Miftah Ismail, the newly appointed Finance Minister, presented it in National Assembly on 27th April, 2018. The total outlay of budget the year of 2018-19 is Rs. 5.9 trillion With estimate 6.2 Percent Growth Target.
Finance Minister said that the GDP growth rate last year was 5.4 percent and has now grown to 5.8 percent, the highest so far in 13 years. He added that we are the 24th largest economy in the world today.
Salient Features of Budget 2018-19
The target of tax revenue is Rs. 4.435 trillion, with an estime of 15 percent increase.
Rs. 1.1 trillion allocated to defense budget.
Defence Division will get Rs. 640.644 million while Defence Production Division to get Rs. 2810 million
Rs. 100 billion has been allocated for Armed Forces Development Program
Rs. 5 billion for Special Provision for Competition of CPEC Projects,
Rs. 800 billions is set for agriculture loans
Budget for Benazir Income Support Program (BISP) is 124.7 billion rupees
Rs. 10 billion budget for Youth Program
No duty or tax imposed on dairy farmers and livestock
Salaries and pensions increased by 10 per cent.
Rs. 25 billion special package for Karachi announced and also plan to build a desalination plant for water shortage in the city.
A hefty amount of Rs. 220 billion for subsides on power, textile, water, construction of small dams.
Rs. 137 bn allocated for Gwadar infrastructure development
Capital Administration and Development Division will get Rs.15,236.924 million
Rs. 802.699 million allocated for Climate Change Division
Rs.1500 million allocated for Commerce Division
Rs.70 million set aside for Economic Affairs Division
Rs. 4336.5 million allocated for Federal Education and Professional Training Division
Finance Division will get Rs.18,151.4 million
Rs.199 million allocated for Foreign Affairs Division
Rs. 46,679 million allocated for Higher Education Commission
Rs. 5,433.1 million earmarked for Housing and Works Division
Rs. 1775.2 million set aside for Industries and Production Division
Information and Broadcasting Division will get Rs.1,644 million
Information Technology and Telecom Division will receive Rs.3,046.3 million
Rs. 51,205.8 million earmarked for Kashmir Affairs and Giligt-Baltistan Affairs Division
Rs. 10,118 million set aside for Maritime Affairs Division
Pakistan Atomic Energy Commission to get Rs. 30,424.5 million
Rs .4,700 million set aside for SUPARCO
Pakistan Nuclear Regulatory Authority will receive Rs. 300 million Petroleum Division will get Rs 943 million
Rs. 27,590 million allocated for Planning Development and Reform Division
Rs. 370 million allocated for Postal Services Division
Rs. 40,000 million earmarked for Railways Division
Rs. 2,660 million earmarked for Science and Technological Division
Textile Industry Division to get Rs 280 million
Water Resource Division will receive Rs.79,500 million
Rs.201,600 million for National Highways Authority
Rs..36125 million for NTDC/PEPCO
Rs. 8.5 billion for Earthquake Reconstruction and Rehabilitation Authority
Rs.10,000 million earmarked for FATA 10 Years Plan (Federal Contribution)
Rs. 45,000 million allocated for Relief and Rehabilitation of IDPs
Rs. 45,000 earmarked for Security Enhancement
Rs.10,000 million allocated for Prime Minister’s Youth Initiative
Rs. 5000 million set aside for Gas Infrastructure Development Cess.
