The session saw a face-off between the treasury and opposition members over regional development allocations, water scarcity, sewage infrastructure and public transit.
Thanks to its numerical strength in the house, PPP rejects all cut motions of opposition parties; CM Murad calls budget a document of prudent financial discipline.
Mayor Wahab presents annual financial plan in rare calm session; KMC estimates that it will collect a whopping Rs5.95bn in the head of municipal utility charges tax and advertisement during the next fiscal year.
Under the new budget, local airlines are given sales tax exemption on import or lease of aircraft; no FED on electric cars, SUVs imported in CBU condition with a value not exceeding $75,000.
As KP swings from surplus to deficit, tying part of dealings with Centre to political demands, the document public most wants to examine is hardest to read.
Opposition walks out as Speaker Sadiq responds to Mehmood Khan Achakzai's criticism of him; opposition leader also accuses govt of “clipping the wings” of the judiciary and “trampling the Constitution”.
Disgruntled PTI lawmakers have criticised their own governmentt for deleting developmental projects and allocating meagre funds for uplift schemes in their constituencies.
Tax incentives can improve profitability and encourage investment, but they cannot fully offset structural impediments such as high energy costs, infrastructure gaps and limited development spending.
