June 3, 2016 Finance Minister Ishaq Dar has unveiled a budget with a total outlay of Rs 4.39 trillion for the fiscal year 2016-17, indicating 7% increase over the outgoing year. The government has set an ambitious growth target at 5.7pc in the next fiscal year Pakistan Federal Budget 2016-17 has been announced with the volume of Rs.4395 B by Ishaq Dar in National Assembly today on 3 rd June on Friday 2016 while while the tax collection target is at Rs 3621 billion and non-tax revenue target is going to be Rs 960 billion. The topics of this post are Salary Increase in Budget 2016 and Federal Budget 2016-17 Highlights in comprehensive manner
However, excluding planned expenditures for Defence Production, Rs. 860 billion will be spent on Defence in FY 2016/17. Health. In the budget for FY 2016/17, Rs. 22.4 billion have been set aside. The total volume of the budget for the year 2016-17 is Rs 1681 billion. Ayesha Ghaus Pasha said 88% more funds have been allocated this year for the sake of providing clean drinking water for the people of Punjab. She added that education, health, agriculture and provision of clean drinking water are the top priorities PESHAWAR: Khyber Pakhtunkhwa's Rs505 billion budget for the financial year 2016-17 sets aside Rs161bn for the annual development programme (ADP), including Rs36bn foreign assistance, and proposes.. On behalf of the Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan), I am delighted to present the Budget Commentary for the year 2016-17. The purpose of preparing this commentary is to provide a deep insight on the Federal Budget 2016-17 and enable the readers to better understand and comprehend the current Federal Budget
The government is likely to announce incentives on LED lights and solar panels in the federal budget 2016-17 aimed at saving electricity and increasing dependence on alternative energy, well-informed sources told Business Recorder.Worldwide, the LED (9405.1090) lighting market is anticipated to grow 45 percent every year through 2020, by producing LED lights to reach $63.1 billion from. . Read full article. June 3, 2016, 11:02 AM Budget 2016-17: Govt eyes big rise in tax revenues. ISLAMABAD: Pakistan is targeting a near 16 percent rise in tax revenues in the fiscal year ending June 2017, Finance Minister Ishaq Dar said on. For FY 2016-17, an amount of Rs 6.5 billion has been allocated for this purpose. The budget 2016-17 is part of a medium term growth strategy for a prosperous Punjab. Projects supported by the budget and included in Annual Development Plan seek to attract private investments to maximise employment opportunities for the people of Punjab
Press Conference on State of Budget Transparency in Pakistan - Jhang on January 4, 2021 1:00 pm Conference on Role of Civil Society in Implementation of RTI on December 31, 2020 1:00 pm Press Conference on State of Budget Transparency in Pakistan - Chiniot on December 26, 2020 12:00 p Citizens' Budget Jhelum (2016-17) Download. CPDI Score Sheet of Right to Information Laws in Pakistan Download. Women & Living Wages in Pakistan Download. CPDI Analysis and Score Sheet of Freedom of Information Ordinance 2002, Right of Access to Information Bill 2016 and The Right to Information Bill 2016 Download Government criticised for failing to broaden the tax base, with most incentives and concessions branded short-term measure The sales tax changes introduced in Pakistan's Budget 2016/17 are effective from 1 July 2016. One of the main changes is an increase in the sales tax registration threshold for manufacturers from total revenue of PKR 5 million to total revenue of PKR 10 million in the previous 12 months
Federal Budget 2016-17 is in the final stage of formulation, and the government has ensured the new opportunities for the Federal Government employees. Chances for the pay increase up to 10 to 20% are high subject to suitable finalization of terms and conditions with IMF Punjab Minister for Finance Dr. Ayesha Ghaus Pasha aimed to give fruitful Punjab budget 2016-17 on 13 th June 2016. Here on this page we will share Punjab budget Statement and salary increase detail with pay scale chart summary for all departments of Punjab on this page.. Punjab Budget 2016-17 Salary Increase Pay Scale revise Representatives of Real estate associations from all over Pakistan met Government officials today to discuss the ongoing issue of increase of real estate tax in the Budget 2016-17 . It seems like there has been some positive development about the real estate tax in Pakistan. It is however unlikely that Government will back out completely . However, sources in the Finance Ministry said that there is no information regarding extension in budget date. The prime minister is currently [ ISLAMABAD: The Federal cabinet on Monday approved budget and taxation proposals for the fiscal year 2016-17. Prime Minister Nawaz Sharif chaired the meeting through a video conference from Pakistan..
