Explanatory Memorandum on Federal Receipts
The Explanatory Memorandum on Federal Receipts is part of the federal budget for FY 2024-25. This page reproduces the text of its 79 PDF pages, extracted automatically from the official PDF published by the Finance Division, Government of Pakistan.
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Page 1
FEDERAL BUDGET
2 0 2 4 - 2 5
GOVERNMENT OF PAKISTAN
FINANCE DIVISION
ISLAMABADPage 2
No text layer on this page, see the official PDF.
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P R E F A C E
Article 80 of the Constitution of Islamic Republic of Pakistan requires that the Federal
Government shall,in respect of every financial year,cause to be laid before the National
Assembly a statement of estimated receipts and expenditure of the Federal Government
for that year,referred to as the Annual Budget Statement. The statement shall also be
transmitted to the Senate as required under Article 73(1) of the Constitution.
“Explanatory Memorandum on Federal Receipts” is a supplementry document
elaborating upon the nature and source of all the receipts included in the Annual
Budget Statement.The document distinguishes these receipts into internal,external and
public account receipts and further categorizes them as tax,non-tax and capital
receipts.External receipts comprise of foreign project loans and grants while public account
receipts include deferred liabilities and deposit reserves.
The publication also provides the distribution of resources between the federal and
provincial governments as per the 7th National Finance Commission Award.
IMDAD ULLAH BOSAL
Secretary to the Government of Pakistan
Finance Division
Islamabad, the 12th June, 2024Page 4
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CONTENTS
Page No.
Chapter 1: Overview of Federal Resources 1-2
Part- I Internal Receipts 3
Chapter 2: Revenue Receipts 4-6
Chapter 3: Tax Revenue Receipts 7
I. FBR Taxes 7-9
i. Direct Taxes
ii. Sales Tax
iii. Federal Excise Duty
iv. Customs Duty
Chapter 4: Non Tax Revenue Receipts 10
I. Levies and Fees 10-11
i. Mobile Handset Levy
ii. Receitps of ICT Administration
iii. Airport Fee
II. Income From Property and Enterprises 12-21
i. Surplus Profit of PTA & other Government
ii. Mark-up Receipts
iii. Dividend
III. Receipts from Civil Administration etc 22-27
i. General Administration Receipts
ii. Surplus Profit of State Bank of Pakistan
iii. Defence Services Receipts
iv. Law and Order Receipts
v. Community Services Receipts
vi. Social Services Receipts
IV. Miscellaneous Receipts 28-40
i. Economic Services Receipts
ii. Foreign Grants
iii. Other Receipts
iv. Extra Ordinary Receipts
v. Citizenship, Naturalization and Passport Fee
vi. Petroleum Levy
vii. Natural Gas Development Surcharge
viii. Royalty on Oil and GasPage 6
Page No.
ix. Discount Retained on Local Crude Oil
x. Windfall Levy against Crude Oil
xi. Gas Infrastructure Development Cess
Chapter 5: Provincial Share in Revenue Receipts 41-46
Chapter 6: Capital Receipts 47-55
I. Recoveries of Loans and Advances
II. Domestic Debt Receipts (Non Bank) - Net
III. Domestic Debt Receipts (Bank) - Net
Chapter 7: Public Account Receipts 56-60
I. Deferred Liabilities (Net)
II. Deposits and Reserves (Net)
Chapter 8: Privatization Proceeds 61
Part - II External Receipts 62
Chapter 9: Estimates of Foreign Assistance 63-73
I. Project Loans
II. Programme Loans
III. Other LoansPage 7
CHAPTER 1: AN INTRODUCTION TO FEDERAL RESOURCES
1.1 Resource Mobilization is essential to meet the recurring as well as development expenditure. At
Federal level, resources are generated through a well-coordinated and concerted effort by the
revenue collecting agencies and other administrative units. The moneys (revenues,all loans,aid)
received by the Federal Government or on behalf of the Federal Government forms part of Federal
Consolidated Fund (FCF) & Public Account of the Federation in pursuance of Article 78(1) & 78(2) of
the Constitution of Islamic Republic of Pakistan.
1.2 Federal Revenue Receipts are broadly categorized as :-
(I) Tax Revenue (TR)
(II) Non-Tax Revenue (NTR)
1.3 Federal Board of Revenue (FBR) is the major tax collecting agency as it collects substantial portion
of Tax Revenue. Tax Revenue collected by FBR constitutes the Divisible Pool Taxes to be
distributed amongst the Provinces along with other Straight Transfers in accordance with the
provisions of National Finance Commission Award.As per Section 2(ma) of the Public Finance
Management Act, 2019 (amended), Non-Tax Revenue means revenues received by the Government
in terms of clause (1) of Article 78 of the Constitution, and the recurring income of the Government
from investments and provision of services but does not include those mentioned in clause (3) of
Article 160 of the Constitution.
1.4 In addition to Revenue Receipts, there are Capital Receipts reflected in Annual Budget Statement.
Capital Receipts comprise Recoveries of loans and advances from Provincial Governments, local
bodies, financial institutions,etc. as well as Public Debt raised through various government
securities.Net proceeds of National Saving Schemes and net receipts from transactions under
Deposits and Reserves head being Public Account Receipts, form part of Public Account of the
Federation.
1.5 External Resources comprise project loans and grants, programme loans and other loans which are
received from specialized financial institutions and friendly countries for specific development needs
and budgetary requirements.Federal Receipts may also be classified as Internal Receipts and
External Receipts. Internal Receipts comprise of Revenue receipts and Capital receipts. External
Receipts comprise of project aid, loans and grants.Page 8
TABLE 1
SUMMARY OF FEDERAL RESOURCES
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Revenue Receipts
B 1. Tax Revenue Receipts 9,415,000.000 9,252,000.000 12,970,000.000
FBR Taxes 9,415,000.000 9,252,000.000 12,970,000.000
B01 Direct Taxes 4,255,000.000 3,721,000.000 5,512,000.000
B02 Indirect Taxes 5,160,000.000 5,531,000.000 7,458,000.000
2. Non Tax Revenue Receipts 2,963,164.056 2,947,849.946 4,845,414.931
B03 Levies and Fees 29,433 20,877 24,809
Income from Property and
C01 398,054 517,642 477,117 Enterprise
C02 Receipts from Civil Administration, etc. 1,168,492 1,015,704 2,555,738
C03 Miscellaneous Receipts 1,367,185 1,393,627 1,787,751
3. Total Revenue Receipts (1+2) 12,378,164.056 12,199,849.946 17,815,414.931
4. Capital Receipts 2,531,118.853 2,801,503.065 3,034,379.457
E02 Recovery of Loans and Advances 632,200.000 393,541.000 491,999.000
E03 Domestic Debt Receipts (Net) 1,898,918.853 2,407,962.065 2,542,380.457
14,909,282.91 15,001,353.011 20,849,794.388 5. Total Internal Receipts (3+4)
6. External Receipts 7,169,135.790 5,053,335.000 5,685,801.000
Total Internal and External Receipts
7. 22,078,418.70 20,054,688.011 26,535,595.388 (5+6)
8. Public Account Receipts 7,210.224 (94,571.718) 120,232.105
Deferred Liabilities (Net) (38,396.064) (160,153.881) 53,035.400
Deposits and Reserves (Net) 45,606.288 65,582.163 67,196.705
9. Gross Federal Receipts (7+8) 22,085,628.92 19,960,116.293 26,655,827.493
10. Less Provincial Share in Federal Taxes 5,399,001.19 5,426,374.21 7,438,000.00
11. Net Federal Receipts 16,686,627.73 14,533,742.086 19,217,827.493Page 9
PART-I
INTERNAL RECEIPTS
(TAX REVENUE,NON-TAX REVENUE AND CAPITAL RECEIPTS)Page 10
CHAPTER 2: REVENUE RECEIPTS
2.1 Revenue Receipts constitute major component of total Federal resources. Revenue Receipts are
mainly categorized as Tax Revenue Receipts and Non-Tax Revenue receipts, which are largely
derived from the following sources:-
i. Collection of Federal Taxes by FBR
ii. Surplus Profit of Regulatory Authories/Bodies
iii. Mark up on loans advanced by the Federal Government
iv. Dividend
v. Fees, penalties and other Miscellaneous receipts realized by
administrative Ministries and Divisions of the Federal Government
vi. Surcharges, Cess, Levy and Royalty on Petroleum
2.2 TAX REVENUE RECEIPTS
2.2.1 Tax Revenue is administered by the Federal Board of Revenue (FBR), which comprises Inland
Revenue i.e, Direct Taxes, Sales Tax and Federal Excise Duty, and Customs Duty. FBR taxes may
also be categorized as Direct Taxes and Indirect Taxes. Direct Taxes comprise of Income Tax,
Capital Value Tax , Ordinary Collection (WWF) and Contribution under Companies Profits
(WPPF).Indirect Taxes include Sales Tax, Federal Excise Duty and Customs Duty.
2.3 NON TAX REVENUE RECEIPTS
2.3.1 Non-Tax Revenue means revenues received by the Government in terms of clause (1) of Article 78
of the Constitution and the recurring income of the Government from investments and provision of
services but does not include those mentioned in clause (3) of Article 160 of the Constitution. Non-
Tax Revenue of the Federal Government is administered by various Ministries / Divisions/
Departments under the following broad categories:
i) Levies and Fees
ii) Income from Property and Enterprise
iii) Receipts from Civil Administration etc
iv) Surplus Profit of Regulatory Authories/Bodies
v) Dividend
vi) Miscellaneous RecieptsPage 11
Summary of Revenue Receipts with Budget Estimates and Revised Estimates for Fiscal Year 2023-
24 and Budget Estimates for Fiscal Year 2024-25 is given as under;
TABLE 2
SUMMARY OF REVENUE RECEIPTS
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
I. TAX REVENUE 9,415,000.000 9,252,000.000 12,970,000.000
FBR Taxes (1+2) 9,415,000.000 9,252,000.000 12,970,000.000
B01 (1) Direct Taxes 4,255,000.000 3,721,000.000 5,512,000.000
B011 Taxes on Income 4,203,531.000 3,681,888.000 5,454,062.000
B01501 Ordinary Collection (WWF) 15,666.000 11,231.000 16,637.000
Contribution under Companies Profit B01502 34,878.000 17,308.000 25,639.000 (WPPF)
B017-18 Capital Value Tax 925.000 10,573.000 15,662.000
B02 (2) Indirect Taxes 5,160,000.000 5,531,000.000 7,458,000.000
B020-22 Customs Duty 1,211,000.000 1,324,000.000 1,591,000.000
B023 Sales Tax 3,411,000.000 3,607,000.000 4,919,000.000
B024-25 Federal Excise Duty 538,000.000 600,000.000 948,000.000
II. NON TAX REVENUE (1+2+3+4) 2,963,164.056 2,947,849.946 4,845,414.931
B03 (1) Levies and Fees 29,433.040 20,876.920 24,809.230
B03087 Mobile Handset Levy 10,000.000 8,000.000 10,000.000
B013,14, Receipts of ICT Administration 19,380.040 12,823.920 14,756.23016,26-30
B03064 Airport Fee (CAA) 53.000 53.000 53.000
C01 (2) Income from Property & Enterprise 398,054.128 517,642.060 477,116.583
C01008 PTA (4G/5G Licences) 72,597.000 30,941.000 32,612.000
C01012 PTA (Surplus) 1,628.000 2,802.451 1,200.000
Surplus Profit of other Regulatory C01012 7,203.000 1,167.980 10,036.300 Authorities
C012 Mark up (Provinces) 77,201.128 89,736.504 96,353.283
C013-18 Mark up (PSEs & Other) 118,000.000 300,000.000 198,000.000
C019 Dividend 121,425.000 92,994.125 138,915.000
contd….Page 12
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Receipt from Civil Admn & Other
C02 (3) 1,168,492.028 1,015,704.142 2,555,738.412
Functions
C021-24 General Administration 7,613.255 4,593.710 4,845.918
Surplus Profit of State Bank ofC02211 1,113,000.000 972,182.543 2,500,000.000 Pakistan
C025 Defence Services Receipts 41,255.754 31,189.228 42,427.073
C026 Law and Order Receipts 2,016.295 2,123.829 1,954.255
C027 Community Services Receipts 2,629.419 3,892.250 4,586.230
C028 Social Services Receipts 477.305 422.582 424.936
C029 Social Services Receipts (Misc) 1,500.000 1,300.000 1,500.000
C03 (4) Miscellaneous Receipts 1,367,184.860 1,393,626.824 1,787,750.706
C031-35 Economic Services Receipts 15,806.430 13,116.017 16,916.120
C03601 Foreign Grants 25,000.000 6,000.000 15,000.000
C03725 Extraordinary Receipts (UNO) 58,322.299 37,200.000 46,000.000
C037 Extraordinary Receipts (Others) 2,646.867 4,755.311 5,853.650
Citizenship, Naturalization & PassportC03897 59,004.000 59,004.000 75,004.500 Fee
C038 Other Receipts of Attached Departments 65,405.264 75,662.496 100,516.436
C03901 Petroleum Development Levy 869,000.000 960,000.000 1,281,000.000
C03902 Natural Gas Development Surcharge 40,000.000 27,169.000 25,618.000
C03905 Royalty on Oil 50,000.000 57,917.000 58,654.000
C03906 Royalty on Gas 75,000.000 93,567.000 103,751.000
C03910 Discount Retained on Local Crude Oil 20,000.000 25,000.000 25,000.000
C03915 Windfall Levy against Crude Oil 35,000.000 28,000.000 28,000.000
C03916 Gas Infrastructure Development Cess 40,000.000 2,500.000 2,500.000
C03917 Petroleum Levy on LPG 12,000.000 3,516.000 3,537.000
C03919 Windfall Levy on Gas - 220.000 400.000
Total Revenue (Other than FBR) 2,963,164.056 2,947,849.946 4,845,414.931
Total Revenue (including FBR) 12,378,164.056 12,199,849.946 17,815,414.931
Less Prov share in Federal Taxes 5,399,001.189 5,426,374.207 7,438,000.000
Net Federal Revenue Receipts 6,979,162.867 6,773,475.739 10,377,414.931Page 13
CHAPTER 3: TAX REVENUE RECEIPTS
3.1 FBR TAXES
3.1.1 Tax Revenue collected by Federal Board of Revenue (FBR) comprises of Direct Taxes,Sales
Tax,Federal Excise Duty(FED) and Customs Duty.The Inland Revenues include Direct taxes,sales
tax and FED.The Direct Taxes mainly comprise of Income Tax. The following table shows the
Budget Estimates for FY 2023-24,Revised Budget Estimates FY 2023-24 and Budget Estimates for
FY 2024-25.
TABLE 3
ESTIMATES OF FBR TAXES
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
B01 Direct Taxes 4,255,000.000 3,721,000.000 5,512,000.000
B023 Sales Tax 3,411,000.000 3,607,000.000 4,919,000.000
B024-25 Federal Excise 538,000.000 600,000.000 948,000.000
B020-22 Customs Duties 1,211,000.000 1,324,000.000 1,591,000.000
Total 9,415,000.000 9,252,000.000 12,970,000.000
3.1.2 Detailed analysis of individual taxes/duties are highlighted below:
3.1.3 DIRECT TAXES
3.1.3.1 The revenue collection of Direct Taxes for July-March 2023-24 stood at Rs.3,265 billion with growth
of 41%.The Revised Budget Estimates of Direct Taxes for FY 2023-24 was estimated at Rs.3,721.0
billion. The Budget Estimates for FY 2024-25 has been estimated at Rs.5,512.0 billion.
3.1.3.2 Along with Income Tax , Workerss Welfare Fund (WWF) and Workers Profit Participation Fund
(WPPF) are also collected by field formation of Inland Revenue.The Budget estimate for receipts of
WWF and WPPF for 2024-25 have been estimated at Rs.16.6 billion and Rs.25.6 billion,
respectively. while for Capital Value Tax (CVT) is Rs. 15.7 billion.
3.1.3.3 The Budget Estimates FY 2023-24, Revised Budget Estimates FY 2023-24 and Budget Estimates for
2024-25, on account of Direct Taxes are tabulated hereunder in Table 4:
TABLE 4
DIRECT TAXES
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
B011 Income Tax 4,203,531.000 3,681,888.000 5,454,062.000
B017-18 Capital Value Tax (CVT) 925.000 10,573.000 15,662.000
B01501 Ordinary Collection (WWF) 15,666.000 11,231.000 16,637.000
Contribution under Companies ProfitB01502 34,878.000 17,308.000 25,639.000 (WPPF)
Total 4,255,000.000 3,721,000.000 5,512,000.000Page 14
3.1.4 Sales Tax
3.1.4.1 The revenue collection of Sales Tax for July-March FY 2023-24 stood at Rs.2,237.1 billion as against
Rs.1,901.1 billion in the corresponding period of the last financial year showing an increase of
17.7%. The Revised Budget Estimates for FY 2023-24 are estimated at Rs.3,607.0 billion.The
Budget Estimates for FY 2024-25 have been estimated at Rs.4,919.0 billion.
TABLE 5
SALES TAX
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
B023 Sales Tax (excluding services) 3,398,342.000 3,592,220.000 4,898,844.000
Sales Tax on Services (ICT) 12,658.000 14,780.000 20,156.000
B023 Total 3,411,000.000 3,607,000.000 4,919,000.000
3.1.5 Federal Excise Duty
3.1.5.1 The revenue collection of FED for July-March FY 2023-24 remained at Rs.401.9 billion as against
Rs.244.8 billion in the corresting period of the last financial year showing a growth of 64.2%. The
Revised Budget Estimate for FY 2023-24 was projected at Rs.600.0 billion.The Budget Estimates for
FY 2024-25 have been estimated at Rs.948.0 billion.
