ISLAMABAD: The government has come up with a new approach in the federal budget 2006-07, focussing on maximum relief to the masses, ensuring a sound economic foundation and maintaining sustainable growth.
Dr Salman Shah, Adviser to the the Prime Minister on Finance and Revenue said at his post-budget conference here on Tuesday that this year Pakistan witnessed solid economic growth despite the massive surge in oil prices and ruinous earthquake. “Pakistan’s economy played well and absorbed the two unprecedented shocks and grew to 6.6 per cent this year.”
Shah said that the economy had become diversified and did not depend on some major crops’ growth as it performed well even with a decline in agriculture growth that stood at 2.5 per cent. To make economy further diversified, the government has reduced duty to zero level for promotion of some important industries. “The government has given around Rs 100 billion subsidies to ensure maximum relief to the downtrodden people,” he added.
Shah said the government increased the rate of return on various schemes of the National Savings. The rate of returns was increased to 9.17 per cent from 8.6 per cent on Special Savings Certificates; 9.24 per cent from 8.88 per cent on Regular Income Certificates; 10 per cent from 9.46 per cent on Defence Savings Certificates; 11.52 per cent from 11.04 per cent on Defence Account and Bahbood Savings Certificates; six per cent from five per cent on Saving Accounts and 6.5 per cent from 5.1 per cent on Prize Bonds.
Responding to a question, he said the government has given relief to federal government employees by announcing the dearness allowance at the rate of 15 per cent of the running basic pay. He said that pension for the government servants had also been raised. “Those government employees who retired before May 1977, their pensions are up by 20 per cent and those retired after May 1, 1977, their pensions are up by 15 per cent,” he said.
The overtime of drivers and dispatch riders are up by 50 per cent; conveyance allowance of Grade 1 to Grade-16 government servants is up by 50 per cent and pension under the Employees Old-age Benefits Act-1976 has been increased from Rs 1,000 to Rs 1,300 per month.
Dr Shah said that increase in pensions by 15 to 20 per cent would cost Rs 1 billion, while the overall impact of the dearness allowance, increase in pensions; conveyance allowance on national exchequer will amount to Rs 3.675 billion.
CBR Chairman Abdullah Yousaf said the net impact of new tax measures on revenue would be Rs 8.50 billion. The tax measures will help the CBR collect Rs 25 billion, but relief in taxes will amount to Rs 18 billion. Responding to a question, he said that the CBR would collect Rs 3.8 billion on some services from the provinces.
Dr Shah said the government is determined to build five mega dams, including Diamir-Bhasha. He said Kalabagh dam would also be built after developing census. When asked as to why the government has allocated Rs 10 billion for the acquisition of land for five dams, including Kalabagh when there is no consensus on it, he did not come up with satisfactory answer, saying that the Rs 10 billion amount is too small.
When asked to justify Rs 2.5 billion subsidy to importers of pulses with a view to stabilising the prices of the commodity as it will damage the interest of the farmers, Dr Shah said the government will take care of interests of both the consumers and the farmers. “The government will extend support price for growing pulses to compensate the farm community.”
Senior citizens of 65 years and above with annual income up to Rs 400,000 were exempted from taxation. Citizens of 60 years and above will now receive this facility. He said the government has provided Rs 5 billion subsidy on fertiliser in 2005-06 that has been increased to Rs 12.3 billion to keep fertiliser at affordable prices. He said machinery for agriculture, horticulture and floriculture would remain exempted from customs duty. Machinery for promoting fisheries will also be exempted from this duty.
Dr Shah said that the withholding tax on brokerage commission on sale and purchase of shares increased from 0.005 per cent to 0.01 per cent. “Withholding tax on trading has been increased from 0.005 per cent to 0.01 per cent. The capital value tax on the purchase of share has been increased from 0.01 per cent to 0.02 per cent.
However, Dr Salman Shah said that by June 30, 2007 the government would not levy tax on the capital gains as per understanding with stock exchange leadership. However, the government will impose levy on capital gains from next financial year.
