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ISLAMABAD: When Finance Minister Ishaq Dar rises to deliver his government's mid-point budget in parliament today, he will be trying to do. Federal Budget Publications And Appropriations (White Book) · Federal Medium Term Budget Estimates for Service Delivery The federal budget for the fiscal year introduced some new taxes and measures that, ideally, should provide relief to burdened citizens.


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The resource availability during has been estimated at Rs 4. The net revenue receipts of have been estimated at Rs 2, The provincial share in federal taxes is estimated at 1, The net capital receipts for have been estimated Rs The external receipts in are estimated at Rs The current expenditure is Rs 3.

The share budget 2015 pakistan current and development expenditure, respectively, in total budgetary outlay budget 2015 pakistan is The expenditure on general public service is estimated at Rs 2.

–16 Pakistan federal budget - Wikipedia

Finance Minister Ishaq Dar presented the budget 2015 pakistan in an environment of total agreement and conformity as the opposition benches remained calm and offered no resistance to the finance minister.

Dar added that the government was going to achieve budget 2015 pakistan 5 per cent target of fiscal deficit during the current year which would be brought down to 4.

He said that the reduction in fiscal deficit would continue to consolidate the gains with the target set at 4. He said by Decemberthe government would be able to add 10, MW in the system.

The minister said the government had budget 2015 pakistan additional measures to boost exports and to ease the cost of doing business, besides improving an overall regulatory regime to facilitate exporters.


He said the government was projecting the investment-to-GDP ratio to rise to Under the BISP, untilthe cash transfer programme was covering 4. However, the government has also provided relief to salaried taxpayers, who earn between Rs, to Rs, per annum. Their rate of income tax has been budget 2015 pakistan from 5 per cent to 2 per cent.

Non-salaried individual taxpayers earning Rs, to Rs, per annum who are currently charged at a rate of 10 per cent, may now be charged only 7 per cent. In order to encourage corporate budget 2015 pakistan and the documented economy, corporate income tax rate has also been reduced to 32 per cent.

Mohammad Rashid, who owns a cosmetics shop in Rawalpindi, told Dawn that rates of locally-produced cosmetic products had already increased twice in the last fiscal year, discouraging customers. budget 2015 pakistan

Tobacco Anti-tobacco lobbyists were still confused by Friday night and most reached the conclusion that much of their recommendations to increase cigarette prices were ignored.

In the budget speech, Mr Dar said that budget 2015 pakistan federal excise duty on cigarettes was proposed to be increased from 58 per cent to 63 per cent.

2014–15 Pakistan federal budget

Network for Consumer Protection Executive Coordinator Nadeem Iqbal told Dawn said that it seemed that the tobacco industry had managed to win over those who levied taxes. Since most of the construction work at the new airport has been completed, allocations are meant for three auxiliary projects on the site, located near the town of Fatehjang.

Due to a severe water shortage in the area, authorities have decided to construct a dam, to be called Ramma Dam, which will provide water for the airport. An allocation of Rs Federal expenditures will be just above of Rs4.

Having shot down calls for reducing General Sales Tax rate by 1pc, it appears the only relief measure would be for those who are or budget 2015 pakistan part of the government, with a pc increase in pensions and salaries of employees of the government and armed forces.

Around Rs20bn would be announced in the federal budget for a few schemes to be launched by the prime minister for the youth.

Rs tr fiscal budget unveiled for year | Pakistan Today

Some amendments are also likely in the laptop scheme while the size and coverage of the income support programme would also expand without an increase in the amount of cash payments to individuals. Officials said around Rsbn worth of withdrawal of tax exemptions under discriminatory Statutory Regulatory Orders, expansion in regressive budget 2015 pakistan tax regime and adding more people to the tax net would have a cumulative impact of about Rsbn.

The revenue collection for the next year has been targeted at around Rs3. They said the subsidies would be kept below Rsbn to comply with the IMF agreement to keep the fiscal deficit below 4.