ISLAMABAD: The Prime Minister (PM) House budget has reached Rs 1.2 billion with a Rs 260 million hike from the budget allocated in the previous fiscal year. As per details, the budget allocated for the Prime Minister’s house for the next fiscal year is more than Rs 1.26 billion whereas the PM ...

In the defence budget for the coming fiscal year, an amount Rs3.76 billion has reportedly been allotted for various defense development initiatives. Thirteen projects from the ministries of and defence and defence production will be funded by the money. According to media reports, the National ...

ISLAMABAD – The National Assembly on Monday passed the "Finance (Supplementary) Bill, 2023,” proposing imposition of additional taxes and duties of Rs170 billion to meet the preconditions placed by the International Monetary Fund (IMF) to revive the loan programme. According to the bill, ...

ISLAMABAD – Finance Minister Ishaq Dar on Friday said that the talks the International Monetary Fund (IMF) concluded “positively” and the government will have to impose Rs170 billion in taxes through a mini-budget in order to get the loan programme. Addressing the media, the finance ...

*ISLAMABAD: Federal government has planned to bring another mini-budget to fetch Rs40 billion in taxes on fertilizer, sugar, tobacco and textile industries.* According to sources in the Federal Board of Revenue (FBR), the government plans to tax multiple sectors to collect Rs30 billion for the ...

*ISLAMABAD: The Federal Board of Revenue (FBR) shared the details of the new taxation measures of Rs400-450 billion, including the proposed plan on the Personal Income Tax Reforms to be incorporated in the Finance Bill 2022, with the Prime Minister Shehbaz Sharif on Saturday.* Sources told ...

ISLAMABAD – The government has increased the defence budget by 6% for the outgoing fiscal year in a bid to meet the needs of the armed forces, including their enhanced salary requirements. The decision to increase the defence budget by another Rs80 billion was taken by the Economic Coordination ...

*The financial noose around the neck of the Pakistani people has tightened further as the government increased the petrol prices by Rs.60 per litre in two spurts of activity bringing the **price to Rs.210 per litre.* This price level is near the price demanded by the IMF of Rs.245 per litre and ...

*ISLAMABAD: Taxes on mobile phones and vehicles above 1000cc are going to be doubled as the federal government has planned to increase duty on imported products. * According to the proposed increase in tax on imported items, the government has planned to increase regulatory duty on tyres by 50 ...

In terms of the percentage of the GDP٫ it has been projected that Pakistan overall budget deficit will be narrowed to 5.8 percent from 6.3 percent of the GDP. It is pertinent to mention here that the previous government had rebased the size of the economy from Rs. 53,867 billion to Rs. 63,978 ...