ISLAMABAD (Staff Report) - Finance Minister Senator Muhammad Ishaq Dar will present an outlay of Rs 4.8 trillion budget for the next Fiscal Year (i.e. FY 2016/17) i Economy Comments Off on Federal Budget 2016-17: A Review Like: 4 The Institute of Policy Studies (IPS), Islamabad has regularly been coming up with its pre-budget proposals and post-budget analysis and recommendations, in order to assist the parliament, policy makers and all other stakeholders to review the budget Ikhtelaf E Raae | Highlights of Pakistan Budget 2016-17 | 25 May 2017 | 24 News HDHost: Syed Ali HaidarGuests: Orya Maqbool Jan, Shahid Hussai Pakistan can save $2.5bn by encouraging edible oil sector By Reporting Team Budget 2017 18-Jul-2016 18-Jul-2016 Top Stories. KARACHI: Pakistan is wasting millions of dollar in the import of Edible oil and its seeds by ignoring this sector in the budget 2016-17. The Read more Surprisingly the finance minister made no mention of India's defence allocation for 2016-17 in his Union Budget speech on Monday, 29 February 2016. This raised immediate curiosity, over why, the country's military spending was not revealed. This is in fact the first time when defence allocation has not been revealed during the annual budget speech
Pakistan's budget for the fiscal year 2016-17 is Rs 860 billion, which is 2.6% of GDP. Pakistan spends the same allocation as a percentage of GDP (2.6%) but certainly Pakistan's GDP is much smaller when compared with India - about one eighth Federal Budget 2016-17 is abuzz with promising aspects for higher education, telecom and information technology sector. Finance Minister, Ishaq Dar presented the Federal Budget of Rs. 4.4 trillion. Indian Budget Thread. Pls post all the links, data, highlights, analysis.. Pls feel free to contribute Source is Ministry of finance.. Pakistan: Finance Bill 2016/17 1. TABLE OF CONTENTS 1 Page # Budget at a Glance 3 Overview of the Economy 2015-2016 5 Finance Bill 2016 - Highlights 10 Summary of changes in: The Income Tax Ordinance, 2001 14 The Sales Tax Act, 1990 39 The Federal Excise Act, 2005 47 Islamabad Capital Territory Ordinance 2001 53 The Customs Act, 1969 54 Fiscal Responsibility and Debt Limitation Act, 2005 6 Sindh govt unveils budget for FY 2016-17. KARACHI: The budget of Sindh for the financial year 2016-2017 with an outlay of approximately Rs 869 billion was presented in the provincial assembly on.
Elected Budget 2016-17 Salary Increase Details Download Minister Mian Nawaz Sharif of Government of Pakistan will be expansion the pay rates of the all bureaus of area Punjab and alternate areas PM too. Each official office workers have numerous desire .73% of the government expenditure on the defence sector this year. While India has seen a sustained dip in its military expenditure, i.e, from 17.08% in 2016-17 to 13.73% now, Pakistan has been consistently raising it since 2013, from 15.9% to now around 18.4%
ISLAMABAD, June 3 (APP): The government has allocated Rs 1,776.872 million for 18 on-going and three new schemes of Science and Technological Research Division under Public Sector Development Sector Programme (PSDP) for next fiscal year 2016-17. According to the budgetary document released here on Friday, total Rs 1,693.222 million has been earmarked for the on-going [ APAT expresses satisfaction over Budget 2016-17. LAHORE: All Pakistan Anjuman-e-Tajiran (APAT) on Sunday expressed satisfaction over the proposed Budget 2016-17 by federal government, saying the overall budget is satisfactory and acceptable, with some exceptions and concerns . For Government employees, pensioners and workers I announce the following relief measures: Revised Pay Scales 2016. 1) Ad-hoc increases of 2013 and 2014 will be merged in the.
