subsidies Archives - Pkrevenue.com

Massive cut in subsidies to curtail current expenditures

June 11, 2022June 11, 2022Mrs. Anjum Shahnawaz

ISLAMABAD: Pakistan has announced massive cut in subsidies and allocated an amount of Rs699 billion for the fiscal year 2022/2023 as compared with the amount of Rs1.515 trillion in the outgoing fiscal year. The drastic cut in subsidies has been aimed at curtailing current expenditures to reduce the fiscal deficit. READ MORE: Petroleum levy to […]

Subsidies sharply cut by 40pc for next fiscal year

June 13, 2020June 13, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: The federal government has decided sharp cut in subsidies during fiscal year 2020/2021. An amount of Rs209 billion has been allocated as subsidies for next fiscal year as compared with Rs349.5 billion of current fiscal year, showing reduction of 40 percent. According to budget documents for fiscal year 2020/2021 released on Thursday, a subsidy […]

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Massive cut in subsidies to curtail current expenditures

Subsidies sharply cut by 40pc for next fiscal year

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