FY budget 2016-17: Govt to impose Rs150 billion taxes

16
129

Federal Minister for Finance Ishaq Dar is heading the discussions for drafting proposals for the upcoming budget 2016-17, which is scheduled to be presented in the second week of June.

The government is going to impose new taxes worth Rs 150 billion in the upcoming fiscal budget.

The mini-budget presented on December 1, 2015 will also be merged into the federal budget for the next fiscal year.

Taxes worth Rs 40 billion that were part of the last year’s mini-budget have also been added in the upcoming budget along with additional taxes which are around Rs 26 billion, resulting in the increase in the prices of basic items, including soap, toothpaste, make-up products, cellular phones and eatables.

Sources said that the parliamentary expenses are expected to be increased by Rs 800 million while a 10 per cent to 15 per cent raise in salaries of government employees is also expected.

Furthermore, customs duty will be increased on imported milk, butter, dry milk, imported chicken, fish, tin fruits, olive oil etc. The prices of warm jackets, coats, shoes and bags will also escalate as a result of the increase in the taxes. Additional excise duty will have to be paid on cigarettes as well.

According to a report, the proposals for the budget will be communicated to Prime Minister Nawaz Sharif today (Monday) who is in London for an open heart surgery. The prime minister will give his approval over Skype.

16 COMMENTS

  1. Agr Army ki pay 30% sy kam barhi to yeh General Raheel Sharif ki Pakistan Army k sath gadari ho gi jo log apni janian dy dy k in haram khoron ki hifazat pr mamoor hain our Army Chief bakri ban k khamoosh tamashi bana hwa hy sirf fouj marwany k alawa kia kam kia hy General Raheel ny. sub sy bura future aik fouji (below the rank of commissioned officer) k bachon ka hota hy jin ko na to achi taleem mli hy na hi acha life. APS main na to lower ranks k logon ko admission milta hy na hi married accumodation. agr accumodation mil jay to commanders family man ki zindgi jahanam bana dety hain. agr yehi hal reha to yad rakhna next 5 saal main Army main bagawat ho jaay gi.

    • COAS General Raheel ke respect abI tk k tmaam COAS sy ziada hai. Jis ke sport mai Pakistan ke awaam ho gi uskay khelaaf koi mai ka laal baghawat nhi kr skta. May GOD shower his all blessings on General Raheel. Ameen

  2. Dar sb doing hard on economic front as well some relief to govt employees as well pensioner..like

  3. plz dar shb govt employees salry increase 100%.
    Mehnga,e k is dor mai takha a bht kam hai

  4. Yeh mulk ghreeb ka ni hai or ghreeb ki tazleel mat kro yar, pak main ghreeb aik janwar ki manind hai jo apni zaban khol ni skta
    Gen Rahil Sharif ko ghreeb ki kia perwa hai Subedar ka beta to 100% kr k gia tha us ko ghreeb ka ehsas tha yeh to nishan-e-haider main must hai

  5. as an ordinary pakistani Nationalist i believe, our life can't be prosper & piece-full till our national & provincial and all bureaucrat burnt alive

  6. Mean surf Aetna kahna chahonga k Pakistanion ab to hosh k nakhon lo eae milk janat ka aek tukra hae jis men Allah nae tarha tarha ke naematen atta pharmaen haen lakin yae chor hukumran RAW k agent berone mulk ka alla karon nae is milk ka Sara paesa lot kr mulk ko makroz kar dea has a or is zameen page aognae wale chezon ko ham Pakistani kha the nae sakte sab kuch bahir bhaej detae haen eae chor hukumran think be politely

  7. O Yar Khun mat jalao yeh Pakistan hy. Ajj Dar Sahib ny Mian Sahib sy pooch lia hy keh boti wadi rakhni hy ya choti

  8. Pakistani logo.. ab rotay q ho? jab vote aise logo ko do ge jinho ne life me kbi aata sabzi daal purchase nehi ki, kbi bacho ki fees apne haath se nehi di aur na hi kbi hospital me doctors ki fees di, tau wo tumhari welfare q sochen ge? Natioinal assembly me mojood log achi tara jaante hen k ye wo awaam he jis ko rozana jootian maaro ye tab b bolne wali nai.. Is liay ab bardaasht kro

  9. PUNJABI KI KHWAT Hain ……………….kutti chora nall rali ae
    a2z sb k sb chor hai ……..ap log dkha lena army chif jo humre shareeeeeeeeeeef shab h 1 laf b ni bole ge is mumle m
    im sure 1000%

  10. Pakistan ki awam bht zyada he kis kis ka pet bharen is lye nawaz family or relatives bas in ka pet bharna he.. kehny ya karny wala to koi he nahin.. corruption wo nahin karta jis ko chance nahin milta… baki ham sab allah k fazal se corrupt tareen awam hen… Dar sahb jo hadi phenken chup chap uthalo…

Comments are closed.