. This was announced in the federal budget for 2016-17. As per initial details, mobile phone — based on their feature set — will be. Minimum Wage in Pakistan for Unskilled Workers in 2017-2018. The Federal Finance Minister (Mr. Ishaq Dar) while announcing the Federal Budget (2017-18) on 26 May 2017 has raised the minimum wage rate for unskilled workers from Rs. 14,000 to Rs. 15,000 per month with effect from July 2017 (applicable to Islamabad Capital Territory).Dr Annual Budget 2016/17 Transmission openerARYNEWS http://arynews.tv/en/concept and storyboard Yasir Ali,Abdul Qadeer3D and Composite AnnasZaki
Earlier, the provincial finance minister presented the budget for fiscal year 2016-2017 with a total outlay of Rs869 billion. The new budget translates into a rise of around 15 per cent compared. NEW DELHI, 24/02/2016: Railway Minister Suresh Prabhu on his way to present the Railway Budget 2016-17 during the Budget Session at the Parliament House in New Delhi on February 25, 2016. Photo: R.V. Moorth Budget 2016-17 Budget 2016-17; Budget at a Glance : Budget Speech : Budget Volume-I : Education Colleges : Education Schools (Male) Finance Division Pakistan Finance Department Punjab Finance Department KPK Finance Department Balochistan Supreme Court of AJ&K Contact Us Budget Estimates 2021-22 Budget Estimates 2020-21 Budget Estimates 2019-20 Budget Estimates 2018-19 Budget Estimates 2017-18 Budget Estimates 2016-17 Budget Estimates 2015-16 Utilization Current Budget Utilization Development Budget Utilization Real Time Current Budget Mid Year Expenditure Actual Revenue & Expenditur
The budget deficit as a percentage of GDP was 3 per cent in the last year. Budget deficit as per cent of GDP is an indicator to study the inflation in an economy. You may now guess that with a budget deficit 5 per cent in 2016-17, it may be difficult to tame inflation at the current 5.8 per cent ICMA Pakistan ‖ Budget Commentary 2017-18 BUDGET AT A GLANCE Page | 8 BREAKUP OF FEDERAL TAX REVENUE RECEIPTS Rs.in million Budget 2016-17 Revised 2016-17 %age of T.Rev. Budget 2017-18 %age of T.Rev. Direct Taxes Income Tax 1,538,756 1,363,837 35.65% 1,577,557 36.43 Home; About. FCCI-Vision-Mission; FCCI-Office Bearers; FCCI Secretariat / Administration; FCCI Executive Body 2020-21. Corporate Class; Associate Class; Women Seat In Budget 2016-17 tax proposals for each sector, PBC News Leave a comment Karachi (Monday, April 11, 2016): This year Income tax to be charged every sector, Pakistan Business Council (PBC) Also, the budget proposals OICCI TAXATION PROPOSALS (2016-17) major foreign investors in Pakistan. The 195 OICCI members annually contribute over one third Budget 2015-16 ó employment of 45% of the population of the province is dependent upon agriculture and the sector accounts for 21% of the overall national production. òHowever, the collection of.
