Pakistan

CM Murad Ali Shah unveils ‘tax-free’ Rs1.71tr Sindh budget

Sindh Chief Minister Murad Ali Shah is presenting the budget proposals worth Rs1.71 trillion for the next fiscal year 2022-23 after the cabinet in a special session approved the bill.

Earlier, during the meeting attended by all provincial ministers, advisers, special assistants, chief secretaries, principal secretaries and other officers concerned, the CM Sindh approved the proposals of the Rs1.71 trillion “tax-free” budget.

Commenting on the proposals, CM Sindh had termed the proposed finance bill as a “budget for the poor.”

“In this budget for the next fiscal year, steps have been taken for social security and economic stability,” he said, adding that this budget has been prepared after consultations with all relevant stakeholders and cabinet holders.

Murad Ali Shah will present the budget in the provincial assembly as he holds the portfolio of Sindh’s finance minister as well.

According to sources no new tax will be imposed on the people of Sindh in the provincial budget for next fiscal year 2022-23. Meanwhile, other proposals include:

15% increase in government employees’ salaries
5% increase in pensions
Dispensary allowance for selected government employees
Rs326 billion for education sector
Rs200 billion for health sector
Rs132 billion for law and order situation
Introduction of new transportation schemes in FY23
Electric vehicle scheme for 500 EVs in Karachi
BRT scheme for Hyderabad
Increase in grants for hospitals in Sindh
Rs35 billion for energy sector
Rs28 billion for social development programmes

The budget will include a development layout of at least Rs250 billion, an allotment of Rs32 billion for district development.

Sources within the Sindh finance department said that an amalgamation of ad hoc allowance with the basic salary is likely to be announced with the provincial budget and the Sindh government will also enhance the conveyance allowance for government employees, as provided in the federal budget.

The grant of 25 public sector universities could be increased up to 5%. At least Rs2 billion will be announced for small traders for loans from Sindh Bank and Rs3 billion has been sanctioned for the subsidy on fertiliser, seeds and pesticides.

Over Rs18 billion would be allocated for Benazir Income Support Programme and a big relief package for the IT sector will also be announced.


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