Wednesday, May 2, 2012

Pakistani Budget 2012 - 2013 News



Pakistani Budget 2012 - 2013

Now a days Federal Budget of Pakistan for fiscal year 2012 - 2013 is being proposed which will be announced in May June. This is the 5th budget of present PPP government. 2012 is an election year, the PPP government is seriously contemplating to give special pay incentives to the government servants in the upcoming budget to win masses support for PPP ahead of elections. 

Everybody, rather he is a businessman or government employee, is interested in this budget. Government servants are those who always wait eagrly for buget every year because generally their salaries are only source of income for them. So they have big hopes from this budget too.

Update: Budget 2012-2013 will be presented in National Assembly on 1 June, 2012.

There are many news and gossips are around about this budget. Somebody says that this is the proposal while other says that followings are being considered and all these have their own resources.

Though the truth is that we have not a reliable source which can share some secrets with surety about this upcoming budget with us but even that we have some very important news to share with you. These news are being propogated by many media personnel so may be these have some truth in  them.

2012-2013 Budget Expectations

According to news, some of the highlights of proposed budget for 2012~2013 are:
  • Adhoc Relief Allowance 2010 will be merged in Basic Pay.
  • An increase of 35% is proposed in salaries
  • A unified pay scale for all departments, ministeries and commissions is also proposed for all federal government employees instead of existing various different type of pay scales. 
  • House Rent will be increased to 50% of basic pay
  • Minimum pay for government employees will be Rs. 9,600
  • Conveyance Allowance will also be increased, different for different pay slabs
  • Salaries of armed forces will also be increased this year
  • No new tax will be imposed and no existing tax will be increased


Government servants want a handsome increase in their salaries so they can meet expanding expenditures due to inflation.

Budget 2012 News

PakistanHotline.com team will do every possible effort to keep you updated about budget news so bookmark this website and keep visiting to get latest information.

4 comments:

  1. Govt Must provide 100% jobs according to fairly basis in every field with secured assurance of job

    ReplyDelete
  2. if this government changes the income tax slabs and by this way people have to pay more taxes from there income then definitely this would be the worst budget of pakistan which would be announced by this PPP government. In pakistan tax slabs should not be changed because this never suits our people incomes. If this govt do this then they will definitely loss the next election

    ReplyDelete
    Replies
    1. I fully support your point of view on tax slabs & its impact on tax payer's take home income & subsequent implications for PPP government in the coming elections. What I do not accept, as a tax payer of this country, is the "dishonesty" with which the facts are "twisted" & how the tax payer is "deceived". In simple words, if government has to increase the tax then it should say so& provide logical justification for doing so. It should not create confusion by stating "there will be no increase in the taxes, only the tax slabs have been reduced from 17 to 5/6". I also want to know as to what has been done to broaden the tax net in percentage & how this issue will be tackled in the new budget. I was extremely disappointed to learn from "Khari Bat" of Luqman Mubashir yesterday that the GDP growth rate was much higher during the Musharaf & Zia regimes (around 5.7/8 %) & has gone drastically down to the so called democratic government of PPP (around 2/3. something). I strongly urge the tax payers of Pakistan to strengthen their collective voice & action against this deteriorating national situation by leading the tax reforms, dialogue & ensuring the proper utilization of tax. In order to save our tomorrow, We will have to act today.

      Delete
  3. By the way we have are paying tax from our salary,what benefit govt. give us againts the taxes.

    For every purcahse we have to pay tax however it already deduct from our salaries.

    ReplyDelete

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