Budget2014

Demand equal rights for special persons.

Government proposes to replace FED collection system.

Dealers’ association complains govt favouring local assemblers.

Will go up Rs6,000 due to increase in taxes.

Telecom sector laments ‘high taxation rates’, to meet Dar soon.

Batons, rubber bullets used to disperse protest; they were demanding 50% increments.

Says influential segment has been brought under tax net for the first time.

Budget will help in streamlining the national economy in a permanent and sustained manner.

Incentives mark substantial step towards economic growth.

Plan to revive House Building Finance Company pleases sector.

Industry wants enforcement to discourage illicit trade.

Ministers demand increase in salaries, PM rejects.

PPP Senator says budget has been prepared by industrialists for businessmen with no relief for common man.

Govt scraps Rs103b tax exemptions to broaden revenue base.

Tax not applicable on sale of stocks after holding period of 2 years.

Govt proposes 3% advance tax on business and club class air passengers in a bid to widen the tax net.

FED removed, withholding tax reduced by 1%.

Industry players term package a surety for increasing exports.

Energy firms and essential commodities will get cushion.

Prime Minister Nawaz says main objective of new budget was to provide relief to the masses and increase tax base.

Pakistan to receive Rs1b from China, Rs16b under Kerry-Lugar Act; Rs49.5bn from Islamic Development Bank.

Govt made a cut, at least on paper, in budget of PM’s Office for fiscal year 2014-15, pegging it on Rs779.35...

FBR ability to achieve Rs2.810tr tax target will determine how much the provinces will receive.

Islamabad High Court gets a significant chunk for reconstruction.

Dar artificially inflated the 2013 deficit by transferring a massive chunk of circular debt payments to that year.

Biggest chunk of budget allocated for rebroadcast stations.

Legislators draw up plans to meet targets.

National Plan of Action not mentioned.

Five new projects included in PSDP for 2014-15 for Islamabad; major chunk to go to CADD.

Islamabad and Rawalpindi projects get Rs6.7 billion less in PSDP for 2014-15 against last year’s Rs28.85 billion.

We are a nation that spends vast amounts on weapons when a large proportion of our population is illiterate.

Allocation will depend on FBR’s ability to meet Rs2.810tr tax target

In-depth analysis of the budget for fiscal year 2014-15.

Govt withdraws FED on telecom services from provinces that have imposed GST.

In 2011-12 and 2012-13, the budget of the PM office was increased at whopping rate of 56 and 58 per cent respectively.

Defence expenditure almost doubled in last five years.

Minimum wage rate increased to Rs12,000, President House to get Rs243,253,000.

Debt as a percentage of GDP is projected to go down.

Government introduces housing and housing finance schemes, seeks to bring the retail sector under the tax net

Budget 2014-15 introduces support packages for farmers, several insurance schemes introduced

The government will also envisage a fiscal deficit of 4.8% of gross domestic product in the budget for FY15

Expected that government will allocate nearly half a billion dollars for leftover spectrum.

FBR tax revenue projected at Rs2,810b.

Power subsidies to be reduced; circular debt not to be cleared.

Growth target for the large scale manufacturing (LSM) sector has been set at 7% for fiscal year 2014-15

Activists demand budgetary provisions for community midwives, girls’ education.

Centre, provinces urged to allocate ample funds for health, education, drinking water.

Posts more than targeted growth of 11.3%

Dar, however, pledges to increase growth rate by 1% every year taking it to 7% by 2017.

Adviser to CM on Industries said that the government is keen to introduce different industrial schemes in the budget.