Government sets 4.2pc growth target for FY22

ISLAMABAD: In a meeting chaired by Prime Minister Imran Khan of the Federal Cabinet on Tuesday, the federal cabinet gave a green signal to the Budget Strategy Paper (BSP) under which the government has set a 4.2pc growth target for FY22.

invest with imarat

Islamabad’s emerging city centre

Learn More

According to the details, gross federal revenues are expected to increase by 25pc and reach Rs7.99tr after the measures introduced by the government in the form of widening General Sales Tax (GST), income tax net, and other non-tax measures.

Under the approved BSP, it is expected that the share of provinces for financing fiscal deficit will be increased. 

 

For news and blogs, visit Graana.com.

Maham Tahir

Recent Posts

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

23 hours ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

2 days ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

3 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

4 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

5 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago