Dar presents budget in National Assembly

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Finance Minister Ishaq Dar on Wednesday presented Pakistan’s federal budget for the year 2013-14.

The total outlay of the federal budget will be Rs 3.478 trillion, Dar said.

According to details, the Pakistan Muslim League-Nawaz (PML-N) government has decided to increase General Sales Tax (GST) from 16 to 17 percent.

A proposal to increase government employee salaries was shot down by the newly elected government when the proposal was tabled in the cabinet committee. Retired government employees’ pensions will, however, be raised by 10 per cent.

Sources said that the tax revenue target has been pitched at Rs2.75 trillion, including the FBR’s revenue target of Rs2.475 trillion.

The budget which also aims at restricting power sector losses is expected to do so by bringing down subsidies and gradually increasing electricity tariff for all consumers.

5 COMMENTS

  1. The corrupt ministers and beaurocrates of the former government must be arrested and national losses and looted money must and most urgently be recovered

    • No problem, just print money to make up for shortages and some more for the next election.

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