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CPDI BUDGET WATCH
Fortnightly Budget News Alerts
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Study of budget making process at district level launched
The Frontier Post (Dec 06, 2018) |
Sherani: Action for Welfare and Awakening in Rural Environment (AWARE) Organization in collaboration with Center for Peace and Development Initiatives (CPDI) launched a report entitled ‘Study of budget making process at district level’ here in Sherani district.
The session was aimed to identify the loopholes in preparing the district annual fiscal plan, encourage public participation and discourage political interventions. Chief guest of the session was Social Welfare… Read More |
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Citizen’s participation in budget making process urged
The Northern Post (Dec 06, 2018) |
SHANGLA: Participants in a seminar in Shangla urged transparency and citizens’ participation in the budget-making process a district level in Khyber Pakhtunkhwa, a study report revealed transparency and citizen’s participation in the budget-making process was found lacking at the district level in Khyber Pakhtunkhwa.
A seminar was organized by Center for peace and development initiative CPDI here at Bisham on Wednesday, which was attended by …Read More |
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Study of budget making process at district level launched
The Pakistan Observer (Dec 06, 2018) |
Sherani: Action for Welfare and Awakening in Rural Environment (AWARE) Organization in collaboration with Center for Peace and Development Initiatives (CPDI) launched a report entitled ‘Study of budget making process at district level’ here in Sherani district.
The session was aimed to identify the loopholes in preparing the district annual fiscal plan, encourage public participation and discourage political interventions. Chief guest of the session was Social Welfare…Read More |
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Study of budget making process at district level launched
The Parliament Times (Dec 06, 2018) |
SHERANI: Participants in a seminar in Shangla urged transparency and citizens’ participation in the budget-making process a district level in Khyber Pakhtunkhwa, a study report revealed transparency and citizen’s participation in the budget-making process was found lacking at the district level in Khyber Pakhtunkhwa.
A seminar was organized by Center for peace and development initiative CPDI here at Bisham on Wednesday, which was attended by…Read More |
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Pakistan’s external debt, liabilities shoot to record at $96.7b
The Express Tribune (Dec 05, 2018) |
ISLAMABAD: Pakistan’s external debt and liabilities soared to a record $96.7 billion by the end of September 2018, which appeared understated by $3 billion, as the central bank did not explicitly show the debt taken from China for shoring up foreign currency reserves.
The external debt and liabilities increased to $96.7 billion as of September-end, reported the State Bank of Pakistan (SBP) on Tuesday. The figure, in reality, could …Read More |
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Pakistan slashed non-salary budget by 10%
The Economic Times (Dec 05, 2018) |
| The Pakistan government has decided to cut by 10 per cent the non-salary current budget of the civilian setup as part of an austerity drive to solve the cash-strapped nation’s economic woes, according to a media report. The Express Tribune reported that the move will help save nearly Rs 10 billion in the remainder period of fiscal year (2018-19) but would not address core fiscal problems. The Pakistan Tehreek-e-Insaf (PTI) government has also decided to continue with a ban …Read More |
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Industrial cooperation: Pakistan expects to sign deal with China this month
The Express Tribune (Dec 04, 2018) |
| ISLAMABAD: Pakistan hoped on Monday to achieve a breakthrough by securing Chinese financing for a crucial project of the western route and sign an agreement on industrial cooperation during a meeting of the highest decision-making body of the China-Pakistan Economic Corridor (CPEC). While giving a briefing on the status of CPEC projects, Planning Minister Khusro Bakhtiar reiterated that Pakistan had not offered any special treatment to Saudi Arabia under CPEC…Read More |
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FBR urges people to file income tax returns at the earliest
The Pakistan Observer (Dec 04, 2018) |
Islamabad: Federal Board of Revenue has urged the peoples to file their income tax returns at the earliest to take advantage of numerous facilities offered by the government for active tax payers. For the facilitation of people, the authority has already extended the deadline for filing income tax return to15th of this month.
The source in FBR told Radio Pakistan that immediately after filing income tax returns, the name of the filer would be enlisted among the active taxpayers…Read More |
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Turkey inflation drops from 15-years high
The Business Recorder (Dec 03, 2018) |
| ANKARA: Inflation in Turkey dropped for the first time to nearly 22 percent last month after surging to a 15-year high in October, official statistics showed on Monday. The increase in consumer prices fell to 21.62 percent in November compared with he same month last year, still very high in relative terms but down from the 25.24 percent rate recorded in October and the first drop since March this year, according to the Turkish statistics office (TUIK). The figure was also… Read More |
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CPEC changing lives of people in Pakistan: Yue Yanghua
The Pakistan Observer (Dec 03, 2018) |
Beijing: Deputy Director General of international department of the central committee of Communist Party of China (CPC), Yue Yanghua has said that the China Pakistan Economic Corridor (CPEC), economic initiative has started changing lives of the people in Pakistan with productive out-put.
