As per details, the proposed allocation marks an increase from the current fiscal year’s revised budget of Rs 1.453 billion. Over Rs 87 million is designated for the internal expenses of the Prime Minister’s Office, while Rs 896.542 million is proposed for public-related expenditures. It is worth mentioning here that Finance Minister Muhammad Aurangzeb presented […]
Yesterday, Finance Minister Muhammad Aurangzeb presented the Rs 17.573 trillion Budget for 2025-26 in the National Assembly. The finance minister congratulated Pakistan’s military and political leadership, highlighting the country’s exceptional success against its enemies. “Our armed forces displayed extraordinary capability and responded to threats with full strength,” he said. He stated this was the coalition […]
The meeting of the federal cabinet was chaired by Prime Minister Shehbaz Sharif in Islamabad The cabinet accorded approval to budgetary proposals for the fiscal year 2025-26. The federal government has set a GDP growth target of 4.2 per cent in the budget 2025-26. The budget 2025-26 will be presented today in the National Assembly […]
President of the All Pakistan Anjuman-e-Tajiran, Ajmal Baloch, presented his recommendations regarding the upcoming federal budget 2025-26. He demanded the removal of the amended tax ordinance and digital invoicing system from the budget, claiming these measures would make it difficult to conduct business. Baloch argued that the amended ordinance would prevent traders from maintaining funds […]
According to sources, it is expected that Rs. 2,550 billion will be allocated for defencse in the upcoming fiscal year. The estimated increase in the defense budget could reach up to 20%, with proportional allocations planned for the three armed forces as well as inter-services departments, sources said. In the current fiscal year, Rs2,122 billion […]
According to the budget 2025-26 proposals, the salaries and pensions of the government employees are likely to be raised. However, prospects for significant tax relief for salaried individuals appear dim, as the International Monetary Fund (IMF) has reportedly objected to maintaining the current annual tax-free income threshold of Rs1.2 million. As a result, the government […]
Later, he will lay a copy of the Finance Bill, 2025, containing the Annual Budget Statement before the Senate. Budget 2025-26 summarizes certain relief measures for salaried individuals, including a 10% salary increase for government employees and a 5% to 7.5% increase in pensions for retired civil servants. Employees in Grades 1 to 16 are […]
According to details, a cut of Rs 10.4 billion has been proposed, amounting to a 43.48% reduction compared to the previous fiscal year. For the budget 2025-26, the development funds for the IT ministry are proposed at Rs 13.52 billion. Out of this, Rs3.64 billion will be provided through domestic resources, while Rs9.88 billion is […]
According to official sources, the IMF is now willing to reduce income tax rates across all salary slabs. Sources revealed that the relief will be granted through amendments to Section 129 of the Income Tax Ordinance, which governs exemptions and concessions. One of the major changes under discussion includes raising the annual tax-free income threshold […]
As per details, the government has set Pakistan’s economic growth target at 4.2% for the upcoming fiscal year. As part of broader macroeconomic planning, the inflation rate is proposed to be capped at 7.5%, signalling a cautious yet optimistic approach to fiscal management amid domestic and global economic challenges. They further said, the agricultural sector […]
