- CM Hamza Shahbaz will be convening an important meeting.
- Meeting will analyse budget proposals and new development projects under the ADP.
- CM will review the budget for the new financial year and ADP.
Chief Minister Hamza Shahbaz on Saturday will be convening an important meeting to review the budget for the new financial year and the Annual Development Program (ADP).
The meeting will analyse budget proposals and new development projects under the ADP. The Provincial Ministers Sardar Owais Leghari, Malik Mohammad Ahmad Khan, Attaullah Tarar, MPA Zeeshan Rafique, Principal Secretary to Chief Minister, Chairman P&D, Secretary Finance and senior officials will attend the meeting.
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Previously, Finance Minister Miftah Ismail on Friday unveiled an annual budget worth Rs 9.5 trillion for the financial year 2022-23 in the National Assembly.
In absence of the opposition members of the Pakistan Tehreek e Insaf (PTI), the budget speech began without much commotion in comparison with the last few budget presentations.
He said the previous government’s amateur team brought the country to the brink of default. He said their policies damaged investment sentiment. So, the government had to adopt unpopular decisions to fix the economy, he maintained. The former government did not build even a single economic zone, he said. Imran Khan only wasted four years of people.
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He added that the government has raised the tax bracket for small businessmen from Rs0.4 million to Rs0.6 million. The taxable income limit on the salaried class has been increased from Rs0.6 million to Rs 1.2 million. A rise of 15 percent has been given to the government servants, along with the merger of the adhoc allowances. Rs525 billion will be spent on pensions a year.
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