Addressing a delegation of journalists from South Asian and South East Asian countries, Yue Yanghua said that CPEC, the flagship project of Belt and Road Initiative (BRI) has…Read More |
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Rupee returns to inter-bank level after assurances of no more depreciation
The Express Tribune (Dec 02, 2018) |
| KARACHI: Currency dealers adjusted the Pakistani rupee in retail market to the inter-bank closing level of Rs139 to the US dollar on Saturday after higher authorities assured of no more devaluation. The State Bank of Pakistan (SBP) depreciated the rupee by 3.8%, or Rs5.06, to an all-time low at Rs139.05 to the greenback in the inter-bank market on its last working day of the week, Friday. It hit record intra-day low of Rs144 in the early hours of the day…Read More |
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Dull week at stock exchange as index drops 373 points
The Express Tribune (Dec 02, 2018) |
| KARACHI: The stock market had a bearish week as a lack of economic clarity took its toll on investors’ sentiments, leading to a decline of 373 points or 0.91% in the benchmark KSE-100 index, which settled at 40,496 points. The week kicked off on a negative note as a dearth of positive triggers kept investors on the sidelines. A widening budget deficit and plunging international crude oil prices dampened the overall mood. Although the KSE-100…Read More |
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Rupee devaluation to negatively impact economy
The Nation (Dec 01, 2018) |
| Faisalabad Chamber of Commerce and Industry (FCCI) President Syed Zia Alumdar Hussain has said that the depreciation of Pakistani rupee would have a massive negative impact on the already fragile economy of the country. In a statement issued on Monday, Hussain said that one-time jump of approximately 8 rupees is unbearable for the importers as well as exporters who have to explore new resources to fulfil their international financial deals…Read More |
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South Punjab to have separate development programme in next budget
The Pakistan Today (Dec 01, 2018) |
| MULTAN: Foreign Minister Shah Mehmood Qureshi Saturday said that south Punjab would have a separate annual development programme in the next provincial budget. Addressing the annual general meeting of Emersonians – old students of the historic Emerson College – Qureshi said the Pakistan Tehreek-e-Insaf (PTI) government was striving for the establishment of south Punjab province, however, amendments in the constitution and some legislation was…Read More |
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Rs250.44m Karak Council budget presented
The News (Dec 01, 2018) |
| KARAK: Tehsil Nazim Maulana Mehboob Janan presented annual deficit budget for the year 2018-19 with total outlay Rs250.44 million and resolved to look for new resources to increase the revenue of the Karak tehsil municipal administration.The budget session was held on Friday, with convener Haji Jehanzeb Khattak in the chair. All the members of the council attended the meeting. The tehsil nazim presented the budget with a total outlay of Rs250.44 million and said that Rs160.65 million would be…Read More |
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Indian economy grows 7.1pc y/y in Sept quarter
The Business Recorder (Nov 30, 2018) |
| NEW DELHI: India’s economy grew a lower-than-expected 7.1 percent in the July-September quarter from a more than two-year high of 8.2 percent in the previous quarter, government data showed on Friday. The latest quarter’s annual pace of growth was lower than a Reuters poll forecast of 7.4 percent. India’s $2.6 trillion economy, Asia’s third largest, grew 6.3 percent in the July-September quarter of 2017, the data released by the statistics ministry showed…Read More |
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Ascertained direction of Pakistan’s economy in 100 days: Finance Minister
The Dunya News.com (Nov 29, 2018) |
| ISLAMABAD (Dunya News) – Finance Minister Asad Umer on Thursday said that the government has ascertained direction of country’s economy in first 100 days. Manifesto of Pakistan Tehreek-e-Insaf will be completed at all cost. Addressing a ceremony regarding completion of Pakistan Tehreek-e-Insaf’s (PTI) first 100 days in government at the Convention Centre today, he said that all institutions were facing deficit when PTI came into power…Read More |
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Pakistan’s net international reserves stand at negative $4b, excluding IMF debt obligations
The Pakistan Today (Nov 29, 2018) |
| ISLAMABAD: Figures released by the State Bank of Pakistan (SBP) on Wednesday have revealed that the country’s balance of payment crisis isn’t over since its net international reserves are negative $4 billion even after eliminating IMF debt obligations. The figures released by the central bank show up to one-year obligations of the central bank surpass its gross official foreign currency reserves by around $4 billion, reports Express Tribune. Last week, the …Read More |
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PM Imran reiterates PTI government will take Pakistan out from economic challenges
The Nation (Nov 28, 2018) |
