Federal Minister Hammad Azhar says no new tax imposed in budget
Presenting the Rs7.6 trillion budget on Friday, the minister said that no new tax has been imposed in the budget. “The government is forcefully countering the social and economic challenges. The current deficit has reduced by 73 percent, while the trade deficit has been reduced to 15 percent from 21 percent,” he said.
The minister said that Rs100 billion had been allocated under the head of the electricity and gas bills. “An amount of Rs20 billion has been allocated by modernizing the pension system,” he added. Hammad Azhar said that Rs55 billion has been allocated for special areas. “An amount of Rs70 billion has been reserved for dams. Pakistan has played an important role for peace efforts in Afghanistan and Rs200 billion has been reserved for the purpose,” he said.
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