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Rs5.678bn AJK Council budget presented PDF Print E-mail
Written by Harris Badar   
Tuesday, 09 September 2008

ISLAMABAD: Minister Incharge for Kashmir Affairs Qamar Zaman Kaira on Monday presented the budget-2008-09 of the Azad Jammu and Kashmir (AJK) Council with total revenue receipts target of Rs5,678.312 million, including Rs3,500 million from Income Tax.
ISLAMABAD: Minister Incharge for Kashmir Affairs Qamar Zaman Kaira on Monday presented the budget-2008-09 of the Azad Jammu and Kashmir (AJK) Council with total revenue receipts target of Rs5,678.312 million, including Rs3,500 million from Income Tax.

The budget was presented during the first sitting of the 42nd AJK Council session held here at the AJK Council Secretariat under the chairmanship of AJK Council Vice-Chairman and AJK President Raja Zulqarnain Khan.

Presenting the budget, Kaira said development expenditure had been estimated at Rs2,000 million, non-development expenditure of Rs693.049 million and 80 per cent share of Income Tax to the AJK government. Thus, the total expenditure has been estimated at Rs5,678.312 million.

Kaira informed the house that the government was preparing an economic and social development report for the AJK on the pattern of other provinces. He said the Kashmiri people had undergone untold sufferings and hardships over the years. Their legitimate aspirations cannot be ignored and must be accommodated, he added.

Fateha was offered for the Kashmiri martyrs and Mohtarma Benazir Bhutto Shaheed. Raja Zulqarnain Khan welcomed the newly-appointed members to the council, which included five members of the council nominated by the prime minister from amongst the federal ministers namely, KANA Minister Qamar Zaman Kaira, Foreign Minister Makhdoom Shah Mehmood Qureshi, Law Minister Farooq H Naek, Information Minister Sherry Rehman, Labour and Manpower Minister Syed Khursheed Ahmad Shah, and six elected members of the AJK Council namely Sardar Naseem Ahmad, Raja Iftikhar Ayub, Sardar Farooq Sikandar, Hamid Khan, Ghulam Raza Shah Naqvi and Pervaiz Akhtar.

AJK Prime Minister Sardar Attique Ahmad Khan and three members of the council nominated by the prime minister of Pakistan also attended the first sitting. The prime minister of Pakistan summoned the budget session in his capacity as the chairman of the AJK Council to transact budget and certain budget-related legislative business. The session was adjourned later till Friday after the presentation of budget.
 
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Pak-Afghan Joint Economic Commission concludes

KABUL (Afghanistan): The 7th meeting of Pakistan-Afghanistan Joint Economic Commission concluded in Kabul on Wednesday with a pledge to bolster and explore avenues in trade and economic cooperation for the benefit of the people of the two countries.

The meeting was followed by the joint press conference addressed by Shaukat Tarin, Adviser on Finance, Government of the Islamic Republic of Pakistan, and Anwarul Haq Ahadi, Finance Minister of the Islamic Republic of Afghanistan.

The delegations of the two countries discussed in detail trade, economic coordination, Pakistan’s assistance for reconstruction in Afghanistan, and cooperation between the businessmen of the two countries, says a message received here from Kabul.

Both sides expressed satisfaction over the level of bilateral trade between the two countries and emphasized to explore further areas of cooperation in trade and economic sectors.

They also discussed the future avenues available to the two countries to act as a bridge between Central and South Asia.

The meeting discussed various aspects of Afghan Transit Trade Agreement, including mutual transit facilities to both the countries and making arrangements for expediting the carriage of goods in shortest possible time and removing hurdles in the smooth flow of trade and services.

On conclusion of the negotiations, Shaukat Tarin, Adviser on Finance and Anwarul Haq Ahadi, Finance Minister signed the agreed minutes of the Joint Economic Commission meeting.

Earlier, Adviser on Finance Shaukat Tarin paid a courtesy call on the President of the Islamic Republic of Afghanistan, Hamid Karzai at the Presidential Palace.

He conveyed to the President the messages of goodwill, and friendship from the president and the Prime Minister of Pakistan, President; Karzai noted with satisfaction the friendly relations with Pakistan and reiterated that he had full confidence in the leadership of President Asif Ali Zardari and the democratically elected government of Pakistan.

President Karzai also urged the economic teams of both the countries to work for enhancing the bilateral trade by making use of the geography of Pakistan and Afghanistan which could serve as a bridge between Central Asia and South Asia.

Shaukat Tarin also held separate meetings with Afghan Foreign Minister, Dr. Rangin Dadfar Spanta and Finance Minister Dr. Anwarul Haq Ahadi.

The Afghan Chambers of Commerce and Industry (ACCI) hosted a lunch in honour of Pakistan’s Adviser on Finance and his delegation. Prominent businessmen

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