Pakistan government employees on Friday demanded 25 per cent hike in their salaries and protested against the 10 per cent hike provision proposed in the national budget for FY2021-22
The provisional actual numbers reveal revenue shortfall led to a wider fiscal deficit in 2019-20, but unlike the previous year, the gap was met largely through higher borrowing in a transparent manner
After the Union Budget was presented on February 1, there had been some apprehensions on the growth of MF sector in the coming days
Tax experts say one of the most dispute-prone proposals is making "fraudulent availing" of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence
Basis of the final budgetary allocations will be the ceilings indicated in the Medium-term Expenditure Framework
Secretaries see the possible pluses but are equally conscious of the negatives