Tag Archives: Fiscal

KSE at the conclusion of fiscal year 2010-11

The conclusion of fiscal year 2010-11 on Thursday witnessed what market participants dubbed: the ‘artificial’ benchmark. KSE 100-share index, gained 29 per cent, including dividends, against last financial year. Terming FY11 a

Govt misses all fiscal targets

While admitting that the government had failed to achieve all of the key economic targets for the current fiscal year, Finance Minister Dr Abdul Hafeez Shaikh claimed on Thursday that per capita

Centre too lazy, Larkana Industrial Estate gets fiscal patronage from Sindh

KARACHI – Disappointed with the Centre’s reluctance to ensure smooth funding for the Larkana Industrial Estate (LIE), the Sindh government has decided to set aside Rs 2.40 billion in its fiscal budget 2011-12 in an attempt to ensure that the project sees the light of day, Pakistan Today has learnt. The LIE project came into existence soon after the Pakistan People’s Party (PPP) accede to power, with President Asif Ali Zardari envisioning the scheme in slain party chairperson Benazir

Tax reform failure renders fiscal imbalance untenable: SBP

KARACHI – The State Bank of Pakistan (SBP) has said that the failure of tax reforms programme and the flood relief expenditures have rendered the fiscal imbalance of Pakistan unsustainable. The SBP issued this stunning disclosure in its second quarterly report for 2010-11.
The report said that although fiscal indicators showed some improvement in the second quarter of FY11 with substantial growth in non tax revenues, the overall fiscal position during H1-FY11 deteriorated.

NIT announces results for 1st half of fiscal year 2011

KARACHI – National Investment Trust Limited has announced the results of all funds under its management for the half year ended on December 31, 2010. This was stated by the Chairman and MD Wazir Ali Khoja in an issued press release.
During 1HFY11, NI(U)T has registered a phenomenal growth of 143 percent in net profit (excluding unrealised figures), which increased to Rs 2,762 million (earning per unit of Rs 2.35) from Rs 1,135 million in 1HFY10 (earning per unit of Rs 1.09).