ISLAMABAD: Economic Survey Report of the current fiscal year will be released on June 4 while federal budget for the financial year 2015-16 will be tabled in the National Assembly on June 5, as per approval of Federal Minister for Finance Ishaq Dar.
Presiding a meeting on the federal budget 2015-16 in Islamabad, Federal Minister of Finance, Senator Ishaq Dar has said that this budget will be in interest of common man. Top priority will be given to common man.
10% increase in salary of government employees
According to sources, government employees are expected to receive increment of ten percent in their basic salaries. However, sources also said that there would be little chances of increment in other allowances.
Finance Minister approved the presentation of the budget 2015-16 in the National Assembly on June 5. Moreover, the Economic Survey Report of the running fiscal year will be released on June 4. The Finance Minister said that recommendations of Tax Reforms Commission will be the part of next budget. Many other initiatives such as: reduction in markup rates of Exports Re-finance Facility (ERF); reduction in markup rates of Long-Term Finance Facility; Sales Tax Refund; formation of telecenters; Reimbursement of Crop Loan Insurance Scheme (CLIS) Premium; formation of Exim Bank; LNG Import; Revival and Restructuring of Housing Building Finance Company Ltd.; and many others will be incorporated in the next budget.