Budget 2017_18 Speech In Urdu Full Download PDF Free
Budget 2017_18 Speech In Urdu Full Download PDF Free
Department: Govt of Pakistan
Dated: 27th May 2017
Published In : Assembly
ISLAMABAD – The federal government has proposed an increase of 10 percent in salaries and pensions of government employee in Budget 2017-18.
On Friday, Federal Finance Minister Ishaq Dar presented the fifth budget of the incumbent PML-N government with total outlay of Rs 4.778 trillion.
For the next fiscal year, Dar announced merger of ad hoc relief of 2010 for Civil Servants in the basic salary and topped it up with a 10 percent ad hoc relief 2017.
He announced exemption of employees up to BPS-5 from the house rent deduction, while an increase of upto 60 percent in daily allowance rate, peon allowance raised from Rs 12,000 to Rs 14,000, payment for burial etc raised from Rs 1600 to Rs 4800 and from Rs 5000 to Rs 15000.
He said the allowances for Pakistan Post employees were also being increased, besides a 50% increase in design allowance.
Ishaq Dar had announced 10 per cent increase in the salaries of federal government employees and pensioners in budget 2016-17.
He had said that 10pc ad-hoc relief allowance on running basic pay will be allowed to all the federal government employees with effect from July 1, 2016.
Similarly, he had announced 10 percent increase in net pension to all pensioners of federal government with effect from July 1. A 25pc raise in net pension to all pensioners of federal government above the age of 85 years will also be in effect from July 1.
Salient features of the budget 2017-18
ISLAMABAD: Following relief measures were announced by Finance Minister Mohammad Ishaq Dar while presenting National Budget for 2017-18 at the parliament house on Friday:
- 10% increase will be given on the pay of all officers and Jawans as special allowance.
- In the budget speech FY 2016-17 three allowances were merged. However, the 2008 adhoc relief allowance to the Army and the 2010 ad hoc relief allowance for the civilians was not merged.A 10% ad hoc relief allowance on the merged salary to all civil and armed forces employees has been proposed.
- 10% increase is also being proposed in pensions
- Up to BPS-5 employees are being exempted from paying house rent charges at the rate of 5%.
- Defense budget has been increased to Rs 920 billion.
- Daily allowance – domestic – is being increased by 60%
- Orderly allowance is being revised from Rs 12,000 to Rs 14,000
- Rate for transportation of dead bodies and local burial are being revised from Rs.1,600 to Rs.4,800 and Rs.5,000 to Rs.15,000 respectively.
- Constant attendant allowance admissible to Armed Forces and CAF is being increased from Rs 3,000 to Rs 7,000.
- Different allowances for offices and sailors of Pakistan Navy are being revised, including hard-lying pay, compensation for batman, uniform allowance and ration allowance.
- Design allowance is being increased by 50%
- For employees of Pakistan Post, certain rates of allowances are being revised
- The Jawans of the Frontier Constabulary are performing their duties all over Pakistan. In order to make their salary structure attractive it has been decided to allow them a Rs 8,000 per month fixed allowance.
One-third of that allowance has been allowed with effect from March 1, 2017; the one-third of it will be allowed from July 1, 2017 and the balance one-third from July 1, 2018
- The above measures are estimated to cost an additional Rs 125 billion. It should be remembered that additional amount in last year’s increase in salary and allowances was Rs 67 billion.
- Minimum wage: On the pattern of increase in the pay of Government employees the minimum wage of labour for their benefit is being increased from Rs 14,000 to Rs 15,000 per month. -APP
Total budget outlay is Rs 4.7 Trillion
Economic targets of FY 2017-18:
(1) Increase in real GDP growth of 6%;
(2) Investment to GDP 17%;
(3) Development budget of Rs.1,001 billion
(4) Inflation below 6%;
(5) Budget deficit at 4.1% of GDP;
(6) Tax to GDP ratio at 13.7%;
(7) Foreign exchange reserves level that can cover a minimum of 4 months of imports;
(8) Net public debt to GDP ratio below 60% of GDP;
(9) Continuation of targeted social interventions.
