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Sindh CM tables 'tax-free' Rs1.714t budget for FY23

Amid rumpus, Sindh Chief Minister Syed Murad Ali Shah, who also holds the Finance portfolio, presented the budget proposals in the house for FY 2022-23

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Sindh CM tables 'tax-free' Rs1.714t budget for FY23
GNN Media: Representational Photo

Karachi: Sindh Chief Minister Syed Murad Ali Shah, who also holds the Finance portfolio, presented a tax-free Rs1.714 trillion "tax-free" in the house for the fiscal year 2022-23.

During the session witnessed uproar by the opposition benches the provincial minister said the government has added no new taxes in the budget, reducing the rates of existing taxes. 

Shah said this past year witnessed “extraordinary changes” both nationally and globally, with its impact ultimately on the common man.

“Despite that, the Government of Sindh vows to leave no stone unturned to ensure economic and political stability in the province, contributing its shares in the common national effort, which is in line with the vision of the PPP,” CM Shah said.

The chief minister prayed that Pakistan and its democracy be protected from the dangers and challenges that it is facing.

“May democratic forces always rise and shine in this country. May Almighty Allah bestow us with courage and ability to serve the people of our motherland.”

-- Revenue receipts --

The CM said the revenue receipts would include Rs1.055 billion federal transfers, Rs374.5 billion provincial receipts (Rs167.5 billion provincial tax receipts excluding GST on services, Rs180 billion provincial sales tax on services and Rs27 billion provincial non-tax receipts), Rs51.1 billion current capital receipts, Rs105.5 billion other transfers such as foreign project assistance, federal grants and foreign grants and Rs20 billion carry over cash balance and public accounts of the province.

He added the provincial tax collecting organisations would achieve their collection targets such as Sindh Revenue Board (SRB) Rs180 billion, Excise and Taxation Rs1.20 billion and Board of Revenue Rs30 billion.

-- Expenditures --

Regarding the expenditures, CM Sindh said that the current revenue expenditures for the next financial year would be Rs1.19 trillion, current capital expenditures will be around Rs54.48 billion, development portfolio Rs459.65 billion, including Rs332.165 billion provincial ADP, Rs30 billion district ADP, and RS91.467 billion Foreign Assistance Project (FAP) and Rs6.02 billion other federal grants.

According to the CM the provincial government, during the 11 months (July to May) of the outgoing financial year, has received Rs716 billion against a share of Rs732 billion which shows a shortfall of Rs16 billion.

Shah added that his government during the said period received Rs45 billion in straight transfers and in Octroi and Zilla Tax (OZT) by receiving Rs18.9 billion against a share of Rs19.7 billion.

-- ADP --

The Annual Development Programme (ADP) 2022-23 size has been kept at Rs30 billion as was done during the current financial year.

The chief minister disclosed that 4,158 schemes, including 2,506 ongoing and 1,652 new schemes have been given an allocation worth Rs332.165 billion. He added that the ongoing 2,506 schemes have been given 76% funds or Rs253.146 billion allocation and 1,652 new schemes have been allocated 24% funds or Rs79.019 billion.

-- Education --

Shah said that the government of Sindh has kept Education sector at its top priority by allocating Rs326.80 billion which forms more than 25% of total budget outlay of Government of Sindh.

The non- development budget has been enhanced from Rs. 268.41 billion during CFY 2021-22 to Rs292.639 billion for the next financial year, he added, saying that an amount of Rs.34.22 billion have been earmarked as development budget for School Education department for next financial year 2022-23.

Chief Minister informed, this reflects the commitment and seriousness of Sindh government towards betterment of the School Education Department.

School education department is working with a number of international donor agencies such as World Bank and Asian Development Bank and a number of NGOs and we have initiated a number of projects collectively during the current year which are aimed at imparting quality education in public school and brining it at par with the private sector, he told.

The major achievements during FY 2021-22 and past three years to reform the Education sector included rehabilitation and expansion of high priority 4,560 schools, he informed.

In order to provide essential facilities to Government Primary/ Elementary/High & Higher Secondary, schools have been carefully selected on merit in all districts of Sindh. So far

“4,000” Schools have been rehabilitated and the rest will be completed up to June 2023, CM Sindh told.

Moreover, the allocation for college education is increased in non-development budget from Rs. 22.860 billion in the year 2021-22 to Rs. 26.768 billion in next financial year 2022-23.

The grant to universities has been enhanced from Rs. 9.4 billion during CFY 2021-22 to Rs. 14.3 billion for next financial year, he articulated.

Pakistan

New ‘storm of inflation’ is impending: Imran Khan

Imran Khan takes a dig at government over super tax; terms it 'economic murder' of people

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New ‘storm of inflation’ is impending: Imran Khan

Islamabad: Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan Saturday slammed the incumbent government for imposing new taxes on the industrial sectors, saying that the taxes on the production sectors would further increase ‘inflation’ and ‘unemployment’. 

