All Stories: next budget

ISLAMABAD: The federal government has initiated preparations to include development projects based on political considerations in the budget, ARY News reported. According to the details,...

Chairman FBR Shabbar Zaidi informed the meeting about progress in the Assets Declaration Scheme recently announced by the government.

CM Buzdar said "More funds will be allocated for the development of the social sector and resources will be utilized for public welfare and the promotion of health and education sectors."

The standard rate of General Sales Tax (GST) recommended to increase from existing 17 percent to 18 percent. The one percent hike in GST will generate additional 40 billion rupees in revenues, sources said.

Sheikh said that economy would be in stabilization mode over next six to twelve months before moving in the phase of recovery and high growth.

“Structure of tax scheme has not been finalised yet,” Asad Umar said.

ISLAMABAD: The federal government has decided to increase defence budget by more than Rs100 billion, hence around Rs900 billion would possibly be allocated for the armed forces in next budget, sources told ARY News on Saturday.