{"id":66434,"date":"2020-06-11T12:57:13","date_gmt":"2020-06-11T07:57:13","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66434"},"modified":"2020-06-11T12:57:14","modified_gmt":"2020-06-11T07:57:14","slug":"govt-to-announce-relief-budget-for-fy2020-21-hafeez-shaikh","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-to-announce-relief-budget-for-fy2020-21-hafeez-shaikh.html","title":{"rendered":"Govt to announce \u2018relief budget\u2019 for FY2020-21: Hafeez Shaikh"},"content":{"rendered":"\n<p>Karachi: Advisor to the Prime Minister on Finance Abdul Hafeez Shaikh on Monday stated that the government would announce a \u2018relief budget\u2019 for Fiscal Year (FY) 2020-21 to facilitate the promotion of businesses and to develop the country\u2019s economy, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion.html\" target=\"_blank\" rel=\"noreferrer noopener\">Re-evaluation of FBR rates for immovable properties on the cards for Budget 2020-21 inclusion<\/a><\/p>\n\n\n\n<p>Shaikh was chairing a meeting with the Karachi Chamber of Commerce and Industry (KCCI) representatives where he said that the government was thoroughly reviewing their proposals and plans to incorporate them in the budget of the upcoming fiscal year (2020-21).<\/p>\n\n\n\n<p>He emphasised that the government was keen on supporting the business community in these difficult times and will provide maximum relief. In response to a query regarding tax refunds, he revealed that the government is also looking to increase refunds from PKR 5 million to PKR 50 million \u2013 depending on the fiscal space.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/budget-2020-21-revenue-collection-target-set-pkr-4-95-tr-expenditures-remain-frozen.html\" target=\"_blank\" rel=\"noreferrer noopener\">Budget 2020-21: Revenue collection target set for PKR 4.95 tr; expenditures to remain frozen<\/a><\/p>\n\n\n\n<p>KCCI President Agha Shahab Ahmed Khan said that the Pakistani people and the business community are looking for a<a href=\"https:\/\/www.zameen.com\/news\/budget-2020-21-punjab-to-relax-gst-on-services.html\" target=\"_blank\" rel=\"noreferrer noopener\"> relief budget<\/a> \u2013 given these extraordinary circumstances \u2013 that will rescue the national economy from the brink of disaster.<\/p>\n\n\n\n<p>Businessmen Group Chairman Siraj Kassam Teli pointed out some major macroeconomic issues and urged the government for prioritising trade and industry over revenue collection. He was seeking similar incentives as announced for the construction sector to boost the prior and generate employment opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Advisor to the Prime Minister on Finance Abdul Hafeez Shaikh on Monday stated that the government would announce a \u2018relief budget\u2019 for Fiscal Year (FY) 2020-21 to facilitate the promotion of businesses and to develop the country\u2019s economy, according to news sources. Read: Re-evaluation of FBR rates for immovable properties on the cards for Budget 2020-21 inclusion Shaikh was chairing a meeting with the Karachi Chamber of Commerce and Industry (KCCI) representatives where he said that the government was thoroughly reviewing their proposals and plans to incorporate them in the budget of the upcoming fiscal year (2020-21). He emphasised that the government was keen on supporting the business community in these difficult times and will provide maximum relief. In response to a query regarding tax refunds, he revealed that the government is also looking to increase refunds from PKR 5 million to PKR 50 million \u2013 depending on the fiscal space. Read: Budget 2020-21: Revenue collection target set for PKR 4.95 tr; expenditures to remain frozen KCCI President Agha Shahab Ahmed Khan said that the Pakistani people and the business community are looking for a relief budget \u2013 given these extraordinary circumstances \u2013 that will rescue the national economy&hellip;<\/p>\n","protected":false},"author":75,"featured_media":64851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15015],"tags":[28356,31397,18215],"persona":[],"class_list":{"0":"post-66434","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-legal-taxation","9":"tag-budget-2020-21","10":"tag-govt-to-announce-relief-budget-for-fy2020-21-hafeez-shaikh","11":"tag-karachi-chamber-of-commerce-and-industry-kcci","12":"cat-15012-id","13":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to announce \u2018relief budget\u2019 for FY2020-21 - Zameen News<\/title>\n<meta name=\"description\" content=\"Advisor to the PM on Finance Abdul Hafeez Shaikh on Monday stated that the government would announce a \u2018relief budget\u2019 for Fiscal Year (FY) 2020-21\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-to-announce-relief-budget-for-fy2020-21-hafeez-shaikh.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to announce \u2018relief budget\u2019 for FY2020-21 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Advisor to the PM on Finance Abdul Hafeez Shaikh on Monday stated that the government would announce a \u2018relief budget\u2019 for Fiscal Year (FY) 2020-21\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-to-announce-relief-budget-for-fy2020-21-hafeez-shaikh.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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