Rs.14000 per month pay for workers, 8% sales tax on sugar and 31% corporate tax are laudable interventions in budget. Prices of laptops and computers will decrease in Pakistan.
1. Budget 2016-17
Daily 10 Minutes – 1st
e-paper of Pakistan
14 Interventions Beneficiaries
10% Increase in Pay & Pension Government Employees (Police)
Rs.14000 per month Minimum Pay Workers all across Pakistan
Exemption of Sales Tax on Import
of PCs and Laptops
General public and small offices
Rs.115 Billion for Benazir Income
Support Program
Poor Families (About 5.3 million
people)
Increase in Sales Tax on Import of
Mobile Phones
Local cell phone makers
31% Corporate Tax Big Businesses
Exemption of Sales Tax on
Pesticides
Fertilizer Companies and Farmers
8% Sales Tax on Sugar General public
2. Budget 2016-17
14 Interventions Beneficiaries
Rs.21 Billion for higher education Teachers, researchers and
universities
2% Customs Duty on Diary,
Poultry and Livestock
General public and businesses
Rs.1.3 Billion for security of
China-Pak Economic Corridor
General public and businesses
Rs.860 Billion Defense
expenditure
Armed Forces of Pakistan
Tax Holiday Industries in Balochistan
(Gwadar)
Tax Increase on Cigarettes Families of Smokers
Daily 10 Minutes – 1st
e-paper of Pakistan