Islamabad: The federal budget for the next fiscal year will be presented in the National Assembly today, Finance Minister Muhammad Aurangzeb will present a federal budget of Rs 17,500 billion._x000D_
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The tax revenue target in the budget will be Rs 15,267 billion, a huge amount of Rs 7,824 billion will be allocated to pay interest on loans. Rs 3,000 billion will be kept for the defense budget._x000D_
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In addition, there is a possibility of an increase in the salaries and pensions of government employees, while there is a plan to collect Rs 1,727 billion in petroleum levy._x000D_
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The export target in the budget will be set at $ 32.8 billion and the import target at $ 70 billion, no new development projects will be started, work will be done on already ongoing development projects._x000D_
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In addition, the tax exemption of the former FATA is likely to be abolished._x000D_
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The National Assembly session to present the budget will begin at 3 pm. Earlier, a meeting of the federal cabinet has been called for 2:30 pm today._x000D_
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The new federal budget will be approved in a meeting chaired by the Prime Minister at Parliament House. Federal Finance Minister Muhammad Aurangzeb will brief the cabinet on the budget.
