Published in: June 2019
The Sindh assembly has adopted a zero deficit budget PKR 1.22Tn deficit-free budget for 2019-20. The budget has been developed on a tight-pocketed theme. First priority in terms of budgetary allocations has been given to education followed by health and law and order. SRB has been given a challenging target of PKR 145Bn for the year. Many services sectors that were hitherto out of the tax net (including ride hailing services) have brought into it while rates of CVT applicable on immovable properties has been increased. Unfortunately, the budget has again ignored infrastructural development in Karachi as only a small number of development projects have been announced.