Against Planning Commission’s demand of Rs350b, indicated allocation amounts to just Rs124b

Increase in rates for both filers and non-filers of tax returns proposed

Pakistan has raised $1.4 billion at interest rate of up to 5.2% in last 6 months

Ministry of Defence seeks Rs920b for year 2016-17, Dar fails to mention whether or not he would allocate the amount

More incentives for listing companies, providing housing finance likely

China is developing the Gwadar port as a strategic and commercial hub under its ‘One-Belt One-Road’ initiative

However, it misses critical savings and investment targets in 2015-16

Proposals include cancelling CNICs, levying additional withholding tax

Economic Reforms Act, Income Tax Ordinance, prevent authorities from taking action

Responds to allegations of data fudging to show higher than actual growth