In order to achieve the above targets, government has defined a strategy which includes the following details:
(1) FBR revenues are targeted to increase by 14% while the Federal expenditures will grow by 11%;
(2) Non-tax receipts of the Federal government are budgeted to increase by 7%.
(3) By keeping the current expenditure under tight control, we will be able to create substantial space for development. Federal PSDP for the next year is budgeted at Rs.1,001 billion. This is 40% higher than revised estimates of Rs.715 billion for the current financial year we add the provincial ADPs the outlay for development of FY 2017-18 would be a whopping Rs.2.1 trillion;
(4) At the same time, current expenditure will be contained below the level of inflation;
(5) New initiatives are being announced for agriculture, financial sector, exports, textile, social sector and employment. This is being done with the aim to boost our economic activity even further. The purpose is to increase job prospects and incomes of the people. I will present these initiatives in a short-while;
(6) Tax incentives are being announced with the aim to give facilitation to the agriculture, SMEs, and IT sectors;
(7) Under the leadership and personal supervision of Prime Minister Nawaz Sharif through Cabinet Committee on Energy, approximately 10,000 MW of electricity will be added to the national grid by summer 2018. This will Inshallah eliminate load shedding;
(8) Investments will be made to speed up the process of development of Gwadar including development of airport, hospital and desalination plant;
(9) Around 5.5 million women-led families in the country who do not have economic means for sustenance will continued to be provided with cash transfer of Rs.19,338 per annum. For this purpose, Rs.121 billion are proposed to be allocated to Benazir Income Support Programme. This allocation has increased to 300% of Rs.40 billion in fiscal year 2012-13. During this period, the number of recipient families have increased from 3.7 million families in 2013 to around 5.5 million. In addition, around 1.3 million primary school children are receiving cash grants;
(10) The state will continue to subsidise bills of the low-income domestic consumers up to 300 units per month in shape of electricity subsidy. For the farmers in Balochistan, the Federal Government will pay a portion of their electricity bills to run agriculture tube wells. The Federal Government’s will continue to provide electricity subsidies on tube-wells in Balochistan. Off-peak rate of Rs.5.35 per unit for agriculture tube-wells will continue in the FY 2017-18. An amount of Rs.118 billion has been proposed in the FY 2017-18 for these measures;
(11) The Prime Minister’s youth schemes which include business loan scheme, interest free loan scheme, training scheme, skill development programme, fee reimbursement, and laptop programme will continue. For this purpose Rs.20 billion is proposed in the fiscal year 2017-18.
Low income groups will be provided loans through micro finance institutions. Rs. 8 Billion provided to establish fund at State Bank of Pakistan.
10 percent increase in pensions of government employees
Minimum wages have been increased from the existing 14000 to fifteen thousand per month.
Custom duty and sales tax on agricultural machinery have been withdrawn
43% increase in commercial lonas for farmers. Rs. 700 bn agriculture loans were discriminated this fiscal year
Economy has reached a mark of 300bn USD – highest in Pakistan history. Foreign Exchange Reserves surged over $21bn
Pakistan Infrstructure Bank to be established for infrstructure projects
Withholding tax to be relaxed on Branchless banking
E-Gateway systems to be established at cost of Rs. 2 Billion
Risk sharing scheme to be initiated for housing sector. Rs. 6 Billion allocated for housing sector
We are going to start ‘Clean Drinking Water For All’ programme with the cost of Rs. 12.5 Billion
Rs. 180 Billion allocated for CPEC and allied projects
Rs. 62 Billion allocated for special zones including AJK and GB. 6.9 Billion allocated for FATA.
Beside increase in basic salary 10% special allowance to be awarded to Pakistan Armed Forces.
