The total outlay of the budget 2015-16 is Rs4,451.3 billion.The size of the outlay is 3.5 percent higher than the size the budget estimates of 2014 15. The resource availability during 2015-16 has been estimated at Rs.4 168.3 billion against Rs4 073.8 billion in the budget estimates of 2014-15.

• Total budget outlay Rs 4.451 trillion
• Deficit Rs 16.25 trillion
• New taxes Rs 253 billion
• Rs 700 billion allocated for PSDP
• Rs 20.88 billion allocated for health
• Rs 71.5 billion allocated for education the Higher Education Commission has been given Rs20.5 billion, Rs4.5 billion less than this year’s HEC development budget.
• Growth rate target 5.5% for 2015-16
• Rs31 billion allocated for water management
• Government has allocated 102 billion rupees for Benazir Income Support Programme
• Defence spending goes up to Rs781 billion after 11% hike
• 28 billion allocated for WAPDA
• 100% increase in tax on mobile handsets
• Tax exemptions for airlines, airports the government announced tax exemptions on import of aircraft, their spare parts, training simulators and equipment used in repair and maintenance of airplanes
• Rs3 billion allocated for Ramzan package

Relief Packages

 Agriculture Relief Package

• Tax Holiday for Agricultural Delivery Chain
• The exemption for 4 year for Halal’ Meat Production Companies
• Relief to Rice Mills
• Exemption on Supply of Fish
• Interest Free Loans for Solar Tube Wells

Package for Construction/Housing Sectors

• Suspension of Minimum Tax on Builders
• Reduction in customs duty on import of Construction Machinery

Incentive Package for Manufacturing:

• Employment Credit to Manufacturers
• Exemption to Greenfield Projects

Incentives for Companies

• Tax rate for companies reduced from 35% to 32%
• 20% increase in tax credit for companies enlisting in any registered stock exchange
• Capital limit for small companies to enhance to Rs 50 million

Incentives for Aviation Sector:

Exemption from Customs Duty and Sales Tax:

Other Relief Measures

• Tax rate reduced to 2% for salaried taxpayers earning Rs 400,000 to 500,000; for non-salaried with same income, tax rate reduced to 7%.
• Advance income tax on vehicle’s token tax reduced from 20 to 25% for filers; on transfer reduced by 75% for filers and one-third for non-filers

New Taxes

• Rate of Capital Gains Tax for securities increased from 12.5% to 15% and from 10% to 12.5%
• For non-filer of income tax return increase in tax rate for contractors by 3%, for suppliers 2%, for commission agent 3% and 2.5% on profit on deposit
• Advance income tax on transactions at of 0.6% for non-filers on all banking instruments and fund transfers
• Uniform tax of 35% on all sources of income for banks – 2.5% increase on tax ratio on dividends for non-filers
• 10% withholding tax on resident taxpayers on renting out or use of commercial, industrial and scientific equipment
• One-time tax on affluent individuals/companies having income above Rs. 500 million at 4% of income for banking companies and 3% for others for rehabilitation of IDPs of FATA and Khyber Pakhtunkhwa