government despite being granted bail by the court. “This is an abhorrent act by this imported government. I salute Ali Muhammad Khan for his bravery and steadfastness,” he added. Omar Ayub Khan stated thatRead More

Finance Minister Ishaq Dar presents budget for FY24 in National Assembly

ISLAMABAD, JUN 9: Finance Minister Ishaq Dar is presenting the budget for fiscal year 2023-24 (FY24) on the floor of the National Assembly. The NA session began with recitation of the Holy Quran followed by the national anthem. Prime Minister Shehbaz Sharif is also in attendance in a house without an opposition. The budget is expected to sail through in the absence of opposing voices. Dar began his speech recounting the achievements of the PML-N’s previous government under Nawaz Sharif. He said the country was doing well on all accounts,Read More