Pakistan Unveils Rs18.8 Trillion Budget, Targeting 4% GDP Growth
Salient Features • GDP growth target set at 4pc ; average inflation projected at 8.2pc • Income tax cut for those earning above Rs183,000 per month • Withholding tax on foreign debit/credit card transactions slashed from 5pc to 0.5pc • Taxes on sanitary pads, contraceptives completely withdrawn • Final Tax Regime for IT, freelance exporters extended for three years until FY30 • 7pc raise in salaries and pensions of govt employees; 10pc increase in minimum wage proposed • BISP
Pakistan's government has introduced a budget of Rs18.8 trillion for the fiscal year 2026-27, aiming for a 4% GDP growth and projecting an 8.2% inflation rate. Key proposals include an income tax reduction for individuals earning over Rs183,000 monthly and a significant cut in withholding tax on foreign card transactions from 5% to 0.5%. Taxes on sanitary pads and contraceptives have been entirely removed. The budget also extends the final tax regime for IT and freelance exporters for three years and proposes a 7% salary increase for government employees along with a 10% rise in the minimum wage. The Benazir Income Support Programme (BISP) will see a 17% budget increase, expanding its coverage to 12 million families. A $1 billion initiative for the National Artificial Intelligence Ecosystem Development Programme is also a flagship component.
The budget outlines the government's economic priorities and fiscal strategy, impacting citizens, businesses, and the nation's overall economic trajectory.
📌 Kaynak
Bu özet Dawn (PK) kaynağından otomatik derlenmiştir. Tamamı için orijinal habere gidin.
Orijinal haberi oku →