Islamabad: Advisor to the Prime Minister on Finance Dr Hafeez Shaikh has announced that the upcoming budget will be concerned with mitigating the economic impact of the coronavirus pandemic and providing relief to local affectees – a news source reported.
He said that the government intends to offer ‘hope, cash, food, and employment opportunities’ to the individuals affected by the viral spread.
He further detailed the government’s plans for the budget and said that the federal government would present its draft before the parliament in the first week of June. He said that while the government had introduced stringent austerity measures last year, public money, this year, would be spent on reducing the suffering of the people in these troubled times.
He added that the budget would take a balanced approach towards revenue collection and focus on further documentation of economy – but its measures would not be so severe that they start impinging on business activity.
He also stated that the government will finalise policies to promote growth in agriculture, industry and exports after consultation with the provinces. Another major area of focus will be concerned with a reduction in imports and providing incentives to overseas Pakistanis for increased investments.
Asalam o alaikum. I am interested to know as an oversear. What this means in practical terms. We plan to invest in a small property in Bahria Town Lahore. What incentives do we receive in 20/21.
How do the changes and Laws help us and our investment.
We are very mindful and tentative of the level of fraud and corruption.
Very hesitant to take any steps and of loosing out lifelong savings.
bahria town Lahore is collecting possession and utility charges from plot owners in advance apx 45000/marla before 20 may or plots will be canceled or shuffled in other area with 10000 /month fine. Please take note, its not fair and specially in lockdown period we are in constant pressure to pay in advance utility and possession charges.
Asalam o alaikum. I am interested to know as an oversear. What this means in practical terms. We plan to invest in a small property in Bahria Town Lahore. What incentives do we receive in 20/21.
How do the changes and Laws help us and our investment.
We are very mindful and tentative of the level of fraud and corruption.
Very hesitant to take any steps and of loosing out lifelong savings.
bahria town Lahore is collecting possession and utility charges from plot owners in advance apx 45000/marla before 20 may or plots will be canceled or shuffled in other area with 10000 /month fine. Please take note, its not fair and specially in lockdown period we are in constant pressure to pay in advance utility and possession charges.