Islamabad – The federal government will offer the fiscal year budget 2025-1026 on June 2, a few days before the holiday, the Minister of Planning announced the best turnout at a press conference on Friday. The government has determined the allocation of 921 billion rupees to the Public Sector Development Program (PSDP), which represents a … Read more
President Donald Trump is scheduled to unveil the proposal of his administration’s budget for the fiscal year 2026 on Friday, according to an official at the White House. The document is expected to reflect the overwhelming discounts in federal spending and aggressive financial priorities. The budget will be offered to Congress for review, where it … Read more
Islamabad: Pakistan is expected to increase the defense budget by 159 billion rupees for the next fiscal year 2025-1025, which amounts to the total allocation to 281 billion rupees, according to a report issued by Express News. Official sources indicate that the proposed budget represents an increase of 7.49 % compared to the allocation of … Read more
The federal government is considering reducing the average corporate tax and providing the broader tax exemptions in the coming budget for the fiscal year 2025-26, as it looks forward to supporting economic activity and creating job opportunities by taking advantage of the improved financial space that was created through low global oil prices and a … Read more
Federal Finance Minister Mohamed Oranquit said that the upcoming federal budget will include the relief measures targeted for individuals with wages and increased discounts in the electricity tariff, with the aim of implementing by July. During his talk to the media after the opening of the Gujranwala exhibition, organized by the Local Chamber of Commerce … Read more
Islamabad: The Ministry of Finance directed all federal ministries and departments to return the surplus of development funds allocated under the Public Sector Development Program (PSDP) for the fiscal year 2024-25, in a move aimed at avoiding fears of audit before the upcoming federal budget. The guidance follows a declining review of the federal development … Read more
IslamabadThe International Monetary Fund delegation (IMF) will arrive in Pakistan on Friday to help prepare the federal budget for the fiscal year 2025-26. The sources reveal that during its visit, the International Monetary Fund team will communicate with the Pakistani authorities to discuss the proposed tax policies, strategies to enhance revenues, and measures to control … Read more
Islamabad: Finance Minister Mohamed Uranzib revealed plans to provide financial relief to the salary class in the next budget, as he faced continuous financial challenges while supporting economic growth. Speaking to the media in Lahore on Sunday, Aurangzeb highlighted many positive economic indicators, including the number of transfers to 35 million and an increase in … Read more
Pakistan’s budget recorded a deficit of 1.54 trillion rupee, or 1.2 % of GDP, in the first half of the fiscal year 2024-25, after a statistical variation of 0.43 trillion rupee converting a preliminary surplus into a deficit. The deficit appears before the first review of the international talks in the International Monetary Fund (the … Read more
The French Senate approved the 2025 budget on Thursday, as it was sent to the Constitutional Council for review. If it is approved, President Emmanuel Macron can sign it in the law, as a political confrontation has ended that led to the collapse of the government and the unstable markets. The budget aims to reduce … Read more