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 176,846.36
409.77M
-0.62%
-1109.15
ALLSHR 107,272.74
784.99M
-0.45%
-487.35
KSE30 52,438.23
109.21M
-0.80%
-423.49
KMI30 248,794.52
113.36M
-0.65%
-1628.55
KMIALLSHR 68,802.42
561.58M
-0.38%
-262.45
BKTi 50,360.41
21.24M
-1.11%
-567.14
OGTi 35,490.67
21.72M
0.06%
20.80
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 69,700.00 70,205.00
69,175.00
1125.00
1.64%
BRENT CRUDE 91.94 92.33
91.47
0.32
0.35%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
1.00
0.92%
ROTTERDAM COAL MONTHLY 122.50 122.50
122.50
-0.45
-0.37%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 84.58 84.92
84.23
0.19
0.23%
SUGAR #11 WORLD 17.56 17.66
17.31
0.09
0.52%

Chart of the Day


Latest News
August 20, 2026 at 06:30 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


August 20, 2026 at 12:02 AM GMT+05:00

Diesel price slashed Rs32.63, petrol gets Rs2.97 hike


August 19, 2026 at 09:04 PM GMT+05:00

SBP raises Rs518bn through MTB Auction


August 19, 2026 at 06:30 PM GMT+05:00

Pakistani freelancers log over $175m in July


August 19, 2026 at 06:08 PM GMT+05:00

China's Chang'e-7 Lunar Probe set for launch



Top 5 things to watch in this week

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