TABLE 6
FEDERAL EXCISE DUTY
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
B024 Beverage & Beverage Concentrate 68,538.000 60,926.000 96,263.000
Cement 105,141.000 75,620.000 119,480.000
Cigarettes & Tobacco 213,009.000 204,869.000 323,693.000
Natural Gas 14,295.000 7,439.000 11,754.000
POL products 4,112.000 3,059.000 4,833.000
Imported Goods 7,526.000 3,290.000 5,198.000
Total Services 71,872.000 62,606.000 98,918.000
Sub-Total 484,493.000 417,809.000 660,139.000
Other Items 53,507.000 182,191.000 287,861.000
B024 Gross Total 538,000.000 600,000.000 948,000.000Page 15
3.1.6 Customs Duty
3.1.6.1 The revenue collection of Customs Duty for July-March FY 2023-24,stood at Rs.807.8 billion
showing an increase of 15.2% as compared to the corresponding period of FY 2022-23.The Revised
Budget Estimate for FY 2023-24 was projected at Rs.1,324.0 billion.The Budget Estimates for FY
2024-25 has been estimated at Rs.1,591.0 billion.
3.1.6.2 A summary of Customs Duty target including the projection of Collection from major revenue
spinners during the FY 2023-24 and FY 2024-25 is given at Table 7
TABLE 7
CUSTOMS DUTIES REVENUE
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
B020-22 Vehicles (Non-Railway) 124,193.000 144,580.000 173,737.000
POL Products 356,161.000 385,484.000 463,221.000
Iron & Steel 70,623.000 80,380.000 96,590.000
Machinery Mechanical Appliances 46,742.000 57,823.000 69,483.000
Electrical machinery 48,240.000 62,963.000 75,660.000
Edible Oil 63,331.000 53,109.000 63,819.000
Plastic Resins etc 45,170.000 51,711.000 62,139.000
Articles of Iron and Steel 21,785.000 20,360.000 24,466.000
Paper and Paperboard 27,172.000 31,528.000 37,886.000
Textile Materials 14,980.000 24,592.000 29,551.000
Tea & Cofee 28,179.000 36,437.000 43,785.000
Organic Chemicals 9,771.000 9,936.000 11,939.000
Dyes and Paints 12,655.000 14,879.000 17,879.000
Export Development Surcharge(EDS) 14,902.000 25,832.000 31,042.000
Misc.Chemical Products 6,921.000 7,589.000 9,119.000
Staple Fibers 3,294.000 3,571.000 4,292.000
Other 360,582.000 350,525.000 421,213.000
B020-22 Total Gross Collection 1,254,701.000 1,361,299.000 1,635,821.000
Refund and Rebates 43,701.000 37,299.000 44,821.000
Net Collection 1,211,000.000 1,324,000.000 1,591,000.000Page 16
CHAPTER 4: NON TAX REVENUE
4.1 Non-Tax Revenue represents the recurring income earned by the Federal Government from
sources other than taxes. The major receipts under this head are "Interest receipts"(received on
loans extended by the Federal Government to provinces, Public Sector Enterprises etc), dividends
received from public sector entities and profits earned by various regulatory authorities. Various
services provided by the government i.e social services, community services, economic services,
defence services etc also yield revenue for the government. Broadly, Non-Tax Revenue falls under
four major heads i.e Levies and Fees,Income from Property and Enterprise, Receipts from civil
administration and other functions and Misc Receipts of the Federal Ministries, Divisions and
Departments.Break up of Non-Tax Revenue receipts against
ministries/divisions,departments,institutions and authorities is given at page No:
4.2 Summary of Non-Tax Revenue with Budget and Revised Estimates for Fiscal Year 2023-24 and
Budget Estimates for Fiscal Year 2024-25 is given below:-
TABLE 8
Summary of Non-Tax Receipts
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
B03 Levies and Fees 29,433.040 20,876.920 24,809.230
C01 Income from Property and Enterprise 398,054.128 517,642.060 477,116.583
C02 Receipts from Civil Admn and other functio 1,168,492.028 1,015,704.142 2,555,738.412
C03 Miscellaneous Receipts 1,367,184.860 1,393,626.824 1,787,750.706
TOTAL 2,963,164.056 2,947,849.946 4,845,414.931
4.3 Levies and Fees
4.3.1 The major sources of Levies and Fees comprise the receipts of the Islamabad Capital Territory
Administration, Mobile Handset Levy and Airport Fee.
4.3.2 Receipts of Islamabad Capital Territory Administration
4.3.2.1 There are a number of levies and fee which are collected by the ICT Administration. These receipts
are collected under various laws, however the said laws were not revised since lapse of considerable
time. Therefore, through Finance Act, 2019, all these laws were revised through a consultative
process and in a structured manner.
4.3.3 Mobile Handset Levy
4.3.3.1 Mobile Handset Levy was imposed through Finance Act 2018 on import of expensive mobile
handsets to support the local industry.Page 17
4.3.4 Airport Fee
4.3.4.1 Civil Aviation Authority collects Airport Fee from domestic passengers for various services offered at
the airports at rates notified by the Government from time to time. The Airline companies charge
Airport Tax at the time of preparation of Air Ticket and deposit the same in the Federal treasury.
4.3.4.2 Budget and Revised Estimates for Fiscal Year 2023-24 and Budget Estimates for 2024-25 on
account of Levies and Fees are tabulated here under:-
TABLE 9
Levies and Fees
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Receipts of Islamabad Capital
(A) 19,380.040 12,823.920 14,756.230
Territory(ICT)
B013 Property Tax 750.000 300.000 350.000
B014 Land Revenue (Mutation Fee) 120.000 500.000 550.000
B016 Tax on Profession Trade Callings 150.000 120.000 150.000
B02601 Provincial Excise 300.000 500.000 550.000
to 2628
B02701
Stamp Duties 6,000.000 1,500.000 2,000.000
to 2735
B02801 Motor Vehicles registration fee 7,500.000 6,500.000 7,500.000
B02802 Motor Vehicles Annual Token Fee 4,000.000 2,800.000 3,000.000
B02812 Vehicles Route Permit Fee 1.500 1.500 1.800
B03021 Education Cess 0.040 0.020 0.030
B03052 Tobacco License Fee 0.500 0.400 0.400
B03053 Real Estate/M.V Dealer License Fee 8.000 2.000 4.000
Tax on Hotels levied under Finance Act
B03056 550.000 600.000 650.000 1965
B03087 (B) Mobile Handset Levy 10,000.000 8,000.000 10,000.000
B03064 (C) Airport Fee 53.000 53.000 53.000
Total Levies and Fees (A+B+C) 29,433.040 20,876.920 24,809.230Page 18
4.4 Income from Property and Enterprise
4.4.1 Income from Property & Enterprise comprises profits earned by state regulatory authorities, Mark-up
receipts on loans extended to provinces, AJK, Public Sector Enterprises, Local bodies, etc and
dividend paid on Federal government's investment in the share capital of financial and non financial
institutions.Revised Estimates for Fiscal Year 2023-24 and Budget Estimates for FY 2024-25 are
given as under:-
TABLE 10
Income from Property and Enterprise
(Rs. In Million)
Object 2023-24 2023-24 2024-25 Description
Code Budget Revised Budget
C01 Income from Property & Enterprise
C010 Total Surplus of Govt Authorities 81,428.000 34,911.431 43,848.300
C012 Total Mark-up (Provinces) 77,201.128 89,736.504 96,353.283
Mark Up (PSEs & Others)
C013 Total Mark Up Local Bodies 148,140.752 139,865.003 147,083.797
C014 Total Mark-up (Financial Institutions) 558.076 558.076 537.626
C015 Total Non-Financial Institutions 52,371.957 54,568.532 58,666.790
C016 Total Government Servants 659.986 471.265 532.847
C017 Total AJK & Others 9,584.502 9,664.968 4,651.355
C018 Total Mark-up Receipts (Others) 110,020.000 170,010.000 110,010.000
Total Mark Up (PSEs & Others) 321,335.273 375,137.844 321,482.415
Estimated Shortfall 203,335.273 75,137.844 123,482.415
Net Mark Up (PSEs & Others) 118,000.000 300,000.000 198,000.000
C019 Total - Dividends 121,425.000 92,994.125 138,915.000
Total Income from Property &
C01 398,054.128 517,642.060 477,116.583
EnterprisePage 19
4.4.2 Surplus Profit of PTA and Other Government Authorities
4.4.2.1 Profits earned by the Regulatory Authorities i.e PTA, NEPRA, SECP, PNRA, PEMRA
,OGRA,PQA,DRAP and AOB by way of levy of fees, charges, penalties etc after setting of their
authorized expenses is deposited in the Federal Consolidated Fund. Brief introduction of Regulatory
Authorities is given as under and related Statistics are given in Table 11.
4.4.2.2 Pakistan Telecommunication Authority (PTA) is mandated to regulate the establishment,
operation and maintenance of telecommunication systems and provision of telecommunication
services in Pakistan, to dispose off applications for the use of radio-frequency spectrum, to promote
and protect the interests of users of telecommunication services in Pakistan, to promote the
availability of a wide range of high quality, efficient, cost effective and competitive telecommunication
services throughout Pakistan, to promote rapid modernization of telecommunication systems and
telecommunication services, to investigate and adjudicate on complaints and other claims made
against licensees arising out of alleged contraventions of the provisions of the Act, the rules made
and licenses issued there under and take action accordingly. PTA receives fees for issuance and
renewal of various telecom licenses. It also imposes fines and penalties for violations.
4.4.2.3 National Electric Power Regulatory Authority (NEPRA) is mandated to develop and pursue a
regulatory framework, which ensures the provision of safe, reliable, efficient and affordable electric
power to the electricity consumers of Pakistan.It facilitate the transition from a protected monopoly
service structure to a competitive environment and maintaining a balance between the interests of
the consumers and service providers in unison with the broad economic and social policy objectives
of the Government of Pakistan. In order to ensure effective regulatory functions, NEPRA charges
different fees at rates notified from time to time for Application & Modification Generation License
Fee, Application & Modification Transmission License Fee, Application& Modification Distribution
License Fee, Application for the Approval of Competitive Bidding. Besides, NEPRA upfront tariff is
also levied like Fees Pertaining to Tariff Standards and Procedures Regulations 2002 i.e Generation
Licenses, Transmission Licenses, Distribution Licenses, Consumers, etc.
4.4.2.4 Pakistan Nuclear Regulatory Authority (PNRA) is entrusted with the responsibility to control,
regulate and supervise all matters related to nuclear safety and radiation protection in Pakistan. It
charges Licensing Fee as approved from time to time from nuclear facilities, radiotherapy and
nuclear cardiology centres etc.
4.4.2.5 Pakistan Electronic Media Regulatory Authority (PEMRA) is required to improve the standards of
information, education and entertainment, to facilitate the devolution of responsibility and power to
the grass roots by improving the access of the people to mass media at the local and community
level and ensure accountability, transparency and good governance by optimization the free flow of
information. PEMRA charges Licensing Fee on prescribed rates for FM Radio, Satellite T.V, MMDS,
IPTV, Cable TV, DTH, Landing Rights, Temporary Uplinking and Mobile TV.
4.4.2.6 Oil and Gas Regulatory Authority (OGRA) has been set up under the Oil and Gas Regulatory
Authority Ordinance dated 28th March 2002 to foster competition, increase private investment and
ownership in the midstream and downstream petroleum industry, protect the public interest while
respecting individual rights and provide effective and efficient regulations. In order to implement
regulatory framework, OGRA issues Licences to oil marketing companies, gas distribution
networks, fertilizer manufacturing plant etc and charge fees for the services. It also carries out
inspections of oil and gas distribution networks and imposes penalties.Page 20
4.4.2.7 Drug Regulatory Authority of Pakistan(DRAP) has been established under the DRAP Act 2012
with a mandate to provide effective coordination and enforcement of the Drug Act,1976 and to bring
harmony in inter provincial trade and commerce of theraptic goods.The regulatory functions of DRAP
include registration and marketing,authorization,inspection,laboratory testing,clinical trials etc and fee
is charged against theses services.
4.4.2.8 Audit Oversight Board(AOB) is an organization formed under Part IXC of securities and Exchange
Commission of Pakistan Act,1997.AOB was established in Pakistan to provide oversight to ensure
audit quality of Public Interest Companies(PICs).AOB imposes penalities on Audit firms who fail to
comply with requirements of SECP Act,1997.
TABLE 11
Surplus of Govt Authorities
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Surplus of Govt Authorities
A Pakistan Telecommunication Authority 74,225.000 33,743.451 33,812.000
C01008 PTA (4G/5G) 72,597.000 30,941.000 32,612.000
C01012 PTA Surplus 1,628.000 2,802.451 1,200.000
B Surplus +Profit 7,203.000 1,167.980 10,036.300
C01012 NEPRA (Surplus) 300.000 580.000 1,000.000
C01012 SECP (Surplus) 400.000 72.880 70.000
C01012 PNRA (Fines) 3.000 1.800 2.000
C01012 PEMRA (Surplus) 150.000 5.000 6.000
C01012 OGRA (Surplus+Fines) 600.000 500.000 1,000.000
C01012 Port Qasim Authority (Surplus+Fines) 2,000.000 - 5,000.000
C01012 Drug Regulatory Authority of Pakistan 1,500.000 - 1,500.000
C01012 Public Private Partnership Authority 100.000 - 200.000
Pakistan Standard Quality ControlC01012 1,000.000 - 1,100.000
Authority
C01012 Pakistan Engineering Council 1,150.000 - 150.000
C01012 Audit Oversight Board - 8.300 8.300
C010 Total Surplus of Govt Authorities 81,428.000 34,911.431 43,848.300Page 21
4.4.3 Mark Up Receipts
4.4.3.1 Federal Government advances loans to Provinces, Government of Azad Jammu & Kashmir, Public
Sector Enterprises, Local Bodies and others to assist them in carrying out their development
programmes and social initiatives. These loans and advances are of two types, namely, Cash
Development Loans, and Foreign Re-lent Loans. The former is advanced by the Federal
Government out of its own resources whereas the latter is obtained from froeign lenders.
4.4.3.2 Mark up accrued on the loans granted by the Federal Government to provincial governments, local
bodies, financial institutions, non-financial institutions, commercial departments and government
servants and foreign loans is reflected in this section. The mark up is chargeable in accordance with
the terms and conditions of each loan agreement.
4.4.3.3 Unless specified otherwise, every loan other than foreign loan advanced by the Federal Government
to the provincial governments is repayable over a period of 25 years. Moratorium of 5 years is
allowed on recovery of principal. Simple mark up is realized at a rate yearly determined by the
Finance Division, as per actual borrowing cost of the Federal Government.
4.4.3.4 Federal Government also advances loans to the Government servants for house building and for the
purchase of transport etc. These advances are governed by the rules as specified by Finance
Division from time to time.
