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What is 2016 Pakistan Budget Overview and Impacts about?

The budget aims to revive the agriculture and exports sectors and support growth. It increases the total outlay to Rs4.895 trillion with a GDP growth target of 5.7% for FY17. The fiscal deficit target is reduced to 3.8% for FY17 to be financed through higher internal resources. Tax measures include reducing the corporate tax rate to 31% and increasing capital gains and dividend taxes for non-filers. Sectors like automobiles, food producers, and textiles may face some cost pressures while insurance gets tax

Author

Asad Muhammad

Language

EN