Budget
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Punjab presents Rs5.4tr budget for next fiscal year
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[ad_1] Punjab Finance Minister Mujtaba Shuja-ur-Rehman is presenting a budget in the provincial assembly on June 13, 2024. — Screengrab/YouTube/GeoNews Punjab Finance Minister Mujtaba Shuja-ur-Rehman presented Rs5.4 trillion budget for fiscal year 2024-25, saying no new tax has been levied in finance bill. He said revenue collection will be increased by 50% through other means…
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Import duties on essential items remain unchanged in federal budget
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[ad_1] Representational image of people buying vegetables at a local market in Lahore on August 29, 2022, amid a big hike in prices of food items in the wake of massive floods in Pakistan. — AFP/File ISLAMABAD: The government has proposed several tax relief measures in the federal budget for the fiscal year 2024-25 such…
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Solar panels: Govt announces major relief in federal budget
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[ad_1] Workers washing 300 KWP solar PV system after its installation at Nishtar Medical University and Hospital in Multan, on December 4, 2022. — APP ISLAMABAD: In a bid to promote localisation, the federal government on Wednesday announced major relief on the imports of solar panel. Delivering the budget speech for the year 2024-25 in…
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Budget: Govt unveils major funding for primary education
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[ad_1] A girl reading a book while attending her daily class with others at a government school in Peshawar. — Reuters/File ISLAMABAD: The incumbent government has earmarked major funding for the education sector in the federal budget 2024-25, in order to provide a suitable environment for children’s schooling. While presenting the budget in the National…
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Budget 2024-25: Income tax calculator
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[ad_1] A representational image shows a tax written on a calculator. — AFP/File Finance Minister Senator Muhammad Aurangzeb on Wednesday presented Budget 2024-25 loaded with new tax measures for the salaried and non-salaried class people with a total tax collection target of a whopping Rs12.97 trillion. The opposition lawmakers in the National Assembly chanted anti-government…
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Economists weigh in on federal budget FY25
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[ad_1] 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 weaknesses of the financial blueprint unveiled by Prime Minister Shehbaz Sharif’s administration for the…
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Budget 2024-25: Important takeaways as govt aims for IMF bailout
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[ad_1] 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 target of 3.6% economic growth as it plans to secure a new bailout deal…
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Agriculture sector faces funding shortfall in Budget 2024-25 | The Express Tribune
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[ad_1] 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 the main pillar of Pakistan’s economy, contributing 24% to GDP and 37.4% to employment…
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Budget FY25: Pakistan sets challenging Rs13tr tax revenue target to woo IMF
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[ad_1] 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 tax revenue target of Rs13 trillion for the fiscal year 2024-25, to strengthen the…
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Budget: Govt proposes up to 25% hike in employees’ salaries
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[ad_1] 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 Wednesday. The minister said this as he presented the federal budget for FY25 in…