About the income tax from agriculture sector, Dr Shah said the provincial governments would take a decision to this effect. He said that the government has imposed a two per cent CVT on the purchase of 500 square yards and above or one Kanal and above which is less, residential plot in urban areas. He said the two per cent CVT will also be levied on all purchases of commercial property and if there are no determined value a CVT charge of Rs 50 per sq yard would be applied.
He said five per cent income tax on rental income will be treated as dividend income and it will not be included in the whole income. He said Rs 1.2 billion has been earmarked for election commission for 2006-07. However, the allocation for Election Commission was parked at Rs 460 million for outgoing fiscal year.
He said that minimum wages of workers has been increased by 33.3 per cent from Rs 3,000 to Rs 4,000 and it will be ensured by enacting a law to this effect. Dr Shah said the government has allocated 42 per cent of the GDP for social sector in the Public Sector Development Programme.
Agencies add: Dr Salman Shah said some 400,000 jobs will be created under the “Rozgar Scheme” being launched in July with Rs 12 billion. “Educated persons in the age bracket of 18-40 years will get loan for self-employment,” he said, adding that under the scheme, people could establish public call offices, mobile utility stores, get franchise for utility stores and own transport (taxi etc).
Dr Shah said the government will pick up half of the mark-up and other half will be picked up by the individual. “The government will share the risk associated with the loan,” he added. He said the government has allocated Rs 35 billion to the Khushhal Pakistan Programme for the fiscal year 2006-07. “This money will be spent on roads and electrification in rural areas, water supply, gas, health, sanitation and levelling of lands for irrigation purposes.”
Shah said the facilities of dialysis, MRI and angiography would be available for the poor patients free-of-charge at public sector hospitals. A special committee would be constituted to determine eligibility of deserving patients so that they could be provided free treatment, he said, while replying to a question.
He said the government also reduced and exempted duty on life-saving drugs, diagnostic kits and equipment and all medicines for cancer, drugs used for kidney dialysis and kidney transplant, all types of vaccines for hepatitis, interferon and other medicines for hepatitis, all vaccines/anti-sera, cardiac medicine, injection anti-D immunoglobulin, blood bags, all medicines for HIV, all medicines for thalassemia and eye drops and medicinal ointment.
Shah said Rs 10 million has been earmarked in the PSDP for the control and prevention of avian influenza. “The allocation has been made in the new un-approved projects of the Food, Agriculture and Livestock Division and it did not include any foreign loan.
Talking to Online after the press conference, Shah said that no separate allocations had been made for the purchase of F-16s and AWACS aircraft rather the amount would be paid from the defence budget.
Wednesday, June 7, 2006
Hamaray Bhee leader Kaisay kaisay
Koi Chup Kay Milta Hai
Koi Khul Kay Milta Hai
Dekhiye kis ko kiya Milta Hai
Bila g its pleasure to meet his excelencey Mr Bhati bcoz he is an official representative of our beloved country .if we respect him that means we respect our country no doubt.but Mahlaatee sazashees are on their way to wellington ......for secret meetings ....Yes i would repeat somones comments " the people who could not get even a single vote in pakistan are quite successful in NewZealand " bcoz they dont need votes here they just need wah wah and wah by jumping on the others shoulders.May Allah Bless all of us from these evils.
