This Year Pakistan Tehreek e Insaf will represent the Federal Govt Budget 2019 under the supervision of Prime Minister Imran Khan. All the people of Pakistan and specially Governement employees are curious to know that what is going to happen this year with their salary. All the govt Employees Can check updates & complete details from official website of www.fbr.gov.pk and can download free pay scale revised & pay Increase in budget 2019.
Budget 2019-20 Govt Employees Salary Increase
Federal Buget is given every year in mid of the calendar and that is for all the provinces ie Punjab, Sindh, Baluchistan, Gilgit Baltistan, Khyber Pakhtunkhwa (KPK), Azad Jammu and Kashmir. So this year 2019 Pakistan’s Finance Minister will announce budget under the Rules of Business 1973. Everyone in country wants to know about government’s next policy about economics in Pakistan because at this time country is facing much inflation and people of Pakistan want PM to control that so they are waiting for Budget 2019-20 and looking for some relief.
A yearly budget in any country is an important event because all the people of country directly affected by this. Either products will gone rise in prices or government decrease the prices of products to give some relief to people. Country’s Finance minister represents the Budget statements and he is also responsible to prepare the budget every year. Pakistan Governement is also going to announce Federal Budget 2019 and it will be a proper budget like always not a mini budget like last year that was represented by PMLN government.
Development tax on Schools, Clinics, Roads etc, Rs 50 billion would be spent for Karachi projects. On CPEC projects will continue any hurdles. Taxes on Income will be applicable Rs 12 Lac to Rs 24 Lac is 5 % fixed tax. Up to Rs 4 Lac is exempt. Maximum tax for non-salaried class is 29 % and max tax for salaried class 25 %. Rs 8 Lac to 12 Lac is Rs two thousands. Such items to become expensive these are 20% duty placed on 1800cc vehicles. Duties on cigarettes tube raised, Duties on 300 luxury items, containing high-end mobile phones, imported food etc.
In Local Budget 2019-20 it is authorized that there will be 10 percent increasing in low-income pensioners it is about 85 % of total pensioners. Subsidies of current budget are 4.5 Rs billion for the construction of 8,276 low-cost labor class houses, For Fata, Islamabad health card declared subsidy of Rs 5 Lac 40 Thousands it will be applicable to per family. Approximate 100 billion to be furnished to the petroleum tax.
The total amount of Federal Budget 2019-20 put forwarded a pay out Rs 7148 core for sector of textile as compare to Rs six thousands core in 2016. Every year budget for the welfare of the country is presented by the current Finance Minister of the country. Mr. Abdul Hafeez Shaikh proposed total expenditure of Budget 2018-19 are of 8.6 trillion it increased of estimate sixteen percent from 2017 budget.
Pak Budget 2019-2020 highlights are as follows by Governement of Pakistan.
- 20 % Loans will be decreased for low income housing.
- Rs 5 Billion would be declared for revolving fund up.
- Tax will be same for expensive phones & low priced phones.
- 5 % at diesel engines for agriculture motives will be decreased.
- Tax increased on vehicles for 1800CC.
- Tax on The agriculture will be diminished to 20 %.
- On mobiles cards about 30 % returned.
There are few types of budgets and their names are as follow.
- Master Budget 2019 in this budget it is made for company’s individuals and designed to show full & complete pictures of financial activity.
- Operating Budget.
- Cash flow Budget.
- Financial Budget.
- static Budget.
Pakistan Government Employees Salary Increase Chart in Budget 2019 for BPS 1 to BPS 22 complete details can be downloaded from here at webstudy.pk and you should bookmark this page to check all universities and colleges admission details, merit lists, results and to download guess papers, model papers & past papers of each class and subject. We hope that Pakistan Budget 2019 may come with some good news for you if you are a govt employee and this is expected that Pakistan govt will increase Pay, salary & Pension in budget 2019-2020.