- Economic growth target fixed at 3.6% for fiscal year 2024-25
- Inflation seen at 12% in FY2024-25
- Total outlay of the budget for FY25 is Rs18.9 trillion
- Gross revenue receipts expected at Rs17.8 trillion
- Non-bank borrowing expected at Rs2.662 trillion
- Rs5.142 trillion expected from bank borrowing
- Rs666 billion earmarked for net external receipts
- Privatisation proceeds expected at Rs30 billion
- Rs9.775 trillion earmarked for interest payments
- Rs1.014 trillion to be spent on pensions
- Rs2.122 trillion allocated for Defence affairs and services
- Rs1.777 trillion earmarked for grants and transfers to provinces
- Rs1.363 trillion to be spent on subsidies
- Running of civil government and emergency provision expected to consume Rs1.152 trillion
- Rs1.674 trillion allocated for development and net lending
- Overall fiscal deficit is at Rs7.283 trillion
- Overall fiscal deficit at GDP 5.9%, down from the revised 7.4% of FY2023-24
- FBR taxes envisaged at Rs12.97 trillion, around 40% higher than outgoing fiscal year
- Non-tax revenue envisaged at Rs4.8 trillion
- Federal PSDP budgeted at Rs1.400 trillion
- Increase in allocation of BISP from Rs466 billion to Rs592 billion, subsidy allocation of Rs65 billion for utility stores corporation, Rs10 billion kept for Ramzan package
- Pensions of government employees to be increased by 15%
- 25% increase in salaries of Grade 1 to 16 and 20% in Grade 17 to 22
- Rs37,000 minimum wage proposed
- Extra Federal Excise Duty (FED) of Rs1,000 per ton imposed on cement, bringing total FED to Rs3,000 per ton of cement dispatched
- GST exemption granted to the FATA/PATA region to be removed
- Sales tax rate for point-of-sale (POS) retailers dealing in leather and textile products increased from 15% to 18%
- Maximum limit for petroleum levy enhanced for petrol and diesel to Rs80 per litre
- Withdrawal of custom duties exemptions on CBU imports of hybrid vehicles
- Withdrawal of concession on import of electric vehicles with value exceeding US$ 50,000
- Advance tax on registration of motor vehicles above 2,000 cc will be fixed at a certain amount in proportion to the value of the vehicle
- Iron and steel scrap to be exempted from levy of sales tax
- Rs253 billion allocated for development of energy sector
- ‘National Fiscal Pact’ proposed with all provinces
- A new category of “Late Filers” introduced in the income tax law under the Finance Bill 2024
