The federal budget for 2024-25 has received widespread acclaim from citizens and the business community, praised as a people-friendly initiative that promises enhanced economic stability. Announced by the government, the budget includes several measures designed to foster growth and improve public welfare, according to private news channels on Thursday.
Key Highlights of the Budget
One of the standout features of the budget is the establishment of a digitization authority. This initiative is expected to improve tax collection and document the economy more effectively, garnering positive feedback from various sectors.
“This initiative is a game-changer. It will bring more transparency and efficiency to our tax system,” said Ahmed Khan, a local businessman.
Significant Benefits for Citizens
The budget also includes a significant increase in employee salaries and a 27% boost in the Benazir Income Support Programme (BISP). These measures aim to provide immediate relief to the general public.
“The increase in Benazir Income Support Programme (BISP) funds will greatly help families in need. It is a commendable move by the government,” remarked Ayesha Ali, a school teacher.
Focus on the IT Sector
The IT sector is another major focus of the budget, with reforms and schemes introduced to increase exports and create new opportunities for the youth.
“These reforms will not only boost our IT exports but also open up new avenues for young professionals,” said Salman Raza, an IT specialist. “It is encouraging to see the government investing in the future of our youth.”
The federal budget 2024-25 is being celebrated as a comprehensive plan that addresses key areas of the economy, from tax reforms to social welfare and the IT sector. Citizens and businesses alike are optimistic about the positive impact these measures will have on the country’s economic landscape.
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