4.4.3.5 Detail of Statistic of Mark-up is given in Tables 12-19Page 22
TABLE 12
Mark Up Receipts
(Provinces)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Punjab 40,540.997 46,703.741 47,185.455
C01201 Mark-up Cash Loans 270.861 270.861 164.151
C01205 Mark-up Foreign Loans 40,270.136 46,432.880 47,021.304
Sindh 22,761.445 27,648.553 28,240.268
C01202 Mark-up Cash Loans 3,975.384 3,975.384 2,228.994
C01206 Mark-up Foreign Loans 18,786.061 23,673.169 26,011.274
Khyber Pakhtunkhwa 12,900.604 14,010.478 18,242.826
C01203 Mark-up Cash Loans - - -
C01207 Mark-up Foreign Loans 12,900.604 14,010.478 18,242.826
Balochistan 998.082 1,373.732 2,684.734
C01204 Mark-up Cash Loans 164.366 164.366 1,263.602
C01208 Mark-up Foreign Loans 833.716 1,209.366 1,421.132
C012 Total Mark-up (Provinces) 77,201.128 89,736.504 96,353.283
Loan-Wise Break Up
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Mark Up - Cash Loans 4,410.611 4,410.611 3,656.747
C01201 Punjab 270.861 270.861 164.151
C01202 Sindh 3,975.384 3,975.384 2,228.994
C01203 Khyber Pakhtukhwa - - -
C01204 Balochistan 164.366 164.366 1,263.602
Mark Up - Foreign Loans 72,790.517 85,325.893 92,696.536
C01205 Punjab 40,270.136 46,432.880 47,021.304
C01206 Sindh 18,786.061 23,673.169 26,011.274
C01207 Khyber Pakhtoonkhwa 12,900.604 14,010.478 18,242.826
C01208 Balochistan 833.716 1,209.366 1,421.132
C012 Total Mark-up (Provinces) 77,201.128 89,736.504 96,353.283Page 23
TABLE 13
Mark Up Receipts (Local Bodies)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Mark Up (Local Bodies)
Mark Up - Cash Loans (A) 83,557.880 75,468.797 86,705.528
C01399 P.B.C. 173.250 181.567 173.253
C01399 NHA 60,805.700 49,467.970 60,805.695
C01399 PIA 11,468.400 12,159.768 12,159.768
C01399 CDA 322.550 332.327 322.553
C01399 Saindak Metal Ltd - 2,537.484 2,456.284
C01399 Pakistan Machine Tool Factory 51.500 51.500 51.500
C01399 State Engineering Corporation 22.440 22.695 22.442
C01399 Heavy Mechanical Complex Taxila 33.480 34.363 33.480
C01399 Heavy Electric Company 10.300 14.037 10.296
C01399 Lahore Garment City Lahore 52.140 54.544 52.141
C01399 Pakistan Engineering Company 216.960 184.443 216.956
C01399 Printing Corporation of Pakistan 47.130 60.085 47.134
C01399 Pakistan Steel Mil 10,354.030 10,368.014 10,354.026
Mark Up - Foreign Loans (B) 64,582.872 64,396.206 60,378.269
C01399 GIK Institute 0.658 0.654 0.547
C01311 Karachi Port Trust 1,872.362 1,840.082 1,779.529
C01324 P.A.E.C (Chashma Nuclear Power Plant) 9,101.029 8,918.900 7,701.379
C01399 S.K.M.T 1.042 1.035 0.818
C01330 NHA 50,683.657 50,711.410 48,193.341
C01399 PPAF 43.545 43.545 34.616
C01399 NEPRA 1.846 1.846 1.771
C01399 TEVTA 11.388 11.389 7.884
C01517 OGRA 2.106 2.106 2.021
C01322 SSGC 0.955 0.955 0.880
C01399 Gwadar Port Authority 688.752 688.752 688.752
C01399 SUPARCO 1,939.368 1,939.368 1,751.560
C01399 Special Communication Organization 236.164 236.164 215.171
C013 Total Mark Up Local Bodies(A+B) 148,140.752 139,865.003 147,083.797Page 24
TABLE 14
Mark Up Receipts
(Financial Institutions)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Mark up Foreign Loans
C01401 IDBP 1.621 1.621 -
Pakistan Mortage Refinance Co Ltd
C01411 556.455 556.455 537.626 (PMRC)
C014 Total Mark-up (Financial Institutions) 558.076 558.076 537.626
TABLE 15
Mark Up Receipts
(Non-Financial Institutions)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
(I) Power Sector 52,201.277 54,397.979 58,537.632
Mark-up Cash Loans (A) 15,459.040 17,935.677 18,905.100
C01501 WAPDA (water wing) 1,039.740 530.748 523.708
C01502 WAPDA (power wing) 8,357.500 8,357.500 8,098.953
C01599 TESCO 6.010 6.010 3.108
C0150A QESCO 1,749.430 2,190.403 2,475.959
C01599 MEPCO 90.340 90.340 87.386
C0150B GENCO-I 244.360 1,837.354 2,466.925
C0150B GENCO-II 891.040 891.040 857.005
C0150B GENCO-IIII 186.220 186.220 172.163
C0150B GENCO-IV 56.200 77.530 77.331
C0150C NTDC 351.980 1,080.250 1,481.270
C01599 NJHP 2,122.930 2,122.930 2,051.886
C01730 PESCO 363.290 565.352 609.406
Mark up-Foreign Loans (B) 36,742.237 36,462.302 39,632.532
C01517 WAPDA (Power Wing) 9,492.839 9,511.209 10,887.644
C01599 Jamshoro Power Company Ltd 9,851.784 10,270.000 10,616.431
C01599 LESCO 262.029 264.312 229.425
C01599 NTDC 7,716.223 6,770.235 9,567.433
C01599 IESCO 357.063 584.590 533.893
C01599 HESCO 288.590 288.590 243.422
C01599 PESCO 292.553 292.210 266.742
C01599 QESCO 569.938 569.938 523.274
C01599 GEPCO 454.957 454.957 414.350
C01599 FESCO 268.536 268.536 244.216
C01599 MEPCO 464.050 464.050 399.116
C01599 PEPCO 48.758 48.758 45.931
C01599 NJHP 6,674.917 6,674.917 5,660.655
contd…Page 25
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
(II) Autonomous Bodies/Corporations 170.680 170.553 129.158
Mark up Foreign Loans 170.680 170.553 129.158
C01527 Pakistan Railways 169.349 169.222 128.891
C01599 Korangi Fish Harbour Authority 1.331 1.331 0.267
C015 Total Non-Financial Institutions (I+II) 52,371.957 54,568.532 58,666.790
TABLE 16
Mark Up Receipts
(Government Servants)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
C016 Government Servants
C01605 Cantt/Garrison Educational Institutions 3.200 4.512 4.737
C01605 Office of the AGPR, Isb 209.560 233.030 256.333
C01605 AGPR sub-office, Lahore 55.140 70.880 81.500
C01605 AGPR sub-office, Karachi 364.227 68.996 75.896
C01605 AGPR sub-office, Peshawar 4.873 55.696 58.481
C01605 AGPR sub-office, Quetta 2.948 5.198 5.458
C01605 AGPR sub-office, Gilgit 11.181 14.719 15.308
C01605 Defence - - 18.080
Military Accountant General,C01605 - 4.298 4.298 Rawalpindi
C01605 Pakistan Post Office Department - 6.643 5.979
C01605 Pak PWD 1.023 1.114 1.225
C01605 Pakistan Mint 0.744 0.220 0.465
C01605 CAO (Ministry of Foreign Affairs) 2.030 1.307 1.446
C01605 Central Dte of National Savings 4.806 4.378 3.350
C01605 Geological Survey of Pakistan - - -
C01605 National Tariff Commission 0.254 0.274 0.291
C016 Total Government Servants 659.986 471.265 532.847Page 26
TABLE 17
Mark Up Receipts
(AJK & Others)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Mark up - Cash Loans (A) 7,722.579 7,623.422 2,701.707
Ways & Means Advances to - - - Provinces,AJK/ Special Areas
C01701 Government of AJ&K 7,721.357 7,623.422 2,701.707
C01730 PNRA 1.222 - -
Mark up - Foreign Loans (B) 1,861.923 2,041.546 1,949.648
C01702 Government of AJ&K 1,487.997 1,669.981 1,643.698
C01709 Government of GB 110.632 112.811 128.342
C01799 Guarantee Fee on Foreign Loans (EAD) 263.294 258.754 177.608
C017 Total AJK & Others (A+B) 9,584.502 9,664.968 4,651.355
TABLE 18
Mark Up Receipts(Others)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Mark up - Cash Loans
C01801 Pakistan Post Office Department 20.000 10.000 10.000
C01823 Mark up (others) 110,000.000 170,000.000 110,000.000
C018 Total Mark-up Receipts (Others) 110,020.000 170,010.000 110,010.000
TABLE 19
Summary of Mark Up (Provinces,PSEs & Others)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Total Mark up Cash Loans (PSEs &
217,419.485 271,509.161 218,855.182
Others)
Total Mark up Foreign Loans (PSEs &
103,915.788 103,628.683 102,627.233
Others)
C012 Total Mark-up (Provinces) 77,201.128 89,736.504 96,353.283
C013 Total - Local Bodies 148,140.752 139,865.003 147,083.797
C014 Total Mark-up(Financial Institutions) 558.076 558.076 537.626
C015 Total Non-Financial Institutions 52,371.957 54,568.532 58,666.790
C016 Total Government Servants 659.986 471.265 532.847
C017 Total AJK & Others (A+B+C) 9,584.502 9,664.968 4,651.355
C018 Total Mark-up Receipts (Others) 110,020.000 170,010.000 110,010.000
Total Mark up (PSEs & Others) 321,335.273 375,137.844 321,482.415
Estimated Shortfall 203,335.273 75,137.844 123,482.415
Net Total (PSEs & Others) 118,000.000 300,000.000 198,000.000
C012-018 Grand Total (Mark-up) 195,201.128 389,736.504 294,353.283Page 27
4.4.4 Dividend on Government Investments
4.4.4.1 Dividends represent return on Federal Government's investment in the share capital of financial and
non financial institutions. The receipt of dividend varies from year to year depending upon profits
earned each year by these bodies and declaration of dividends on share capital.
4.4.4.2 The details of the estimates are given in table below:
TABLE 20
DIVIDEND
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
C01901 Financial Institutions (A) 2,100.000 1,209.125 1,450.000
C01901 National Investment Trust 300.000 250.000 250.000
C01901 NBP 100.000 45.000 50.000
C01901 Pak Oman Investment Co 200.000 169.125 200.000
C01901 Pak Brunie Investment 300.000 150.000 300.000
C01901 Pak Iran Joint Investment 200.000 225.000 250.000
C01901 Pak-China Investment Co 100.000 100.000 100.000
C01901 Pak Libya Investment Co 100.000 - -
C0901 Exim Bank 100.000 - -
C01901 Pakistan Development Fund Ltd 500.000 - -
C01901 Pakistan Mortagage Refinance Co. Ltd 200.000 270.000 300.000
C01902 Non-Financial Institutions (B) 119,325.000 91,785.000 137,465.000
C01902 Pakistan Petroleum Limited* 14,000.000 7,400.000 18,000.000
C01902 Mari Gas Company Limited 4,400.000 4,200.000 4,500.000
C01902 Pakistan State Oil 2,500.000 1,200.000 1,500.000
C01902 Pak Arab Refinery 18,000.000 29,970.000 30,000.000
C01902 SNGPL 2,000.000 1,000.000 2,000.000
C01902 GHPL 8,000.000 8,000.000 9,000.000
C01902 OGDCL* 61,000.000 30,000.000 62,000.000
C01902 PMDC 300.000 300.000 400.000
C01902 SLIC 2,000.000 2,000.000 2,200.000
C01902 NIC 700.000 1,900.000 800.000
C01902 Pak Re-Insurance Corporation 700.000 700.000 1,000.000
C01902 Fauji Fertilizer Co.Ltd 100.000 100.000 120.000
C01902 Pakistan Expo Centre Pvt Ltd 100.000 - -
C01902 National Telecommunication Corporation 45.000 - -
C01902 Pakistan Services Ltd 6.000 6.000 6.000
C01902 PIDC 85.000 85.000 100.000
C01902 National Shipping Corp 2,000.000 1,735.000 2,000.000
C01902 NESPAK 80.000 80.000 80.000
C01902 PTCL 2,000.000 2,000.000 2,000.000
C01902 NFC 200.000 200.000 250.000
C01902 NTDC 600.000 500.000 800.000
C01902 Trading Corporation of Pakistan 300.000 300.000 500.000
C01902 Tourism Promotion Services 3.000 3.000 3.000
C01902 PERAC 6.000 6.000 6.000
C019 Total - Dividends (A+B) 121,425.000 92,994.125 138,915.000
* Including BESOSPage 28
4.5 Receipts from Civil Administration and Other Functions
4.5.1 These receipts comprise of General Administration Receipts,Defence Services Receipts,Law and
Order Receipts,Community Services Receipts and Social Services Receipts.Revised Estimates
2023-24 and Budget Estimates 2024-25 given below.
TABLE 21
Receipts from Civil Administration and Other Functions
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Code Description Budget Revised Budget
Receipts from Civil Administration and
C02
Other Functions
C021 Total Receipt from Civil Adminstration 300.000 1,202.428 500.728
Total General Admn. Receipts - FiscalC022 1,114,308.355 972,791.035 2,500,808.130 Admn
C023 Total Economic Regulations 6,000.000 2,780.940 3,534.460
C024 Total General Admn. Statistics 4.900 1.850 2.600
C025 Total Defence Services Effective 41,255.754 31,189.228 42,427.073
C026 Total Law and Order Receipts 2,016.295 2,123.829 1,954.255
C027 Total Community Services Receipts 2,629.419 3,892.250 4,586.230
C028 Total Social Services 477.305 422.582 424.936
C029 Total Social Services Miscelaneous 1,500.000 1,300.000 1,500.000
Total Receipts from Civil
C02 1,168,492.028 1,015,704.142 2,555,738.412
Administration and Other Functions
4.5.2 General Administration Receipts
4.5.3 Organs of State
4.5.3.1 Theses receipts are realized on account of fees received from the candidates appearing in various
competitive examinations conducted by Federal Public Service Commission (FPSC) and receipts of
Election Commision of Pakistan under Elections Act, 2017.Estimates of receipts on this account are
given below:-Page 29
TABLE 22
Receipt from Civil Adminstration- Organs of State
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Receipt from Civil Adminstration
C021 Organs of State
Organs of State - Examination FeeC02101 300.000 200.000 200.000 realized by Federal Public Service
Receipts of Election Commiossion ofC02166 - 1,002.428 300.728 Pakistan under Election Act,2017(ECP)
C021 Total Receipt from Civil Adminstration 300.000 1,202.428 500.728
4.5.4 Fiscal Administration
4.5.4.1 Audit Fees - The department of the Auditor General of Pakistan charges fees from autonomous
bodies/ corporations, etc, which do not fall within its normal audit jurisdiction, for auditing their
accounts. This fee is deposited in the government account.
4.5.4.2 State Bank of Pakistan Receipts- The surplus profit of the State Bank of Pakistan,after making
usual provision for reserve funds is transferred to the Federal Government in the light of Section 42
SBP (Amendment) Act,2022. The State Bank also pays dividend on the share capital of the Federal
Government.The value of the coins that are minted and put in circulation in one year is also
deposited by the State Bank in Government Account.
4.5.4.3 Pakistan Mint Receipts - The Pakistan Mint's receipts are mainly from the disposal of dross & scrap
and from minting of medals for defence services, sports and academic institutions etc.
4.5.4.4 Pension and Gratuity Contribution - These receipts pertain to pension and gratuity contributions
by the borrowing departments in respect of officials serving on deputation basis with them.The
estimates of receipts from fiscal administration are given below:Page 30
TABLE 23
General Administration Receipt - Fiscal Adminstration
(Rs. In Million)
Object Description 2023-24 2023-24 2024-25
Code Budget Revised Budget
General Administration. Receipts
C022 Fiscal Administration - Audit (A) 1,308.355 608.492 808.130
C02204 Receipts of AGP office (Audit Other) 0.205 0.370 0.010
C02206 Audit Other (AGP) 0.150 0.122 0.120
C022 Fiscal Administration - Currency (B) 1,113,000.000 972,182.543 2,500,000.000
C02211 State Bank of Pakistan Profit 1,113,000.000 972,182.543 2,500,000.000
C022 Fiscal Administration - Mint
C02233 Pakistan Mint (Assay Account) 100.000 100.000 100.000
Fiscal Administration in Aid of
C022
Superannuation
C02241 Contribution of Pension (CGA) 8.000 8.000 8.000
Contribution of Pension and gratuitiesC02241 1,200.000 500.000 700.000 (AGPR)
Total General Administration.
C022 1,114,308.355 972,791.035 2,500,808.130
Receipts(A+B)
4.5.5 Economic Regulations
4.5.5.1 The receipts on this account largely comprise insurance fees realized under Insurance
Ordinance,2000. The estimates are given below:
TABLE 24
General Administration Receipt - Economic Regulations
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Economic Regulations
Trade Mark Reg Fee & Other MiscC02301 200.000 800.000 600.000 Receipts
Fees realized under Insurance Act 1938/C02302 5,000.000 1,580.940 2,534.460 (SECP)
Receipts under Anti Duping DutiesC02308 800.000 400.000 400.000 Ordinance,2000 (Commerce Division)
C023 Total Economic Regulations 6,000.000 2,780.940 3,534.460Page 31
TABLE 25
General Administration Receipt Economic Statistics
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
General Administration. Statistics
C02401 Sale of Census Publication (Planning) 4.000 1.050 1.700
Sale of data Misc. Receipts (Others)C02470 0.900 0.800 0.900 (Planning)
Total General Administration.
C024 4.900 1.850 2.600
Statistics
Grand Total Gen Admn
C021-24 7,613.255 4,593.710 4,845.918
(Excl SBP Profit)
4.5.6 Defence Services Receipts
4.5.6.1 These receipts are realized mainly on account of dues from civil agencies, sale & auction of obsolete
stores and charges realized on account of use of army aviation facilities, hospital stoppages roll and
receipt of Govt. share out of the fees paid by civil patients treated in Military Hospitals etc.
4.5.6.2 The estimates of defence receipts are given below :-
TABLE 26
Defence Services Receipts
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Defence Services Effective
C02520 39,572.604 29,003.047 39,803.656
Effective (MOD+Defence Production Div)
C02520 Hospital Stoppage (Defence Div) 1,683.150 2,186.181 2,623.417
C025 Total Defence Services Effective 41,255.754 31,189.228 42,427.073
4.5.7 Law and Order Receipts
4.5.7.1 These receipts represent the proceeds from fines imposed by Insurance Appellate Tribunals, Federal
Service Tribunals, Income Tax Tribunals, Drug Courts and Special Judges under the administrative
control of Law and Justice Division. These also include fines, fees and recoveries of the Supreme
Court of Pakistan, Civil Armed Forces and frontier watch & ward. The fees realized on account of
issuance and renewal of arms licenses by the Ministry of Interior are also reflected under this
classification.The estimates of receipts from law and order are given as under;Page 32
TABLE 27
Law and Order Receipts
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Law and Order Receipts
General Fees,Fines & ForfeituresC02604 250.000 170.000 200.000 (Justice Law Courts)
General Fees,Fines & ForfeituresC02604 0.010 0.010 0.015 (Federal Shariyat Court)
C02613 Others (FST) 1.000 0.700 0.700
Medical Tribunal Fee
C02615 0.010 3.200 1.440 (Medical Tribunal Islamabad)
Frontier Watch and Ward
Frontier Constabulary & Militia ReceiptsC02621 227.000 235.000 240.000 (MOI)
C02624 Recoveries of overpayments (CAF) 165.440 131.434 101.500
C02625 Others (ICT) 6.535 3.760 5.600
C02635 Receipts under Arms Act (MOI) 300.000 662.700 420.000
C02637 Receipts of Motor Driving Licenses (ICT) 500.000 294.025 300.000
C02637 Motor Driving License (NHMP) 28.000 32.000 33.000
C02638 Traffic Fines (ICT) 500.000 550.000 600.000
C02641 Collection of Payment for S/Rendered 9.300 15.000 20.000
C02647 Fines and Penalties (CAF, Interior) 3.000 2.000 2.500
C02648 Recoveries of Over Payments (CAF, 4.000 4.000 4.500
Interior)
C02650 Others 22.000 20.000 25.000
C026 Total Law and Order Receipts 2,016.295 2,123.829 1,954.255
4.5.8 Community Services Receipts
4.5.8.1 The receipts under community services comprise of rent of government buildings, land, guest
houses, hostels and sale proceeds of material of demolished buildings. These receipts are realized
by Housing and Works Division, Ministry of National Health Services and Interior Division (Frontier
Corps). The receipts realized by Survey of Pakistan for its services and supply of maps are also
included here. Details of the estimates are given below:-Page 33
TABLE 28
Community Services Receipts
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Community Services Receipts
C02701 Building Rent (ICT) 25.350 5.000 10.000
C02701 Building Rent (AGPR) 0.546 0.600 0.650
C02701 Building Rent (CGA) 1.500 2.100 2.200
Rent of Govt Buildings realized by EstateC02701 1,000.000 1,000.000 1,255.000 Office
C02701 Housing & Works (Ground Rent Section) 140.000 100.000 140.000
C02701 Rent of Govt Buildings realized by PWD 85.000 75.000 80.000
Building Rent (Met. Deptt) (AviationC02701 1.750 2.700 3.000 Division)
C02701 Building Rent (AGP) 10.595 9.700 9.500
Building Rent of PAECC02701 28.000 18.000 30.000
(Hostel Charges)
Collection of Payment for ServicesC02705 0.050 0.050 0.050 Rendered.(Met Deptt) (Aviation Division)
C02706 Others - (Met. Deptt) (Aviation Div) 0.150 0.050 0.100
Other Receipts of Pak. PWD (includingC02706 1,275.000 2,602.000 2,963.000
GRS)
Works - Communication
C02714 Recoveries of overpayments (AGP) 0.578 0.260 0.330
Others-Construction Technology TrainingC02716 9.500 11.990 13.500 Institute (CTTI)
C027 Public Health
Sale proceeds of sera and vaccinesC02721 8.500 4.500 5.000 (NHSR & C)
Collection of payments forC02725 2.900 2.900 2.900
services rendered(NHSR & C)
C027 Science Research and Survey
C02731 Survey of Pakistan(Defence Division) 32.000 33.000 34.000
Other - Met. Data Sale Charges, Lahore,C02734 8.000 24.400 37.000 Karachi (Aviation Div.)
