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NA approves Finance Bill 2013-14

Source: Geo News | 28-06-2013

SLAMABAD: The National Assembly on Thursday passed the Finance Bill 2013 for fiscal year 2013-14 with a total outlay of Rs 3.985 trillion with a majority vote.

The bill was moved to the House by Minister for Finance, Senator Mohammad Ishaq Dar. The House rejected majority of amendments proposed by the opposition with a majority vote.

The finance bill approved by the House is aimed at measures to uplift economy, provide relief to low-income segments of the society and resolve pressing issues, the country was facing particularly the energy crisis.

The National Assembly also incorporated about 21 recommendations of the Senate in Finance Bill 2013.

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CPI-based inflation up 6.57pc year-on-year basis

Source: The News | 02-04-2013

The country's Consumer Price Index (CPI) based inflation rate for the month of March 2013 rose to 0.41 percent over the previous month (February 2013). “On year-on-year basis, the inflation during March 2013 increased by6.57 percent as compared to the same month of last year”, Director General Pakistan Bureau of Statistics (PBS), Arif Mehmoo..... Read more

Hiked taxes: Collection of petroleum levy, GST to increase

Source: Tribune | 02-04-2013

The collection of petroleum levy and general sales tax on sales of petroleum products to consumers is expected to go up by Rs1.3 billion in April following an increase in the levy as the government has made less-than-required reduction in prices of oil products, sources say. For the whole month, the government is likely to receive Rs24 billion in reve..... Read more

Oil prices rebound in Asia

Source: The News | 07-12-2012

Oil prices rebounded in Asian trade Friday on bargain hunting following sharp falls in New York, but analysts said global economic worries will continue to weigh on sentiment. New York's main contract, light sweet crude for delivery in January was up 18 cents at $86.44 a barrel in the morning and Brent North Sea crude for January added 21 cents..... Read more

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