Budget
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Economists weigh in on federal budget FY25
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People buy dry fruits at a market in Karachi, Pakistan February 1, 2023. — Reuters After the Pakistan Muslim League-Nawaz-led coalition government presented federal budget 2024-25 with a total outlay of Rs18.9 trillion, prominent economists have analysed the strengths and…
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Budget 2024-25: Important takeaways as govt aims for IMF bailout
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A worker loads solar panels on a vehicle, outside a shop at a market selling electronic items in Karachi, Pakistan June 11, 2024. — Reuters The federal government on Wednesday released the budget for the fiscal year 2024-24, with a…
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Agriculture sector faces funding shortfall in Budget 2024-25 | The Express Tribune
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LAHORE: The saviour of Pakistan’s economy for FY-24, the agriculture sector, only managed to attract Rs5 billion for the next fiscal year from the incumbent government. During his budget speech on Wednesday, Finance Minister Muhammad Aurangzeb stated that agriculture is…
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Budget FY25: Pakistan sets challenging Rs13tr tax revenue target to woo IMF
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Finance Minister Muhammad Aurangzeb is presenting budget 2024-25 in the National Assembly on June 12, 2024. — APP ISLAMABAD: Preferring long-term economic sustainability over giving a short-run break to inflation-hit and income-strapped masses, Pakistan has decided to chase an overambitious…
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Budget: Govt proposes up to 25% hike in employees’ salaries
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An employee counts Pakistani rupee notes at a bank in Peshawar, on August 22, 2023. — Reuters ISLAMABAD: The federal government has decided to increase the salaries of its employees by up to 25%, Federal Minister for Finance Muhammad Aurangzeb said…
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Budget 2024-25: Here’s a guide to understand financial terms
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This is a representational image of budget papers. — Canva/File The government on Wednesday will table the much-awaited federal budget for the next next fiscal year 2024-25 as it seeks to secure the new International Monetary Fund (IMF) bailout package. The budget…
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Budget 2024-25: Govt likely to revise tax slabs for high-paid employees | The Express Tribune
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ISLAMABAD: The upcoming federal budget for 2024-25 is expected to see tax hikes and the removal of unnecessary exemptions, including a sales tax on petroleum products and revised income tax slabs for high-paid employees. According to documents, Rs2.1 trillion is…
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PSX dips below 73,000 barrier ahead of budget announcement | The Express Tribune
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The Pakistan Stock Exchange (PSX) experienced a significant downturn falling by 572 points, causing the index to drop below the 73,000-point barrier. The KSE-100 Index closed at 72,679 points. Inflation, current state of global markets, and the country’s political situation…
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SBP reduces policy rate by 1.5% ahead of budget
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The State Bank of Pakistan building in Karachi. — APP/file KARACHI: The State Bank of Pakistan (SBP) on Monday announced to cut the policy rate by 150 basis points, marking its first rate reduction in nearly four years. The decision…
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Solar panel prices jump ahead of budget | The Express Tribune
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KARACHI: Prior to the unveiling of the 2024-2025 budget in Pakistan, there has been a noticeable surge in solar panel prices, attributed to traders adjusting their rates in anticipation of upcoming tax changes. According to reports, the government, aligning with…
