Poor people will get Loans up to Rs2 million to build a roof and loans to poor farmers will go up to Rs500,000.
Economy
The expenses planned to be incurred on the armed services constitute 16 per cent of the total outlay of the budget, which is Rs8.48 trillion. Moreover, the allocation is 2.54 per cent of the GDP.
The revenue measures under IT will generate Rs116bn, followed by Rs215bn from ST & FED and Rs53bn from CD measures. The net revenue impact will be Rs264bn after deduction of relief measures.
The government is all set to increase salaries and pension of public sector employees, as 25 percent disparity allowance.
Russia has lifted a ban on import of rice from Pakistan, after verification by the plant quarantine division.
Pakistan’s economic indicators were positive, adding that the country was moving towards economic stability after a long time – Fawad Chaudary.
Unless we move towards a growth target of 5%, 6%, 7% and 8%, the large population of our youth will not get jobs,” Shaukat Tarin said.
“We cannot bring down the prices to their previous place, but we can improve purchasing power of the people so that inflation may not affect them.”