Give Your Comments on Budget 2010-2011

Federal Government of Pakistan has announced its budget for fiscal year 2010~2011 on Saturday 05 June, 2010. Finance Minister Dr. Abdul Hafeez Shaikh presented the budget in the parliament. It is being said that it is a balanced budget in which the government tried its best to give relief and incentives to the working class. While another school of thought said that it is not more than a number game.

Government has increased the pay of government servants by 50 percent of their basic pay as Adhoc Relief Allowance. While Medical Allowance of the employees of scale 1~15 have been doubled and the Medical Allowance of employees of scale 17~22 have been increased by 15% of their basic. So the actual increment is about 60 to 65 percent of the basic pay of all federal government employees. A piece of interestingly good news is that cabinet members' pay has been cut down by 10%. The minimum pay has been increased from 6000 to 7000. And minimum annual income for income tax has been set at Rs. 300,000.

But there are also fewer flaws in the budget. Although the Government has increased the pay why didn't they fully accepted the recommendations of Pay and Pension Committee. Tax on some electric gadgets has been increased.

Write Your Comments on the Budget 2010~2011
What are your views and reviews about budget 2010~2011. Did it fulfill your wishes and desires or not? Write your comments in the Comments Form below.

1 Comments

  1. Pakistan what a beautiful name but unfortunately this name has bad reputation all over the world for some reasons really shame for us as a Pakistani...

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