Balanced budget; People are happy, Prime Minister Shahbaz Sharif is satisfied.

Overall, people are happy with the best balanced budget in history, Prime Minister Shehbaz Sharif seems to be satisfied.
No doubt, this is one of the best balanced budgets in the history of Pakistan. And in this regard, the entire finance team deserves praise.
This budget will also have an impact on the upcoming election because now every Pakistani knows who is better for Pakistani politics. Keeping in view the inflation, the salaries of the government employees and relief to the pensioners have been given. Considering the inflation, the minimum wage has been increased to 32 thousand rupees, without any new tax in the budget, a more balanced budget was not possible within the current constraints. The coalition government has prioritized the right sectors that can accelerate economic growth, also those sectors that can attract investment and make the economy self-sustaining. The media should highlight the positive efforts of the coalition government.

In this regard, the Prime Minister is right to say that due to the challenges of flood relief and rehabilitation, making the next budget was a particularly difficult task.
After the announcement of the federal budget, Prime Minister Shehbaz Sharif said that it was difficult to make the budget due to the obstacles in the global supply chain and challenges arising from geo-strategic changes.

The Prime Minister says that the political instability created by Imran Niazi has damaged the economy.
This budget represents the beginning of fixing the long-term ills of the economy. The coalition government has prioritized the right sectors that can accelerate economic growth, attract investment and make the economy self-sustaining.

Prime Minister Shahbaz Sharif has said that considering the inflation, he has given salaries to government employees and relief to pensioners. The minimum wage has been raised to Rs 32,000 to keep inflation in mind, without any new taxes a more balanced budget was not possible within the current constraints.

The Prime Minister said that I acknowledge all those people, the entire finance team who were part of this exercise and played a role in budgeting, the economy is in dire need of reforms which can be done in a stable political environment. Charter economy seems to be the only way for political parties to achieve prosperity of the people.

Prime Minister Shehbaz Sharif has said that despite fulfilling all the conditions of the IMF, if there is a delay in the agreement, he will make a strategy on it.
He said that big announcements have been made in the federal budget of the next financial year, special measures are being taken for agriculture including scholarships and jobs for the youth.

The Prime Minister said that special attention was given to the poor in this budget, when we assumed power in April 2022, there was a peak of inflation in the world. Put on

Prime Minister Shehbaz Sharif said that the previous government broke the agreement with the IMF, when gas prices were at their lowest in Covid-19, the then government did not pay attention to it, it spent its energies only on how Sharif The family has to be sent to jail, if they had spent even half of their time on the betterment of the nation instead of wasting time on it, this situation would not have happened today.
The Prime Minister said that in spite of these most difficult conditions, the salaries of government employees have been increased to deal with inflation. We realize that the poor are in trouble at this time. 30 percent in the salary of the officers and 17.5 percent in the pension, under the leadership of Nawaz Sharif worked day and night on this budget, the coalition parties contributed their full share in it.
The Prime Minister said that there is no obstacle in the 9th review with the IMF, we have fulfilled all the conditions so that the remaining installments will be received, I myself spoke to the head of the IMF. An agreement will be reached, but if there is a delay, they will make a strategy on it, take the nation into confidence and move forward.
He said that economic stability is not possible without political stability, under the leadership of Nawaz Sharif we will bring political stability together and there will be a long journey of development and prosperity and we will continue the journey of public service.
It should be remembered that Prime Minister Shehbaz Sharif has praised the economic team for giving special attention to the poor in the budget. The economic team led by Finance Minister Ishaq Dar had a meeting with Prime Minister Shehbaz Sharif. Ghous Pasha, Special Assistants Tariq Bajwa, Tariq Pasha and officials of the Ministry of Finance attended.
The Prime Minister said that he is aware of the difficulties faced by the people, it is estimated that inflation has increased the difficulties of the common man, the focus is on solving public problems. He appreciated the efforts of the economic team for the stability of the country’s economy and said that Extension of the interest-free loan program for farmers, the government will also reward the farmers who get more production per acre.
He says that despite these most difficult conditions, the salaries of government employees have been increased to deal with inflation. We realize that the poor are in trouble at the moment. 30 percent in the salary of the officers and 17.5 percent in the pension, worked day and night on this budget under the leadership of Nawaz Sharif, the coalition parties contributed their full share in it.The reaction of the businessmen on the budget of the next financial year is being seen. Zubair Motiwala of the businessman group called the budget a good one in difficult circumstances.

