Budget2015-16

Tax increase to encourage illicit trade and smuggling, comments official.

Doubts remain about government’s ability to keep itself within Rs137.6b target.

Benchmark 100-share index drops 73.25 points.

Will launch special schemes for creating employment.

Sources claimed that the finance ministry had deliberately concealed the amount

Their share in federal taxes and straight transfers has been hiked by 17.4 per cent.

This is 5.6% lower than last year’s revenue target of Rs405b.

CGT rates also revised upwards; sale of shares to be taxed even after two years.

Suspension of minimum tax on builders and reduction in import duty on construction machinery hailed

Decision to be a major setback for the sector.

Govt says Rs20 billion from that amount can be spent on security

There is no example of a country growing respectably while an IMF programme is still in place

The participants were also shown a display of vacuum technology and its applications in industries

The government has allocated Rs22.4 billion for the Ministry of National Health Services

Education ministry budget cut by Rs1 billion.

Islamabad Police to have Rapid Response Force, forensic lab.

This year's budget does not do much in terms of cutting back on the privileges of Pakistan’s wealthy elite

Finance minister lists PTI's four-month long protest in Islamabad, oil prices as contributing factor to missed...

New budget is expected to focus on spurring economic growth

The new budget boasts historically low interest rates and high infrastructure spending

Govt missing targets and making mistakes .

Reads Rs149.3b compared to Rs325.1b in comparative period.

Clocks in at 2.5% compared to 4.6% in the same period last year.

Services sector fares better, falls just short of target.

Barring cotton and rice, growth in important crops remains weak

Dar says govt will remove another one-third of tax breaks in new budget.

Gains 4,077 points making it more attractive than most major stock markets.

Lacklustre reporting of statistics provides no value addition.

Ate up Rs1.193t; domestic debt comprises major chunk of pie.

Decision a ‘big negative’ for economy; 80% subscribers’ income not taxable.

Govt has not done enough to encourage entrepreneurial creativity of the nation, which could kick-start economy

Finance minister hopes to create thousands of public sector jobs

Party urges Nawaz to introduce subsidies to ensure greater competitiveness

Total cost, direct and indirect, caused by terrorism in the country since 2001 tops $107 billion

Government misses major economic targets

Govt drastically slashes development budget in upcoming PSDP; not a single project approved

Iqbal stresses country will notch up 5.5% growth next year.

Tax on media houses aimed at generating Rs5b during new fiscal year

Ali Zaidi accuses Sindh govt of misappropriating last year’s funds.

Recent rise of globalised and globalising middle classes and groups means that margins look more like mainstream

With narrow economic base, heavy dependence on foreign assistance, Pakistan has to be prudent in resource mobilisation

Collection is expected to be Rs29.9b, which is 35% lower than this year.

Better crops will help lessen reliance on edible oil imports.

NEC allocates Rs171 billion for corridor related projects next year.

Proposed FED on internet usage might decrease use of social media.

Chief urges government to make commodity cheaper.

Muzaffar Said adds no new taxes levied; higher sums doled out for education, health and local govt

Pakistan’s fiscal problem will not be fixed until the govt gets serious about cracking down on culture of tax evasion

LHC ruling declaring imposition of electricity surcharges illegal raises power subsidies’ requirement to Rs250 bn

Govt wants to increase GST to 5% at yarn stage, slap 5% tax on cotton sales and another 5% on power consumption.