BY:-MUHAMMAD AMEEN ASIF
Main points of budget presented by Federal Finance Minister of Pakistan Abdul Hafeez Shiekh on 1st june 2012.
MAIN POINTS OF BUDGET 2012-13 ARE :-
1-Estimated Amount Rs. 2960 Billion
2- Estimated Deficit of Budget Rs.1184 Billion ( 5 %)
3-Consolidated Savings Rs 3203 billion ( Rs 2960 For Federal Govt.)
4-Increase in Salaries and Pension of govt. Servants 20 %
5-Annual Exemption from income Tax increased from 3 Lakh to 5 lakh
5-GST on all Goods 16%
6-Tax on Purchase of Shares 0.1 %
