• Federal budget with outlay of Rs9.5tr presented • Govt employees’ salaries up 15pc, no tax on those earning up to Rs100,000/month • Subsidies on sugar, wheat flour proposed • Taxes on cars over 1,600cc to be increased • Pensioner tax reduced to 5pc from 10pc • Advance withholding tax to be collected from those sending remittances abroad • Tax on banking sector increases to 42pc • Families with income below Rs40,000 to be given Rs2,000 • Households using fewer than 200 units of electricity to be offered loans on…
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