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ISLAMABAD: Federal Minister for Finance, Senator Ishaq Dar has said that the budget deficit for the next fiscal will exceed 4.7 percent of Gross Domestic Product (GDP) and expressed the government’s resolve to end the circular debt issue in 60 days.
The Finance Minister said this while addressing a press conference held to issue the Pakistan Economic Survey for the financial year 2012-13.
According to the document, the Rs2.381 trillion tax revenue target set for FY 2012-13 has so far been missed by Rs350 billion.
The Czar also expressed the government’s resolve to overcome the circular debt issue in the next 60 days.
Dar emphasized that a stable economy would lead to the elimination of terrorism in the country. He said that the war on terror had cost Pakistan between $80-100 billion dollars.
On the issue of national debt, Dar revealed that by the end of the current fiscal year its size would reach Rs 14 billion
ISLAMABAD: Prime Minister Nawaz Sharif has said that the government’s National Energy Policy aimed to eliminate load shedding in three to four years.
Addressing the meeting of Council of Common Interests (CCI) here on Tuesday, the prime minister said that Pakistan is generating 45 percent power from furnace oil which he said is very expensive.
..... Read more
Proposing the oversight of parliament on the operation of intelligence agencies, Parliamentary Committee on National Security (PCNS) Tuesday moved its recommendations to parliament to solve the issue of missing persons.
Senator Mian Raza Rabbani chaired the committee meeting in Islamabad which made its recommendation to put an end to this stigmati..... Read more
Speaker Fehmida Mirza, who has been chairing National Assembly proceedings only sparingly after her recent illness, rushed to the house on Wednesday to calm down tempers after a Pakistan People’s Party (PPP) defector turned on the ruling party for alleged plans to rig the coming elections in Sindh province.
Syed Zafar Ali Shah, a veteran parliamen..... Read more
