Issue 9

Budget Study Centre   Issue 9
February 1, 2018


Fortnightly Budget News Alerts

Govt plans to unveil budget 2018-19 in second week of May

Pakistan Today (February 8, 2018)

ISLAMABAD: The government is considering to unveil next financial year’s 2018-19 budget in the second week of May, as no major changes on taxation are expected to be pushed via Finance Bill 2018. As the incumbent government’s tenure nears its conclusion, it has sought go-ahead for budget from the National Assembly by end of May, as Senate approval needs 15 days for concluding its recommendations, reported ………Read More

DPC from WB, policy loans of ADB under threat in lieu of IMP report

Pakistan Today (February 8, 2018)

ISLAMABAD: Development policy credit (DPC) from World Bank and program loans from Asian Development Bank (ADB) are under threat as IMF’s upcoming report loom and questions over Pakistan’s ability to keep forex reserves over 2.2 months of import bill continue. Persisting slide in forex exchange reserves was increasing the risk on the external front and could stop the WB’s DPC and program loan in coming months, official ………Read More

European stock markets recover after sharp losses

The Guardian by Phillip Inman and Nick Fletcher (February 7, 2018)

European stock markets have rallied after sharp losses earlier in the week, with London’s leading share index gaining almost 2%. The FTSE 100 index of the most valuable companies listed in London rose 138 points to 7,279 on Wednesday, still well below its all-time closing high of 7,779 on 12 January. In New York, where the market rout began on Monday, the Dow Jones industrial average appeared on track for a second day………Read More

Russian inflation slows to 2.2pc y/y in Jan

Business Recorder (February 7, 2018)

MOSCOW: Russia’s consumer price index (CPI) rose 2.2 percent in January in year-on-year terms after rising 2.5 percent in the previous month, the statistics service said on Wednesday. Month-on-month inflation was at 0.3 percent from 0.4 percent in December. The year-on-year increase in the CPI was slightly below the Reuters poll of analysts who predicted a rise of 2.3 percent.…Read More

Business Plan and Budget for 2018 approved

Business Recorder (February 1, 2018)

K8MUZAFFARABAD: The services of Bank of Azad Jammu and Kashmir were appreciated in its 31st board meeting held here on Wednesday and approved Business Plan and Budget for the year 2018. The meeting was chaired by Dr. Ejaz Muneer, Chief Secretary Government of Azad Jammu and Kashmir, who is also the chairman of the bank’s board of directors. Imran Smad, Managing Director of the Bank while initiating the proceedings…….Read More

Economic growth depends on private sector progress: Ayesha

Pakistan Observer (February 1, 2018)

LAHORE: Provincial Minister for Finance Dr Aisha Ghous Pashsa said that Punjab government was determined to make Pakistan a developed country by enhancing the growth rate by improving the security and energy conditions for creating conducive environment for the private sector through providing them ease of doing business by integrating more departments in the portal. The economic growth depends on the progress of private sector…….Read More

IMF sounds the alarm on NFC award

DAWN (January 31, 2018)

ISLAMABAD: The Internat-ional Monetary Fund (IMF) has asked Pakistan to consider drastic changes to the next National Finance Commission (NFC) award due to the serious pressure it is placing on the federal government finances, as well as the macroeconomic imbalances that are arising from its implementation. In 2009, the PPP government passed the 7th NFC award that devolved the highest ever proportion of the funds in the federal …….Read More

Business community hails inauguration of Gawadar Free Zone, Expo

Pakistan Observer (January 30, 2018)

ISLAMABAD: Business community Monday hailed formal inauguration of the Gwadar Free Zone and Expo 2018 and urged the government to take steps for technology transfer in order to promote and develop the local industrial sector. They said the project was initiated under multi-billion dollars’ China Pakistan Economic Corridor (CPEC) project and inauguration of the first phase of Gwadar Free Zone would further help in promoting…..Read More

US GDP growth slowed to 2.6pc Q4, bringing growth in 2017 to 2.3pc

Business Recorder (January 26, 2018)

WASHINGTON: The world’s largest economy cooled in the final quarter of last year but 2017 still saw faster growth than 2016, according to government data released Friday. After two quarters of expansion above three percent, GDP slowed to 2.6 percent in the October-December period as business inventories fell while imports rose, according to the first estimate from the Commerce Department. That was slower than analysts expected and meant ………Read More

Budget 2018-19: Govt may tweak income tax slabs, EY Survey finds

The Hindustan Times (January 22, 2018)

New Delhi: The government is likely to tweak income tax slabs and rates in Budget 2018-19 to bring down the burden on individuals, while there is unlikely to be any change in the current taxation of dividends, according to a survey by EY. In a pre-budget survey by tax consultant EY, a wide majority of 69% of the respondents felt that the threshold limits for taxation would increase further in order to boost disposable income in the.…..Read More