cover image: BUDGET 2021-22: - HIGHLIGHTS AND COMMENTARY

20.500.12592/3npt70

BUDGET 2021-22: - HIGHLIGHTS AND COMMENTARY

14 Jun 2021

This has enabled the government to resume the $6bn Extended Fund Facility and completed the second to fifth review under the program with IMF. [...] ● The share of the total taxes in the revenues is around 75 percent. [...] The FBR contributes around 80 percent of the total revenues of the federal government; therefore, any miscalculation or miss targeting can severely cripple the budget, not just of the federal but the provincial governments as well. [...] ● Through the Finance Bill, 2021, the threshold of monthly electricity bill has been reduced from Rs75,000 to Rs25,000 for the purpose of levying withholding tax at the rate of 7.5 percent. [...] ● Sugar included in the third schedule of sales tax act, helping in the elimination of artificial hike in prices of the commodity.

Authors

Naseem Faraz, Mahmood Khalid, Saba Anwar, Shaaf Najib and Hania Afzal

Pages
15
Published in
Pakistan

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