Prime Minister Shehbaz Sharif has congratulated the Finance Minister and his entire team on the presentation of a balanced, progressive and pro people budget.
In a series of tweets on Friday, he said making a budget in financially challenging times with so many constraints is no less than a herculean task.
Shehbaz Sharif said the government has increased funding for Benazir Income Support Program. Benazir scholarship program has been extended to ten million students.
He said zero tax has been announced for import of agricultural machinery and implants. This major step will enable our farmers and agriculture to progress. He said government has reduced tax on import and distribution of solar panels to zero.
Shehbaz Sharif said government has decided to tax non-productive assets of the rich including 5% tax on purchase of second property and increase in tax on luxury cars.
He said tax slabs have been revised. Those earning up to 1.2 million rupees annually have been exempted from taxes.
Source: Radio Pakistan