Last Budget 2017-18: Government employees to get good news..!!
ISLAMABAD: Federal government is planning to give relief to the government employees in the upcoming budget 2017-18.
It has been decided that salaried employees will be given relaxation in 2017-18 budget, as those earning half-million rupees annually will pay taxes instead of those netting Rs 4 lac yearly.
According to Federal Board of Revenue (FBR), 2017-18 budget is being designed to benefit the salaried workers, and this decision has been taken due to the devaluation of rupee.
Media reports suggest that the federal government was considering a 10-15 percent increase in salaries and pensions of government employees. The decision could be taken in the annual budget 2017-18 by merging 50pc ad hoc allowances into the basic pay.
According to the sources, the initial working has started on the directions of Finance Ministry. The recommendation would merge 50pc of the ad hoc allowances into the basic salary and an increment of 10 percent will be given to the government employees. Also, 15 percent increase is expected to be given in pensions.
Other recommendations under consideration were to increase the allowances including medical, housing and others. The decision will be taken in the end of April after the Finance Ministry receives the summary of recommendations.
Federal Budget 2017 to 2018 of Pakistan discussed mostly on every platform at fbr.gov.pk. The Finance Department of All provinces including Punjab, Sindh, Balochistan, Khyber Pakhtunkhwa and AJK (Azad Jammu Kashmir) will also announce the Pakistan Budget 2017-18 from some days distance in the month of starting dates June. The Government Employees Salary Increase and Pay Scale Revised in Budget2017-18 Pakistan is chances to increase 10 to 20 % BPS (Basic Pay Scale) 01 to 22 & Pension of this year budget Punjab signaled by Ministry of Finance Department.
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Federal Budget 2017-18 Salary Increase Pension Chart
Biseworld.com is here with New Federal Budget 2017 to 2018 of Pakistan discussed mostly on every platform at fbr.gov.pk. The Finance Department of All provinces including Punjab, Sindh, Balochistan, Khyber Pakhtunkhwa and AJK (Azad Jammu Kashmir) will also announce the Pakistan Budget 2017-18 from some days distance in the month of starting dates June. The Government Employees Salary Increase and Pay Scale Revised in Budget2017-18 Pakistan is chances to increase 10 to 20 % BPS (Basic Pay Scale) 01 to 22 & Pension of this year budget Punjab signaled by Ministry of Finance Department.
Punjab Federal Budget 2017-18 Pakistan
Federal Budget provide the detail of all incoming revenue and outgoing expenditure at the end of every financial year, financial budget present Finance Minister after discussion with ministries in the financial budget, analyze and collect the all revenue detail and make pre plane about the utilization of the resources which is give better benefits instead of previous year. If the resources are below than the expenditure the government decides how to manage the resources to meet the expenditure like foreign loan from different country.
Finance Minister Ishaq Dar develop budget 2017-2018 and discussed decide salary increase and allocate how much budget utilized in Pakistan steel mill, PIA and all other department according to their need and according to their sources and current economic situation challenge. The finance budget describe the criteria how much percentage increase the pension of the retire employee, and discuss in finance budget about the tax matter because the now a day’s people are develop our business by illegal way and government decide how to find out those people how have hidden business. To find them govt decide increase in withholding tax on every banking transaction, and all the payment must be made through banking channel which more than Rs 50000. Also discuss in budget about the transportation business which is in boom it decide that the percentage of withholding increase from the previous year for collect much revenue.
In the budget much focus on the industry which give much revenue to the government and also increase in the GDP percentage and raise the taxes, and discuss in the budget about the electricity which is the key of Pakistan economy and industry growth for this purpose decide the link with other country to make help to reduce the electricity crises and allocate budget, Also keep in view the government decide to attract the foreign investor to start the business in Pakistan which give the employment opportunities and increase the living standard of the people and increase in GDP. And discusses the agriculture sector which is going to decrease for this purpose govt decide give much benefits to the farmer by increase in the sale price of product and by provide the subsidiary in the fertilizer product and decrease rate import on agriculture machinery.