The PTI-led coalition government in KPK presented its maiden tax-free budget for 2013-14 with a total outlay of Rs344 billion, proposing a levy of one percent on transportation of goods crossing the border. The Minister announced a 15 per cent increase in salary and pension of government employees with an annual impact of Rs12bn, besides increasing minimum pension from Rs3,000 to Rs5,000. The budget proposes to raise the minimum wage in the private sector to Rs10,000 from Rs8,000 per month. The budget estimates general revenue receipts at Rs297.99bn, against Rs245.9bn of the previous financial year. The receipt estimates include the province’s share of Rs198.3bn from the federal taxes, Rs23.8bn on account of its share equivalent to 1 per cent of the federal divisible pool for the war on terror and Rs27.5bn straight transfers, including royalty on oil and gas, gas development surcharge and excise duty on gas.
Posted on: Wed, 19 Jun 2013 04:43:25 +0000
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