Federal Minister is presenting budget for the fiscal year 2014-2015 worth approximately Rs 3087 billion on Tuesday.
In budget 2014-15 salaries of employees has been increased by 10-15%, Rs 525 billion has been allocated for developmental projects and the Rs. 700 billion has been kept for the defence.
Latest Highlights
7:42pm
Minimum government employees salaries raised from a minimum of Rs 10,000 to Rs 12,000 per month.
The minimum pension has also been raised from Rs 5000 to Rs 6000 per month.
7:40pm
Tax on cigarettes raised, will lead to an increase in price
7:30pm
Federal excise duty will not be imposed on telecom services if respective province tax is imposed.
7:20pm
Tax non Corporate sector reduced by 1%
7:10pm
The tax collection target is increased by 10% and for year 2014 -2015 set target is at 3945 billion.
7:00pm
1 billion rupees will be allocated for Prime Minister s Health Insurance Scheme.
5:59pm
Rs. 500 billion is allocated for agriculture related loans. upto Rs 10 lac will be given to low-income families, state will be the guarantor of 40% of the loan amount.
6:55pm
Livestock insurance will be given to having livestock over 10 animals. Sales tax on tractors will be at 10%
Farmers having 5 acre irrigated and 10 acre rainy lands will be given loans worth Rs 1 lakh.
6:52pm
Trainee in textile sector will be given Rs 8000/month stipend.s
6: 47pm
For health secrtor Rs 26 billion 80 crore have been allocated.
6:42pm
For revival of railway a sum of Rs 77 billion have been allocated.
500 railway engines will be brought to the system in 5 years
6:35pm
World Bank is expected to fund $700 million for Dasu Dam.
6:34pm
Rs. 30 billion have been allocated for Karachi to Lahore motorway.
6:24pm
The allowance under Benazir Income Support Program (BISP) raised to Rs 1500 per month.
53 lakh families reached for financial support.
6:20pm
Conveyance allowance of employees upto 15 grades is raised to 5%
6:18pm
The post of superintendent upgraded from Grade 16 to 17.
6:15pm
9 lakh will gain employment with the introduction of 3G and 4G technologies: Ishaq Dar
Custom duty reduced from 30% to 25%
6:13pm
The rate of economic progress will be 4.14%: Ishaq Dar
6:10pm
Successfully restricted inflation rate to single digit: Budget speech
Privatisation necessary to eliminated poverty: Ishaq Dar
6:03pm
Finance Minister Ishaq Dar says multiple energy projects have begin in the country. Jamshed Dasti tries to protest but is turned down by the speaker.
5:53pm
Minimum salary raised from Rs. 10,000 to Rs. 11,000 per month.
5:39pm
National Assembly s session formally begins with recitation of Quran.
4:15pm
Federal cabinet approves the federal budget 2014-2015.