Pakistan is facing unprecedented health and economic shocks from the rapid propagation of the Covid-19 outbreak. Growth is expected to contract sharply, by -1.5 percent in FY 2020, as the economy is buffeted by demand and supply shocks. General Government Budget, 2016/17-2024/25 (In billions of Pakistan rupees) _____ 14. The Bill 2016-17 will take effect from July 1 this year after President Mamnoon Hussain signs it. Apart from passing the budget, the lower house of the parliament also approved 112 supplementary grants worth Rs 260.875 billion for the outgoing Fiscal Year 2015-2016 Weekly Sensitive Price Indicator (SPI) for 06-05-2021. Weekly SPI, with base 2015-16, for the week ended on 06-05-2021 is 149.01 with 0.50 change over the previous week. Read more
The 2016-17 Pakistani budget seeks to increase funding for critical sectors of the economy. Funding these important programs could help the economy in its continued growth by providing education and job opportunities to the nation's young and rural populations, thus reducing poverty in Pakistan Get latest Budget 2016 17 news updates & stories. Explore Budget 2016 17 photos and videos on India.co No board exams for CBSE Class 10 students: Minister. It is now clear that the students of north-east Delhi who could not appear in the Board examinations of Class... READ MORE. 0 Congress Leader P. Chidambaram on Monday said that one big take away from Budget 2016-17 was that there is no new idea presented by Finance Minister Arun Jaitley, adding that NDA has followed its own brand of budget making. He further said that there is no major relief for tax payers, and the reduction of corporate tax rate from 30 percent to 29 percent for a very limited class, is laughable
Motorcycle assemblers have demanded the government to relieve the industry of some taxes in the upcoming federal budget of Fiscal Year (FY) 2016-17. According to the Muhammad Sabir Shaikh, Chairman, Association of Pakistan Motorcycle Assemblers that over 50 plants out of total 120 are shut and the remaining are not meeting their production maximum New Budget 2016-17 expected in the first week of Juney 2016. May 20, 2017 - New Revised Pay Scales Chart 2017 Pakistan in Budget 2017 on 26 May 2017. Download New Revised pay scales 2017 with merger of 50%. Pakistan's economy has been growing slowly over the past two decades. Annual per capita growth has averaged only 2 percent, less than half of the South Asia average, partly due to inconsistent macroeconomic policies and an under-reliance on investment and exports to drive economic growth. Short periods of rapid consumption-fueled growth. This budget analysis reveals that while Pakistan's performance remains dismal in all of the above sectors, the situation is specifically bleak concerning child rights and welfare. Pakistan's total federal budget for 2011-12 is Rs 2,835 billion (US $30 billion) or 12.8 % of it Pakistan education spending for 2017 was 14.54%, a 0.52% decline from 2016. Pakistan education spending for 2016 was 15.06%, a 1.88% increase from 2015. Pakistan education spending for 2015 was 13.19%, a 1.89% increase from 2014
Union Budget 2016: Pharma companies to benefit in 2016-17 fiscal year Zeeshan Shaikh | February 29, 2016 5:20 PM IST This move of tax rebate announced in Union Budget 2016 may help pharma giant. Sindh govt bungled almost 30% of its budget in 2016-17 Posted on September 19, 2018 Categories: Corruption News Comments are off for this post KARACHI: The Auditor-General of Pakistan (AGP) has found financial irregularities, misappropriation, embezzlement, fraud, and theft in public funds to the tune of Rs.292.85 billion in 34 departments of. It said the cigarette prices in Pakistan are among the lowest in the world, and the effective excise tax rate on cigarettes in 2020-21 is still the same as it was in 2016-17
To learn more about CDPI's Budget Watch program, click here. Publications. Citizens' Budget: District Jhang (Year 2016-17) Citizens' Budget: District Jhelum (Year 2016-17) The Study of Budget Making Process at District Level in Khyber Pakhtunkhwa 2016-17; The Study of Budget Making Process at District Level in Punjab 2016-17 He said the Higher Education Commission (HEC) was allocated 2.7 percent of the budget in 2016-17, which has been increased to 4.9 percent. To a question, the minister pointed out that the CPEC was a national project that was always put on priority Powered by ICT Cell, Specialized Healthcare & Medical Education Department, Government of the Punjab ©2018 Specialized Healthcare & Medical Education Department, Government of the Punja A LOOK AT the BUDGET 2016-17 Which measures were enacted? A number of announcements from the budget 2016-17 have been either introduced or enacted bills. A summary of the key taxation measures and their status are listed below
Policy Goals (2014-19) Exports of readymade garments increased 43% in value from $1.62 billion in 2011-12 to US $2.32 billion in 2016-17. To double value-addition from $1 billion per million bales to $2 billion per million in next 5 years. To facilitate additional investment of $5 billion machinery and technology ISLAMABAD — Pakistan has once again increased its defense spending as revealed in the fiscal year 2015-16 FY2015-2016 budget revealed Friday today.The double-digit increase is in line with. However, amounts made before 7.30pm on 3 May 2016 (Budget night) cannot result in an excess. This new lifetime cap will replace the current non-concessional annual cap of $180,000 (six times the concessional contributions cap) as well as the three-year bring forward provisions that enabled contributions up to $540,000 to be made