Budget
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Anti-digital, pro-realty sector budget | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday unveiled a Rs17.6 trillion budget, which attempted to limit fiscal expansion but taxation measures were clearly self-contradictory that on one hand would promote cash economy and fossil fuels but discourage these too on the other. The government of Prime Minister Shehbaz Sharif also introduced new taxes…
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Budget FY26: NEC nods to record Rs4.2tr uplift outlay for next fiscal
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[ad_1] Prime Minister Muhammad Shehbaz Sharif chairs a meeting of the National Economic Council in Islamabad on Wednesday. —APP ISLAMABAD: The National Economic Council (NEC) on Wednesday gave nod to a Rs4.2 trillion ($15.1 billion) development programme for fiscal year 2025–2026 (FY26), setting aside Rs1 trillion for federal schemes and Rs2.87 trillion for provincial spending,…
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No agreement yet on FY26 budget as IMF wraps up Pakistan visit
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[ad_1] A woman walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, US, May 10, 2018. — Reuters The International Monetary Fund (IMF) announced that discussions on Pakistan’s fiscal year 2026 (FY26) budget will continue in the coming days, following the conclusion of a staff-level mission led by Nathan Porter. The…
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Further hike in defence budget likely to deal with India threat | The Express Tribune
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[ad_1] Listen to article ISLAMABAD: Pakistan may further increase the proposed defence budget for the next fiscal year to deal with the Indian aggression and spend more on indigenous research and development, in a move that may also require the provincial governments to share the additional cost. Official sources told The Express Tribune that due to rapid…
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Trump sharpens the knife on public spending in 2026 budget, reveals NYT
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[ad_1] US President Donald Trump. — Reuters President Donald Trump’s administration is seeking to slash billions of dollars from programmes that support childcare, health research, education, and housing in its 2026 fiscal budget proposal, the New York Times reported on Friday. The plan would also target community development and housing assistance, and is currently being…
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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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[ad_1] 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 for salaried individuals have led to a situation where, even with salary increases, higher…
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Modi’s govt spends billions on jobs, key allies in new budget
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[ad_1] 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 Prime Minister Narendra Modi’s government after an election setback, aiming to win back voters…
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Brazil to freeze $2.70 billion in budget to meet fiscal target | The Express Tribune
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[ad_1] 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 to reduce spending after a recent decline in local asset values. Of the total…
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‘Very optimistic’ Aurangzeb eyes IMF deal after tax-heavy budget approved
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[ad_1] 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 tax-intensive budget for the upcoming fiscal year starting July 1. The finance minister, during…
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Budget 2024-25 wins IMF praise amid calls for more fiscal tightening | The Express Tribune
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[ad_1] 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 and the IMF. The Fund, they said, has welcomed the tough economic decisions in…
