Finance Minister Shaukat Tarin while presenting budget for financial year of 2021-22 has said that the government wants to faciliate the public through their scheme ‘Meri Car Scheme’.
“The citizens could get benefit of this scheme,” said Shaukat Tarin.
He said: “Excise duty has been abolished on small cars of 800 CC besides customs and regulatory duty,”.
The minister said that there was also relaxation on tax for purchasing electric vehciles.
The vehciles already manufactured as well as the new model vehciles were exempted from advanced custom duty , he added.
“ML 1 project will be completed in three phases,” annouced Mr. Tarin, adding that it would bring a revolution in railways’ sector.
For electrictiy projects, Rs 118billions amount was allocated in the annual budget, he said, adding that 25 per cent additional amount would be provided to the provices.
Tarin said that Rs 57 billion was allocated for Daso Hydro Power project. The Finance Minister said that the PTI government was leading the economy to stability in the country as current account deficit was also recovered.
He went on to say that experts increased by 14 per cent last year and Pakistan entered into economic growth club. He said the PTI government saved the country from becoming “bankrupt” and expenditures were controlled for this purpose.