#41
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Punjab Assembly
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#42
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Countries and their Capitals
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#43
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Highlights of Budget 2011-2011
Total outlay of the national budget for new fiscal year 2010-11, presented at the National Assembly here Saturday is to the tune of Rs 2764 billion, 12.3 percent higher than the size of the budget estimates for outgoing fiscal 2009-10.Following are cardinal features of the national budget for FY 2010-11:
· The total outlay of budget 2010-11 is Rs 2764 billion. The size is 12.3 per higher than the size of budget estimates 2009-10. · The resource availability during 2010-11 has been estimated at Rs 2598 billion against Rs 2299 billion in the budget estimates of the outgoing fiscal year. · Net revenue receipts for 2010-11 have been estimated at Rs 1377 billion indicating an increase of 1.9 percent over the budget estimates for current fiscal year 2009-10. · The provincial share in federal revenue receipts is estimated at Rs 1034 billion during 2010-11 which is 57.9 per cent higher than the budget estimates for 2009-10. · The capital receipts (net) for 2010-11 have been estimated at Rs 325 billion against the budget estimates of Rs 191 billion in 2009-10 indicating an increase of 70.2 per cent. · The external receipts in 2010-11 are estimated at Rs 387 billion. This shows a decrease of 24 per cent over the budget estimates for 2009-10. · The overall expenditure during 2010-11 has been estimated at Rs 2764 billion of which the current expenditure is Rs 1998 billion and development expenditure at Rs 787 billion. Current expenditure shows decline of less than one per cent over the revised estimates of 2009-10, while development expenditure will increase by 25.3 per cent in 2010-11 over the revised estimates of 2009-10. · The share of current expenditure in total budgetary outlay for 2010-11 is 72 per cent as compared to 78 per cent in revised estimates for 2009-10. · The expenditure on General Public Services (inclusive of debt servicing transfer payments and superannuation allowance) is estimated at Rs 1388 billion which is 69.5 per cent of the current expenditure. · The size of Public Sector Development Programme (PSDP) for 2010-11 is Rs 663 billion. While for Other Development Expenditure an amount of Rs 124 billion has been allocated. The PSDP shows an increase of 30 per cent over the revised estimates. · The provinces have been allocated an amount of Rs 373 billion for budget estimates 2010-11 in their PSDP as against Rs 300 billion in 2009-10. · An amount of Rs 10 billion has been allocation to Earthquake Reconstruction and Rehabilitation Authority (ERA) in the PSDP 2010-11. |
#44
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Tax Measures
Following are the highlights of tax measures announced by the government in the National Budget for the financial year 2010-11. · Existing system of General Sales Tax would be reformed to eliminate multiple tax rates and replace it with a single lower rate of 15%. · The reformed GST will not apply on health, education and food items consumed by the poor. The GST will not apply to turnover less than Rs. 7.5 million per year whereas the current threshold is Rs 5 million per year and would be automated thus reducing possibilities of corruption and refund delay.
· It will broaden the tax base instead of burdening the existing tax payer. · The proposed GST reform is expected to be in place by October 1, 2010 in consultation with all the provinces and other stakeholders. · As an interim measure the GST rates are proposed to be raised by 1 percentage point. Once the reform GST is in place the proposed single lower rate of 15 % will become effective. · Current 1% Special Excise Duty levied on most items of imports and local manufacture has been abolished. · Federal Excise Duty incidence on all categories of cigarettes has been enhanced and levy FED at Rs. 1 per filter rod of cigarettes has been proposed. · The rate of FED on natural gas has been increased to Rs. 10 per MMBTU, while intensive appliances, levy of FED @ 10% ad valorem on air conditioners and deep freezers is proposed. · On income tax side, exemption limit for the salaried taxpayers has been enhanced from Rs. 200,000 to Rs.300,000, benefitting approximately 430,000 taxpayers. · Exemption limit for non-salary income is also proposed to be raised from Rs. 100,000 to Rs. 300,000 per year benefitting approximately 350,000 taxpayers. · Rate of income tax collected along with monthly electricity bill from industrial and commercial consumers is proposed to be reduced from 10% to 5%. This will provide a relief of Rs.4.5 billion to the 66,000 taxpayers · Under the Prime Minister’s Fiscal Relief Package to Khyber Pakhtunkhwa, Federally Adminstered Tribal Areas (FATA) & Provincially Adminstered Tribal Areas (PATA) additional tax relief of about Rs.2 Billion have been provided to benefit 300,000 taxpayers of the province. · Instead of monthly withholding tax statements, now only quarterly withholding statement will be required to be e-filed. · Taxation on interest free / concessionary interest loans provided by an employer is proposed to be waived. · Rate of final withholding tax on non-specified payments to nonresidents is to be reduced from 30% to 20%. · Tax free payments to non-residents on profits on debt will be allowed 10% tax credit for balancing, modernization and replacement to all companies. · A 5% tax credit is proposed to be allowed to a company in the tax year of its enlistment. · 10% withholding tax has been announced as final charge on profit on debt (in debt instruments) and also for the investment in government securities (treasury bills and PIBs) to allow hassle free compliance by non-residents. · It has been proposed that income tax be raised for the Association of Persons (AOPs) at a flat rate of 25% against the existing progressive rate averaging up to 20%. · Tax on short-term Capital Gains on stocks/shares will be charged at 10% where shares are held for a period less than six months and at 7.5% where they are held for more than six months and less than 12 months. However, stocks held for over one year will not be subject to CGT. · The withholding tax rate payable by commercial importers is proposed to be increased from 4% to 5%. · A withholding tax on banking transactions including withdrawal through demand draft, pay order, RTCs, CDRs etc. will be charged at 0.3% where such transaction exceeds Rs.25000 in a day. · Turnover tax on loss making companies and AOPs is proposed to be increased from 0.5% to 1%. · Withholding tax on domestic air travel is proposed to be charged at 5% on gross value of the ticket. |
#45
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Highlights from Economic Survey 2009-10:
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#46
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Corruption Report 2010 – Transparency International
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#47
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List of scheduled foreign banks operating in pakistan
