Budget
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Tax changes in Budget 2024-25 lead to pay cuts for public, private employees | The Express Tribune
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ISLAMABAD: The federal government’s tax adjustments in the Budget 2024-25 have resulted in a decrease in net salaries for numerous employees across both public and private sectors, despite nominal pay raises. According to government officials, the changes in tax rates…
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Modi’s govt spends billions on jobs, key allies in new budget
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Indian Prime Minister Narendra Modi attends the Quad leaders’ summit, in Tokyo, Japan, May 24, 2022. — Reuters Indian government unveiled spending of billions of dollars to create new jobs and satisfy key coalition partners in the first budget by…
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Brazil to freeze $2.70 billion in budget to meet fiscal target | The Express Tribune
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BRASILIA: Brazil’s Finance Minister, Fernando Haddad, announced on Thursday a plan to freeze 15 billion reais ($2.70 billion) from the 2024 budget. This move comes as the government grapples with meeting its fiscal targets for the year, following market pressures…
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‘Very optimistic’ Aurangzeb eyes IMF deal after tax-heavy budget approved
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Finance Minister Muhammad Aurangzeb addressing the press conference in Islamabad, on June 30, 2024. — Screengrab/GeoNews Finance Minister Muhammad Aurangzeb Sunday expressed optimism about Pakistan’s chances of securing a new IMF bailout, following President Asif Ali Zardari’s approval of the…
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Budget 2024-25 wins IMF praise amid calls for more fiscal tightening | The Express Tribune
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ISLAMABAD: The International Monetary Fund (IMF) has praised the stringent economic measures outlined in the budget, citing them as essential for economic stability, according to sources. The sources also reveal that there has been progress in the talks between Pakistan…
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Sindh approves Rs3.056 trillion budget for FY25 amid opposition unrest
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This photo shows the interior view of the Sindh Assembly during a session. — APP/File The Sindh Assembly has passed the provincial budget for the fiscal year 2024-25 (FY25), rejecting all proposals from opposition lawmakers, who, as a protest turned…
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NA passes tax-heavy budget as Pakistan looks to secure new IMF deal
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Finance Minister Muhammad Aurangzeb addressing on the floor of the National Assembly, on June 28, 2023. — Facebook/@NationalAssemblyOfPakistan ISLAMABAD: The National Assembly on Friday passed the tax-heavy Finance Bill 2024 as the government seeks to secure the new International Monetary…
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National Assembly approves budget 2024-25 amidst opposition criticism | The Express Tribune
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ISLAMABAD: The National Assembly on Friday approved the federal budget of Rs18,877 billion for the fiscal year 2024-25 following the completion of the approval process. During the session, all opposition amendments were rejected unanimously. Prime Minister Shehbaz Sharif, Pakistan Peoples Party…
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GB presents Rs1.402 trillion budget for upcoming fiscal year
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A file view of a session of the Gilgit-Baltistan Assembly. — Radio Pakistan/File GIlGIT: The Gilgit-Baltistan government has proposed a Rs1.402 trillion budget with a Rs19.07 billion subsidy for wheat in the upcoming fiscal year 2024-25. Presenting the budget in the…
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Balochistan presents Rs930bn budget 2024-25
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Balochistan Assembly seen in this undated image. — APP The Balochistan government on Friday presented its annual budget of Rs930 billion for the upcoming fiscal year 2024-25, with a surplus of Rs25 billion and special focus on education and health…
