iPhone | iPad
Android
Huawei
Upon arrival, Scholz condemned the Iranian strikes on Israel
KT APPDOWNLOAD
Highlights of Pakistan budget for fiscal year 2023-24
The target of exports has been estimated at $30 billion and remittances target has been set at $33 billion; Rs7,303 billion would be spent on interest payment
A salesman looks at a television screen showing the Pakistan's Finance Minister Ishaq Dar presenting the budget for the 2023/24 fiscal year in the parliament in Islamabad, at a shop in Karachi. – Reuters
Following are the highlights of federal budget for fiscal year 2023-24 presented before the National Assembly by Federal Minister for Finance and Revenue, Senator Mohammad Ishaq Dar in Islamabad on Friday:
-The outlay of the federal budget 2023-24 has been estimated at Rs14,460 billion
-The revenue collection by the Federal Board of Revenue has been estimated at Rs9,200 billion out of which Rs 5,276 billion would be share of provinces
-The federal non-tax revenues would be Rs2,963 billion
-The total income of the federal government would be Rs6,887 billion
-Rs7,303 billion would be spent on interest payment
-The GDP growth rate has been estimated at 3.5 per cent whereas as inflation would remain at around 21 percent approximately
-The budget deficit has been calculated at 6.54 per cent whereas primary surplus would be 0.4 per cent of GDP
-During the next fiscal year the target of exports has been estimated at $30 billion and the remittances target has been set at $33 billion
-Rs 950 billion have been earmarked for Public Sector Development Programme for the upcoming fiscal year
-In addition around Rs 200 billion additional amount would become part of development budget through Public Private Partnership
-Rs1,804 billion have been earmarked for Defence and Rs 714 billion for Civil administration
-Government set aside Rs761 billion for Pension
-The government would provide subsidy of Rs1,074 billion for electricity, gas and other sectors
-The government allocated Rs1,464 billion grant from Azad Kashmir, Gilgit Balitstan, merged districts of Khyber Pakhtunkhwa, BISP, HEC, Railways and other departments.
-The government would issue Working Journalist Health Insurance Card and Artist Health Insurance Card
-In addition, funds would be provided for welfare minorities, sports persons and students
-Pension fund would be created to fulfil liability and expenditures of pensions in future
-Total outlay of the PSDP for the fiscal year 2022-23 is Rs 2.709 trillion, which is only 2.6 per cent of GDP.
- The share of the federal PSDP is Rs1,150 billion while that of the provincial PSDP is Rs1.559 trillion.
-Focus would be on project that are near completion so that these are completed by June 2024
-52 per cent of PSDP has been earmarked for building modern infrastructure to attract foreign direct investment.
More news from World
Police have named the assailant as 40-year-old itinerant man Joel Cauchi
Family expresses condolences to the victims
The airline has already suspended flights to and from Tehran until April 18
All flights at Egyptian airports are according to the usual schedules, except for some flights heading to countries that have closed their airspace, said the govt
Air India and Vistara have announced avoidance of Iranian airspace and are taking longer flight paths for their Europe and US operations
Israel has a multi-layered air defence system that has intercepted thousands of rockets since it first went into operation in 2011
Police said there was no evidence to suggest Joel Cauchi was 'driven by any particular motivation, ideology or otherwise'
