At N94.159 VAT revenue for the month was lower than the preceding month which was N108.631 indicating a decrease of N14.472 billion
As such, the BOC jacked up its cash collections goal for the period July-to-December to P365.4 billion
from P358.4 billion
* Southwest Airlines Co.(NYSE:LUV) is estimated to report quarterly earnings at $1.34 per share on revenue of $5.93 billion
The government has proposed 36% of the total ADP, amounting to Rs124.9 billion
, for social sector development, including Rs46.9 billion
for education, Rs32 billion
for school education, Rs7.3 billion
for higher education, Rs1 billion
for special education, Rs2.6 billion
for literacy and non-formal basic education and Rs4 billion
for sports and youth affairs.
Meanwhile, the government has also revised downwards its non-tax collection target to Rs 637.8 billion
for the current fiscal year from the budgeted estimates of Rs 771.9 billion
Total transfers to the provinces as part of the NFC Award fixed Rs3254 billion
Under its development program, the government has released an amount of Rs22.66 billion
for federal ministries, whereas Rs22.9 billion
for corporations and Rs38.1 billion
for special areas, according to a latest data released by Ministry of Planning, Development and Reform.
Treasury plans to spend Sh551 billion
in interest payments for loans and pension.
According to the BB data, the country received $1.46 billion
in March, $1.32 billion
in February, $1.60 billion
in January, $1.21 billion
in December, $1.18 billion
in November, $1.24 billion
in October, $1.14 billion
in September, $1.41 billion
in August and $1.32 billion
in July of the fiscal 2018-19.
Documents available with this scribe disclosed that Punjab received Rs3.246 billion
, Sindh Rs7.078 billion
, Khyber Pakhtunkhwa Rs10.488 billion
and Balochistan Rs6.417 billion
from July 2018 to January 2019.
- Rs 157.941 billion
for National Highway Authority (NHA) against total allocation of Rs 185.197 billion
Although the lender recorded a slight growth in interest earning from customer loans to the tune of Sh25.4 billion
from Sh24.9 billion
in 2017, nonperforming loans soared to Sh24.02 billion
from Sh17.98 billion
, a 33.6 per cent growth.