C027 Total Community Services Receipts 2,629.419 3,892.250 4,586.230Page 34
4.5.9 Social Services Receipts
4.5.9.1 The receipts under this head are realized on account of fees charged from students of the
educational institutions of various Ministries and Defence Division. The entry fee for historical places
and archeological sites is collected by National History and Literary Heritage Division. The charges
for medical services are realized by the Federal Government hospitals and health establishments.
The estimates are given in the following table;
TABLE 29
Social Services Receipt
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Social Services
Receipts from Museums(HeritageC02817 - 0.250 0.290
Div)
Education Fees from Schools & CollegesC02818 127.000 156.700 166.241 (MoFE&PT)
Education Fees from Schools andC02818 200.000 87.730 90.000 Colleges (MOD)
Education Others MFU. (CabinetC02818 0.150 0.150 0.150 Division)
Education Others NDU. (CabinetC02818 0.005 0.010 0.005 Division)
C02818 Education Others NAP (Cabinet Division) 0.150 0.150 0.150
Receipts from Libraries (NLP-HeritageC02824 2.000 2.000 2.000
Division)
Health
C02855 Hospital Receipts-PIMS (NHSR & C) 1.900 4.500 4.500
Recoveries of Diet Charges -PIMSC02856 0.850 1.500 1.500
(NHSR & C)
C02857 Rooms Rent -PIMS (NHSR & C) 6.400 11.000 11.000
H.Govt.share fees realized by doctorsC02858 71.850 133.000 133.000 from patient(PIMS)
NI Rehabilitation of Medicines (NHSR &
C02845 9.500 6.379 7.500 C)
Sale of Medicines and VaccinesC02860 2.500 2.000 3.000 (NHSR & C)
Health Fees realized on account ofC02870 - 0.665 -
Registration of Private, Clinics(NIRM)
C02871 Health other Receipts (NIRM) - 7.652 -
C02871 Receipts of Health Establishments 55.000 8.896 5.600
C028 Total Social Services 477.305 422.582 424.936Page 35
4.5.10 Social Services Misc Receipts
4.5.10.1 Under Social Services Miscellaneous Head, the Emigration Fee deposited by Pakistani Workers
working abroad in terms of Emigration Ordinance, 1979 is reflected. The receipts of Human
Resource Development Division on account of registration of overseas employment agencies and
deposits by individuals for protection of their visas are also deposited under this head. Moreover, the
fee for registration of trade union and West Pakistan Ordinance, 1969 are also reflected under this
Head of Account. The details are given in the following table.
TABLE 30
Social Services Miscellanenous Receipts
(Rs. In Million)
2023-24 2023-24 2024-25 Object Description
Budget Revised Budget Code
Social Services Miscelaneous
C02906 Registration and other fees Pakistanis
working Abroad M/o Overseas 1,500.000 1,300.000 1,500.000
Pakistanis
C029 Total Social Services Miscelaneous 1,500.000 1,300.000 1,500.000
4.6 Miscellaneous Receipts
4.6.1 Miscellaneous receipts comprise of (i) Economic Services Receipts (ii) Extraordinary Receipts (iii)
Others Receipts. A brief description of these receipts are given in the following paragraphs.
TABLE 31
Miscellaneous Receipts
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
C03 Miscellaneous Receipts
Total Economic Services Receipts Food
C031 1,025.070 1,025.250 1,036.550 & Agriculture
C032 Total Economic Services Receipts-
Fisheries & Animal Husbandry 680.660 459.693 462.870
C035 Total Economic Services Receipts- 14,100.700 11,631.074 15,416.700
Others
C036 Total Foreign Grants 25,000.000 6,000.000 15,000.000
C037 Total Extraordinary Receipts 60,969.166 41,955.311 51,853.650
C038 Total Passport and Visa Fees 59,004.000 59,004.000 75,004.500
C038 Total Other Receipts 65,405.264 75,662.496 100,516.436
C039 Total Receipts from Oil and Gas Sector 1,141,000.000 1,197,889.000 1,528,460.000
C03 Total Miscellaneous Receipts 1,367,184.860 1,393,626.824 1,787,750.706Page 36
4.6.2 Economic Services Receipts
4.6.2.1 Economic Services Receipts comprise of -Food & Agricultural,Fisheries & Animal Husbandry and
Other receipts. A brief description of these receipts are given in the following paragraphs and related
statistics are given in Tables 32-34
4.6.2.2 Food and Agricultural Receipts are mainly realized on account of fee for plant protection services
and fee associated with registration,enlisting and renewal of seed varieties by National Food Security
and Research Division.
TABLE 32
Economic Services Receipts - (Food & Agriculture Receipts)
(Rs. In Million)
Object 2023-24 2023-24 2024-25 Description
Code Budget Revised Budget
Economic Services Receipts Food &
C031
Agriculture
C03101 Food Department (ICT) 0.400 0.500 0.550
C03116 Agriculture Receipts (ICT) - 0.100 0.100
C03123 Plant Protection services (NFS&R) 1,000.000 1,000.000 1,000.000
Receipts from soil conservation &C03124 1.000 0.800 1.000
Operations (ICT)
Registration fee-seed industry (M/oC03138 8.000 6.000 7.000 NFS&R)
C03139 Enlisting fee-seed industry (M/o NFS&R) 15.000 6.000 15.000
C03140 Renewal fee-seed industry (M/o NFS&R) 0.500 11.000 12.000
C03142 Receipts from Plant Breeders Right 0.170 0.850 0.900
Total Economic Services Receipts
C031 1,025.070 1,025.250 1,036.550
Food & Agriculture
4.6.2.3 Fisheries & Animal Husbandry Receipts are mainly realized on account of quarantine fee on
animal exports/imports by National Food security Division.Page 37
TABLE 33
Economic Services Receipts-(Fisheries & Animal Husbandry)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Economic Services Receipts-Fisheries
C032 & Animal Husbandry
C03201 Ordinary Receipts (ICT) 53.500 54.000 60.000
Ordinary Receipts (Marine Fisheries
C03201 200.000 130.810 100.000 Deptt)
Receipts of Pakistan Maritime SecurityC03205 - 0.723 0.750 Agency (MOD)
C03227 Insemination Fees (ICT) 0.160 0.160 0.120
Others-Receipts of Animal Quarantine
C03231 400.000 250.000 270.000 Deptt (NFS&R)
Husbadry Graduates Students, Faculty
C03231 Registration, Inspection Fee (IPC Div) 27.000 24.000 32.000
C032 Total Economic Services Receipts-
680.660 459.693 462.870 Fisheries & Animal Husbandry
4.6.2.4 Receipts from Explosive Department pertain to the fee charged by the Department of Explosives
for granting licenses to the firms dealing in explosives.The receipts of Explosive Department are
charged for industrial safety.
4.6.2.5 Receipts from Lighthouses and Lightships comprise of :-
(i) Examination fee, survey and registration fees realized by the Mercantile Marine Department, Karachi,
(ii) cargo shipping and discharging fees from the shipping companies,
(iii) fines realized from seamen for offences committed by them,
(iv) fees realized from cadets under training in the Mercantile Marine Academy, Karachi, Seamen's
Training Centre, Karachi and,
(v) Lighthouse dues realized from the shipping companies operating on the coasts of Pakistan. These
receipts are shown under transportation and communication heads.
4.6.2.6 Receipts from Post Office mail operation pertain to services charges against the domestic and
international mail services.These not only inlude the delivery of ordinary letters and parcels byt
include value added services like Express Mail Service(EMS) and Cash on Delvery(COD).Page 38
TABLE 34
Economic Services Receipts-Others
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
C035 Economic Services Receipts- Others
Industrial Safety- Explosives DepartmentC03506 2,000.000 600.000 1,125.000 (M/o Petroleum Division)
Sale of other GovernmentC03512 - 0.200 0.600
Publications(UDB),(Heritage Div)
C03518 Cost of tender documents(PAEC) 1.500 2.500 1.600
Excise Duty on Minerals under
C03545 0.700 0.400 0.500 Partnership Act (ICT)
Survey Fees-Meercantile MarineC03560 25.000 50.000 40.000
Department Karachi (MMD)
C03562 Fees for the Regitration of Vessel (MMD) 6.000 0.800 1.000
Fees for the Engagement andC03561 10.000 23.690 13.000 Discharges - Seamen's (GSO,Karachi)
C03565 Registration and other Fees (MMD) 20.000 10.000 12.000
C03567 Others Fees (MMD) 10.000 18.430 15.000
C03565 Registration and other Fees (PMA) 8.500 6.054 7.000
Lighthouses & Lightships Deptt,KarachiC03571 2,000.000 900.000 2,200.000 (MMD)
C03581 Post Office Mail Operation 6,000.000 6,000.000 7,600.000
C03582 Others (Post Office Receipts) 365.000 365.000 402.000
C03586 Commision on Money Transfer 348.000 348.000 382.000
Net Receipts from Other PostalC03587 719.000 719.000 790.000 Administrations
C03588 Agency Receipts 2,587.000 2,587.000 2,827.000
Total Economic Services Receipts-
C035 14,100.700 11,631.074 15,416.700
Others
TABLE 35
Foreign Grants
(Rs. In Million)
Object Description 2023-24 2023-24 2024-25
Code Budget Revised Budget
C036 Foreign Grants
Foreign Grants - Development Grants fromC03601 25,000.000 6,000.000 15,000.000 Foreign Governments
C036 Total Foreign Grants 25,000.000 6,000.000 15,000.000Page 39
4.6.3 Extraordinary Receipts
4.6.3.1 These receipts are realized by different Ministries, Divisions and Departments. The brief introduction
of the main regular receipts under these heads are given as under with a relevant statistics in Tables
36
4.6.3.2 Kartarpur Corridor is used by Indian Pilgrims in lieu of which service charges are received from
these Pilgrims.
4.6.3.3 National Database and Registration Authority (NADRA) is responsible for the development and
establishment of an improved and modernized system of registration in the country through
appropriate means including technologically advanced,effective and efficient means like
computerization,automation,creation of data base and related facilities and services.It charges fee
for providing services to the public.NADRA is required to remit any surplus receiptover the actual
expenditure in a year after payment of tax to the Federal Consolidated Fund.
4.6.3.4 Civil Aviation Authority (CAA) is responsible for the regulation and control of Civil Aviation
activities in the country. The authority is also responsible for the development of infrastructure for
promotion of safe, efficient, adequate, economical and properly coordinated civil air transport
service. The authority charges licensing fee, service charges etc. in lieu of provision of different
services to the public.
4.6.3.5 The major portion of receipts comes from United Nations(UN) in lieu of services rendered by
Pakistani troops taking part in various peacekeeping operations worldwide.The other receipts are
generated by various staff welfare initiatives and accreditation services.
4.6.3.6 The Budget Estimates & Revised Estimates for the FY 2023-24 and Budget Estimatesfor FY 2024-
25 are given in Table below.Page 40
TABLE 36
Extraordinary Receipts
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
C037 Extraordinary Receipts(A) 2,646.867 4,755.311 5,853.650
C03706 Sale of Other Government Assets 0.800 0.200 0.400
C03707 Cost of ID/Penalities (PAEC) 0.050 - 0.050
C03727 Recovery of Monetized Value (AGP) 1.517 0.200 0.200
Recovery of Monetized DevelopmentC03727 - 2.911 - (CGA)
Fee collected by Staff WelfareC03743 25.500 27.000 28.000 Organizations (Estab Division)
Fee Collected by Pak. National
C03744 Accreditation Council (M/o Science & 19.000 25.000 25.000
Technology)
Service Charges from Indian Pilgrims
C03747 using Kartarpur (M/o Religious Affairs & 1,000.000 700.000 1,000.000
I.H)
C03761 Surplus Profit of NADRA 1,200.000 4,000.000 4,000.000
C03762 Surplus Profit of Civil Aviation Authority 400.000 - 800.000
C037 Other Recipts (B) 58,322.299 37,200.000 46,000.000
Others- Receipts from UN (Military)C03725 57,822.299 37,200.000 45,500.000 (Defence Division)
C03725 Others- Receipts from UN (Civil) M/o 500.000 - 500.000
C037 Total Extraordinary Receipts(A+B) 60,969.166 41,955.311 51,853.650
4.6.4 Other Receipts
4.6.4.1 These receipts are realized by different Ministries, Divisions and Departments. The brief introduction
of the main regular receipts under this head is given as under with a relevant statistics in Tables 37-
38;
4.6.4.2 Citizenship, Naturalization and Passport Fees,are realized mainly by the Immigration & Passport
Offices in Pakistan and Pakistani Missions abroad on account of issuance, renewal and
endorsement of passports and visas.The receipts of passport fee are collected at the rate which
were not revised since lapse of considerable time.Therefore,rates of passport fee were revised vide
letter No: 6/23/83-Policy dated 7-03-2024.Further,two new heads of accounts have been opened for
Passport Fee and Visa Fee collection w.e.f 19-07-2023.Page 41
TABLE 37
Citizenship, Naturalization, Passport and Copyright Fees
(Rs. In Million)
Object 2023-24 2023-24 2024-25 Description
Code Budget Revised Budget
Passport and Visa Fees
C03806 Citizenship Copyrights (ICT) 4.000 4.000 4.500
C03806 Citizenship/Naturalization/Others 1,000.000
Citizenship, Naturalization & PassportC03897 15,000.000
Fee(MOI) 59,000.000 59,000.000
C0380G Passport Fee Collection 50,000.000
C0380H Visa Fee Collection 9,000.000
C038 Total Passport and Visa Fees 59,004.000 59,004.000 75,004.500
4.6.4.3 Royalty, Pollution and Tracking Fees From Tourists is charged from the tourists coming to
Pakistan for climbing the mountain peaks having a height of 7000 meters. Whereas, fee is charged
from trackers climbing the mountain on the established track less than the height of 7000 meters.
4.6.4.4 Receipts from Tourism Department is include Licenses Fee of Hotels, Restaurants and Travel
Agencies, Registration Fee of Hotels and Restaurants, Licenses Renewal fee of Hotels, Restaurants
and Travel Agencies and the Fines/Late fee of Hotels, Restaurants and Travel Agencies within
Capital Territory by Ministry of Interior.
4.6.4.5 Receipts Collected by Ministry of Foreign Affairs is realized on the auction of vehicles, sale of
used machinery and equipment, gains on exchange against the remittances made by the
Government for the expenditure of the Pakistan's missions in various countries, recovery of
overpayment made to the Government servants posted abroad and the deduction of income tax, GP
Fund, Benevolent Fund, House Building and Motor Car Advances of the employees posted in
various Pakistan's missions abroad.
4.6.4.6 Receipts from Special Communication Organization are collected by the Special
Communications Organization for providing telecommunication services in specific areas. The
Special Communications Organization primarily operates in the Azad Kashmir and Gilgit-Baltistan.Page 42
TABLE 38
Details of Other Receipts
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Other Receipts
C03801 Unclaimed Deposits (CAF).MOI 4.080 4.000 4.100
C03802 Sale of Stores & Material (ICT) 48.871 38.455 48.249
C03802 Sale of Stores & Material (NHMP) 262.423 180.353 -
C03802 Sale of stores Materials (MOD) - 20.887 -
C03802 Sale of Stores & Material (PAEC) 26.000 50.000 28.000
C03802 Sale of Stores & Material (AGPR) 0.330 0.350 0.400
C03802 Sale of Stores & Material (CGA) 2.000 1.125 1.000
C03802 Sale of Stores and Material (MoFA) 0.500 15.000 15.000
Sale publicity material & rent ofC03802 1.500 0.160 0.160 documentaries (MOIB)
C03802 Sale of Stores and Material (AGP) 2.500 3.330 3.610
Sale of Store and Material (ASF) AviationC03802 7.250 7.690 7.304
Div.
C03805 Rent, Rates & Taxes (AHK & NCRD) 2.000 2.500 3.000
C03805 Rent, Rates & Taxes (Auqaf) - ICT 0.406 0.800 0.900
C03805 Rent, Rates & Taxes (AGPR) 0.066 0.070 0.075
C03805 Rent, Rates & Taxes (CGA) 0.600 0.523 0.700
C03805 Rent, Rates & Taxes (AGP) 0.673 0.610 0.490
Rent , Rates and Taxes (Hostel Charges)C03805 0.650 0.700 0.850 (Met Department)
C03805 Health Hospital Receipts (PIMS) 5.600 109.000 110.000
Realizations under the Monopolies &
C03807 Restrictive (Competetion Commission of 250.000 100.000 250.000
Pakistan)
Receipts under the Mines-Oilfields andC03808 2,500.000 10,000.000 5,000.000 Mineral Development Act(M/o Petroleum)
Receipts under Abandoned PropertiesC0380B 11,000.000 2,538.763 14,030.262 Act 1975
C0380D Consular Receipts of Foreign Affairs - - 250.000
License/Lease Rent Receipts(M/oC0380I - 200.000 600.000
Petroleum)
Other Receipts - Gains by Exchange onC03812 110.000 150.000 150.000 Remittance Abroad (MoFA)
contd….Page 43
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
C03821 Receipts of Tourist Department (IPC Div) 22.000 40.000 46.000
Recovery of Overpayments (M/o ForeignC03824 40.000 40.000 40.000 Affairs)
Recoveries of Overpayment (ASF)C03824 0.250 0.720 0.796
Aviation Div.
