ISLAMABAD, (APP): Following are the highlights of the post budget press conference of the Finance Minister Senator Mohammad Ishaq Dar held here Wednesday.
• 90 million people living below poverty line are government’s target.
• Outstanding students and underprivileged are being assisted.
• No one would be allowed to hike the prices in the name of financial bill.
• Artificial price hike to be discouraged.
• Action to be taken against hoarding.
• Budget 2014-15 is poor friendly.
• Baitul Mal and PPAF were our ideas put forth in our previous government.
• Transparency and merit our key policy guidelines.
• Much of the youth loan scheme is for livestock.
• Pakistan has great scope in agriculture sector.
• Over 16 percent increase in tax collections attained.
• Great incentives are being offered in textile and agriculture sectors.
• Six schemes announced for youth by PML-Government.
• For the first time in Pakistan livestock insurance is being introduced.
• All FBR officials are to file tax returns before June 10 with fine.
• SRO culture is being abolished.
• Exceptional benefits to elite are being abolished.
• Total volume of taxes is Rs 231 billion.
• Pakistan cannot progress with just 0.85 million tax payers in a population of 180 million.
• Tax collections are not to be made with harassment.
• Major shopping malls are being brought under tax net.
• Taxes on land deals and first class travelling are adjustable.
• Assistance under Benazir Income Support Programme (BISP)increased
by 50 percent ,total volume of BISP is increased by 200 percent.
• About 0.5 million families will benefit from BISP.
• Government intends to introduce a friendly tax collection environment.
Minimum wages increased from Rs 10,000 to Rs 12,000 per month.
• Minimum pension increased from Rs 3000 to Rs 6000 per month.
• Increase in pension to cost government Rs 42 billion.
• 20 percent medial allowance increased for whose who are drawing Rs 1000
in this regard.
• Fiscal deficit reduced to the tune of 2.4 percent.
• Future of Pakistan economy lies in export promotion.
• EXIM Bank of Pakistan being established for small business finance.
• Budget deficit to be brought down to 4 percent of the GDP in next three years.
• Pakistan Poverty Alleviation Fund (PPAF) is benefiting 3.5 million
• Government will train 0.12 million in textile sector for value addition at a cost of Rs.4.4 billion.
• Trainees in textile will get a stipend of Rs 8000 per month.
• Raise in pension of pensioners under EOBI will decide by its Board of Directors keeping in view of its financial position.
• Minister for Finance will write a letter to EOBI in this regard.
• No increase in monetization of government officers above grade 19.
• The net revenue receipt for 2014-15 have been estimated at Rs.2,225
billion indicating an increase of 16 percent over the budget estimates
• Budget of Rs 21 billion for Prime Minister ‘s Scheme will be allocated
for fiscal year 2014-15.