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The Pakistan federal budget of 2009–2010 has been prepared in accordance with the budgeting and accounting classification system that has been approved by the Government of Pakistan as an integral part of the New Accounting Model. This is the first year the federal budget is being prepared using the newly adopted Medium-Term budgetary ...
No taxes for government employes making less than Rs100,000 per month; Families with incomes less than Rs40,000 to be disbursed Rs2,000; Households using less than 200 units of electricity offered loans in instalments to buy solar panels; Bloomberg News reported the following budget measures: [5] Pakistan primary surplus target of 0.2% of GDP
The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. [1] Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalances. [2]
In economics, a tariff-rate quota (TRQ) (also called a tariff quota) is a two-tiered tariff system that combines import quotas and tariffs to regulate import products. A TRQ allows a lower tariff rate on imports of a given product within a specified quantity and requires a higher tariff rate on imports exceeding that quantity. [ 1 ]
This is a list of Pakistani administrative units by their gross state product (GSP) (the value of the total economy, and goods and services produced in the respective administrative unit) in nominal terms. GSP is the unit-level counterpart of the national gross domestic product (GDP), the most comprehensive measure of a country's economic activity.
The majority of government departments and organizations adhere to the BPS System. Examples of other pay systems in Pakistan include the Special Pay Scale (SPS) and army scales, while private organizations, companies, and industries are free to devise their own pay structures, subject to the government setting a minimum salary for private ...
The corporate income tax rate was 29% for tax year 2019 and onwards, whereas the corporate tax rate is 35% for the banking industry for TY 2019. Alternative Corporate Tax (ACT) in Pakistan applies to all corporate entities and is the higher of 17% of accounting income or the corporate tax liability under the Income Tax Ordinance 2001, including ...
[2] Rs. 1289 (US$4.50) billion for defense, Rs. 83.3 (29¢ US) billion for education (7.9 per cent from higher than the last budget), Rs. 70 (24¢ US) billion were allocated for preventing coronavirus, Rs. 80 (28¢ US) billion for special economic zones. No new taxes were introduced in the budget. [2]