Federal Budget 2016 to 2017 Pakistan

Federal Budget 2016 to 2017 Pakistan

The finance ministry has decided to announced budget for the next year 2016-17 on May 27 in the parliament.

According to different media reports, top level of web sites the finance minister will present budget before the federal cabinet on May 27 for approval and the budget will be tabled in the parliament on the same day after its approval by the cabinet. The finance minister has convened meeting of the National Economic Council in the first week of May to set the targets of federal development budget and economic growth. According to the FM, budget strategy paper will be presented in the first week of February for approval.

Finance Minister Mr.Ishaq Dar develop budget for the year of 2016-2017 and discussed decide salary increase, allocate budget utilized in Pakistan steel mill, PIA and all other departments according to current economic situation challenge. The finance budget describe the criteria how much percentage increase the pension of govt retired employee, and tax matter because the now a day’s people are develop our business by illegal way and government decide how to find out those people how have hidden business. To find them govt decide increase in withholding tax on every banking transaction, and all the payment must be made through banking channel which more than Rs 50000. Also discuss in budget about the transportation business which is in boom it decide that the percentage of withholding increase from the previous year for collect much revenue.
Federal Budget 2016 to 2017 of Pakistan discussed mostly on every platform at fbr.gov.pk. The Finance Department of All provinces including Punjab, Sindh, Balochistan, KPK and AJK.

Federal Budget 2016-17 Salary Increase

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