Pakistan Budget 2021-2022

 

Finance Bill
Notes On Clauses
Summary of Tax Expenditure 2021

Finance Act 2021

Finance Act 2021
Finance Act, 2021 – Explanation of important amendments made in the Income Tax Ordinance, 2001
Finance Act, 2021 – Explanation of important amendments made in the Sales Tax Act, 1990 & Federal Excise Act, 2005

Customs Schedules

First Schedule (Tariff Changes)
Second Schedule to the Finance Bill (5th Sch. to the Customs Act)

Customs SROs

S.R.O836(I)/2021 – Vendor of Automotive sector
S.R.O837(I)/2021 – OEMs of Automotive Sector
S.R.O838(I)/2021 – Survey based
S.R.O839(I)/2021 – Exemption from customs duty on import of vehicles by war-disabled defence force personnel or by civil disabled personnel
S.R.O840(I)/2021 – Levy of Regulatory Duty on luxury/essential items
S.R.O841(I)/2021 – Levy of Additional Customs Duty on import of goods
S.R.O842(I)/2021 – Exemption from customs duty on electric vehicles (CBU)
S.R.O843(I)/2021 – Amendment in SRO 645(I)/2018
S.R.O844(I)/2021 – Exemption from customs duties on import of COVID-19 pandemic items
S.R.O845(I)/2021 – Levy of Additional Customs Duty
S.R.O846(I)/2021 – Exemption of customs duty on import of finished drug Remdesivir injection 100mg and injectable solution 100mg
S.R.O847(I)/2021 – Conditional exemption of Customs Duty and Sales Tax on temporary imports

Budget Speech

Budget Speech English
Budget Speech Urdu

 

 

Federal Budget Publications 2021-22

 

Title

 

Details of Demands for Grants and Appropriations – Budget and Revised Estimates 2021-22
Details of Demands for Grants and Appropriations – Budget and Revised Estimates 2020-21

 

Pakistan to announce Budget 2021-22 on June 11

 

ISLAMABAD – The federal government has decided to table the next budget for FY 2022 on June 11, 2021.

Reports said that Prime Minister has approved the date for presenting the budget 2021-22, adding that it will be focusing on starting special programs for Karachi, Balochistan and Gilgit-Baltistan.

The upcoming Economic Survey for 2020-21 will be unveiled on June 10, 2021, detailing the economic achievement of during the outgoing fiscal year.

Minister for Planning and Development Asad Umar said on Friday that Pakistan’s GDP growth has come in at 3.94 per cent, Minister for Planning and Development Asad Umar said on Friday.

Taking it to twitter, Asad Umar said that the national accounts committee has finalised the GDP growth estimate, adding, “Alhamdulillah the GDP growth has come in at 3.94%.”

He said that the GDP growth in a period in which COVID-19 placed a huge challenge to the economy is extremely gratifying and proof of the success of Prime Minister Imran Khan’s economic policies.

In another tweet, Asad Umar said that per capita of Pakistan jumped by 13.4 per cent this year from $1361 to $1543 due to a combination of GDP growth and strengthening of the Pakistani rupee against the US dollar.

“Total GDP increased from $263 billion to $296 billion an increase of $33 billion which is the highest ever increase in any year,” he added.

Ref: https://dailypakistan.com.pk

  • Sales Tax & Federal Excise Budget Proposals
  • Income Tax Budget Proposals
  • Customs Budget Proposals

 

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