ISLAMABAD: Federal Finance Minister Ishaq Dar, presiding over a meeting, has revealed that the Economic Survey Report of the ongoing financial year will be released on June 4, while the federal budget 2015-16 will be presented in the National Assembly on June 5.
Senator Ishaq Dar said that the upcoming budget will be in favour of common man as top priority has been given to a lay man.
Sources said that the government employees are likely to be given 10 per cent increment in their basic salaries. However, they said that there would be little chances of increment in other allowances.
Dar said that recommendations of Tax Reforms Commission will be the part of next budget. Many other initiatives such as reduction in mark-up rates of Exports Re-finance Facility (ERF); reduction in mark-up rates of Long-Term Finance Facility; Sales Tax Refund; formation of telecasters; Reimbursement of Crop Loan Insurance Scheme (CLIS) Premium; formation of Exim Bank; LNG Import; Revival and Restructuring of Housing Building Finance Company Ltd and many others will be incorporated in the next budget.
