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Daily Times July 13, 2021 As was expected, the federal budget for the financial year 2021-22 sailed smoothly through the National Assembly. The finance bill was passed on June 29 while budgetary measures have already got into action throughout the country. This was the PTI-led coalition government’s third budget, which was presented by its fourth finance minister, Shaukat Tarin–the successor to Asad Omer, Dr Hafeez Shaikh and Hammad Azhar. His full name, which is not known to many around, is Shaukat Fayaz Ahmed Tarin and he has previously also shouldered the heavy responsibility as the finance minister in different governments. The incumbent coalition government will complete its three years in August. ....
Govt’s ‘pro-growth’ budget: The winning leap Faraz Saeed Pakistan is on the cusp of major change; transitioning into an era of prosperity and growth from the arduous journey of recovery and stabilization, as the PTI government presented its third budget for FY 21-22 to the tune of Rs 8.5 trillion, setting up an economic growth target of 4.8 percent. The budget can be termed as a winning leap, since it promises growth for businesses and industry, and upliftment of the poor; as the development spending has been raised by more than 40 per cent to the tune of Rs2.135 trillion.Virtually every category of business, particularly manufacturing industry and financial services, has received tax cuts.Like wise, minimum wage for daily wagers has been raised by more than 20pc, while salaries for civil servants have been hiked by 10pc, which is a prime driver towards poverty alleviation. ....