According to sources, Finance Minister Muhammad Aurangzeb will brief Prime Minister Shehbaz Sharif and other members on the budget 2025-26 during the meeting. The National Economic Council, a competent authority to approve the budget, will greenlight the budget for the upcoming financial period before being presented in the National Assembly. The National Economic Council is […]
The staff visit focused on recent economic developments, program implementation, and the budget strategy for fiscal year (FY) 2026. At the end of the visit, Porter said in a statement, “We held constructive discussions with the authorities on their FY2026 budget proposals, as well as the broader economic policy and reform agenda supported by the […]
Chairing an important meeting in Islamabad today on the preparation of the Federal Budget for the next fiscal year, he emphasized that all available resources will be utilized to alleviate the financial difficulties of the poor and middle class. The Prime Minister further directed that the federal budget should focus on export-driven, sustainable growth. He […]
As per details shared by sources, the federal development budget it is proposed to raise the Public Sector Development Programme (PSDP) allocation from the current Rs1,100 billion to Rs2,000 billion. Sources indicate that the increased allocation will be utilised to complete ongoing development projects under the Rs2,000 billion development outlay. Fewer than 100 new development […]
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, […]
