LATEST NEWS UPDATE: 18.05.2012

 

 

 

Budget to be presented on June 1: Hafeez

ISLAMABAD: Federal Minister for Finance Dr. Abdul Hafeez Shaikh has said that the upcoming budget will be presented on June 01, adding the government's top priority will be to protect the poor, Geo News reported.
This he said while briefing the parliamentary committee on finance, which met here under the chair of Fauzia Wahab here Thursday.
Dr. Shaikh said overcoming the budget deficit will be second priority of the incumbent government.
The government is considering reducing the number of income tax slabs from 16 to 5 in the next year's budget, the minister said.

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Business News:  Fri, 18 May 2012 - Oil slides on deepening fears over eurozone SINGAPORE: Oil extended losses in Asian trade Friday on growing concerns that the eurozone s debt woes could worse - Asian markets tumble on eurozone turmoil HONG KONG: Asian markets resumed their downward trend on Friday as the eurozone debt crisis was stoked by a rating - Facebook raises $16 billion in I.P.O. NEW YORK: As investors raced to buy shares, the sprawling social network raised $16 billion on Thursday, in an ini - Euro under heavy pressure in Asian trade TOKYO: Traders piled pressure on the euro in Asian trade Friday as political and economic turmoil in Europe sent i - Facebook sets richest tech IPO in motion NEW YORK: Facebook on Thursday announced a price of $38 per share for its record-setting initial public offering, - Budget to be presented on June 01, says Hafeez ISLAMABAD: Federal Minister for Finance Dr. Abdul Hafeez Shaikh has said that the upcoming budget will be presente - July-April c/a deficit increases to nearly $3.4bn ISLAMABAD: Pakistan s current account deficit widened to a provisional $3.394 billion in the first 10 months of th - Rupee ends almost flat to dollar KARACHI: In the currency market, the rupee ended almost flat at 90.88/95 to the dollar, compared with Wednesday s - KSE 100-index ends lower on 2nd consecutive day Karachi: The Karachi Stock Exchange (KSE) benchmark 100-index ended 0.13 percent, or 17.99 points, lower at 14,063 - Pakistan forex reserves drop to $16.103bn ISLAMABAD: Pakistan s foreign exchange reserves dropped to $16.103 billion in the week ending May 11from $16.416 b - Euro bounces of lows in Asian trade TOKYO: The euro strengthened against the dollar in Asia on Thursday after tumbling to a four-month low on rising c - Asian markets mixed but Greek fears weigh HONG KONG: Asian markets were mixed on Thursday as the Greek crisis continued to cast a shadow, while dealers got - Oil mixed amid bargain-hunting SINGAPORE: Crude was mixed in Asian trade Thursday as bargain-hunters moved in to capitalise on the recent slide i - Facebook boosts IPO size by 25 percent, could top $16 billion NEW YORK/SAN FRANCISCO: Facebook Inc increased the size of its initial public offering by almost 25 percent, and c - Wall Street falls on euro zone concerns NEW YORK: Stocks fell in choppy trade on Wednesday, putting the SP 500 on track for its fourth consecutive declin    MOHAMMED SALEEM MANSOORI