ISLAMABAD - State Minister for Finance, Revenue and Planning and Development Saleem H Mandviwalla, on Thursday informed the lower house of Parliament that Pakistan had received a total of $3.605 billion from United States under the Coalition Support Fund.
While giving details about the receiving CSF, he informed the house that Pakistan received $0.655 billion CSF in 2007-08, $0.913 billion in 2008-09, $1.294 billion in 2009-10, and $0.743 billion in 2010-11.
While answering to another question, Mandviwalla said that the State Bank of Pakistan had never announced that root cause of all economic ills was poor governance.
To another question, the minister informed the house that the government during the last 4 years had collected a total amount of Rs 343,867 million under the head of Petroleum Levy.
He further informed the house that the revenue from Petroleum Levy was a part of the federal consolidated fund and it was not possible to correlate specific receipts with specific expenditure.
Mandviwalla also informed the National Assembly that based on provisional figures the budget deficit during the period July-December 2012 was projected at 2.8 per cent of GDP as against 4.7 per cent of GDP estimated of the financial year 2012-13.
The federal net revenue receipt amounted to Rs.759 billion against target of Rs.1775 billion for whole year. He also informed that federal expenses remained Rs 1497 billion against budgetary allocation of Rs 2,960 billion for whole year 2012-13. Provincial surplus of 1st half of the current financial year amounted to Rs 87 billion, he said.
Minister In charge of the Prime Minister's Secretariat during the question hour session, told the house that the government had established five Pakistan Sweet Homes during 2011-12 for the destitute children.
To another question, he told the house that the Registration Enforcement Initiative 2012 had been devised to attempt through a simple scheme to register and bring into tax net non-filers of tax returns.
The other scheme called Investment Tax Scheme will attempt through a simple scheme to provide a mechanism and cover to regular filers in addition to non filers of income tax returns to declare undeclared income assets/expenditure up to the value of Rs 5 million by payment of token tax. He said that both the schemes are aimed at enhancing the number of taxpayers and to bring the undocumented income/assets into the documented sector, which will provide buoyancy to the national economy and deepen as well as broaden the tax base.