Recoveries of Overpayment (Met.Deptt)C03824 - 2.100 2.000 Aviation Div.
C03824 Recoveries of Overpayment (CGA). 1.650 2.000 1.800
C03824 Recoveries of Overpayment (AGP). 0.650 0.720 0.390
C03825 Payment for services Rendered (ICT) 9.000 8.000 10.000
Collection of Payment for servicesC03825 0.100 0.120 0.200 Rendered (CGA)
Collection of Payment for servicesC03825 - 0.120 0.150
Rendered (AGPR)
Collection of Payment for Service
C03825 Rendered,Helicopter Charges (Cabinet 1.000 13.585 1.000
Division)
C03829 Fees, Fines & Forfeitures (PAEC) 0.520 2.000 0.550
C03829 Fees, Fines & Misc Receipts (CGA) - - 0.500
Other Receipts Fees, Fines and
C03829 Forfeitures (M/o Religious Affairs & I.H) 8.250 11.455 12.000
Other Receipts Fees, Fines andC03829 0.025 - -
Forfeitures (AGP)
C03835 Arms License Fee (D.C ICT) 25.000 100.000 110.000
Airport Entry/ Tender Fees, Fines (ASF)C03841 3.900 3.611 3.800
Aviation Div.
C03841 Tender Fees / Misc Receipts (CGA) 0.050 0.025 0.500
Sale Proceed of Darbar, ToshakhanaC03843 10.000 10.000 10.000 (Cabinet Division)
Contractor Penalty (ASF) Aviation Div.C03849 0.100 0.100 0.100
Recovery of National AccountabilityC03850 200.000 20.000 20.000 Bureau(NAB)
C03853 Sale of Publications (PPARC) 0.400 0.150 0.150
EIA Review Fee(Pak. EnvironmentalC03855 2.000 1.800 2.100 Protection Agency)
C03870 Others (PAEC) 43.000 43.000 45.000
Others-Sales of Jinnah Papers ,Quaid-e-C03870 0.100 0.100 0.100 Azam Papers Wing (Heritage Division)
contd….Page 44
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Others-National Language PromotionC03870 1.800 1.800 1.850 Deptt (Heritage Division)
Others-Sale of Books (Jinnah Papers-C03870 - 0.400 0.300 QAA), (Heritage Division)
C03870 MOFA Other Receipts of M/o Foreign Affairs 330.000 500.000 550.000
C03870 CGA1 Others ( CGA) 3.100 0.075 0.100
Miscellaneous Receipts of attachedC03870 44,405.000 56,115.484 73,055.000 Departments
C03870 Others-GSP2 (M/o Petroleum Division) 5.000 4.000 5.000
C03870 AGPR Others (AGPR) 0.070 0.075 0.080
C03870 Others (AGP) 1.200 1.090 1.140
Others-Hostel Room Rent (M/o FE&PT)
C03870 0.650 0.650 0.730
C03870 Income from Swing Pool, Ground Hall
and Membership Fee, (Hostel & Others) 55.000 55.000 81.000
IPC Div.
C03893 SCO1 Receipts of Special Communications
6,000.000 5,250.000 6,000.000 Organization
C03895 MOIB Film Censorship Fee (MoIB&NH) 10.000 10.000 10.000
C038 Total Other Receipts 65,405.264 75,662.496 100,516.436
4.6.5 Receipts from Oil and Gas Sector
4.6.5.1 The receipts from Oil and Gas sector are realized on account of Levies,Development Surcharges
and Royality on Oil and Gas.Brief introduction of these receipts are given as under and related
Statistic are given Table 39.
4.6.5.2 Petroleum Levy
4.6.5.2.1 Petroleum Products (Petroleum Levy) Ordinance, 1961 amended from time to time, provides
imposition of Petroleum Levy. Ex-refinery/import price of oil is added with Inland Freight Equalization
Margin (IFEM), Oil Marketing Companies (OMCs) distribution margin and dealer's commission as
fixed by Government of Pakistan in Rs/per liter. On this accumulated price of oil, Petroleum Levy is
fixed by Government of Pakistan in Rs. per liter from time to time is levied.
4.6.5.3 Natural Gas Development Surcharge
4.6.5.3.1 As per Natural Gas Development Surcharge Ordinance, 1967, every company as mentioned in the
Schedule shall collect and pay to the Federal Government a development surcharge equal to the
differential margin i.e the amount by which the fixed sale price exceeds the prescribed price, in
respect of natural gas sold by it.Page 45
4.6.5.4 Royalty on Oil and Gas
4.6.5.4.1 According to Article 16(1) of the Constitution of Islamic Republic of Pakistan, the royalty collected by
the Federal Government shall not form part of the Federal Consolidated Fund and shall be paid to
the provinces in which the well-head of natural gas is situated. As per Clause 5 of 7th National
Finance Commission Award notified vide President's Order No.5 of 2010, each of the provinces shall
be paid in each financial year as a share in the net proceeds of the total royalties on crude oil an
amount which bears to the total net proceeds the same proportion as the production of crude oil in
the province in that year bears to the total production of crude oil.
4.6.5.4.2 Petroleum Exploration & Production Policy 2012 approved by Ministry of Petroleum & Natural
Resources Government of Pakistan imposes Royalty on exploration and production of oil and gas.
Clause 4.1of Section II of the said policy provides that royalty will be payable at the rate of 12.5% of
the value of petroleum at the field gate. The royalty will be paid by the Federal Government to
Provinces to the extent of their share of liquid and gaseous hydrocarbons (such as LPG, NGL,
Solvent oil, gasoline and others) as well as all substances including sulphur, produced in association
with such hydrocarbon. The lease rent paid during the year shall not be deductible from the royalty
payment. A 10% of the royalty will be utilized in the district where oil and gas is produced for
infrastructure development.
4.6.5.5 Discount on Local Crude Oil
4.6.5.5.1 Crude Oil and Natural Gas is explored/extracted by the Exploration and Production (E&P)
Companies working under "Petroleum Concession Agreement (PCA)". E&P companies sell the
crude oil to refineries at the rate prevailing in the international market based on the formula as per
PCA. Under various agreements, E&P Companies agree to sell the crude oil to refineries at different
discounted rate on attainment of certain milestones as per PCA. The amount of discount is retained
by the refineries while making payment of crude oil to E&P companies and deposited in Government
head of account.
4.6.5.6 Windfall Levy on Crude Oil & Natural Gas
4.6.5.6.1 As per Petroleum Exploration & Production Policy 2012, Windfall Levy (WLO) will be applicable on
crude oil and condensate using the formula i.e WLO = 0.4 x (M-R) x (P-B) Where: WLO = Windfall
Levy on crude oil and condensate; M = Net production (petroleum produced & saved); R = Royalty; P
= Market Price of crude oil and condensate; and B = Base Price. All the benefit of windfall levy may
be equally divided between the Federal Government and Provincial Government concerned.
4.6.5.7 Gas Infrastructure Development Cess (GIDC)
4.6.5.7.1 Gas Infrastructure Development Cess Act 2015 provides legal framework to levy and collect the
Cess from gas consumers other than the domestic sector consumers at the rates as provided in the
Second Schedule to this Act. The gas company shall be responsible for billing of cess to gas
consumers, its collection and its onward payment to Federal Government in the manner as
prescribed by the Federal Government. As per Section 4 of the Act, the cess shall be utilized by the
Federal Government for or in connection with infrastructure development of Iran Pakistan Pipeline
Project, Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project, and LNG or other ancillary
projects.
4.6.5.7.2 The major billing companies are: (1) Sui Northern Gas Pipelines Limited, (2) Sui Southern Gas
Company Limited, (3) Mari Petroleum Company Limited (formerly Mari Gas Company Limited),(4)
Pakistan Petroleum Limited, (5) Tullow Pakistan Development Limited, (6) Oil and Gas Development
Company Limited. Rates of Cess (Rs./MMBTU) are Rs. 300 for Fertilizer Feed, Rs. 200 for Captive
Power, Rs. 100 for Industry, Rs. 100 for KESC/GENCO, Rs. 100 for IPPs, Rs.263 for CNG Region-I
and Rs. 200 for CNG Region-1Page 46
TABLE 39
Receipts from Oil and Gas Sector
(Rs. In Million)
Object 2023-24 2023-24 2024-25 Description
Code Budget Revised Budget
Receipts from Oil and Gas Sector
C03901 Petroleum Development Levy 869,000.000 960,000.000 1,281,000.000
C03902 Natural Gas Development Surcharge 40,000.000 27,169.000 25,618.000
C03905 Royalty on Oil 50,000.000 57,917.000 58,654.000
C03906 Royalty on Gas 75,000.000 93,567.000 103,751.000
C03910 Discount Retained on Local Crude Price 20,000.000 25,000.000 25,000.000
C03915 Windfall Levy against Crude Oil 35,000.000 28,000.000 28,000.000
C03916 Gas Infrastructure Development Cess 40,000.000 2,500.000 2,500.000
Petroleum Levy on LPG.
C03917 12,000.000 3,516.000 3,537.000
C03919 Windfall Levy on Gas - 220.000 400.000
C039 Total Receipts from Oil and Gas Sector 1,141,000.000 1,197,889.000 1,528,460.000Page 47
Chapter 5: PROVINCIAL SHARE IN REVENUE RECEIPTS
5.1 The provincial share of revenues from the divisible pool taxes, straight transfers etc. is
governed in accordance with the provisions of 7th National Finance Commission Award
notified vide President's Order No.5 of 2010 issued on 10th May, 2010, which is
reproduced as under:
PRESIDENT'S ORDER NO.5 OF 2010
AN
ORDER
to provide for distribution of revenues and certain grants
WHEREAS in pursuance of clause (1) of Article 160 of the Constitution of the Islamic Republic of
Pakistan (hereinafter referred to as the Constitution), the President, by the Finance Division's Notification
No.S.R.O. 739(I)/2005 dated 21st July, 2005, as modified by the said Division's Notification
No.S.R.O.693(I)/2009, dated 24th July, 2009, appointed a National Finance Commission to make
recommendations, among other matters, as to the distribution between the Federation and the Provinces of the
net proceeds of certain taxes;
AND WHEREAS the said Commission has also submitted its recommendations with regard to the said
distribution;
NOW, THEREFORE, in pursuance of clauses (4) and (7) of Article 160 of the Constitution, the
President is pleased to make the following Order:-
1. Short title and commencement: (1) This Order may be called the Distribution of Revenues and
Grant-in-Aid Order, 2010.(2) It shall come into force on the first day of July, 2010.
2. Definitions: In this Order, unless there is anything repugnant in the subject or context.---
(a) "Net Proceeds" means, in relation to any tax, duty or levy, the proceeds thereof
reduced by the cost of collection as ascertained and certified by the Auditor
General of Pakistan, and
(b) "taxes on income" includes corporation tax but does not include taxes on
income consisting of remuneration paid out of the Federal Consolidated Fund.
3. Distribution of Revenues.
(1) The divisible pool taxes in each year shall consist of the following taxes levied and
collected by the Federal Government in that year, namely:-
(a) taxes on income;
(b) wealth tax;
(c) capital value tax;
(d) taxes on sales & purchases of goods imported, exported, produced,
manufactured or consumed;
(e) export duties on cotton;
(f) customs duties;
(g) federal excise duties excluding the excise duty on gas charged at well-head; and
(h) fany other tax which may be levied by the Federal Government.Page 48
(2) One percent of the net proceeds of divisible taxes shall be assignedto Government of the
Khyber Pakhtunkhwa to meet the expenses on War on Terror.
(3) After deducting the amount as prescribed in clause (2), of the balance amount of the net proceeds
of divisible pool taxes, fifty six percent shall be assigned to the provinces during the financial year 2010-11 and
fifty seven and a half percent from the financial year 2011-12 onwards. The share of the Federal Government in
the net proceeds of the divisible pool shall be forty-four percent during the financial year 2010-11 and forty -two
and half percent from the financial year 2011-12 onwards.
4. Allocation of shares to the Provincial Governments. (1) The Province -wise ratios given in
(a) Population 82.00%
(b) Poverty or backwardness 10.30%
(d) Inverse population density 2.70%
(2) The sum assign to the Provincial Governments under Article 3 shall be distributed
(a) Balochistan 9.09%
(b) Khyber Pakhtunkhwa 14.62%
(c) Punjab 51.74%
(d) Sindh 24.55%
Total: 100.00%
(3) The Federal Government shall guarantee that Balochistan Province shall receive the projected
sum of eighty-three billion rupees from the provincial share in the net proceeds of divisible pool taxes in the first
year of the Award. Any shortfall in this amount shall be made up by the Federal Government from its own
resources. This arrangement for Balochistan shall remain protected throughout the remaining four years of the
Award based on annual budgetary projections.
5. Payment of net proceeds of royalty on crude oil : Each of the Provinces shall be paid in
each financial year as a share in the net proceeds of the total royalties on crude oil an amount which bears to
the total net proceeds the same proportion as the production of crude oil in the Province in that year bears to
the total production of crude oil.
6. Payment of net proceeds of development surcharge on natural gas to the provinces :
(1) Each of the Provinces shall be paid in each financial year as a share in net proceeds to be worked out
based on average rate per MMBTU of the respective province. The average rate per MMBTU shall be derived
by notionally clubbing both the royalty on Natural Gas and Development Surcharge on Gas. Royalty on natural
gas shall be distributed in accordance with clause (1) of Article 161 of the Constitution whereas the
development surcharge on natural gas would be disrtributed by making adjustments based on this average
rate.
(2) The development surcharge on natural gas for Balochistan with effect from Ist July, 2002
shall be reworked out hypothetically on the basis of formula given in clause (1) and the amount, subject to
maximum of ten billion rupees, shall be paid in five equal installments by the Federal Government as grants to
be charged on the Federal Consolidated Fund.
7. Grants-in-Aid to the Provinces: There shall be charged upon the Federal Consolidated Fund
each year, as grants-in-aid of the revenues of the province of Sindh an amount equivalent to 0.66% of the
provincial share in the net proceeds of divisible pool as a compensation for the losses on account of abolition of
octroi and zila tax.
8. Sales Tax on services: NFC recognizes that sales tax on services is a Provincial subject
under the Constitution of the Islamic Republic of Pakistan, and may be collected by respective Provinces, if
they so desired.
9. Miscellaneous: (1) NFC also recommended increase in the rate of excise duty on natural gas
to Rs. 10.0 per MMBTU. Federal Government may initiate necessary legislation accordingly.Page 49
(2) The NFC recommended that the Federal Government and Provincial Governments should
streamline their tax collection systems to reduce leakages and increase their revenues through efforts to
improve taxation in order to achieve a 15% tax to GDP ratio by the terminal year i.e. 2014-15. Provinces would
initiate steps to effectively tax the agriculture and real estate sector. Federal Government and Provincial
Governments may take necessary administrative and legislative steps accordingly.
(3) Federal Government and Provincial Governments would develop and enforce mechanism for
maintaining fiscal discipline at the Federal and Provincial levels through legislative and administrative
measures.
(4) The Federal Government may assist the Provinces through specific grants in times of
unforeseen calamities.
(5) The meetings of the NFC may be convened regularly on a quarterly basis to monitor
implementation of the award in letter and spirit.
10. Repeal.- The Distribution of Revenues and Grant-in-Aid Order, 1997 (P.O.No.1 of 1997), and
the Distribution of Revenues and Grants-in-Aid, Order, 2010. (P.O. 4 of 2010) are hereby repealed.
ASIF ALI ZARDARI
PresidentPage 50
5.2 Distribution of Revenues and Grants-in-Aid Order, 2010 (President's Order No. 5 of 2010)
was slightly amended through President's Order No.6 of 2015, which is reproduced as
under;
PRESIDENT'S ORDER NO.6 OF 2015
AN
ORDER
To amend Distribution of Revenues and Grants-in-Aid Order, 2010 (President's Order No.5 of 2010)
Whereas it is expedient to amend the Distribution of Revenues and Grants-in-Aid Order, 2010 (P.O.
No. 5 of 2010) for the purpose hereinafter appearing.
Now therefore in pursuance of clause (6) read with clause (7) of Article 16 of the Constitution of the
Islamic Republic of Pakistan, the President is pleased to make the following Order:-
1. Short title and commencement: (1)This Order may be called the Distribution of Revenues
and Grants-in-Aid (Amendment) Order 2015.
(2) It shall come into force on the first day of July 2015.
(3) It will remain in force till further orders.
