Budget 2020-21: Rs56bn tax relief for small businesses in Punjab budget
Jun 16, 2020
Lahore (Pakistan) June 16: Facing an uncertain income stream amid surging number of Covid-19 infections and deaths across Punjab, the Usman Buzdar government's Rs2,240.7bn budget for the next financial year announced on Monday proposed to modestly increase development and current spending, including coronavirus-related expenditure of Rs50bn, give significant tax relief of Rs56bn to small businesses affected by the pandemic outbreak, encourage digitisation and documentation of the economy, and, at the same time, produce a cash surplus of Rs125bn to hold down the federal fiscal deficit.
