Explanation

Know about Federal Budget 2023-24

Presenter: Ishaq Dar (9 June 2023)

Total outlay: Rs14.46 trillion 

New taxes imposed: Zero percent

Minimum wage: Rs32,000

Govt.  employees’ wages from Grades 1-16: 35%

Wages of govt employees from Grades 17-22: 30%

FBR Tax collection target: Rs9,200bn

increase in the pension of government employees: 17.5%

Old-Age Benefits Institution (EOBI) pension: Rs10,000 (previous was 85,000)

Budget of BISP: Rs 400 billion (previous was Rs360 billion)

K4 Greater Water Supply Scheme Karachi: Rs 17.5 billion

Dasu Hydropower Project: Rs58.59 billion

Jamshoro power station: Rs. 12 billion

Mohmand Dam: 10 billion

Dia Mir Bhasha Dam: Rs20 billion

Public Sector Development Programme: Rs1150 billion

Exports target: 30 billion USD

Remittance target: USD 33 billion

Subsidies: Rs1.074 trillion

Transport and communications projects: Rs267 billion

water sector: Rs100 billion

Former FATA: 57 billion

Kashmir: Rs32 billion

Gilgit-Baltistan: Rs28 billion

Education: Rs82 billion

Health: Rs26 billion

growth target of 3.5%

Defence affairs: Rs 1,809.5 billion )(1.8 trillion) 

Inflation forecasted to average at 21%

Laptops for students: Rs10 billion (100,000 laptops)