The Ministry of Finance has finalized the proposed timeline for Pakistan’s federal budget for the fiscal year 2025-2026, with plans to present the budget in the first week of June 2025. Preparatory meetings and deadlines have been set to ensure timely submission and approval of key documents. Under the proposal, all budget documents would be … Read more
France’s postponed 2025 budget bill aims to achieve a deficit “slightly above 5%” to protect economic growth, new French Finance Minister Eric Lombard said in an interview with French financial weekly newspaper La Tribune Dimanche. Lombard, who previously led the Trust, was tasked with passing the budget through Parliament after the previous government was defeated … Read more
Islamabad: Minister of State for ICT Shatha Fatima Khawaja chaired the 45th R&D Fund Policy Committee meeting on Monday where Rs. A budget of $599.29 million has been approved for Ignite for the second quarter of fiscal year 2024-2025. The meeting was attended by IT Secretary Zarar Hashim Khan, ICT Department Special Secretary Azfar Mansoor … Read more
The IMF has identified significant problems in Pakistan’s budget preparation and implementation processes, revealing that deviations from the approved budget reached a record high of 55% in FY 2022-23 due to supplementary grants. The findings were outlined in the IMF’s technical assistance report on budget practices in Pakistan, emphasizing the need for stronger financial institutions … Read more
A man sits next to the Bank of England in the financial district of London, Britain, August 14, 2024. – Reuters The Bank of England cut interest rates for only the second time since 2020. “We need to make sure that inflation stays close to target,” the governor says. Rachel Reeves’ Budget is expected to … Read more
Islamabad: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto made a phone call with Balochistan National Party (BNP) leader Munjal Akhtar Munjal on Saturday and discussed the current political situation in the country. According to the details, the two leaders agreed on a joint strategy for the financial budget for next year. They also exchanged views … Read more