Pakistan Budget 2012-13 main points and figures

Pakistan Budget 2012-13 main points and figures

Islamabad : Pakistan | Jun 02, 2012 at 12:31 AM PDT
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Following are the main points of Budget 2012-13 main points and figures of Pakistan presented in national assembly today by dr hafiz sheikh . Budget 2012 main points and figures are presented here in lay man language .

• federal government employs salaries increase by 20%

• 16 % GST to be imposed on all products

• inflation target of 9.5 per cent

• fiscal deficit of 4.7 per cent

• national development outlay of Rs 873 billion

• Public Sector Development Program (PSDP) of Rs 360 billion

• revenue target of Rs 2504 billion.

• Duty on raw material for 88 medicines has been reduced from 10 to 5 per cent

• sales tax on imports have been standardized at 16 per cent from 22 per cent to 19.5 per cent

• minimum tax slab has been increased to Rs 400,000

• GDP growth of 3.7 per cent in the outgoing fiscal year (2011-12)

iqbal_imran is based in Khushāb, Punjab, Pakistan, and is a Stringer on Allvoices.
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