AGL 38.30 Increased By ▲ 0.08 (0.21%)
AIRLINK 133.25 Increased By ▲ 4.28 (3.32%)
BOP 8.85 Increased By ▲ 1.00 (12.74%)
CNERGY 4.68 Increased By ▲ 0.02 (0.43%)
DCL 8.64 Increased By ▲ 0.32 (3.85%)
DFML 39.70 Increased By ▲ 0.76 (1.95%)
DGKC 85.38 Increased By ▲ 3.44 (4.2%)
FCCL 34.84 Increased By ▲ 1.42 (4.25%)
FFBL 75.55 Decreased By ▼ -0.16 (-0.21%)
FFL 12.84 Increased By ▲ 0.02 (0.16%)
HUBC 109.80 Decreased By ▼ -0.56 (-0.51%)
HUMNL 14.14 Increased By ▲ 0.13 (0.93%)
KEL 5.40 Increased By ▲ 0.25 (4.85%)
KOSM 7.76 Increased By ▲ 0.09 (1.17%)
MLCF 41.20 Increased By ▲ 1.40 (3.52%)
NBP 70.05 Decreased By ▼ -2.27 (-3.14%)
OGDC 194.25 Increased By ▲ 5.96 (3.17%)
PAEL 26.20 Increased By ▲ 0.57 (2.22%)
PIBTL 7.39 Increased By ▲ 0.02 (0.27%)
PPL 163.85 Increased By ▲ 11.18 (7.32%)
PRL 26.39 Increased By ▲ 1.00 (3.94%)
PTC 19.47 Increased By ▲ 1.77 (10%)
SEARL 84.60 Increased By ▲ 2.18 (2.64%)
TELE 8.00 Increased By ▲ 0.41 (5.4%)
TOMCL 34.00 Increased By ▲ 1.43 (4.39%)
TPLP 8.73 Increased By ▲ 0.31 (3.68%)
TREET 17.15 Increased By ▲ 0.37 (2.21%)
TRG 60.70 Increased By ▲ 4.66 (8.32%)
UNITY 29.00 Increased By ▲ 0.22 (0.76%)
WTL 1.36 Increased By ▲ 0.01 (0.74%)
BR100 10,786 Increased By 127.6 (1.2%)
BR30 32,266 Increased By 934.6 (2.98%)
KSE100 100,083 Increased By 813.5 (0.82%)
KSE30 31,193 Increased By 160.9 (0.52%)

ISLAMABAD: Federal Finance Minister Dr Abudl Hafeez Shaikh called on Prime Minister Syed Yousuf Raza Gilani on Sunday. In the meeting the National Economic Council's decisions were reviewed. The prime minister expressed satisfaction that the upcoming federal development budget would be increased from 300 billion rupees to 360 billion rupees which would be used for regionally balanced development and completion of projects especially in the areas of energy, infrastructure and food security.
For the budget, it was decide that it should be focused on ensuring macro-economic stability, growth, utilisation of resources, protection of vulnerable groups, incentives for private sector development and relief to the public while ensuring fiscal balance. The finance minister briefed the prime minister on the state of economy, the preparation of the budget and other related matters. The finance minister apprised the prime minister that the economic growth in the country would be 3.7 percent this year, continuing an upward trend of the last three years. Similarly, the rate of inflation would be declining for the third year in row, the minister added.
Dr Shaikh further briefed the prime minister that the tax collection in the first ten months had increased by about 24 percent as compared to the corresponding period representing a major step towards reduction of dependence on the outside world.-PR

Copyright Business Recorder, 2012

Comments

Comments are closed.