President of Lahore Chamber Kashif Anwar also termed the budget as a good one in difficult times and said that most of the focus has been on agriculture and IT sector.

Meanwhile, Federal Finance Minister Ishaq Dar says that the concerns of the business class will be removed before finalizing the budget.
Finance Minister Ishaq Dar said that a committee is being formed to deal with the proposals after the budget, the wheel of the country will run by taking the private public sector, the collection of FBR is 12,163 billion rupees, health, education social in SDP. A budget has been kept for the sector and transport.
Ishaq Dar said that the development budget of the provinces is 1559 billion rupees, the federal development budget is 1150 billion rupees, if PSDP is implemented transparently, the system will improve. Big money will also be spent, the budget targets will be achieved, if there is growth, the wheel of the country will run correctly, the growth rate for the next financial year has been set at 3.5%, the inflation target is 21%, the ratio of taxes to GDP is 8.7 is the percentage.
The finance minister said that we have made this budget out of tradition, if there is growth then the country will develop, we have given special attention to agriculture, the agricultural sector gives the most and the fastest benefit, we will try our best to bring back growth. to move towards, to put the country on development again, if the development budget is properly implemented, the target of growth rate will be achieved, the IMF believes that the growth rate can be 4 percent, interest payments on loans are all is a big burden, in 4 years the debt has also doubled and the interest rate has also increased to 21%, if the growth rate improves, employment opportunities will be created.
He said that Pakistan is a nuclear power, now it has to become an economic power, according to me, economic stability has been achieved, now we have to go towards increasing the growth rate, 2250 billion rupees have been kept for agricultural loans, 50 thousand tube wells have been solarized. will shift to energy, abolishing duty on import of seeds, will bring agricultural revolution in the country. The finance minister said that a scheme is being prepared for SMEs on the direction of the prime minister, business and agriculture loans. Money has been allocated for, Special Economic Zones for the IT sector will be completed soon, food security will be increased by measures to increase the production of agriculture, cheap loans will be provided to agro-agricultural SMEs, after the Prime Minister’s Kisan package, wheat A significant difference in production was seen, it is necessary to shift agricultural tube wells to solar, 30 billion rupees have been set aside to solarize 50 thousand tube wells.
Ishaq Dar said that steps have been taken to make solar power cheaper, 35 billion rupees have been allocated in the budget for subsidy on flour and ghee pulses, the facility of subsidy on flour and ghee pulses will be at utility stores.
Steps are being taken to increase local production of Urea Fertilizer, concessions for former FATA and PATA have been extended by one year, petroleum levy will generate Rs 869 billion, FBR’s tax target will also be achieved, inflation 1800 billion rupees will be obtained from inflation and growth rate, new tax measures of only 200 billion rupees have been taken, petroleum levy has not been increased from 50 rupees per liter, 450 billion rupees have been earmarked for Benazir Income Support Program. The Finance Minister said that 35% ad hoc relief has been given to employees of grades 1 to 16, 30% ad hoc relief has been given to those above grade 17, the minimum salary in the federal capital has been increased to Rs 32,000, widows. The government will pay the debt of the House Building Finance Corporation, the previous government abolished the 0.6% tax on cash withdrawals up to 50,000 which should not have been abolished, sales tax exemption of 24,000 dollars has been given to IT exporters annually, 50,000 annually. Privileges will be given to overseas Pakistanis who send thousand dollars, diamond cards will be issued for them. Ishaq Dar said that a total subsidy of 1074 billion rupees has been kept in the budget, of which 900 billion rupees are only for the power sector. The major issues in the discussion with MF were subsidy, the talk of removing sales tax on edible oil import is not correct, if there is a windfall profit in the industry, why is it taxed, the super tax was also brought after thinking. It has been agreed with Azad Kashmir government on electricity subsidy, Sharia-compliant savings scheme on national savings will be implemented from July 1, tax target of 9200 billion rupees has been set by calculation, increasing tax will not increase inflation, Federal Finance Minister Ishaq DAR has presented a budget of Rs 145 trillion for the financial year 2023-24, which includes proposals to abolish the two percent property tax on overseas Pakistanis who buy immovable property and issue diamond cards to them. The existing final 2% tax on purchase of immovable property by overseas Pakistanis through remittances is being abolished.

He said that a new category of ‘Diamond’ is being issued in the remittance card category, which will be issued to those who send remittances of more than 50 thousand dollars annually. It should be clear that Pakistan’s middle class and upper middle class. A substantial number of them live abroad and many of them support their families here.