• GDP growth target set at 3.6pc

• Pension to be increased by 15pc, govt employees’ salaries by 25pc

• Inflation target set at 12pc compared to 21pc last year

• BISP allocation increased from Rs466bn to Rs592bn

• Subsidy allocation of Rs65bn for Utility Stores Corporation, Rs10bn kept for Ramazan package

• Sales tax to increase from 15 to 18pc on tier 1 textile, leather retailers

• Standard tax rate of 18pc on mobile phones; tax on imported phones over $500 to remain 25pc

• Petroleum levy on petrol and diesel increased by Rs20 per litre

• Federal Excise Duty (FED) on cement to increase by Rs1,000 per tonne

• Exemption on customs duties on import of hybrid vehicles, luxury electric vehicles removed

• Concessions on import of solar panels, related raw materials and equipment

Published in Dawn, June 13th, 2024

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