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Pakistan Budget 2009-2010:
Important Features:
Total
sum of Budget 2009-10 is Rs. 2.489 trillion.
Rs. 50 billion allocated for the dislocate of operation in
Malakand Division.
Inflation rate
has declined to 14.4 percent
and it will further turn down to single digit in the next fiscal
year
Rs1.488 billion has been allocated for courts
The best way to lower the poverty is to take the inflation down,
which was 25 percent last year
Rs1.488 billion has been allocated for courts
Tax base will be broadened
Property gains tax will be expanded
CVT will be continued
DGP growth expected to be 3.3 percent for 2009-10
Salaries of armed forces will be raised from July 1
Inflation target for 2009-10 will be 9%
Rs. 70 billion for Benazir
Income Support Program for 09-10
Fiscal deficit will be limited to 4.9 percent or Rs722 billion
Current expenditure will be curtailed by 15.3 percent
Carbon surcharge will be introduced in FY10
Withholding tax on domestic vehicles ended
Rs2.2 billion allocated for environment
Tax target raised to Rs 2.17 trillion
Rs23.1 billion for
health.
Duty on wind power
plants withdrawn.
Social protection net being introduced for farmers.
Agriculture and
value addition to be given
special attention.
Use of new technology in agriculture sector to be encouraged.
Rs18 billion for PSDP which is 25 percent higher than the
previous year
CVT on property to be increased to 4 percent from 2 percent.
Petroleum
development levy to end in FY10.
Government raises salaries of government of employees by 15
percent.
Tax Collection Target has been set at Rs 1377.5 billion
Current Expenditures are estimated at 1699.19 billion
Allocation for People’s Works Program: Rs 28 billion
Allocation for Workers’ Welfare Fund: Rs 10.8 billion
Government and armed forces’ retired employees will receive 15
percent raise in their net pensions from July 1, 2009
An increase of allowance equivalent to one basic pay, effective
from July 1, 2009, has been approved for the military’s personnel
deputed in the western part of the country. All the members of
the armed forces
will get the same from January 1, 2010.
Rs 262 billion are for federal ministries
Rs 38 billion are for Azad Jammu and Kashmir, FATA and Northern
Areas
Rs 60 billion are for Corporations
Rs 60 billion are for Water Sector Development
Rs 47 billion are for Dams Construction/Raising
Rs 18 billion for Agriculture
Rs 23.15 billion have been allocated for Health sector
Rs 32 billion have been allocated for Education with Rs 22.5
billion for Higher Education
Development Budget allocated for the Provinces: Rs 200 billion
National Highway Authority will receive Rs 40.2 billion
Rs 12.7 billion are for Railways
Rs 70 billion are allocated for Transport and Communication
Rs 85 billion have been allocated to overcome energy crisis and
would be spent on Electricity, Gas and Water Supply projects.
Rs 2.96 billion have been allocated for environment protection
Rs 3.6 billion are for National Internship Program
Rs 450 million for cultural development
Rs 583 million for Sports
Rs 300 m allocated for Postal Ministry in PSDP-2009-10
Communications Division gets Rs.45971.990 million in PSDP
2009-10, NHA gets Rs 45706.090
Govt allocates Rs.50.000 mln for NRB
Rs. 3265.377 mln earmarked for 132 projects of Science &
Technological Research Division
Govt. allocates Rs 16709.980 mln for Food Agriculture Division
Tax on imports raises to 4% from 2%.
Rs12 billion allocated for Mangla dam
Govt to set up export houses.
Excise duty on cellular down to 19 percent
Excise duty on CKD reduces by 5 percent
SIM activation charges have been reduced from Rs500 to Rs250
The funds for the science
and technology being doubled
Rs10 billion fund allocated for SMEs
Govt to spend Rs4 billion on Benazir Tractor Scheme for small
cultivators in next two years
Rs47 billion allocated for water resources management under PSDP
The govt not to increase tax on industry
600 filtration plants being set up
sales tax abolished
on wheel chairs
Wind energy projects to be set up in and around Gharo
Amount for wedding assistance raised from Rs5000 to Rs70000
The limit of health insurance will be Rs25000 annually
The retired govt employees and army personnel to receive new
raised pension from July 1
Rs60 billion allocated for water
Rs12 billion for Pakistan Railways
Rs250 levied as custom duty on mobile sets.
Rs40 billion allocation for export investment fund.
Rs166 billion for construction of dams
Small and medium sized dams will be built
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