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Pakistan announces general budget, hails UAE’s deposit

12 Jun 2019

The UAE’s US$3 billion deposit with the State Bank of Pakistan has contributed to alleviating the country’s financial crisis and easing pressure on foreign exchange reserves,

Declare local and foreign assets to ‘earn amnesty’

03 Apr 2019

Finance Minister Asad Umar has announced that the government would roll out a new tax amnesty scheme ahead of the next federal budget for individuals to declare their local and foreign assets under the scheme.

PTI, opposition agree not to disrupt budget debate

19 Jun 2019

Following a week of ruckus in the National Assembly (NA), the government and opposition finally agreed not to disrupt debate on the federal budget - presented on June 11 - giving leader of the opposition Shahbaz Sharif the opportunity to open up the general discussion on Wednesday.

Shahbaz returns to Pakistan ahead of national budget

09 Jun 2019

Leader of the opposition in the National Assembly Shahbaz Sharif returned to Pakistan on Sunday amid strict security arrangements and a large gathering of Pakistan Muslim League-Nawaz (PML-N) workers.

Pakistan to present austerity-centred budget following IMF deal

11 Jun 2019

Pakistan Prime Minister Imran Khan’s government was set to present an austerity-focused budget on Tuesday, weeks after the country reached an agreement with the International Monetary Fund

Turkey plans to shore up budget

28 Jun 2019

Turkey’s government is reviving plans to transfer the central bank’s 46 billion lira ($8 billion) in legal reserves to its budget to shore it up and is also considering adjusting some tax measures as it battles recession, sources said.

Pakistan vows to raise revenues with new budget amid IMF deal

11 Jun 2019

Pakistan Prime Minister Imran Khan’s government vowed to collect more taxes and make cuts in spending in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout.

India unveils budget aimed at boosting country's infrastructure

05 Jul 2019

India Prime Minister Narendra Modi’s government unveiled the budget for 2019/2020 on Friday, seeking to reverse weakening growth and investment that threaten to take the shine off

Sensex logs heaviest fall as budget fails to deliver

08 Jul 2019

Disappointment over the Budget proposals and muted global markets led the Sensex to log the heaviest fall in seven months on Monday. Both the key equity indices − Sensex and Nifty − fell over 2 per cent.

India’s 2019-2020 budget gets mixed response

05 Jul 2019

India’s full year budget for fiscal year 2019-2020, presented by Finance Minister Nirmala Sitharaman on Friday failed to enthuse Indian community in the UAE as there is nothing much for the NRIs.

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