The National Assembly (NA) yesterday approved the Federal Budget for the fiscal year 2024-25 with a total outlay of Rs18,870 billion. According to sources, the IMF wants Pakistan to hike the electricity and gas rates from July 1 and immediately implement the NEPRA decision regarding the increase in gas and power tariffs. IMF also demanded […]
A delegation from the Pakistan Business Council held discussions with FM Aurangzeb concerning the upcoming fiscal year’s budget. During the meeting, the delegation presented specific tax proposals and commended the government’s ongoing efforts. Aurangzeb assured the delegation that their recommendations were being carefully considered and would be taken into account as much as possible in […]
Muttahida Qaumi Movement (Pakistan) leader Muhammad Farooq Sattar, while participating in the budget debate, termed the budget for 2024-25 as traditional, reflecting a continuity of policies from the past 77 years. “The country’s current debt servicing issues, noting that most budget allocations are used for this purpose,” he highlighted. He said, “It is the government’s […]
The federal government will revise the petrol prices on June 15 with new prices coming into effect from June 16. Since April 16, the PML-N government has decreased petrol prices by Rs24 per litre and diesel by Rs20 per litre. From June 16, petrol prices are anticipated to drop by Rs9 and HSD by Rs4. […]
Finance Minister Muhammad Aurangzeb outlined the proposed changes during the National Assembly (NA) budget session, emphasizing the need for personal tax reforms. During the speech, Aurangzeb announced that the new tax target was set to Rs 12.97 trillion, a 38pc high year-on-year basis. He proposed maintaining the tax exemption on incomes up to Rs600,000 annually […]
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb will present the budget on the National Assembly floor. The budget will be aimed at mitigating the people’s sufferings, transforming the agriculture sector, promoting information technology (IT), and boosting exports the government sources said The government also claimed that in addition to fiscal management, revenue mobilization, […]
Sources said the government is working on different proposals for salary increases in the range of 10 to 15% for public sector employees in the upcoming budget FY 2024-25. On the salaries front, the Ministry of Finance wants to raise the salary by just 10%, say sources. There is another proposal under consideration to jack […]