Pakistani Budget 06-07
Talking with Sohni Dharti Nadeem Asharf , well-known businessman and executive of Pakistan community said that this is biggest and best ever budget of Pakistan which shows that sincerity of Govt of Pervaz Musharaf toward development of Pakistan , he said at this point Pakistan is the best place for businessmen’s to invest in fast growing economy of Pakistan , Mr Asharf who is attached with car yard businesses said he appreciate and welcome Pakistani Govt for reducing the tax on second-hand import of car and commercial machinery such as heavy duty trucks to light duty pick ups vans, he added that Govt has increased 15% of their basic pay will help to improve living standard of public
Friday, June 2, 2006
Sponsors List for Upcoming 14th August Function. PANZ
Sponsors (Proposed)List for the upcoming 14th August 2006 function:
1. Khyber food Mt Roskill (Zeb Mohammad)
2. Moon Motors
3. G.M cras
4. Ternica Cars
5. Car World( Naveed Hamid)
6. Radio Tarana(Media Sponsor)
7. Apna 990 AM
8. Khyber Autose(Haji Wahab)
9. Dial A Cab
10. Yellow Cabs
11. Sunshine Taxis
12. Madni Motors(Mazhar.CH)
13. Dr.Ketan
14. Panworld Travel(Tauqir Khan)
15. R.H Electrical (Jamshaidul Hassan)
16. I.Motors (Shehzad Malik)
17. Platinum Cars
18. VIP Couriers
19. Ketan Motors(Afzal Khan)
20. Star Mtoors
21. Tokyo link
22. Malik Brothers
23. Pacific Cars
24. Zahid Panel and Paint
25. Phoenx cars
26. Symbol Cars( Sabir Cheema)
27.Mile Stone Motors
28. NZ Black Cabs
29. Khyber Tandoori
30. Spice World
31. Apna Bazar
32. Basit Accountants New Lynn
33. Mateen Siddiqui
34. Sohni Dharti
35. Whole Sale Motors
36. Shan
37. Discount House
38. Miami Motors
39. Diechi Motors
40. Iqra Flafs
41. InvirnoCam( Nayyar Ghazali)
42. Directional Tyres ( Akram kHan)
43. Scorpio Motors
44. Isra Motors
45. Sunny Cras
46. Jap Autose
47. Mehran Motors
48. Eden Motors
49. Syed Tyres (M.A Auto)
50. Ray Whole sale
51. Super Autose Car Road Mt Roskill
More Welcome Pakistan Association New Zealand
(G.s Imtiaz)
Thursday, June 1, 2006
14th August 2006, Meeting Report (PANZ)
14th August
PANZ had a community meeting at Atta House Papatoe last Tuesday evening to finalise the preparations for the oncoming independence day function in
The following decisions were made.
Invitations were finalized to officials and guests
Sponsors list was finalised
Entry suggested donation
Single $10.00
Family $20.00
Free quality food will be provided to the community on this upcoming Independence Day, The majority were in favor of this decision.
The following Committees were formed to start their job for the 14th August in different fields.
Food Committee include the following persons, But they still required volunteers for distribution on 14th August Day:
Task: Cooking and distribution of food, drinks, dishes
G.M Saheb
Jamshadul Hassan
Fayyaz
Zeb Mohammad
This committee will give a report to the General committee about their preparations, work, and finance expenses on this task. The maximum budget for the Food on this Independence Day is $10,000 approved by PANZ. Committee was advised to minimize the expenses but also make sure that the food quality is best on that day.
Finance committee:
Naveed Hamid
G.M Saheb
Nadeem ashraf
Naseem
Ch.Mukhtar
Sabir Cheema
Tahir Geelani
Zeb Mohammad
Syed waqar Ali Shah
This committee will be responsible for arranging finances for the 14th August function in Central and
Reception Committee includes the following persons:
Mr. Naveed hamid
All Three Exectives
Zeb Mohammad
Hassan Jamshaid
Nadeem Ashraf
Vice President Mazhar.Ch
Mr. Mateen.S
Mrs. Fayyaz
Mrs. Khalid Naseem
Uzra Baloch
Mrs. Waqar
Munawar Khan
Saleem Shehzad
This committee will be welcoming the guests on the 14th August day; they are advised to be in the Hall at least 2 hours before the function start. Their job is Welcome the guests at the Hall gate and Pass them on to the Hall Inside committee.
Hall inside Committee include the following members
Imtiaz
Sabir Cheema
This committee will organize the seating positions for the guests and will receive the guests from the Reception committee.
Media Committee:
This include of the following members
Shahid Azad
Billa.G
Javed Iqbal
Atta Bhai
Tayyaba Khan
This committee will call a internal meeting soon to finalise the media role in this 14th Aug Function include Advertisement on Radio,T.V, Papers and Net and the Media role on the day.
Stage Committee
Stage committee include the following persons
Their job will be to prepare the teams for the stage and direct the stage programs as well as rehearsals before the Independence Day. Mr Fayyaz and Naseem Soherwardi will call a meeting soon for this Task.