2. Substitution of Article-4(3) P.O No.5 of 2010: In the Distribution of Revenues and Grants-in-
Aid Order, 2010 (P.O. No. 5 of 2010) for Article 4(3) the following shall be substituted;
3. The Federal Government shall guarantee that Balochistan Province shall receive the projected
MAMNOON HUSSAIN
PresidentPage 51
5.3 The following table shows the estimated transfers to the provincial governments on account of their
share in Federal Taxes and by straight transfers during the year 2023-24 and 2024-25;
TABLE 40
Provincial Share in Revenue Receipts
2023-24 (Budget)
(Rs. In Million)
Object Khyber
Description Balochistan Punjab Sindh Total
Code Pakhtunkhwa
(A) Divisible Taxes 475,397.281 856,483.771 2,650,622.697 1,283,938.760 5,266,442.509
B01108 Taxes on Income 213,160.755 384,034.02 1,185,980.461 575,698.193 2,358,873.425
B01809 Capital Value Tax 47.384 85.371 269.715 127.977 530.447
B02303 Sales Tax excl. GST on
B02382 174,088.146 313,640.142 962,904.365 470,172.055 1,920,804.708 services
B02383
B02408 Federal Excise (Net of 26,828.033 48,333.838 152,704.339 72,456.350 300,322.560B02503 Gas)
B02170 Customs Duties 61,272.963 110,390.404 348,763.817 165,484.185 685,911.369
(B) Straight Transfers 19,189.389 38,661.140 13,269.543 61,438.608 132,558.680
Gas DevelopmentC03904 - 2,427.698 549.565 10,742.736 13,719.999 Surcharge
C03908 Royalty on Natural Gas 16,510.285 10,236.316 2,299.942 33,505.632 62,552.175
C03907 Royalty on Crude Oil 165.404 23,545.166 9,961.396 8,605.440 42,277.406
Excise Duty on Natural
B03044 2,513.700 2,451.960 458.640 8,584.800 14,009.100 Gas
Total (A+B) 494,586.670 895,144.911 2,663,892.240 1,345,377.368 5,399,001.189Page 52
TABLE 41
Provincial Share in Revenue Receipts
2023-24 (Revised)
(Rs. In Million)
Object Khyber
Description Balochistan Punjab Sindh Total
Code Pakhtunkhwa
(A) Divisible Taxes 475,397.281 843,385.50 2,664,564.456 1,264,303.389 5,247,650.627
B01108 Taxes on Income 213,160.755 336,376.78 1,062,737.763 504,256.128 2,116,531.429
B01809 Capital Value Tax 47.384 975.805 3,082.925 1,462.810 5,568.924
B02303 Sales Tax excl. GST on
B02382 174,088.146 331,533.55 1,047,436.213 496,995.729 2,050,053.639 services
B02383
B02408 Federal Excise (Net of 26,828.033 54,688.703 172,781.692 81,982.809 336,281.237B02503 Gas)
B02170 Customs Duties 61,272.963 119,810.659 378,525.863 179,605.913 739,215.398
(B) Straight Transfers 18,311.300 51,041.425 11,927.404 97,443.451 178,723.580
Gas Development
C03904 - 6,040.805 1,235.604 19,183.591 26,460.000 Surcharge
C03908 Royalty on Natural Gas 16,796.220 16,580.620 1,821.820 53,016.040 88,214.700
C03907 Royalty on Crude Oil 266.560 27,068.580 8,641.640 20,781.880 56,758.660
Excise Duty on NaturalB03044 1,248.520 1,351.420 228.340 4,461.940 7,290.220
Gas
Total (A+B) 493,708.581 894,426.926 2,676,491.860 1,361,746.840 5,426,374.207
TABLE 42
Provincial Share in Revenue Receipts
2024-25 (Budget)
(Rs. In Million)
Object Khyber
Description Balochistan Punjab Sindh Total
Code Pakhtunkhwa
(A) Divisible Taxes 647,006.766 1,165,658.312 3,682,742.587 1,747,416.515 7,242,824.180
B01108 Taxes on Income 272,992.995 491,828.79 1,553,867.721 737,291.313 3,055,980.818
B01809 Capital Value Tax 802.323 1,445.479 4,566.800 2,166.890 8,981.492
B02303 Sales Tax excl. GST on
B02382 248,905.832 448,432.949 1,416,764.330 672,237.423 2,786,340.534 services
B02383
B02408 Federal Excise (Net of 47,961.427 86,408.115 272,994.962 129,532.786 536,897.290
B02503 Gas)
B02170 Customs Duties 76,344.189 137,542.980 434,548.774 206,188.103 854,624.046
(B) Straight Transfers 20,550.600 55,877.151 12,333.098 106,414.971 195,175.820
Gas Development
C03904 - 6,147.051 963.138 17,389.811 24,500.000 Surcharge
C03908 Royalty on Natural Gas 18,376.960 19,980.240 2,095.240 61,223.540 101,675.980
C03907 Royalty on Crude Oil 201.880 27,613.460 8,914.080 20,751.500 57,480.920
Excise Duty on NaturalB03044 1,971.760 2,136.400 360.640 7,050.120 11,518.920
Gas
Total (A+B) 667,557.366 1,221,535.463 3,695,075.685 1,853,831.486 7,438,000.000Page 53
Chapter 6: CAPITAL RECEIPTS
6.1 Capital receipts comprise Recoveries of Loans and Advances from Provinces and other entities and
Public Debt which includes Permanent Debt and Floating Debt. The net capital receipts so realized
by the Federal Government generally constitute the available resources for the financing of its Public
Sector Development Programme. External finances and un-funded debt (primarily made up of the
various instruments available under the National Savings Schemes) also fall under the category of
Capital Receipts, however, they are covered under separate chapters of this publication.
6.2 The following table indicates the position of capital receipts for 2023-24 (Budget and Revised) and
2024-25(Budget).
TABLE 43
Capital Receipts
(Rs. In Million)
Object Description 2023-24 2023-24 2024-25
Code Budget Revised Budget
Capital Receipts
(I) Recoveries of Loans and Advances 632,200.000 393,541.000 491,999.000
E021 Provinces 621,700.000 269,493.000 479,999.000
E022-27 PSEs and Others 10,500.000 124,048.000 12,000.000
(II) Public Debt (Net) 1,898,918.853 2,407,962.065 2,542,380.457
Permanent Debt (Net) 1,699,309.348 1,846,067.990 2,540,204.526
E031 Domestic Debt (Permanent) 1,699,372.348 1,846,109.590 2,540,267.526
E033 Foreign Currency Debt (Permanent) (63.000) (41.600) (63.000)
E032 Floating Debt (Net) 199,609.505 561,894.075 2,175.931
Total Capital Receipts (I+II) 2,531,118.853 2,801,503.065 3,034,379.457Page 54
6.3 Recovery of Loans and Advances
6.3.1 The recovery of principal amount of loans and advances from provinces, public sector enterprises,
financial and non-financial institutions is reflected in this section.
6.3.2 The estimates of recoveries of loans and advances are given below tables :
TABLE 44
Recovery of Loans and Advances
(Provinces)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
E021 Province-Wise Break-up
Punjab 112,937.086 113,974.722 113,340.304
E02102 Cash Loans 980.095 980.985 374.066
E02106 Foreign Loans 111,956.991 112,993.737 112,966.238
Sindh 45,392.616 44,399.768 40,856.947
E02101 Cash Loans 2,735.486 2,735.486 1,485.553
E02105 Foreign Loans 42,657.130 41,664.282 39,371.394
Khyber Pakhtunkhwa 25,039.671 24,782.474 30,587.819
E02104 Cash Loans - - -
E0218 Foreign Loans 25,039.671 24,782.474 30,587.819
Balochistan 7,964.486 8,756.169 8,652.074
E02103 Cash Loans 14.555 45.063 81.727
E02107 Foreign Loans 7,949.931 8,711.106 8,570.347
E021 Total (Recovery of Loans) 191,333.859 191,913.133 193,437.144
Loan-wise Break-up
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Cash Loans 3,730.136 3,761.534 1,941.346
E02102 Punjab 980.095 980.985 374.066
E02101 Sindh 2,735.486 2,735.486 1,485.553
E02104 Khyber Pakhtoonkhwa - - -
E02103 Balochistan 14.555 45.063 81.727
Foreign Loans 187,603.723 188,151.599 191,495.798
E02106 Punjab 111,956.991 112,993.737 112,966.238
E02105 Sindh 42,657.130 41,664.282 39,371.394
E02108 Khyber Pakhtoonkhwa 25,039.671 24,782.474 30,587.819
E02107 Balochistan 7,949.931 8,711.106 8,570.347
E021 Total (Recovery of Loans & Advances) 191,333.859 191,913.133 193,437.144Page 55
TABLE 45
Recovery of Loans and Advances
(Local Bodies)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Local Bodies
E022 Cash Loans (A) 32,959.060 18,252.212 33,898.666
PTV 58.750 58.753 58.753
Lahore Garment City 23.110 20.702 23.105
NHA 31,520.660 16,262.942 31,520.661
PIA - - 261.774
PBC 82.810 74.571 82.812
Capital Development Authority 149.410 139.637 149.412
Saindak Metal Ltd - 596.621 677.821
State Engineering Corporation 4.710 3.491 4.714
Printing Corporation of Pakistan 18.100 195.631 18.101
Pakistan Steel Mil 1,087.930 887.167 1,087.932
Heavy Mechanical Complex 13.580 12.697 13.581
E022 Foreign Loans (B) 105,311.467 107,615.973 109,320.371
Karachi Port Trust 1,501.998 1,476.171 1,523.794
NHA 46,826.958 50,406.982 50,107.109
GIK Institute 6.263 6.224 6.433
SSGC 1.501 1.501 1.501
Shaukat Khanum Memorial Trust 17.503 17.394 17.976
NEPRA 0.751 0.751 1.501
OGRA 0.623 0.623 1.245
P.A.E.C (Chashma Nuclear Power Plant) 56,955.870 55,706.327 57,660.812
E022 Total Local Bodies (A+B) 138,270.527 125,868.185 143,219.037
TABLE 46
Recovery of Loans and Advances
(Financial Institutions)
(Rs. In Million)
Object 2023-24 2023-24 2024-25 Description
Code Budget Revised Budget
E023 Financial Institutions
Foreign Loans 724.949 724.949 627.635
IDBP 97.314 97.314 -
Pakistan Mortage Refinance Co Ltd (PMRC) 627.635 627.635 627.635
E023 Total - Financial Institutions 724.949 724.949 627.635Page 56
TABLE 47
Recovery of Loans and Advances
(Non-Financial Institutions)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
(I) Power Sector 46,349.995 49,654.327 43,355.115
E024 Cash Loans (A) 3,792.390 3,782.961 4,061.673
WAPDA (power wing) 2,507.060 2,507.060 2,664.921
WAPDA (water wing) 71.420 71.424 93.117
TESCO 23.480 23.480 20.867
QESCO 85.300 85.301 94.732
MEPCO 22.840 22.840 25.795
GENCO-I 10.160 10.160 -
GENCO-II 254.310 254.310 275.178
GENCO-III 127.580 127.580 124.297
GENCO-IV 1.130 1.126 -
CPPA 40.100 40.100 40.100
NJHP 606.670 606.670 677.706
NTDC 42.340 32.910 44.960
E024 Foreign Loans (B) 42,557.605 45,871.366 39,293.442
WAPDA (Power Wing) 8,691.154 10,674.327 10,164.494
Jamshoro Power Company Ltd (JPCL) 6,081.567 6,377.500 7,213.259
LESCO 467.657 467.657 252.187
HESCO 574.798 574.798 302.807
PESCO 385.465 384.655 309.251
QESCO 595.717 595.717 514.762
GEPCO 497.565 497.565 466.895
IESCO 721.569 721.390 335.922
FESCO 316.162 316.162 256.717
MEPCO 811.034 811.034 426.286
NTDC 10,353.842 11,389.486 5,989.787
NJHP 13,035.379 13,035.379 13,035.379
PEPCO 25.696 25.696 25.696
(II) Autonomous Bodies/Corporations 4,855.345 4,853.421 4,844.020
E024 Foreign Loans 4,855.345 4,853.421 4,844.020
Pakistan Railways 840.070 838.146 841.994
Korangi Fisheries Harbour Authority (KFHA) 26.584 26.584 13.335
PPAF 1,190.621 1,190.621 1,190.621
TEVTA 31.856 31.856 31.856
SUPARCO 2,510.210 2,510.210 2,510.210
Special Communication Organization 256.004 256.004 256.004
E024 Total Non-Financial Institutions (A+B) 51,205.340 54,507.748 48,199.135Page 57
TABLE 48
Recovery of Loans and Advances
(From Government Servants)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
E025 Government Servants
Cantt/Garrison Educational Institutions 61.047 91.884 96.478
Office of the AGPR, Islamabad 5,793.311 5,871.463 6,458.610
AGPR sub-office, Lahore 1,504.088 1,724.568 1,983.031
AGPR sub-office, Karachi 10,613.639 1,402.696 1,542.965
AGPR sub-office,Peshawr 643.869 6,177.141 6,794.856
AGPR sub-office, Quetta 269.341 310.579 326.105
AGPR sub-office, Gilgit 254.181 274.911 329.894
Defence - - 1,080.250
Military Accoumtant General,Rawalpindi - 56.128 56.128
Pakistan Post Office Deptt - 386.595 347.936
Pak PWD 148.910 114.004 125.405
Pakistan Mint 23.980 17.024 24.050
CAO (Ministry of Foreign Affairs) 215.616 211.572 233.794
Central Dte of National Savings 150.127 158.323 155.987
Geological Survey of Pakistan - - -
Special Communication Organization 13.725 12.901 13.867
National Tariff Commission 16.876 17.396 18.265
NDMA 1.391 - -
E025 Total Government Servants 19,710.101 16,827.185 19,587.621
TABLE 49
Recovery of Loans and Advances (Others)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
E027 Others
Recovery of Cash Loans (Others) 23,605.642 23,556.140 21,900.569
Ways & Means Advances to Provinces,AJK/ 21,015.000 21,015.000 21,000.000 Special Areas
Cash Loans- Govt of AJK 2,573.786 2,541.140 900.569
Cash Loans - PNRA 16.856 - -
Recovery of Foreign Loans (Others) 4,606.228 4,552.646 4,790.684
Foreign Loans-Govt of AJK 4,487.824 4,544.958 4,782.960
Foreign Loans-Govt of Gilgit,-Baltistan 118.404 7.688 7.724
E027 Total - Others 28,211.870 28,108.786 26,691.253Page 58
TABLE 50
Summary of Recovery of Loans and Advances
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Total Recovery Cash Loans (PSEs) 80,067.193 62,418.498 79,448.529
Total Recovery Foreign Loans (PSEs ) 158,055.594 163,618.355 158,876.152
Total Recovery of Loan & Advances
E021 191,333.859 191,913.133 193,437.144
(Provinces)
Recovery from Arrears Stock 430,366.141 77,579.867 286,561.856
Net Recovery of Loan & Advances
621,700.000 269,493.000 479,999.000
(Provinces)
E022 Total Local Bodies 138,270.527 125,868.185 143,219.037
E023 Total Financial Institutions 724.949 724.949 627.635
E024 Total Non-Financial Institutions 51,205.340 54,507.748 48,199.135
E025 Total Government Servants 19,710.101 16,827.185 19,587.621
E027 Total - Others 28,211.870 28,108.786 26,691.253
Total Recovery of Loan & Advances (PSEs
238,122.787 226,036.853 238,324.681
& Others )
Estimated Shortfall 227,622.787 101,988.853 226,324.681
Net Recovery of Loan & Advances (PSEs
10,500.000 124,048.000 12,000.000
& Others)
Grand Total - Recovery of Loans 632,200.000 393,541.000 491,999.000
6.4 Public Debt
6.4.1 Public Debt of the Federal Government is classified into two categories:
(i) Permanent debt, which includes Domestic Debt (permanent debt) and Foreign Currency Debt
(Permanent)
(ii) Floating Debt (Net) is applied to borrowing of purely temporary nature with currency of not more than
twelve months.
TABLE 51
Public Debt (Net)
(Rs. In Million)
Object 2023-24 2023-24 2024-25 Description
Code Budget Revised Budget
Public Debt (Net)
Permanent Debt (Net) 1,699,309.348 1,846,067.990 2,540,204.526
E031 Domestic Debt (Permanent) 1,699,372.348 1,846,109.590 2,540,267.526
E033 Foreign Currency Debt (Permanent) (63.000) (41.600) (63.000)
E032 Floating Debt (Net) 199,609.505 561,894.075 2,175.931
Total Public Debt (Net) 1,898,918.853 2,407,962.065 2,542,380.457Page 59
6.4.2 Domestic Debt (Permanent)
6.4.2.1 The main features of securities through which domestic debt (permanent) is raised are given below:
6.4.2.2 Pakistan Investment Bonds
This security having maturity period of 2, 3, 5, 7, 10, 15, 20 and 30 years is in operation since 2000.
Against the budgeted receipt of Rs. 244,802 million for the year 2023-24, the revised estimates for
the year 2023-24 have been worked out at Rs. 237,033 million whereas the budget estimates for the
year 2024-25 are estimated at Rs. 204,686 million.
6.4.2.3 Government Ijara Sukuk Bonds
The Government of Pakistan Ijara Sukuk Bonds are issued through Pakistan Domestic Sukuk
Company Limited. The Sukuk are not redeemable before maturity. The profit on the Sukuk is payable
bi-annually on rental rate to be announced by State Bank of Pakistan. Against the budget estimates
of Rs. 1,431,569.700 million for the year 2023-24, the revised estimates have been projected at Rs.
1,614,302 million. The budget estimates for the year 2024-25 are estimated at Rs. 2,313,469 million.
6.4.2.4 Premium Prize Bonds (Registered):
Premium Prize Bonds (Registered) of Rs.40,000/- denomination have been launched. These bonds
offer biannual profit payment on completed period of six months i.e. 5.70%(biannual) as well as prize
money on quarterly draws.The bond shall be registered against the name of purchaser. The
Ownership of bond is transferable from one person to another person through an application on
prescribed format.
6.4.2.5 The net receipts from domestic debt (permanent) during the year 2023-2024 (Budget & Revised) and
2024-2025 (Budget) are estimated as under:-
TABLE 52
Domestic Debt(Permanent)-Net
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
E031 Domestic Debt (Permanent)
Pakistan Investment Bonds (Non-Bank) 244,801.825 237,032.717 204,686.476
Government Ijara Sukuk Bonds 1,431,569.700 1,614,301.600 2,313,469.100
Premium Prize Bond (Registered) 25,000.000 (1,000.000) 25,000.000
Pakistan Banao Certificate (3 Years) (693.970) (588.210) -
Pakistan Banao Certificate (5 Years) (650.967) (2,882.077) (2,888.050)
FADRA (654.240) (754.440) -
ICBC (Foreign Currency Denominated
- - - Domestic Loan)
E031 Total Domestic Debt (Permanent) 1,699,372.348 1,846,109.590 2,540,267.526Page 60
6.4.3 Foreign Currency Debt (Permanent)
6.4.3.1 Foreign currency debt(Permanent) comprise of long, medium and short term debt.It includes the
following securities:
6.4.3.2 Foreign Exchange Bearer Certificates (FEBCs)
Budget estimates in case of repayment of Foreign Exchange Bearer Certificates for financial year
2023-24 were estimated at Rs. 5.000 million. Revised estimates for the year 2023-24 are projected at
Rs. 0.500 million whereas budget estimates for financial year 2024-25 have been kept at Rs. 5.000
million.
