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Pakistan 'pro-growth' budget of Rs8.5 trillion ($55b) for FY2021-22

hydrabadi_arab

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The PTI-led government on Friday unveiled the federal budget for the fiscal year 2021-22 amid opposition protest.
The total size of the budget or the total expenditure budget for the next year is Rs8,487 billion — almost 19 per cent higher than last year's budgeted expenditure of Rs7,136 billion.
For FY22, the government has set the GDP growth target at 4.8 per cent, Finance Minister Shaukat Tarin announced.



PDF of budget in link

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Death Professor

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I heard they removed Withholding tax, if you take your money out of your bank account. Is it true?
They reduced capital gain tax on market from 15% to 12.5%(for filers) don't know whether they changed it for non tax filers. 10% increase increase in salary/pensions.

Don't know how they are going to get more tax, and more people in tax net. Hope they don't frigging put more indirect taxes.
 

FOOLS_NIGHTMARE

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Some key budget features
Are you crediting all of these FUDGED figures to Shaukat tarin who just a few weeks ago was very critical of the previous management of Hafeez Sheikh and his boss!. Or just in three weeks, Pakistans Economy had a Midas Touch and everything is all hunky-dory in the Social media propaganda Lala land. last year and the year before the believers were Celebrating like anything too. It's futile to argue on the net when the mindset is already fixed. Feel for the guys in Pakistan who are on the receiving end.
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Norwegian

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Are you crediting all of these FUDGED figures to Shaukat tarin who just a few weeks ago was very critical of the previous management of Hafeez Sheikh and his boss!.
So you believed him when he was critical and now you don't believe him because he appreciated govt. Bughaz Imran too much?
Are you crediting all of these FUDGED figures to Shaukat tarin who just a few weeks ago was very critical of the previous management of Hafeez Sheikh and his boss!. Or just in three weeks, Pakistans Economy had a Midas Touch and everything is all hunky-dory in the Social media propaganda Lala land. last year and the year before the believers were Celebrating like anything too. It's futile to argue on the net when the mindset is already fixed. Feel for the guys in Pakistan who are on the receiving end.
View attachment 752517
Low inflation during Pmln was due to cheap international oil, overvalued Rupee, unchecked imports, and rampant current account deficit. Of course it all went crashing down after 2018
DA16AC24-7CDC-425F-9939-7BDA98B4DDC3.jpeg
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27DBCBF4-B4E7-4942-A7A0-F96374F1B160.jpeg
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Patriot forever

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Are you crediting all of these FUDGED figures to Shaukat tarin who just a few weeks ago was very critical of the previous management of Hafeez Sheikh and his boss!. Or just in three weeks, Pakistans Economy had a Midas Touch and everything is all hunky-dory in the Social media propaganda Lala land. last year and the year before the believers were Celebrating like anything too. It's futile to argue on the net when the mindset is already fixed. Feel for the guys in Pakistan who are on the receiving end.
View attachment 752517
I will summarize this graph for people who dont understand.

This is classic of boom and bust cycle, ppp inherited a $13b CAD from musharraf last year (correct me if i am wrong with the actual figure) that resulted in devaluation of pkr from 60's to 90-100 unleashing inflation, thankfully in their tenure debt payment was little. Plmn just inherited a 3b CAD deficit which they were so incompetent that to control it inflation reached 8.6%, instead of resolving the u derlying problem and promote productive growth they pegged rupee to dollar at around 100 and flooded the market with cheap imports to counter balance the the sbp printing injection of 7t liquidity against the resulting inflation, leading us to a period of fragile consumption based growth (which as soon as driving artificial support in form of currency manipulation and printed liquidity is removed was bound to collapse) that resulted in historic 19-20b CAD, low reserves and imminent bankrupcy ( due to extremely high maturing principle debt that needed to be rolled overand interest payment in FY19). Thus resulted in even the army chief along with PM to run to every gulf country to ask for financial support and finally to imf. Along with massive devaluation and inflationary storm.
 

Norwegian

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I will summarize this graph for people who dont understand.

This is classic of boom and bust cycle, ppp inherited a $13b CAD from musharraf last year (correct me if i am wrong with the actual figure) that resulted in devaluation of pkr from 60's to 90-100 unleashing inflation, thankfully in their tenure debt payment was little. Plmn just inherited a 3b CAD deficit which they were so incompetent that to control it inflation reached 8.6%, instead of resolving the u derlying problem and promote productive growth they pegged rupee to dollar at around 100 and flooded the market with cheap imports to counter balance the the sbp printing injection of 7t liquidity against the resulting inflation, leading us to a period of fragile consumption based growth (which as soon as driving artificial support in form of currency manipulation and printed liquidity is removed was bound to collapse) that resulted in historic 19-20b CAD, low reserves and imminent bankrupcy ( due to extremely high maturing principle debt that needed to be rolled overand interest payment in FY19). Thus resulted in even the army chief along with PM to run to every gulf country to ask for financial support and finally to imf. Along with massive devaluation and inflationary storm.
This sums it up
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The $55 billion 2021-2022 Federal Budget doesn't appear to have grown much considering 2018-2019 Federal Budget was $51.3 billion.
It wasn't. PKR was way overvalued in 2018
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