Pakistan Budget 2015 – 2016
Today Pakistan Federal Government Announced Pakistan Budget 2015 – 2016. We are providing you the complete details of Pakistan Budget 2015 – 2016. Compare to the rate of price rises for the same period previous year which was 8.7% and if one were to consider the finance minister’s claim the plummet is by approximately 45%. The minister thought that much of this was connected to the sharp drop in the universal price of oil. The target of enlargement rate in farming has been set at 3.9 % with production target in the manufacturing division pegged at 6.1 percent.
Minimum wage increased to Rs13,000
Salary tax rate reduced
Additional tax on high electricity bills
Pension increased by 7.5%
Forex reserves to stand at $19 billion by end of year
Rs20 billion allocated for PM’s special schemes
Markup rate of Business Youth Loan Scheme reduced to 6%
Public investment which was record at 842 billion rupees in 2013-14 is reported at 1057 billion rupees in 2014-15. The Pakistan Federal Government led by Nawaz Sharif’s PML-N is all balanced to unveil its 3rd yearly budget with an expend of over 4 trillion rupees for economic year 2015-16 before the Parliament today.
Pakistan Federal Finance Minister Ishaq Dar will in attendance the federal budget with a size of 4.272 trillion rupees for the future year at National Assembly this evening. The budget envision the tax compilation target at 3.1 trillion rupees. The building sector has registered a growth of 7.05 % against the growth of 7.25 percent of previous year.
Rs600 billion allocated for farmers
Fiscal deficit to be contained at 5%
Rs 20.88 billion allocated for health
Rs71.5 billion allocated for education
Rs3 billion allocated for Ramzan package
Green Line Metro Bus for Karachi
Rs78 billion for Pakistan Railways
Rs100 billion for TDPs
PAEC budget reduced
Rs31 billion allocated on water management
Rs112.28 billion allocated for WAPDA
Govt allocates Rs700 billion for development spending
Rs25 million have been allocated for scholarships
Rs102 billion allocated for Benazir Income Support Programme
‘Electricity growth of 19,600MW expected by 2017′
Dar proves case for strong economic growth
Rs700 billion allocated for Public Sector Development Programme
‘Will achieve the target of 5% by June 30, 2015
This time the Pakistan government is promising to carry on walking down the path of stabilisation whereas moving towards stimulating growth in the wealth. The provinces will be issue 814 billion rupees and Amount of Rs.194 billion has been put sideways for Pak-Sino Economic passage. You can also share us your precious comment about the Pakistan Budget 2015 – 2016.