2013–14 Pakistan federal budget

The budget was presented by Finance Minister Ishaq Dar on 12 June 2013 during a session of the National Assembly.

The budget seeks to address the country's energy crisis, reduce non-development expenditures and bring about a range of new economic policies of the elected government.

Property sellers were made liable to pay a fixed percentage of tax which decreases as the retention period increases.

[4] Despite imposition of the heavy taxation, country's leading economists and financial experts believe it won't hamper the growth of the booming property market of Pakistan.

[6] Initial financial calculations were aimed towards the budget makers with an ambitious target by the incoming PML-N government to bring down next year's fiscal deficit by about 2.50% of GDP through a combination of revenue and expenditure control measures of over ₨.

With an interaction with Dar, the senior economists and officials of the Finance ministry gave out an understanding that current year's budget deficit would be restricted within 7.5pc of GDP or less than ₨.

[12] Finance Minister Ishaq Dar said that the auction for 3G technology was to be held soon and the borrowing from the State Bank of Pakistan (SBP) will be reduced.

[13] According to Farrukh Salim, the budget had shown as sign of "political maturity" as in the past governments had always abandoned schemes—whether good or bad—of their predecessors.

500 billion circular debt in state-owned enterprises for the first time since the nationalization programme began back in the January 1972.

[13] As dr. Farrukh Saleem maintained: "Our minister of finance may not make favourable headlines, but he has made history.

"[14] Addressing a press conference at Nine Zero Secretariat, MQM's convener dr. Farooq Sattar said that the increase of General sales tax (GST) is a "merciless step" for the low-income class people.

[14] The MQM leader said the PML-N government also failed to introduce any policy to bring back looted money.

[15] According to SST Teachers Association, it was for the first time in the country's history that government employees have been totally neglected.

[15] The Sindh based APTA association appealed to the PML(N) to reconsider the budget policy to fixing the minimum salary of workers at ₨.

"[15] After the severe criticism from the public, the adjustments were carried out Finance Minister Ishaq Dar and raised salaries of government personnel by 10.2% following recommendations of the committee tasked to review its feasibility.

Ishaq Dar said that the government has already devised a strategy to overcome the prevailing challenges at economic front including energy crisis.Before the presentation of the budget in the National Assembly, the meeting of National Economic Council (NEC) was scheduled to be held on Monday 10 June to consider and approve funding for Public Sector Development Programme(PSDP) (2013–14).Senator Ishaq Dar said that the circular debt has expanded to Rs.

500 billion and for resolving energy crisis there is dire need to get rid of this burden adding that the upcoming budget would be devised in a way to come out of this vicious circle.

He was of the view that country was facing several challenges however,added that the government would try its best to overcome these and help economic development.He said that inflation was also one of the pressing issues but it could not be brought down overnight and would take some time to provide relief to masses.

He said that the International Monetary Fund (IMF) post-monitoring program missions is scheduled to visit Pakistan in the third week of June.

He said there is dire need to enhance income and resources to help improve economy and lead the country towards progress and prosperity.