It is high time Pakistan moved towards contributory schemes to control ever-growing pension bill.
Heated exchanges witnessed as treasury benches criticised for not prioritising region’s issues Rs28.45bn allocated for development.
Enter your monthly salary and find out how much will be deducted as income tax.
The PML-N ticket aspirants are looking towards their leadership to give them something to sell to their constituents.
Mass regularisation of employees due to Fata-KP merger and payments to project employees has resulted into massive wage spending.
Paltry amounts allocated to increase employment and improve health and education sector that were affected by last year’s floods.
Finance Bill imposing Rs215bn more taxes approved; Asif urges NA not to pass bill seeking perks for senators.
Finance Minister Ishaq Dar defends move to implement reforms in pensions scheme.
Of new taxes, Rs70bn to come from fertiliser duty; Rs45bn from hike in tax on buying, selling property.
Says budget lacks any initiative to attract investment, broaden tax net, create jobs; anomalies remain unresolved.
Finance minister says high-profile people in country currently receiving multiple pensions.
The federal government will raise a further Rs215 billion in new tax and cut Rs85bn in spending for the fiscal year starting next month.
Call retrospective increase in super tax rate from 4pc to 10pc “inequitable and unfair”, take exception to proposed immunity on foreign remittances.
All 140 cut motions moved by opposition rejected; Murad says budget deficit increased to Rs42.2bn from Rs37.7bn; Centre to give Rs27bn for flood victims.
Finance dept tells cabinet that salary bill up by 541pc, pension’s by 951pc since 2011-12.
No funding for new projects; govt employees to get 30 to 35pc pay raise.
Approves 30pc increase in salaries of government employees under the head of ad hoc relief.
Further drying up of forex reserves will only push the country closer to the possibility of a sovereign loan default.
Murad Ali Shah did not even attempt to broaden the provincial tax net.
Province spent Rs2.6tr in five years only on salaries of govt employees, Sindh Assembly told.
FPCCI president says that the most important anomalies are related to the customs.
“I don’t doubt the premier’s intention,” Bilawal says, adds that members of prime minister's team are "not fulfilling their promises”.
Provincial vice-chairwoman says two actions needed to bring the country out of the crisis are increasing exports and expanding the tax base.
Country may vote in new govt by Nov 10, says Khurram Dastgir.
Outlay expected to be over Rs700bn, with around Rs200bn for uplift schemes.
Finance ministry insists tax exemptions announced in budget are "growth triggers"; Dar says govt tried its best to complete 9th review.
MNAs from Sindh demand "promised" funds for flood-hit areas; complain about ministers' "non-cooperative" attitude.
The criticism wasn’t unexpected as most financial analysts had ruled out the Fund’s approval of the expansionary budget.
Objective of these meetings — announced before the budget was presented — was to increase the authorised capital.
Arif Habib Ltd says investors opted to book profits as their participation remained sideways throughout the session.