Web.pk

Budget 2016-17: Government Employees to Receive 10-20% Pay Increase

By Abdul Hadi — Published on 14/05/2016
ADVERTISEMENT
CONTINUE READING BELOW

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.

ADVERTISEMENT
CONTINUE READING BELOW

According to officials at Federal Ministry of Finance, recommendation for increasing salaries and pensions from 10 to 20% are under consideration.  It will take the additional expense of approximately fifty billion rupees.

In addition to several new opportunities, the government is going to withdraw the several tax reliefs as per the instructions of the IMF. As per the instructions of IMF, the new taxes of worth PKR 300 billion will be imposed. After the failure of immunity tax scheme imposed by the government, the government will bring the businesspeople in the tax net.

However, various reliefs will be given on the investment in the country. Tax breaks and exemptions are expected to grant for investment in the automobile industry, agriculture machinery manufacturing, and pharmaceutical products. For this PKR 600 billion are decided for the export development fund. Various promotional shows for Pakistani products will be organized worldwide.

ADVERTISEMENT
CONTINUE READING BELOW

Budget 2016-17 (Estimate)

  • Total – 44 trillion
  • Defense – 900 billion
  • Development – 850 billion
  • Tax Collection Target – 3600 billion
  • GDP Target – 6%
  • Export Development Fund – 600 billion

Federal Minister for Finance Senator Ishaq Dar will table the Budget 2016-17 on June 03, 2016.

About Author

Written by
Abdul Hady is a content expert on topics related to the dynamic and ever-changing entertainment and technology industries. He becomes an expert in multimedia content development and distribution because of his dedication to researching how these two rapid markets overlap.

Popular Articles

Funny and Cute Nicknames for Friends in Urdu 2024
ADVERTISEMENT CONTINUE READING BELOWIn Pakistan, it is observed that on a birth of baby there…
23 Jul 2015
Sui Gas Bill Duplicate – View Online Sui Gas Bill of SSGC & SNGC
ADVERTISEMENT CONTINUE READING BELOWThe Sui gas system in Pakistan is distributed into two companies namely…
18 Apr 2016
Top 60 Pakistani Clothing Brands
ADVERTISEMENT CONTINUE READING BELOWWant to figure out the top 60 in Pakistan in 2023? Can…
28 Feb 2017
PTCL DSL/Wireless Router Settings with IP – Username & Password
ADVERTISEMENT CONTINUE READING BELOWLots of new user face problems and difficulty in configuring their modems…
25 Feb 2013
Download Pakistani Dramas – Websites List
ADVERTISEMENT CONTINUE READING BELOW 1.Youtube.com Using Video Downloader Tools: If you prefer to download Pakistani…
31 Aug 2015
Traditional Mehndi & Dholki Songs List With Lyrics 2024
ADVERTISEMENT CONTINUE READING BELOWPakistani wedding is incomplete without different traditions like Mehndi, , Jaga. These…
14 Nov 2013
MOFA Attestation Requirements, Procedure & Process
ADVERTISEMENT CONTINUE READING BELOWThose who want to attest documents from ministry of foreign affairs should…
16 Mar 2015
How to Share Internet Volume from Zong to Zong
ADVERTISEMENT CONTINUE READING BELOWNow you can transfer internet data from your Zong number to another…
13 Aug 2016
Telefilm “Left Right Left ” Cast & Story
ADVERTISEMENT CONTINUE READING BELOWTelefilms on special occasions like Eid ul Fitr and Eid ul Adha…
2 Jul 2019
50 WhatsApp Group Names in Urdu
ADVERTISEMENT CONTINUE READING BELOWWhatsApp ground name has become a very hot topic these days. People…
31 Dec 2015
How To Open Blocked Sites In Pakistan Without Any Software
ADVERTISEMENT CONTINUE READING BELOWAlthough YouTube got a green signal by Government of Pakistan and Pakistan…
16 Oct 2016
Vehicle Registration Number Plates In Pakistan: Comprehensive Guide
ADVERTISEMENT CONTINUE READING BELOWRegistration of vehicles or vehicle registration plates of motor vehicles in Pakistan…
24 May 2016