Shahid Azad
Khalid Naseem
Mr Fayyaz
Mrs Fayyaz
Aamir Khan
Nasir Khan
Naseem Suherwardi
Mrs Naseem
Atta Bhai
For the Stage Secretary the following names were initially proposed
Nasir Khan
Billa.G
Mateen Siddiqui
Irfan
Lubna Ehsan
Atta
Fayyaz
Mrs. Fayyaz
Mrs.Waqar
Saeed Saheb
The General committee will decide on this position. General committee may also decide to give a chance to three different couples. General committee will call a meeting for audition soon.
14th August 2006, Meeting Report
14th August
PANZ had a community meeting at Atta House Papatoe last Tuesday evening to finalise the preparations for the oncoming independence day function in
The following decisions were made.
Invitations were finalized to officials and guests
Sponsors list was finalised
Entry suggested donation
Single $10.00
Family $20.00
Free quality food will be provided to the community on this upcoming Independence Day, The majority were in favor of this decision.
The following Committees were formed to start their job for the 14th August in different fields.
Food Committee include the following persons, But they still required volunteers for distribution on 14th August Day:
Task: Cooking and distribution of food, drinks, dishes
G.M Saheb
Jamshadul Hassan
Fayyaz
Zeb Mohammad
This committee will give a report to the General committee about their preparations, work, and finance expenses on this task. The maximum budget for the Food on this Independence Day is $10,000 approved by PANZ. Committee was advised to minimize the expenses but also make sure that the food quality is best on that day.
Finance committee:
Naveed Hamid
G.M Saheb
Nadeem ashraf
Naseem
Ch.Mukhtar
Sabir Cheema
Tahir Geelani
Zeb Mohammad
Syed waqar Ali Shah
This committee will be responsible for arranging finances for the 14th August function in Central and
Reception Committee includes the following persons:
Mr. Naveed hamid
All Three Exectives
Zeb Mohammad
Hassan Jamshaid
Nadeem Ashraf
Vice President Mazhar.Ch
Mr. Mateen.S
Mrs. Fayyaz
Mrs. Khalid Naseem
Uzra Baloch
Mrs. Waqar
Munawar Khan
Saleem Shehzad
This committee will be welcoming the guests on the 14th August day; they are advised to be in the Hall at least 2 hours before the function start. Their job is Welcome the guests at the Hall gate and Pass them on to the Hall Inside committee.
Hall inside Committee include the following members
Imtiaz
Sabir Cheema
This committee will organize the seating positions for the guests and will receive the guests from the Reception committee.
Media Committee:
This include of the following members
Shahid Azad
Billa.G
Javed Iqbal
Atta Bhai
Tayyaba Khan
This committee will call a internal meeting soon to finalise the media role in this 14th Aug Function include Advertisement on Radio,T.V, Papers and Net and the Media role on the day.
Stage Committee
Stage committee include the following persons
Their job will be to prepare the teams for the stage and direct the stage programs as well as rehearsals before the Independence Day. Mr Fayyaz and Naseem Soherwardi will call a meeting soon for this Task.
Shahid Azad
Khalid Naseem
Mr Fayyaz
Mrs Fayyaz
Aamir Khan
Nasir Khan
Naseem Suherwardi
Mrs Naseem
Atta Bhai
For the Stage Secretary the following names were initially proposed
Nasir Khan
Billa.G
Mateen Siddiqui
Irfan
Lubna Ehsan
Atta
Fayyaz
Mrs. Fayyaz
Mrs.Waqar
Saeed Saheb
The General committee will decide on this position. General committee may also decide to give a chance to three different couples. General committee will call a meeting for audition soon.
Pakistan Association of New Zealand
(G.s Imtiaz)
Zeb Khan
In conversation with Sohni Dharti Executive of Pakistan association Zeb Khan said " I never said any thing against Mr. Tauqir khan during the reception of Honourable Ambassador " and " I never side any thing such sacking of our current President of PANZ". Mr. Zeb khan added that now Mr. Tauqir is talking that there is no need of executives, didn't he think before contesting executives election, he just want to get rid off executives because he couldn't win election
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