Massive cut in subsidies to curtail current expenditures

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 […]

by Mrs. Anjum Shahnawaz

Subsidies sharply cut by 40pc for next fiscal year

Jun 13

Budget 2020-2021

Subsidies sharply cut by 40pc for next fiscal year

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 […]

by Mrs. Anjum Shahnawaz