While addressing a news conference in Islamabad today, the former Prime Minister of Pakistan banged the coalition government for imposing a 10% super tax on large-scale industries— saying that the decision would lead to the “closure of industries”, increase unemployment, inflation, and push Pakistan further into economic crisis. 

“With the imposition of 10% super tax, the tax on 13 large-scale industries will reach 40%,” he stressed, adding that the decision would led to the shutting down of several industrial units.

The cricketer-turned politician stated that the tax exemption on the salaried class has been reversed which would batter them down financially. 

“They [salaried class] were earlier given a tax exemption on an income of Rs100, 000; but now the slab has been reduced to Rs 50,000,” added Khan.  

Referring to National Accountability Bureau (NAB) amendment law, Imran Khan expressed confidence in the judiciary, saying it would not allow such oppression—terming it “attempt of corrupt rulers to save themselves”. 

“If the government succeeds, Pakistan wouldn’t need enemies,” said PTI chairman, adding that these NAB amendments will destroy the country as the "thieves will be exempted". 

It is pertinent to mention here that PTI has challenged the amendments in the Supreme Court and today the former prime minister gave a call for nationwide protests on July 2 against the amendments in NAB laws.

He further added that his government collected record tax in Pakistan’s history and was working to broaden the tax net.

The main protest would be organized in Islamabad’s Parade Ground where Imran Khan would address. 

Khan also urged the people to protest peacefully against what was being done with Pakistan, asking them to take to the roads simultaneously. 

 

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World Drug Day being observed today

This year's theme was to curb the spread of misinformation on the topic and to encourage the exchange of facts related to drugs.

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World Drug Day being observed today

Islamabad: The International Day Against Drug Abuse and Illicit Trafficking or World Drug Day was marked on June 26 every year around the globe with an aim to strengthen action and cooperation in achieving the goal of a world free of drug abuse.

As in other parts of the globe like every year, World Drug Day would also be marked in Pakistan on Sunday to raise awareness of the major problem that illicit drugs represent to society.

This day was supported by individuals, communities and various organizations all over the world. The aim of celebrating World Drug Day was to highlight the harmful effects of drugs.

The focus this year was to curb the spread of misinformation on the topic and to encourage the exchange of facts related to drugs.

Drug trafficking was a growing crime in Pakistan and police and the Ministry of Narcotics and anti-narcotics forces were cracking down on it on a daily basis.

Various events like motor car and bike rallies, drug awareness stage dramas and drug awareness walks, banners, steamers, panaflexes at Airports, Railway Stations, Bus Addas, Roads, Chowks, Traffic Signals and other important public places were being held all over the country, to mark the day.

He said in addition to these awareness activities, ANF also arranged display of banners, steamers, panaflexes at Airports, Railway Stations, Bus Addas, Roads, Chowks, Traffic Signals and other important public places.

Further, Awareness Video messages have also been played on LEDs installed at Airports, Railway Stations, important chowks, Bus Addas, Shopping Malls and other prominent places throughout the country.

Similarly, the Ministry of Narcotics Control and United Nations Office on Drugs and Crime (UNODC) Pakistan has also organized walk and cycling rally to commemorate the World Drug Day on Sunday here at Gulshan e Fatima Park, Margalla Road.

The event would be attended by Dr Jeremy Milsom Country Representative UNODC and DG Anti Narcotics Force (ANF).

The event would be attended by counterparts, senior government officials, the international community, students from schools, colleges, civil society and the general public.

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Pakistan

Pakistan working closely with int’l organizations to address challenges stemming from illicit drugs: PM

"We must work collectively to protect young people from the risks of drug abuse and safeguard their health and wellbeing."

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Pakistan working closely with int’l organizations to address challenges stemming from illicit drugs: PM

Islamabad: Prime Minister Shehbaz Sharif said that Pakistan is working closely with international organizations to address the challenges stemming from illicit drugs.  

In a message on the occasion of International Day against Drug Abuse and Illicit Trafficking, being observed today, he said Pakistan is a signatory to all global conventions and protocols related to the prevention of drug abuse and illicit trafficking.

The Prime Minister said the easy availability of synthetic drugs pose dangers to the general public, especially the youth, which make up more than sixty percent of Pakistan's population.

He said we must work collectively to protect young people from the risks of drug abuse and safeguard their health and wellbeing.

The Prime Minister said preventing drug use before it begins is the most cost-effective, common-sense approach to promote safe and healthy communities.

International Day Against Drug Abuse and Illicit Trafficking is being observed today across the globe to prevent drug abuse and raise awareness about the alarming threats it poses to society, especially the youth.

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