Budget
-
Tired of soaring prices? Rethink your budget as traditional formula no longer applies
.
[ad_1] Representational image. — Unsplash You know about the renowned 50/30/20 budgeting method? Everyone does. The traditional saving method was once hailed as a financial beacon by Senator Elizabeth Warren. The method advises splitting your income 50% for needs (rent, food), 30% for wants (clothes, games), and 20% for savings (the future you!). But, under…
-
Budget deficit surges over 50% | The Express Tribune
.
[ad_1] ISLAMABAD: The federal government’s budget deficit widened by more than 50%, primarily due to a steep increase in interest payments that reached Rs4.2 trillion during the first half of this fiscal year, casting doubt on the effectiveness of the International Monetary Fund (IMF) programme. The Rs4.22 trillion interest payments exceeded the net income of…
-
FBR exceeds tax target, avoids mini budget | The Express Tribune
.
[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the revenue collection target for the fifth consecutive month, amassing nearly Rs3.5 trillion, remaining on track to achieve the goal set by the International Monetary Fund (IMF) and avoiding the need for a mini-budget. The tax authorities collected Rs34 billion more than the target set…
-
Rs462b K-P budget seeks to promote strict austerity | The Express Tribune
.
[ad_1] PESHAWAR: The caretaker government of Khyber-Pakhtunkhwa (K-P) presented an austerity budget of Rs462 billion for the next 123 days, with a view to maintaining the current level of taxes until the new elected government took over in the province. The budget for July 1-October 31, 2023 period, was unveiled at a joint press conference…
-
Budget FY24: missing the bus again | The Express Tribune
.
[ad_1] ISLAMABAD: The macroeconomic instability that plagues Pakistan today dates back to 1989 –the year which marked the end of Afghanistan’s invasion and consequently, the stoppage/ slowdown of US aid through the Pressler Amendment. This was the exact time when we entered our first External Fund Facility (EFF) with the International Monetary Fund (IMF). Despite…
-
‘Budget not part of 9th review’, govt says in response to IMF criticism
.
[ad_1] Finance Minister Ishaq Dar addressing a meeting virtually. — APP/File Following the International Monetary Fund’s (IMF) concerns regarding the budget public, the Finance Ministry has clarified that the document is not part of the pending ninth review that has been delayed since November of last year. In a two-page rebuttal of IMF’s Resident Representative…
-
Pakistan’s 2024 budget a missed opportunity: IMF | The Express Tribune
.
[ad_1] ISLAMABAD’: The International Monetary Fund (IMF) on Wednesday said that the proposed budget missed the opportunity to broaden the tax base, terming the new tax amnesty scheme a “damaging precedent”. In a first official reaction to the expansionary Rs14.5 trillion budget, Esther Perez Ruiz, the resident representative of the IMF, said that the amnesty…
-
Budget assailed for lacking relief for poor | The Express Tribune
.
[ad_1] ISLAMABAD: The federal budget came under heavy criticism, even from a federal minister, in the National Assembly on Tuesday, as the lawmakers questioned the government’s performance during the last one year. The lawmakers, including dissident Pakistan Tehreek-e-Insaf (PTI) member Noor Alam Khan and Federal Minister Syed Khurshid Shah of the Pakistan Peoples Party (PPP),…
-
Budget 2024: less relief, no reforms | The Express Tribune
.
[ad_1] KARACHI: The verdict is out. The much-awaited last budget of the current regime is a bit of everything and not exactly what the economy needs. From a broader perspective, the election is being kept in mind, as well as the fact that squandering money at this pace will shut the doors of the International…
-
CM Murad Ali Shah presents Rs2.2tr Sindh budget
.
[ad_1] Sindh Chief Minister Murad Ali Shah presenting the provincial budget for fiscal year 2023-24 on June 10, 2023. — Twitter/@SindhCMHouse KARACHI: Sindh Chief Minister Murad Ali Shah on Saturday unveiled a budget of Rs2.2 trillion for the fiscal year 2023-24 after the approval of his cabinet which mainly focuses on the rehabilitation of flood-affected people…
