Salient points of Pakistan Budget 2013-2014 »

  • The average rate of inflation stood at 13 percent in last five years.
  • The burden of national debt witnessed a whopping increase of 250 percent to reach Rs14284 billion.
  • Dollar rose to Rs100 from 60.
  • The average rate of inflation remained 13 percent in past five years
  • Pakistan’s circular debt increased to 250 percent in past five years
  • Growth rate remained 1 pc
  • Dollar valued soared to Rs100 from Rs60
  • Pension increased to 10 percent. The minimum pension will be Rs5000 from Rs3000
  • Rs75 billion allocated from Income Support Programme
  • Proposal for 75 bn allocation for Income Support Program
  • Growth rate stood at 1 percent
  • Plan to give 5 Rs 5 lac Qarze Hasna.
  • Prime Minister House expenditures being brought down by 45 percent.
  • Tax exemption of luxury cars to be abolished.
  • Pakistan’s economy suffered a loss of 2 percent each year due to energy crisis.
  • Sale tax being increased from 16 pc to 17.
  • Circular debt amounting to more than Rs500 billion will be eliminated in 60 days.
  • Ban on purchase of new vehicles for Prime Minister office.
  • Prime Minister Laptop scheme to be initiated
  • Five percent additional tax imposed on non-registered power consumers.
  • Exemption of 25 percent on 1800 cc to 2500cc vehicles.
  • Customs duty on water filtration equipment to be decreased.
  • Pension being increased by 10 percent.
  • People works program renamed as Tamir-e-Watan Pakistan program.
  • Ministers discretionary funds abolished.
  • Economy grew by around 3.
  • Economy was on auto pilot.
  • 1481 billion tariff subsidy paid.
  • 1200 cc hybrid cars exempted form duty tax.
  • Non registered power consumers 5 % sales tax.
  • 1800-2500 cc cars 25 % concession.
  • 1200-1800 cc cars 50% duty reduction.
  • 3G license auction soon.
  • SBP borrowing to de reduced.
  • Targeted inflation rate for FY 2013-14 is 9.5.
  • Pension up by 10% from 3000-5000
  • GDP target for FY 2013-14 is 4.8 percent.
  • Tax revenue target: 2.475 billion.
  • Non-tax income: 800 billion
  • Power subsidy: 185 billion.
  • Small business loans up to Rs200,0000 with 8% markup.
  • Investment ratio to be increased by 20 percent.
  • Income Support Program: 75 billion.
  • Qaraz-e-Hasna (Soft loan): Rs500,000.
  • Fiscal deficit targeted at 8 percent of GDP.
  • The entire subsidy policy to be reviewed.
  • Rs340 billion earmarked for development projects.
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