No new tax to be imposed in upcoming budget: Hafeez Shaikh

News Image

MG News | June 04, 2020 at 09:54 AM GMT+05:00

June 4, 2020: Adviser to PM on Finance Abdul Hafeez Shaikh has assured that no new tax will be introduced in the budget 2020-21.

Talking to a private news channel, he said the government will fulfill the defense needs of the country as defense and security is the priority of the government.  

To a question, he said there is no shortfall in power generation as 25000MW electricity is being produced whereas the country's demand is 15000 MW.

To another question, he said Pak's economy would recover soon.

Radio Pakistan

Related News

Name Price/Vol %Chg/NChg
KSE100 166,468.95
31.91M
0.03%
49.23
ALLSHR 100,983.74
96.31M
0.11%
111.82
KSE30 49,347.58
10.37M
0.06%
30.92
KMI30 240,363.41
26.39M
0.19%
455.81
KMIALLSHR 65,565.72
67.83M
0.14%
92.03
BKTi 45,866.85
1.68M
0.04%
17.57
OGTi 33,637.31
0.69M
0.34%
114.30
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 82,590.00 82,875.00
80,700.00
990.00
1.21%
BRENT CRUDE 108.04 109.65
107.70
-1.82
-1.66%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00
-1.05
-0.81%
ROTTERDAM COAL MONTHLY 145.10 0.00
0.00
-0.55
-0.38%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 97.53 99.24
97.32
-1.49
-1.50%
SUGAR #11 WORLD 20.85 0.00
0.00
0.00
0.00%

Chart of the Day


Latest News
October 19, 2026 at 10:23 AM GMT+05:00

Pakistan’s import bill surges 23% to $6bn in September


October 19, 2026 at 10:07 AM GMT+05:00

Gold climbs to $4,180 on cooler oil prices


October 19, 2026 at 10:06 AM GMT+05:00

China remains Pakistan’s top import source in September


October 19, 2026 at 09:59 AM GMT+05:00

EPQL 9MCY26 profit drops 18%


October 19, 2026 at 09:53 AM GMT+05:00

Citi Pharma gets CCP Nod for Pakheim acquisition



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg