Budget
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Budget 2023-24: What are relief measures taken by govt?
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[ad_1] Picture shows people buying vegetables. — AFP/File Finance Minister Ishaq Dar on Friday unveiled a Rs14.46 trillion budget for the fiscal year 2023-24 with “no new taxes” and aiming to grow at a cautious rate of 3.5%. However, the federal government also took some relief measures in the budget as the nation suffers from back-breaking inflation. …
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17.5% increase in pension of govt employees in 2024 budget | The Express Tribune
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[ad_1] ISLAMABAD: Presenting the federal budget for Fy2023-24, Finance Minister Ishaq Dar announced a 17.5% increase in the pension of government employees. Unveiling the budget for FY24, the finance minister said “The next fiscal year’s budget will not be an election year budget. It is a fiscally responsible budget,” he said, adding as a precursor…
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Budget caught between IMF expectations and election | The Express Tribune
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[ad_1] KARACHI: The federal government will hope to find a balance between reforms to satisfy the International Monetary Fund and measures to win over voters in an imminent election in its budget for the 2023-24 fiscal year to be announced on Friday, analysts said. Pakistan’s IMF programme runs out this month with about $2.5 billion…
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Pakistan ‘hopes’ to secure IMF deal ahead of budget as funding gap narrows
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[ad_1] The seal for the International Monetary Fund is seen in Washington, DC, January 10, 2022. — AFP Pakistan is seeking to secure $2 billion in external financing to bridge the $6 billion gap for resuming the stalled International Monetary Fund (IMF) bailout programme ahead of the federal budget, Bloomberg reported. The Ministry of Finance,…
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Govt prioritises national development with Rs1,100bn budget
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[ad_1] The federal government has approved a development budget of Rs1,100 billion for the fiscal year 2023-24, with Rs950 billion allocated for the Public Sector Development Programme (PSDP) and Rs150 billion for public-private partnership, announced Minister for Planning, Development and Special Initiatives Ahsan Iqbal on Friday. The increase in budget size reflects the government’s priority…
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Budget details shared with IMF on PM’s order | The Express Tribune
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[ad_1] ISLAMABAD: The finance ministry on Tuesday shared the details of the next budget with the International Monetary Fund (IMF) on the instructions of Prime Minister Shehbaz Sharif. On Monday, the premier had contacted IMF Managing Director Kristalina Georgieva to revive the derailed $6.5 billion bailout package apparently in a last-ditch effort to avoid default.…
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Dar evades questions on IMF, budget | The Express Tribune
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[ad_1] ISLAMABAD: Federal Finance Minister Ishaq Dar on Monday lost his temper after he was questioned whether the government had “failed” to obtain loan from the International Monetary Fund (IMF). The finance minister was responding to media after attending an event in the federal capital. Dar was asked whether the government had failed in reaching…
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Another counter-cyclical approach to budget | The Express Tribune
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[ad_1] ISLAMABAD: Amidst multiple crises, the government is busy planning the budget. It is a humongous task given the prevailing situation. The government has to come up with innovative ideas to manage scarce resources and sustain the pressure of international financial institutions like the International Monetary Fund (IMF), World Bank, etc. It is common knowledge…
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Call for budget reforms | The Express Tribune
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[ad_1] ISLAMABAD: With the annual budget season setting in, Pakistan is ready to present its fourth budget under the Public Finance Management Act (PFMA) 2019; though the whole exercise is just a ritual as the executive enjoys unlimited powers to pass supplementary budgets throughout the financial year. The Executive Committee of the National Economic Council…
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Govt committed to provide ‘maximum relief’ to public in budget 2023-24
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[ad_1] Prime Minister Shehbaz Sharif addresses a meeting on March 15, 2023. — Radio Pakistan In a bid to mitigate the suffering of the public amid skyrocketing inflation, Prime Minister Shehbaz Sharif on Tuesday directed his economic team to provide “maximum relief” to the common man in the budget 2023-24. The premier — while chairing…