6.4.3.2 Foreign Currency Bearer Certificates (FCBCs)
Repayment on account of Foreign Currency Bearer Certificates in the budget estimates for the year
2023-24 was estimated at Rs. 5.000 million. Revised estimates for the year 2023-24 and budget
estimates for the year 2024-25 on account of repayment have been kept at Rs.1.000 million and
Rs.5.000 million respectively. These certificates are in US$ and Pound Sterling. Profit is payable half
yearly at floating rates which is not liable to income tax. Investment in these certificates is exempt
from Wealth Tax and compulsory deduction of Zakat.
6.4.3.3 US Dollar Bearer Certificates (DBCs)
This security was introduced in 1991 and discontinued on 17th November, 1994. Against the
repayment of Rs. 3.000 million in the budget estimate 2023-24, revised estimates in 2023-24 and
budget estimates for the year 2024-25 have been kept at Rs. 0.100 million and Rs.3.000 million
respectively.
6.4.3.4 Special US Dollar Bonds
These bonds were issued under Special US Dollar Bonds Rules, 1998 to the Foreign Currency
Accounts holders or Foreign Currency Certificates holders with scheduled banks or non-bank
financial institutions out of their foreign currency deposits. Against the repayment of Rs. 50.000
million provided in budget estimates 2023-24, the repayment on account of these bonds in revised
estimates 2023-24 has been estimated at Rs.40.000 million and the repayment of budget estimates
for the year 2024-25 are estimated at Rs.50.000 million. The estimates of foreign currency debt
(permanent) are tabulated below:-
TABLE 53
Foreign Currency Debt(Permanent)- Net
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Foreign Currency Debt (Permanent)
Foreign Exchange Bearer Certificates (5.0) (0.5) (5.0)
(FEBCs)
Foreign Currency Bearer Certificates (5.0) (1.0) (5.0) (FCBCs)
US Dollar Bearer Certificates (DBCs) (3.0) (0.1) (3.0)
Special US Dollar Bonds (50.0) (40.0) (50.0)
Total Foreign Currency Debt
E033 (63.0) (41.6) (63.0)
(Permanent)Page 61
6.4.4 Floating Debt
6.4.4.1 Market Related Treasury Bills, National Prize Bonds and Bai-Muajjal Ijara Sukuks are included in this
category.
6.4.4.2 Market Related Treasury Bills (Auction)
These reflect non-bank borrowing of the Federal Government.
6.4.4.3 National Prize Bonds:
These are of bearer type non-terminable securities freely en-cashable and transferable by delivery.
These are issued in denomination of Rs.100/-, Rs.200/-, Rs.750/-, Rs.1,500/-, Rs.7,500/-, Rs.15,000/-
, Rs.25,000/- and Rs.40,000/-. Recently Prize Bonds amounting to Rs.7,500/-,Rs.15,000/-
,Rs.25,000/- and Rs.40,000/- has been converted from Bearer into Registered Pize Bonds and data
for conversion has been extended by Finance Division with consultation of State Bank of
Pakistan.The budget net figure (receipts minus Repayments) for the year 2023-24 was Kept at
Rs.10,609.505,million, the revised estimates for the year 2023-24 are kept at Rs. 2,347.492 million
and budget estimates for the year 2024-25 are estimated at Rs.2,175.931 million.
6.4.4.4 Government Bai-Muajjal Ijara Sukuk
Government Bai-Muajjal Ijara Sukuk are issued through auction for a maturity period of one year
from date of issue. Bai-Muajjal Ijara Sukuk shall be repaid only on maturity. The profit earned on Bai-
Muajjal Ijara Sukuk shall be liable to income tax. Withholding tax shall be deducted at source at the
applicable rate. The estimates of receipts for floating debt during the year 2023-24 (Revised) and
2024-25 (Budget) are as under:-
TABLE 54
Floating Debt(NET)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Floating Debt
Market Treasury Bills through Auction
A.
(Non-Bank)
Receipts 25,536,000.00 21,179,000.000 12,511,000.000
Repayments 25,347,000.00 20,619,453.417 12,511,000.000
A. Market Treasury Bills (NET) 189,000.000 559,546.583 -
B. National Prize Bond (Net) 10,609.505 2,347.492 2,175.931
C. Govt Bai-Muajjal Ijara Sukuk - - -
E032 Total Floating Debt (A+B+C) 199,609.505 561,894.075 2,175.931Page 62
Chapter 7: PUBLIC ACCOUNT RECEIPTS
7.1 Article 78(1) of the Constitution of Islamic Republic of Pakistan provides that all revenues received
by the Federal Government, all loans raised by that Government and all moneys received by it in
repayment of loan, shall form part of the Federal Consolidated Fund. Article 78(2) provides that all
other monies received by or on behalf of the Federal Government shall be credited into the Public
Account of the Federation. Therefore, all the monies received by or on behalf of the Federal
Government in terms of Article 78(2) are Public Account receipts which are not revenues in terms of
Article 78(1) of the Constitution. However, such Public Account receipts cannot be operated without
establishment of Special Purpose Funds, deposits, reserves etc under the authority of an Act of the
Parliament or with the approval of the Federal Government. Moreover, as per Section 32 of the
Public Finance Management Act, 2019, Special Purpose Funds, in which monies have been
appropriated by the National Assembly shall be established under any law or with the approval of the
Federal Government.
7.2 Public Account Receipts may be categorized as Deferred Liabilities and Deposits & Reserve.The
Revised and Budget Estimates of Public Accounts Receipts(Net) are given in Tbale 55.
TABLE 55
Public Account Receipts (Net)
(Rs. In Million)
Object 2023-24 2023-24 2024-25 Description
Code Budget Revised Budget
Public Accounts Receipts(Net)
G03 Deferred Liabilites (Net) (38,396.06) (160,153.88) 53,035.40
G06-12 Deposits and Reserves (Net) 45,606.288 65,582.163 67,196.705
Total Public Accounts Receipts(Net) 7,210.22 (94,571.72) 120,232.11
7.3 Deferred Liabilities
7.3.1 These receipts represent the net proceeds of various savings schemes launched by the
Government. Brief introduction of each saving scheme is given below.
7.3.2 Defence Savings Certificates
This is a ten years scheme. However, the investment can be encashed at any time. The rate of
return on Defence Savings Certificates has been linked with the yield of Pakistan Investment Bonds
of ten years maturity. The existing rate on this scheme is 13.57 % p.a. on maturity. Withholding tax is
deducted from the profit payment. Apart from the individuals, institutions may invest their individuals'
funds such as pension, gratuity, superannuation, contribtory provident funds and trusts etc.in this
scheme.
7.3.3 Special Savings Certificates
Special Savings Certificates (Registered/Accounts) is a three years scheme with profit payable on
six monthly basis. The rate of return on Special Savings Certificats/Accounts has been linked with
the yield of Pakistan Investment Bonds of three years maturity.The existing rate of profit in this
scheme is 15.70% per annum for first to fifth profits and 16.60 % for the last sixth profit. While
average rate is 15.85 %. Withholding tax is deducted from the profit payment. Apart from individuals,
institutions may invest their individuals' funds such as pension, gratuity, superannuation, contribry
provident funds and trusts etc.in this scheme.Page 63
7.3.4 Regular Income Certificates
This scheme was introduced on 02-02-1993 to ensure payment of income on monthly basis. The rate
of return on Regular Saving Certificates has been linked with the yield of Pakistan Investment Bonds
of five years matuarity. The existing profit on this scheme is 14.64 % per annum. The profit in this
scheme is subject to withholding tax and the investment is exempt from compulsory deduction of
zakat at source. Apart from individuals, institutions may invest their individuals' funds such as
pension, gratuity, superannuation, contributory provident funds and trusts etc.in this
scheme.Premature encashment on these certificates carry service charges as under:-
(i) If encashed before completion of one year from @ 2 % of face value
the date of issue
(ii) Before two years @ 1.50 % of face value
(iii) Before three years @ 1% of face value
(iv) Before four years @ 0.5% of face value
7.3.5 Savings Accounts
This is the oldest saving scheme in operation which provides profit on non-checking accounts.Zakat
is deducted @ 2.50 % on credit balance on valuation date each year if declaration in this regard is
not filed.The existing profit on savings account is 20.50% p.a. Withholding tax is deducted from the
profit payment. Apart from individuals, institutions may invest their individuals' funds such as
pension, gratuity, superannuation, contributory provident funds and trusts etc.in this scheme.
7.3.6 Pensioners’ Benefit Accounts
This scheme has been launched with effect from 20-1-2003 to provide incentives to the retired
officials of the Federal Government, Provincial Governments, Azad Government of the State of
Jammu and Kashmir, Armed Forces, Semi Governments and Autonomous Bodies and in case of
death the pensioner’s eligible member of the family. Only one account can be opened in the National
Savings Centre with a minimum deposit of rupees ten thousand and in multiple of one thousand with
the facility of seven subsequent deposits subject to the maximum limit of five million rupees. It is a
ten years scheme and profit is payable on completion of each period of one month reckoned from the
date of opening of an account till maturity or encashment whichever is earlier. The existing rate of
profit on this scheme is 15.36 % per annum. Premature encashment before completion of one, two,
three and four years carries service charges at the rate of 1.00%, 0.75%, 0.50% and 0.25% of
principal amount respectively. Profit accrued from this scheme is exempt from compulsory deduction
of withholding tax and Zakat. The scheme has been made more attractive as any upward revision in
rate of profit notified after 09.03.2009 shall also be applicable to existing accounts holders whereas
downward revision shall also be apply to fresh investment only.
7.3.7 Bahbood Savings Certificates
Initially this scheme was introduced exclusively widows to cater for their needs with monthly profit
payment facility. The scheme was further extended to the persons of age 60 years or above. The
existing rate of profit on this scheme is 15.36 % per annum. The maximum investment limit in this
scheme is five million rupees and ten million rupees for joint holders. It is only a compensatory
package to enable widows and senior citizens to supplement their income to lead a respectable life.
Service charges at the rate of 1.00%, 0.75%, 0.50% and 0.25% of the face value are deducted if
certificates are encashed before completion of one, two, three and four years respectively. Profit
accrued from this scheme is exempt from compulsory deduction of withholding tax and Zakat.The
scheme has been made more attractive as any upward revision in rate of profit notified after
09.03.2009 shall also be applicable to existing certificate holders whereas downward revision shall
apply to frash investment only.Page 64
7.3.8 Shuhada's Family Welfare Account (SFWA)
A new savings scheme, namely Shuhada Family Welfare Account (SFWA), for the welfare of eligible
family members of Shuhada (martyrs) has been launched on 11th May, 2018. The eligible family
members can open the SFWA account in any National Savings Centre across Pakistan after
fulfillment of required documentation. Preferential profit in line with the existing welfare product i.e.,
Bahbood Savings Certificate and Pensioner Benefit Account shall be paid to the investor of SFWA
on monthly basis. Current profit rate is 15.36 % . Profit shall be exempted from Withholding Tax and
compulsory deduction of Zakat.
7.3.9 The Budget estimates of Deferred Liabilites on account of National Savings Schemes (Net)are
reported in below table:-
TABLE 56
Deferred Liabilities (Net)
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Code Description Budget Revised Budget
G03 Deferred Liabilities
(A) Provident Fund (25,264.782) (32,799.600) (26,719.800)
(B) Saving/Deposit Acctt/Certificates (13,131.282) (127,354.281) 79,755.200
Saving Bank Accounts 11,760.865 6,419.561 19,265.670
Khas Deposit Accounts (5.000) (5.000) (5.000)
Mahana Amdani Accounts (130.000) (110.000) (100.000)
Pensioners' Benefit Accounts 23,581.240 34,239.632 25,826.808
Defence Saving Certificates (26,031.222) (33,459.811) (30,673.795)
Bahbood Savings Certificates 4,988.170 45,561.054 24,426.695
National Deposit Certificates (1.000) (1.000) (1.000)
Khas Deposit Certificates (0.700) (0.700) (0.700)
Special Savings Certificates (40,086.961) (42,317.350) (15,676.631)
(Registered)
Special Savings Accounts (Term (16,539.947) (9,976.935) (3,695.996)
Deposit)
Shuhda Welfare Account 20.000 35.000 40.000
Regular Income Certificates (155,686.727) (214,738.732) (79,650.851)
Short Term Savings Certificates 25,000.000 21,000.000 10,000.000
Sarwa Islamic Saving and Term 160,000.000 66,000.000 130,000.000 Accounts
G03 Total Deferred Liabilities (A+B) (38,396.064) (160,153.881) 53,035.400Page 65
7.4 Deposits and Reserves
Deposits and Reserves represent all form of monies on the part of the Public Account of the
Federation as per Article 78(2) of the Constitution of Islamic Republic of Pakistan. The estimates in
table 46 are, however, subject to fulfillment of following stipulations;
(i) The funds appropriated by the National Assembly out of Federal Consolidated Funds in terms of
Articles 80 to 84 of the Constitution for a particular financial year (being lapsable) shall not be
deposited under these deposits and reserves heads of account (being non-lapsable) under the
Public Account.
(ii) The maintenance and operation of all these funds, deposits, reserves etc shall be subject to their
due establishment either under the authority of an Act of Parliament or with the approval of the
Federal Government, as the case may be.
(iii) Revenues as per Article 78(1) of the Constitution shall not be deposited in these deposits and
reserves heads of account under the Public Account. The revenues shall be deposited in the
respective heads of account of tax revenue and non tax revenue.
(iv) Receipt and withdrawal of funds into/from these deposits and resreves heads of account shall only
be allowed by the Accounting Offices subject to compliance of the stipulations at (i) to (iii) above and
to the extent of reconciled available balance under the respective head of account.
TABLE 57
Deposits and Reserve Fund
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
FGE BENEVOLENT FUNDS 6,327.606 6,341.111 6,658.166
G06202 Civil 1,914.935 1,976.556 2,075.384
G06203 F.G.Employees Benevolent Fund (Defence 4,309.931 4,272.720 4,486.356
G06205 Pakistan Post Office Department 3.704 3.795 3.985
G06206 Pak PWD 63.176 58.373 61.292
G06209 National Saving 25.893 23.475 24.648
G06210 Pakistan Mint 3.415 - -
G06212 Geological Survey of Pakistan 6.552 6.192 6.501
GROUP INSURANCE FUNDS 728.229 1,685.474 1,769.748
G06401 PAK PWD 5.972 6.772 7.111
G06404 National Saving 6.098 5.865 6.158
G06405 Pakistan Mint 0.189 - -
G06407 Geological Survey of Pakistan 2.533 2.308 2.424
G06409 Civil 485.717 458.188 481.097
G06410 Defence 227.191 1,211.940 1,272.537
G07104 Fed. Govt. Empl. Group Insur. Fund 0.529 0.401 0.421
contd…Page 66
(Rs. In Million)
Object 2023-24 2023-24 2024-25
Description
Code Budget Revised Budget
Main Department 89,075.108 76,410.305 80,230.819
Defence 3,319.357 5,818.186 6,109.095
G11224 Deposit Account with Defence 3,319.357 5,818.186 6,109.095
Pakistan Post - - -
G07101 Post Office Renewal Reserve Fund - - -
G07102 Pakistan Post Office Welfare Fund - - -
Pak PWD 85,755.751 70,592.119 74,121.724
G10101 Pak. PWD Receipts & Collection Account 938.347 457.321 480.186
G10113 Public Works/Pak. PWD Deposits 84,817.404 70,134.798 73,641.538
OTHERS 90,937.965 104,678.615 114,254.933
G06304 Workers Welfare Fund 32,335.843 45,000.000 40,000.000
G06315 Judicial Officers Welfare Fund. 3.679 2.940 3.087
G12140 PM Flood relief Fund 2010 0.126 0.024 0.025
G12150 PM Relief Fund for Thar 2014 1,885.993 142.443 149.566
PM COVID-19 Pandemic Relief FundG12157 360.713 1.787 1.876
2020.
G12164 PM's Relief Fund,Earthquake Other Cal 10,529.926 179.064 188.017
PM's Relief Fund for Turkiye & SyriaG12166 1,133.756 3.240 3.402 Earthquake
G12205 Pakistan Minorities Welfare Fund 0.340 - -
Special Fund for Welfare & Uplift ofG12206 0.328 - -
Minorities
G12226 Federal Government Artists Welfare - 175.852 184.645
G12305 Export Development Fund 16,703.000 23,581.981 24,761.080
Reserve Fund for Exchange Risk onG12308 5,529.258 24,665.017 25,898.268
Foreign Loans
G12412 Pakistan Oil Seed Development Fund 249.417 150.135 157.642
G12419 Research & Development Fund 2,349.000 1,789.094 1,878.548
SCP Diamer Basha and Mohmand Dam
G12421 7.636 - - Fund
G12504 Workers Children Education Fund 0.277 0.175 0.184
G12612 Fund for Urdu Science Board 1.096 2.192 2.302
Trust Interest Fund (Charitable
G12712 3.843 4.806 5.047 Endowment)
G12722 Other Miscellaneous Fund - - -
G12738 National Fund for Control of Drug Abuse 13.734 1.727 1.814
G12783 Universal Service Fund 7,200.000 5,357.139 5,624.996
G12803 Federal Pension Fund 10,000.000 - 10,000.000
NEW Film Finance Fund 1,000.000 - -
G14100 Pakistan Mint 1,570.000 26.300 1,620.000
G10104 Mint Receipt and Collection Account 60.000 3,594.699 3,774.434
Gross Receipts 187,068.908 189,115.505 202,913.666
Less Expenditure 141,462.620 123,533.342 135,716.961
Deposits and Reserves (Net) 45,606.288 65,582.163 67,196.705Page 67
Chapter 8: PRIVATIZATION PROCEEDS
8.1 Privatization in Pakistan is an important economic reform policy tool, for generating growth and to
expunge structural inefficiencies, by removing false barriers and opening up the economy to
competition. The Privatization is part of the economic and structural reforms agenda of Government
8.2 The Privatization Commission Ordinance, 2000 was promulgated on 28th September, 2000 to
establish "Privatization Commission" for implementation of privatization policy of the Federal
Government.
