The federal government has proposed allocating funds in the upcoming budget for several ongoing and new development projects in Karachi, focusing on transport, infrastructure, healthcare and education initiatives. Read More: Housing ministry faces major Rs8.62bn budget cut in Pakistan According to budget documents, a proposed allocation of Rs1.98 billion has been earmarked for the city’s Green Line […]
federal budget
Federal budget on June 10
The federal budget for next fiscal year has been officially announced to be presented on June 10. According to the Ministry of Finance press release issued on Thursday, Federal Finance Minister Muhammad Aurangzeb will present the budget in the National Assembly. The budget for next fiscal year will include the government’s fiscal priorities and policy […]
PM Shehbaz Sharif promises public relief measures in upcoming federal budget
Prime Minister Shehbaz Sharif has said the government is incorporating measures in the upcoming federal budget aimed at providing relief to the public while continuing efforts to strengthen economic stability and growth. Read More: PM seeks bigger development budget ahead of FY27 The prime minister made the remarks during a meeting with a delegation of leading industrialists […]
Jamaat-e-Islami chief seeks tax relief for salaried class
Jamaat-e-Islami Emir Hafiz Naeemur Rehman has called on the government to abolish income tax on monthly salaries up to Rs125,000 and provide substantial relief to the country’s salaried middle class in the upcoming federal budget. Read More: JI chief says sit-in achieved its targets In a statement shared on social media, Hafiz Naeem said salaried […]
Ahsan Iqbal says economy is recovering
ISLAMABAD: Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, has said Pakistan’s economy is on the path to recovery, while emphasizing the need to prioritize and complete ongoing development projects to support sustainable growth. Read More: Ahsan Iqbal says Pakistan saved region, slams India Speaking at the Annual Plan Coordination Committee meeting for the 2026-27 […]
Sanaullah denies plans to change voting age
Prime Minister’s Adviser on Political Affairs Rana Sanaullah has said that no proposal is under consideration to amend laws related to the voting rights of young people in Pakistan. Speaking to the media during a kabaddi tournament ceremony in Faisalabad, Rana Sanaullah rejected reports suggesting that the government was considering changes that could deprive younger […]
IMF backs Pakistan’s fiscal stability efforts
The International Monetary Fund has reaffirmed support for Pakistan’s fiscal stability efforts and agreed to continue discussions with authorities on the upcoming federal budget and economic reforms. An IMF mission led by Eva Petrova visited Islamabad from May 13 to 20 to review recent economic developments, reform progress and budget planning for fiscal year 2027. […]
IMF seeks additional taxes ahead of Pakistan’s budget negotiations for fiscal year 2026-27
Pakistan’s budget negotiations for fiscal year 2026-27 have entered a crucial phase as the International Monetary Fund (IMF) has reportedly asked the government to raise an additional Rs500 billion through new taxes measures. Read More: Pakistan budget 2026–27 eyes heavy taxes According to reports citing official sources, the demand comes as Islamabad finalises revenue targets and […]
IMF pressures Pakistan to tighten money laundering controls
The International Monetary Fund has urged Pakistan to adopt strict measures against trade-based money laundering before announcing the federal budget for fiscal year 2026-27. The Fund raised concerns over suspicious financial activities in trade, banking, real estate and non-financial business sectors, while demanding stronger oversight and faster enforcement actions to improve financial transparency and reduce […]
PM Shehbaz calls for reduction in direct taxes to boost business growth
Shehbaz Sharif on Wednesday called for reducing direct taxes across all sectors in the upcoming federal budget, emphasizing the need to support business, attract investment, and accelerate economic growth. Read More: Pakistan Pushes for Tax Relief to Boost Growth Speaking at the Pakistan Governance Forum 2026 in Islamabad, the prime minister said the government must shift its focus […]