| SIALKOT: Prime Minister Imran Khan Wednesday vowed to take the country forward and turnaround its economy through increased investment in human resource development and provision of higher and quality education to the youth. “Higher education and rise of a country are inter-linked. The main reason behind the countries which are moving forward is knowledge economy,” he said while speaking at the opening ceremony of a new campus of women …Read More |
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Kalat: Local government fail to include stakeholders in the budget making process
The Balochitan Point (Nov 27, 2018) |
| KALAT: Study has revealed that the local governments (LGs) had failed to include stakeholders in the budget making process. Only 4 out of 20 districts released pre-budget statement that would have provided the stakeholders a chance to express their opinion on budget proposals. This study was shared with participants in a one-day workshop on ‘Study of Budget Making Process at District Level in Balochistan, here in Kalat on Tuesday. The ‘Study of Budget Making Process…Read More |
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$1.5 billion of foreign loans received during July-Oct FY19
The Pakistan Today (Nov 27, 2018) |
| ISLAMABAD: Pakistan received $1.5 billion of foreign loans during the first four months (July-October) of the financial year 2018-19, according to the latest data released. In the first four months of current FY19, international creditors released $1.46 billion, according to officials of the ministry of finance, reports Express Tribune. In October, Pakistan had obtained a commercial loan of $160 million on the short-term facility from Dubai Islamic Bank…Read More |
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Concerns expressed over budget making process at district level
The Parliament Times (Nov 26, 2018) |
| SHOB: In order to identify loopholes in preparing district annual financial plan, encourage public participation and discourage political interventions. Action for Welfare and Awakening in Rural Environment (AWARE) Organization in collobration with CPDI launched a report entitled “Study on Budget Making Process a t District Level” here at Assembly Hall, Shob. Chief Guest of the event was Chairman Municipal Committee Engineer …Read More |
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Looming water crisis biggest threat to Pakistan’s economy: WEF
The Nation (Nov 25, 2018) |
The World Economic forum has termed water crisis as Pakistan’s biggest challenge in the coming decade. The World Economic Forum has recently published a report named ‘Regional Risks for Doing Business’, which has listed imminent risks to the South Asian nations as well. The report said that Pakistan, India, Nepal and Sri Lanka will face 10 big threats such as failure of infrastructure, bad governance, inflation, cyber-attacks, unemployment etc.
Another pertinent risk that the report…Read More |
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Budget revenue tipped to be $9.2bn higher than expected after company tax surge
The Guardian (Nov 25, 2018) |
| A surge in company tax is expected to push budget revenue $9.2bn higher in 2018-19 than expected in the May budget, according to Deloitte Access Economics’ latest forecast. The positive news sets the Morrison government up for a quicker return to surplus or gives latitude for pre-election sweeteners such as bringing forward personal income tax cuts as it prepares the midyear economic fiscal outlook, which is due in December…Read More |
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Somalia invites Pakistani businessmen to initiate joint ventures
The Express Tribune (Nov 24, 2018) |
| LAHORE: Embassy of Somalia Deputy Commercial Attaché Abdifitah Abdul Kadir Osman has invited Pakistani businessmen to enter into joint ventures with their counterparts in pharmaceutical and various other sectors. He extended the invitation while talking to Lahore Chamber of Commerce and Industry (LCCI) Vice President Fahimur Rehman Saigal. The attaché called for making visa process easy and business friendly, highlighting that Pakistan and…Read More |
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Pakistan records Rs541.7b budget deficit
The Nation (Nov 24, 2018) |
| ISLAMABAD – Pakistan has recorded a budget deficit of Rs541.7 billion during the first quarter (July to September) of the ongoing fiscal (FY2019) year despite provincial government generated massive surplus and cut in development budget. The country’s expenditures have stood at Rs1.64 trillion as against the revenues of Rs1.1 trillion during July-September period of FY2019. The budget deficit has recorded at Rs541.7 billion (1.4 percent of the GDP)…Read More |
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Zhob: Concerns expressed over budget making process at district level
The Balochistn Point (Nov 23, 2018) |
| ZHOB: In order to identify the loopholes in preparing the district annual fiscal plan, encourage public participation and discourage political interventions Action for Welfare and Awakening in Rural Environment (AWARE) Organization in collaboration with Center for Peace and Development Initiatives (CPDI) launched a report entitled ‘Study of budget making process at district level’ here at assembly hall Zhob. Chief guest of the event was Chairman Municipal Committee…Read More |
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