Salient features of Budget 2015-16

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ISLAMABAD: Following are the highlights of the Federal Budget 2015-16, presented by Finance Minister Ishaq Dar in the National Assembly on Friday.
Salient Features
Per Capita Income increased by 9.3% to $1512 from $1384
Inflation down at 4.6%; lowest in 11 years
Fiscal Deficit for 2015-16 to be limited to 4.3% "InshAllah"
Policy Rate of State Bank of Pakistan cut to 7%
Exports declined by 3.2% to $ 20.18 billion from $ 20.83bn (2014-15)
Imports declined by 1.61% from $34.65bn to $34.09bn
Forex Reserves touch $12bn, up from $7.7bn in Feb 2014
KSE Index goes up by 70% to 34,000 from 19,916 in May 2003
4100 new companies registered, up by 11.9% from 3664 in 2013
Work on 7000 MW new power projects underway, 3600 MW from LNG and by 2017 would increase to 10,600MW
Investment to GDP Ratio goes up in current year to 13.5%, target for 2015-16 is 16.5%
Public Debt Management limited to 62.9% this years and in next 3 years will be brought to 60%
BISP scope to be increased to support 5 million families, budget to be enhanced to Rs102bn from Rs97bn
Budget for Pakistan Baitul Maal to be doubled to Rs4bn
500 universal e-telecentres to be set up at the cost of Rs12bn to encourage e-agriculture, e-commerce, e-learning
Remaining areas of country to be linked with fibre optic cable at the cost of Rs2.8bn in consultation with provincial governments
Rural areas to be linked with communication network at the cost of Rs3.6bn
International call rates to be rationalized, grey traffic to be cut by increasing legal traffic from Rs367mn to Rs1.1bn per month
Information and Communication Technology Scholarships to continue next year
Rs 248 bln allocated for Power Sector as compared to Rs 200 bln last year that includes: Rs52bn for Dasu Hydropower Project, Rs21bn for acquisition of land for Diamer-Bhasha Dam, Rs11bn for Neelum Jhelum, Rs11 for Tarbela IV and Rs5bn for Guddu 
Rs185bn allocated for roads, bridges; an increase of 65% from Rs112bn
For Karachi-Lahore motorway Rs120bn allocated for Lahore-Abdul Hakeem Section, Rs61bn for Multan-Sukkur and Rs10.5bn for Sukkur- Hyderabad
Rs16bn earmarked for Bus Transit System in Karachi to carry 0.3mn people daily
Rs78bn allocated for Railways; Rs41bn for 52 schemes and Rs37bn for salaries
Rail Track dualisation from Khanewal-Raiwind, Shahdara- Lalamusa to be completed in 2015-16
159 dilapidated rail bridges to be upgraded by June 2017
170 new railway engines to be purchased, 100 reconditioned
1500 new passenger bogies to be added
Central Contral Centre for Railways to be set up
Rs71.5bn allocated for HEC, including Rs20.5bn for 143 projects and Rs51bn for ongoing expenses, an increase of 14%

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