1. ABN Amro Bank N.V.
2. Al-Baraka Islamic Bank B.S.C.(E.C.) 3. American Express Bank Limited 4. Bank of Cylon - 5. Credit Agricole Indosuez 6. Citibank N.A. 7. Deutsche Bank AG 8. Doha Bank - 9. Habib Bank A.G. Zurich 10. International Finance Investment & Commerce Bank Limited (IFIC) - 11. Mashraq Bank psc 12. Oman International Bank S.O.A.G. 13. Rupali Bank Limited - 14. Standard Chartered Bank (Pakistan) Limited 15. Standard Chartered Grindlays Bank Limited - 16. The Bank of Tokyo-Mitsubishi Limited 17. The Hongkong and Shanghai Banking Corporation Limited |
The Following User Says Thank You to Nosheen Bukhari For This Useful Post: | ||
Farrah Zafar (Saturday, February 19, 2011) |
#48
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need urget plus authentic ans PLZ
@Binyamin plz reply asap
what is the current inflation rate % in Pakistan? what is the current GDP rate %? What is amount of GDP in trillions? what is the per capta income in Us$? which country has provided JF-17 thunder to pakistan? What is the total outlay of budget 2010-11? Recently USA handed over which aircrafts to pakistan & how many THANKS ALOT.
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Aalam-e-soz o saz main, wasl se barh ker hai firaaq Hijr me lazt-e-talb, wasl main marg-e-arzoo...!!! |
#49
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The name of Afghanistan Parliament is Loyal Jirga
The name of Albania’s parliament is Kuvend popollore The name of Algeria’s parliament is People’s national assembly. Angola’s Parliament is National People’s Assembly. Argentina’s parliament is National Congress. Australia’s parliament is Federal Parliament Austria’s parliament is Federal Assembly. Bahrain,s Parliament is National Assembly. Bangladesh Parliament is Jatiya Sansad. Brazil’s Parliament is National Congress. Bulgaria’s Parliament is National Assembly. China’s Parliament is national People’s Party Cuba’s Parliament is National Assembly of people’s Party. Cyprus’s Parliament is House of Representative. Denmark’s Parliament is Folketing. Egypt Parliamnet is people’s Assembly. Germany’s Parliament is Bundesrat Ghana’s Parliament is National Assembly. Iceland’s Parliament is Althing, oldest parliament Indonesia’s Parliament is People’s Consultative Assembly. Iran’s Parliament is Majlis-i-Shoora Islam The Ireland’s Parliament is Dail Eireann Israel’s Parliament is Knesset Japan’s Parliamnet is Diet. Mexico’s Parliament is National Congress New Zealand’s Parliament is House of Representatives. Norway’s Parliament is Storting. UK’s Parliament is House of Commons. Spain’s Parliament is Cortes. Qatar’s Parliament is Advisory. Sweden’s Parliament is Riksdog. Zambia’ Parliament is Congress. Zimbabwe’s parliament is National Assembly. Switzerland’s Parliament is Federal Assembly. USA’s Parliament name is Congress Source: http://www.cssforum.com.pk/off-topic...nts-world.html I posted it here as it is relevant and expected in exams |
The Following 2 Users Say Thank You to mani1 For This Useful Post: | ||
Farrah Zafar (Saturday, February 19, 2011), sibgakhan (Saturday, February 19, 2011) |
#50
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which country has provided JF-17 thunder to Pakistan?
China - Combat aircraft developed jointly by China and Pakistan. What is the total outlay of budget 2010-11? Rs 3259 billion or Rs 3.259 trillion
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No matter how fast i run or how far i go it wont escape me, pain, misery, emptiness. |
The Following 2 Users Say Thank You to Xeric For This Useful Post: | ||
Farrah Zafar (Saturday, February 19, 2011), sibgakhan (Saturday, February 19, 2011) |
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