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Tag: MAJOR POINTS OF BUDGET 2014-2015

MAJOR POINTS OF BUDGET 2014-2015, ALL IMPORTANT POINTS ABOUT BUDGET 2014 2015

MAJOR POINTS OF BUDGET 2014-2015, ALL IMPORTANT POINTS ABOUT BUDGET 2014 2015

Finance Minister Ishaq Dar presenting the budget 2014-15 in the National Assembly

  • Our destination is far, will have to move gradually and with stability: Ishaq Dar
  • Revenue collection is estimated at Rs3.943 trillion for FY 2014-15, 10up compared to FY 2013-14. 
  • The incumbent government saved the fast declining foreign reserves: Dar 
  • We will achieve target of $ 15 billion forex reserve in July 
  • Economy grown by 4.14 per cent: Dar 
  • Current inflation rate is 8.6 per cent as compared to more than 12 per cent in the tenure of previous govt: Ishaq Dar 
  • PML-N govt achieved economic targets which could not be achieved in past 7 years: Dar
  • Total expenditure for fiscal year 2014-15 is estimated at Rs3,937 billion 
  • During past 8 months, either prices reduced or maintained: Dar 
  • Added 1700MW electricity in the national grid: Dar 
  • Fiscal deficit would be brought at 4 pc till 2015-16: Dar 
  • Received $1.4 billion loan from International Organizations for energy sector: Dar 
  • Rs118 billion has been allocated for Benazir Income Support Programme: Dar 
  • The monthly stipend for Benazir Income Support Programme has been raised by Rs300 to 1500 per month. 
  • Rs15bn earmarked for the construction of Diamer-Basha dam: Dar 
  • Rs30 billion allocated for Karachi-Lahore Motorway 
  • Public Sector Development Programme (PSDP) is being increased to Rs525 billion. 
  • Rs26.8 billion allocated for Health sector 
  • Rs20 billion allocated for Higher Education Commission projects 
  • Funds have been allocated for Karachi Circular Railway 
  • 500 locomotives will be added to Pakistan Railways 
  • Rs77 billion has been earmarked for uplift schemes, salaries and pension in railway sector. 
  • Government has decided to set up Pakistan Land Development Authority Board.
  • Credit availability to agriculture sector to be increased from Rs.380 billion to Rs.500 billion.
  • Federal government is working with provinces for eradication of polio
  • The federation would have Rs2225 billion in its hands after providing funds to provinces
  • The government is allocating Rs205 billion for investment in various power projects to overcome the energy crises
  • Through the auction of 3G and 4G technologies as many as 900,000 people will get employment opportunities.
  • Tax collection increased by 16.4 per cent during the current fiscal year.
  • The federal government is introducing health insurance in collaboration with provinces.
  • The Minister proposed to raise the salaries of government employees by 10 percent and the minimum monthly wage to Rs11,000 from Rs10,000.
  • The Minimum pension is being raised from Rs5000 to Rs6000

MAJOR POINTS OF BUDGET 2014-2015, ALL IMPORTANT POINTS ABOUT BUDGET 2014 2015

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