Pakistan Federal Budget 2021-2022

The federal government has decisive to present the next budget for FY 2022 on 11 June2021. State Bank of Pakistan also played extremely significant role in the economic growth, he acknowledged. There should be a festival for all taxes and levies for 5 years for the recently registered companies, particularly SMEs.

The government will have to create a visible reduction in taxes in the budget to help produce the businesses, predominantly the SME sector, as Pakistan requirements millions of jobs annually. Tareen open that the government will be generous targetted subsidies to the power sector this year and publicize more for other products next year.

The country achieve a GDP growth rate of 3.94% in the friendly fiscal year 2020-21 against revised estimate of negative 0.47% for the previous fiscal year 2019-20. This policy would also help check inflation as the direct supply of commodities by the growers to market would be low priced against the middle-men’s manipulation of prices.

Tentative Date of Announcement of Budget 2021-22
11th June 2021 (Friday)

Keeping the third wave of coronavirus in view, Ministry of Parliamentary Affairs along with National Assembly secretariat has started preparation for the upcoming federal budget 2021-22 which is scheduled to be presented by the second week of June.

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