Finance Minister Ishaq Dar on Friday unveiled a Rs14.46 trillion budget for the fiscal year 2023-24 with "no new taxes" and aiming to grow at a cautious rate of 3.5%.
However, the federal government also took some relief measures in the budget as the nation suffers from back-breaking inflation.
Areas of interventions | Allocation in Rs billions |
PM initiative for solar tubewells | Rs30 billion |
PM youth program for small loans | Rs10 billion |
Pakistan endowment fund for education | Rs5 billion |
PM initiative for IT startups and venture capital | Rs5 billion |
PM initiatives for women empowerment | Rs5 billion |
PM laptop scheme | Rs10 billion |
PM green revolution | Rs5 billion |
PM youth skill development | Rs5 billion |
Other initiatives (sports and hepatitis C control program) | Rs5 billion |
Total | Rs80 billion |
The federal cabinet increased the salaries of government employees up to 35%.
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Govt intends to increase country's tax-to-GDP ratio from 9-10% to 13.5%, says FinMin Muhammad Aurangzeb
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