8.3 Section 16(2) of the said Ordinance envisages that the privatization proceeds shall be utilized by the
Federal Government as follows:-
(a) ten percent shall be used for poverty alleviation programmes and;
(b) the remaining ninety percent for retirement of the Federal Government debt.
8.4 The estimates of privatization proceeds are given in below table
TABLE 58
Privatization Proceeds
(Rs. In Million)
Object 2023-24 2023-24 2024-25 Description
Code Budget Revised Budget
E01501-02 Privatization Proceeds 15,000.000 10,838.000 30,000.000Page 68
No text layer on this page, see the official PDF.
Page 69
PART-II
EXTERNAL RECEIPTS
(ESTIMATES OF FOREIGN ASSISTANCE)Page 70
Chapter 9: ESTIMATES OF FOREIGN ASSISTANCE
9.1 Our external resources are derived from a combination of finanicing instruments, includling project
loans and grants, programme loans and other loans. The aim and objective of seeking foreign or
external financial assistance may be stated as "promoting economic and social development in the
developing conuntries". It can also be defined as "Administered transfer of resources from a donor
country or international agency to the developing countries with a view to encourage economic
growth". Foreign Aid can be in the form of money, goods or technical assistance and can be between
two (bilateral) or many (multilateral) countries/ institutions.
9.1.1 Foreign aid is also looked for to meet both economy's balance of payments gap and investment gap.
That is why project and technical assistance alone are not sufficient. A large part of assistance is
required in the shape of food and commodity aid. Project assistance does not simply finance import
of capital goods and related services but also meets a part of local currency expenditure. Thus aid
flow [project, programme and technical assistance] accompanied by commodity imports may
generate counterpart local currency funds that are used to finance development expenditures.
9.1.2 In fact, many developing countries do not have sufficient funds to provide public goods such as
education or transportation systems or clean water and waste disposal facilities. Although such
goods are essential for development, their economic rate or return is so uncertain that provate
invertors are unwilling to provide them on a large scale. Foreign aid can substitute for private capital
in those instances, providing the funds for investment in public goods that the international capital
market will not supply to those developing countries or would supply at a high interest rate. In
principle foreign aid could be a major source of capital, fueling the growth of development countries
and helping to promote economic and human development.
9.1.3 Foreign aid is good only if it is the result of financing investment in appropriate productive capacity.
Increasing output allows debt and interest to tbe repaid. If the aid is used to finance current account
deficits/ consumption, then there is no net investment and resultant future economic growth. Aid
becomes a burden. It, therefore, entails an effective and efficient external debt management with the
objective to ensuring that the government's.
9.1.4 Foreign aid is useful if utilized productively and efficiently otherwise developing countries are likely to
face financial crises and are caught up in debt trap. The sequence of events could be as under:-
a) As debt service liabilities rise without corresponding increase in revenue, the government would
need to set aside increasing share of budgetary resources for debt services;
b) The level of debt service would soon begin to affect routine government expenditure, often requiring
additional borrowings to meet rising contractual payment obligations;
c) The country would slowly slide into debt trap. More and more borrowings would be required to
service the accumulated debt, creating a vicious circle;
d) The rising debt service obligations eventually lead to default i.e. the inability to honour principal and
interest payment commitments; and
e) The default is generally followed by prolonged negotiations with the creditors individually or
collectively [Paris Club/ London Club], leading to rescheduling/ restructuring/ write off the external
debt. The relief programmes generally include reform conditions to redeem government finances and
put the economy back on the track.Page 71
9.2 Project Loans and Grants
9.2.1 Project loans and grants are received from specialized International Financial Institutions and friendly
countries with specific purposes falling under the following broad categories;
9.3 Project Loans & Grants for Public Sector Development Programme (PSDP)
9.3.1 Project loans and grants for PSDP are received for various projects being executed by Federal
Government, Provincial Government and various Autonomous Bodies such as WAPDA, PEPCO,
NHA etc.
9.4 Project Loans and Grants for Other than PSDP Projects
9.4.1 There are certain projects kept out of PSDP, which are executed by Federal Government, Provincial
Government and Autonomous Bodies by receiving project loans and grants.
9.5 Programme Loans
9.5.1 Programme loans are provided for budgetary support and are linked/tied with achievement of specific
targets and goals. Programme Loans not only stabilize foreign exchange reserves but also generate
rupee counterpart to meet country's development needs.
9.6 Other Loans
9.6.1 Other loans comprise loans from Islamic Development Bank, Sovereign Bonds, Sukuk Bonds, etc
received from non-traditional sources generally by way of payment as well as for budgetary support.
9.6.2 The estimates of external resources for the year 2023-24(budget and revised) and 2024-25 (budget)
are tabulated on the following page.Page 72
Table 1
Summary of Foreign Assistance
(Rs. In Million)
2023-24 2023-24 2024-25S. No. Description Budget Revised Budget
(1) PSDP Projects (A+B) 72,000.770 274,670.460 317,000.010
A. Project Loans 68,311.770 258,833.010 306,731.530
Federal Projects 8,925.820 23,322.690 54,482.380
Autonomous Bodies 59,385.950 235,510.320 252,249.150
B. Project Grants 3,689.000 15,837.450 10,268.480
Federal Projects 1,544.000 4,081.200 6,506.270
Autonomous Bodies 2,145.000 11,756.250 3,762.210
(2) Projects (Outside PSDP) 624,384.240 534,205.710 711,072.940
A. Project Loans 41,946.200 52,841.500 90,900.820
Federal Projects 38,229.200 45,010.650 72,562.250
Autonomous Bodies 3,717.000 7,830.850 18,338.570
B. Project Grants 13,940.700 5,845.950 3,172.120
Federal Projects 12,658.700 5,610.250 2,299.620
Autonomous Bodies 1,282.000 235.700 872.500
C. Project Loans & Grants 568,497.340 475,518.260 617,000.000
Provinces & FATA 568,497.340 475,518.260 617,000.000
(3) Programme Finance 788,170.780 433,723.830 278,777.550
Loans 782,095.570 433,723.830 278,748.050
Grants 6,075.210 0.000 29.500
(4) Other Loans 5,684,580.000 3,810,735.000 4,378,950.500
Total External Resources (1+2+3+4) 7,169,135.790 5,053,335.000 5,685,801.000Page 73
Table 2
Foreign Assistance Projects (PSDP)
(Federal and Autonomous Bodies)
(Rs. In Million)
2023-24 2023-24 2024-25S. No. Description Budget Revised Budget
(a) Federal Departments 10,469.820 27,403.890 60,988.650
Loans 8,925.820 23,322.690 54,482.380
Grants 1,544.000 4,081.200 6,506.270
(b) Autonomous Bodies 61,530.950 247,266.570 256,011.360
Loans 59,385.950 235,510.320 252,249.150
Grants 2,145.000 11,756.250 3,762.210
(i) WAPDA(Power) 0.000 59,300.520 43,896.000
Loans 0.000 49,342.620 41,862.000
Grants 0.000 9,957.900 2,034.000
(ii) NTDC 18,427.060 83,177.250 77,278.640
Loans 18,427.060 83,177.250 77,278.640
(iii) PPMC 4,000.000 6,441.000 12,998.510
Loans 4,000.000 6,441.000 12,998.510
(iv) NHA 13,090.000 29,434.800 36,220.000
Loans 12,990.000 29,337.900 35,220.000
Grants 100.00 96.90 1,000.00
(v) HEC 1,050.000 484.500 9,228.210
Loans 750.000 256.500 9,000.000
Grants 300.000 228.000 228.210
(vi) JPCL 3,000.000 29,925.000 10,000.000
Loans 3,000.000 29,925.000 10,000.000
(vii) Supraco 1,730.890 0.000 30,650.000
Loans 1,730.890 0.000 30,650.000
(viii) WAPDA(Water) 20,233.000 38,503.500 35,740.000
Loans 18,488.000 37,030.050 35,240.000
Grants 1,745.000 1,473.450 500.000
Total Project Loans 68,311.770 258,833.010 306,731.530
Total Project Grants 3,689.000 15,837.450 10,268.480
Total PROJECT LOANS & GRANTS FOR 72,000.770 274,670.460 317,000.010 PSDPPage 74
Table 3
Foreign Assistance Projects (Outside PSDP)
(Federal,Autonomous Bodies)
(Rs. In Million)
2023-24 2023-24 2024-25S. No. Description Budget Revised Budget
Loans/Grants Wise Break-up
(a) Federal Government 50,887.900 50,620.900 74,861.870
Loans 38,229.200 45,010.650 72,562.250
Grants 12,658.700 5,610.250 2,299.620
(b) Autonomous Bodies 4,999.000 8,066.550 19,211.070
Loans 3,717.000 7,830.850 18,338.570
Grants 1,282.000 235.700 872.500
(i) JPCL
Loans 812.000 1,425.000 1,775.000
(ii) PPMC
Loans 150.000 3,095.100 8,922.100
(iii) NTDC
Loans 650.000 393.300 1,212.000
Grants 1,131.000 5.700 147.500
(iv) WAPDA (Water)
Loans 2,105.000 0.000 0.000
Grants 29.000 0.000 0.000
(v) ERRA
Grants 122.000 230.000 725.000
(vi) HEC
Loans 0.000 256.500 2,418.100
Grants 0.000 361.000 236.000
(vii) Wapda-Power
Loans 0.000 2,299.950 3,775.370
(vii) PARC
Loans 0.000 361.000 236.000
Total Project Loans 41,946.200 52,841.500 90,900.820
Total Project Grants 13,940.700 5,845.950 3,172.120
Total PROJECT LOANS & GRANTS FOR 55,886.900 58,687.450 94,072.940 OUTSID PSDPPage 75
Table 4
Foreign Assistance Projects (Outside PSDP)
(Provinces,FATA& GB)
(Rs. In Million)
2023-24 2023-24 2024-25S. No. Description Budget Revised Budget
PROVINCES and FATA (Loans & Grants)
(A) PROVINCES (Loans & Grants)
(i) PUNJAB 125,977.300 95,881.130 123,000.000
(ii) SINDH 266,691.250 246,542.110 334,000.000
(iii) KHYBER PAKHTUNKHWA 138,269.800 97,419.850 131,000.000
(iv) BALOCHISTAN 37,558.990 30,402.670 29,000.000
(A) TOTAL PROVINCES (Loans & Grants) 568,497.340 470,245.760 617,000.000
(B) FATA
FATA 0.000 4,086.900 0.000
(B) Total FATA 0.000 4,086.900 0.000
(C) GB
GB 0.000 1,185.600 0.000
(C) GB 0.000 1,185.600 0.000
Total PROVINCES,FATA & GB (Loans & 568,497.340 475,518.260 617,000.000 Grants) OutsidePage 76
Table 5
Programme Loans and Grants
(Rs. In Million)
2023-24 2023-24 2024-25S. No. Description Budget Revised Budget
Programme Loans & Grants for
Federal,Autonomous Bodies and Provinces
A) Federal 676,898.280 344,379.180 274,046.050
Loans 670,823.070 344,379.180 274,016.550
Grants 6,075.210 0.000 29.500
B) Autonomous Bodies 21,170.000 29,078.550 4,731.500
C) Provinces 90,102.500 60,266.100 0.000
Total Programme Loans & Grants for (II) 788,170.780 433,723.830 278,777.550 Federal,Autonomous Bodies and ProvincesPage 77
Table 6
Other Loans
(Rs. In Million)
2023-24 2023-24 2024-25S. No. Description Budget Revised Budget
1 IsDB Short-term (Loans) 145,000.000 57,000.000 147,500.000
2 SFD Oil Financing 174,000.000 171,000.000 0.000
3 New Deposit UAE 290,000.000 0.000 0.000
4 Foreign Commercial Bank Loans 1,305,000.000 285,000.000 1,114,805.000
5 Euro Bonds 435,000.000 0.000 295,000.000
6 ECO Trade 29,580.000 28,500.000 29,500.000
7 SAFE Deposit 1,160,000.000 1,140,000.000 1,180,000.000
8 KSA Time Deposit 1,450,000.000 1,995,000.000 1,475,000.000
9 Naya Pakistan Certificate(NPC) 0.000 134,235.000 137,145.500
10 IMF Loan for Budgetary Support 696,000.000 0.000 0.000
Total Other Loans 5,684,580.000 3,810,735.000 4,378,950.500Page 78
SUMMARY OF NON-TAX REVENUE RECEIPTS
(MINISTRIES/DIVISIONS/DEPARTMENTS/INSTITUTIONS/AUTHORITIES)
(Rs. In Million)
2023-24 2023-24 2024-25
Sr.NO Description
Budget Revised Budget
1 State Bank of Pakistan 1,113,000.000 972,182.543 2,500,000.000
2 Ministry of Energy (Petroleum Division) 1,145,505.000 1,208,693.000 1,535,190.000
(i) Petroleum Development Levy 869,000.000 960,000.000 1,281,000.000
(ii) Royalty on Gas 75,000.000 93,567.000 103,751.000
(iii) Royalty on Oil 50,000.000 57,917.000 58,654.000
(iv) Windfall Levy against Crude Oil 35,000.000 28,000.000 28,000.000
(v) Natural Gas Development Surcharge 40,000.000 27,169.000 25,618.000
(vi) Discount Retained on local Crude Price 20,000.000 25,000.000 25,000.000
Receipts under the Mines - Oilfields and Mineral
(vii) 2,500.000 10,000.000 5,000.000 Development Act
(viii) Petroleum Levy on LPG 12,000.000 3,516.000 3,537.000
(ix) Gas Infrastructure Development Cess. 40,000.000 2,500.000 2,500.000
(x) Others Petroleum Division 2,005.000 1,024.000 2,130.000
3 Ministry of Defence 99,310.053 68,531.568 88,051.823
(i) Effective Services 41,255.754 31,189.228 42,427.073
(ii) Others Receipts from UNO 57,822.299 37,200.000 45,500.000
(iii) Others Defence 232.000 142.340 124.750
4 Ministry of Interior 80,789.782 73,958.054 92,225.349
(i) Passpor and Visa Fees 59,000.000 59,000.000 75,000.000
(ii) ICT Interior 19,380.040 12,823.920 14,756.230
(iii) Others Interior 2,409.742 2,134.134 2,469.119
5 Regulatory Authorities 99,028.000 43,031.134 65,213.022
(i) Pakistan Telecommunciation Authority (PTA) 74,225.000 33,743.451 33,812.000
(ii) Abandoned Properties Organization (APO) 11,000.000 2,538.763 14,030.262
(iii) Port Qasim Authority (PQA) 2,000.000 - 5,000.000
Securities & Exchange Commision of (iv) 5,400.000 1,653.820 2,604.460 Pakistan(SECP)
(v) Drug Regulatory Authority of Pakistan(DRAP) 1,500.000 - 1,500.000
National Database and Registration Authority
(vi) 1,200.000 4,000.000 4,000.000 (NADRA)
Pakistan Standard Quality Control
(vii) 1,000.000 - 1,100.000 Authority(PSQCA)
(viii) Oil and Gas Regulatory Authority (OGRA) 600.000 500.000 1,000.000
National Electric Power Regulatory Authority (ix) 300.000 580.000 1,000.000
(NEPRA)
(x) Civil Aviation Authority (CAA) 400.000 - 800.000
(xi) Others Regulatory Authorities 1,403.000 15.100 366.300
contd…Page 79
(Rs. In Million)
2023-24 2023-24 2024-25
Sr.NO Description
Budget Revised Budget
6 Ministry of Communications 10,338.923 10,253.343 12,057.500
7 Ministry of IT & Telecommunication 6,000.000 5,250.000 6,000.000
Special Communications Organization 6,000.000 5,250.000 6,000.000
8 Ministry of Housing & Works 2,500.000 3,777.000 4,438.000
9 Ministry of MARITIMES AFFAIRS 2,279.500 1,139.784 2,388.000
Ministry of Overseas Pakistanis & Human
10 1,500.000 1,300.000 1,500.000
Resource Dev.
11 Ministry of National Food Security and Research 1,423.670 1,273.850 1,304.900
Ministry of Religious Affairs And Interfaith
12 1,008.250 711.455 1,012.000
Harmony
13 Ministry of Foreign Affairs 480.500 705.000 1,005.000
14 Ministry of Commerce 1,000.000 1,200.000 1,000.000
15 Accountant General of Pakistan Revenues 1,201.012 501.215 701.355
16 Election Commission of Pakistan - 1,002.428 300.728
Ministry of National Health Services, Regulations
17 165.000 291.992 284.000
& Coord.
18 Economic Affairs Division 263.294 263.294 263.294
19 Competetion Commision of Pakistan 250.000 100.000 250.000
20 Establishment Division 327.900 229.650 231.150
21 Ministry of Law and Justice 251.820 174.110 202.555
Ministry of Federal Education and Professional
22 127.650 157.350 166.971
Training
23 Ministry of Inter Provincial Coordination (IPC) 104.000 119.000 159.000
24 Aviation Division 75.100 95.121 108.000
25 Pakistan Atomic Energy Commission 99.070 115.500 105.200
26 Pakistan Mint 100.000 100.000 100.000
27 Others Ministries/Divisions/Departments 287.698 120.736 107.095
Miscellaneous Receipts of Attached
28 44,405.000 56,115.484 73,055.000
Departments
29 Mobile Handset Levy 10,000.000 8,000.000 10,000.000
30 Foreign Grants-Devp Grants from Foreign Govt 25,000.000 6,000.000 15,000.000
31 Dividend(Financial/Non Financial Institutions) 121,425.000 92,994.125 138,915.000
32 Mark-up (Provinces) 77,201.128 89,736.504 96,353.283
33 Mark-up (PSEs & Others) 118,000.000 300,000.000 198,000.000
Total Non-Tax Revenue Receipts 2,963,164.056 2,947,849.946 4,845,414.931