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Salient Features
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NFC
session will be convened.
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Agriculture sector ignored during last 8 years, wheat
support price to be re-evaluated in next season for
improving agriculture sector.
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Rs.
75 billion reserved for improvement in population
resources.
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All
contractual employees up to Grade 15 being
regularized.
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Import duty levied on Luxury vehicles to be increased
from 90 to 100 percent.
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Defence budget to be tabled in National Assembly and
all its components to be discussed.
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The
performance of Securities and Exchange Commission
being further enhanced to protect investors.
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Pay
and Pension committee to be set up to review salaries
and allowances of employees.
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Rs. 34 billion allocated for Benazir Support Program,
which will be later, increased to Rs. 50 billion.
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Govt. to check rising cost of production, and
spiraling of prices, effective measures being taken to
control the problem.
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90
percent tax exemption to be given for development of
industry in rural areas in first year.
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Domestic and foreign investors will be encouraged to
initiate new projects in Pakistan.
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Reduction in expenditures of the Prime Minister’s
Secretariat and National Assembly.
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Low
Cost Housing.
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One million housing units to be built for low-income
groups.
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Minister
of Finance, Revenues, Economic Affairs and
Privatization, Syed Naveed Qamar is presenting the
budget at the floor of lower house.
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