Rs. 920 Billion allocated for Defence expenditure
Budget deficit will be reduced to 4.2% of GDP
Withholgin tax on Mobile calls to be reduced to 12.5% from 14%
Rs. 12.5 Billion allocated for ‘Energy For All’ project
Rs. 401 Billion allocated for power sector
Disaster Risk Management Fund to be established with Rs. 12.5 Billion
Long term financing facility on textile reduced to 5%
Brand development fund to initiated
Loans of widows lower than Rs. 500,000 to be paid by government
CDA will announce separate sectors to encourage investors
10% Ad Hoc relief announced for government employees
Taxation in Budget 2017-18
Same tax ratio for Islamic Banking products
Rs. 3,000, 5,000 and 10,000 reduced on 800, 1,000 and 1,300 CC vehicles
No change for non filers in withholding tax
WH Tax to be reduced on daily consumer goods
One year extension in super tax
Dividend rates to be increased to 15% from 12%
I.T soft park to be extablished with cost of Rs. 6 Billion with help of South Korea
New I.T companies to be exumpted from income tax for three years
No sale tax on I.T services in Islamabad and other federal administrated areas
No cancelation of license for Non-Profit Organisation (NPO) if failed to spend 75% of their earning on social work. 10% tax charged on the surplus revenue. NOPs must reduce administrative expenses to 15%
Dividend form Mutual Funds increased from 10% to 12%
Tax ration increased on dividends from 12.5% to 15%
Tax on Machinery of poultry business to be reduced to 7%
Multi-media projectors tax to be reduces
6% sales tax imposed on import of commercial clothing
FED imposed on Cigerates
Sales Tax reduced on Mutlimedia Projectors
Excise duty on Cement sector to be increased per KG
30% tax decreased for coproate sector
Sales Tax on steel sector electricity increased from Rs. 9 to Rs. 10.5
Sales Tax rebate on premixes to discourages stunting
Sales Tax on Poultry machinery reduced from 17% to 7%
Capital Gain Tax to be fixed11% custom duty to be charged for local manufacturers of baby diapers
Salient Features of Public Sector Development Programme 2017-18
- Total Rs. 2.1 trillion allocated for PSDP in Pakistan Budget 2017-18
- Infrastructure sector allocated 67% of total development budget
- Government to get Rs. 163 Billion foreign assistance
- Rs. 1.1 Trillion provided to the provinces
- Rs. 4.3 Billion for aviation division
- Cabinet division Rs. 159 million
- Rs. 5.1888 Billion Allocated for CADD
- Rs. 1.2 Billion For commerce division
- Rs. 13.6 Billion For Communication division
- Rs. 4.4 Billion Allocated for Defence Production
- Rs. 815 for climate change division in PSDP
- Rs. 1200 for commerce
- Rs. 13660 for communication division
- Rs. 535million set aside for defence division
- Establishment division to get 270m in PSDP
- Rs. 26961 earmarked for federal education and professional training division
- Rs. 35662 million for HEC in PSDP
- Human Rights division to get Rs. 306 million
- Rs. 811 million allocated for information and broadcasting division
- Rs. 2737 for Industries and Production division
- Rs. 1538 million for I.T and Telecom division
- Rs. 3044 million for inter provincial coordination division
- Interior Division to get Rs. 15666 million
- Kashmir Affairs, GB division to get 43684 million
- Rs. 183 million for narcotics division
- Law and Justice Rs. 1200 million
- National food security to get 1614 million
- National History and Heritage division to get Rs. 211 million
- PNRA Rs. 321 million
- Rs. 790 million for Revenue Division
- National security division to get 100 million
- Peace 15085 million in PSDP
- Planning division to get 16798 million
- Post shipping 127775 million
- 42900 earmarked for Railway division
- SAFRON division 26900 million
- SUPARCO Rs. 3500 million
- Textile and Industry division Rs. 217 million
- NHA to get Rs. 319720 Million
- Rs. 60909 million allocated for WAPDA
- Rs. 45000 provided for IDPS
- ERRA 7500 million
- Rs. 25 billion for security enhancement of IDPS
- 20 billion for PM Youth programme
Earlier Prime Minister Nawaz Sharif said on Friday that “we are working to introduce governance reforms, which is a long process with opposition from various segments.”
PM Nawaz said while addressing the ruling party’s lawmakers in Islamabad only people will decide “who is working hard and who did not work at all”.
Referring to the allocations for the next financial year in the upcoming budget of 2017-18, PM Nawaz said: “The development budget of Rs1 trillion is unprecedented in the history of Pakistan.”