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    Post Rs 2.975 trillion federal budget finalised

    ISLAMABAD: The federal budget with an outlay of Rs 2.975 trillion for the upcoming fiscal year 2012-13 has been finalised, and will be announced on June 1. The federal tax collection target has been set at Rs 2.338 trillion, including Rs 85 billion new taxes through broadening of tax base and administrative measures to generate additional revenues.The decision to increase the salaries and pensions of government employees has been left to the federal cabinet, however, a 25 to 30 percent increase ... more

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