Budgets
The Karachi business community has given a divided response to the federal budget for the fiscal year 2025-26, with different business leaders expressing distinct views on the proposed measures. While some welcomed steps to curb taxpayer harassment and simplify income tax returns for small and medium-sized enterprises (SMEs) and salaried
Budgets
The International Monetary Fund (IMF) has called for strict compliance with its programme requirements, including the implementation of agriculture income tax and related services, to ensure effective collection starting from September 2025. The Fund has also expressed disagreement with the federal government's plan to sell surplus power at
Budgets
The FY2025-26 budget, presented by the finance minister to the National Assembly, has managed to strike a delicate balance between providing substantial tax relief to salaried classes and fulfilling the need to slash expenditures and raise revenue collection. The budget projects a 7.0 per cent reduction in overall federal
Budgets
The UK government is under pressure to announce painful fiscal measures in the upcoming budgets to balance the books after revealing fresh spending plans. Experts have warned that tax increases are almost inevitable later this year for Chancellor Rachel Reeves to meet her fiscal rules. The Chancellor's commitment
Budgets
The recent budget for fiscal year (FY) 2025-26 in Pakistan has significant implications for the country's economy and its relationships with neighboring countries. The budget, presented on Tuesday, has slashed development outlay by 50% while increasing the defence budget by 20%. The defence allocation is shown as 2.
Budgets
The Pakistani government is set to unveil a budget for fiscal year 2025-26, with a projected allocation of Rs17.6 trillion. This year's Budget focuses on addressing the nation's economic recovery, fiscal reforms, and easing the tax burden on citizens. The government aims to target a
Budgets
Portland's municipal election saw Jayne Sawtelle, a 62-year-old retired teacher, elected to a vacant school board seat with 75% of the vote. She will only serve a six-month term before needing to run again in November for a full three-year term. The school district's $171.8
Budgets
Saco voters overwhelmingly approved the proposed $80.4 million combined municipal and school budget during the June 10 municipal election, with 708 in favor and 209 opposed. The budget represents a significant increase of $6.8 million, or 9.2%, over the current budget, driven largely by costs associated with
Budgets
The Pakistani government has introduced its much-anticipated budget for fiscal year 2025-26, marking a shift towards austerity and improved financial management. The budget proposes a substantial cut in overall expenditures, amounting to Rs 1,304 billion, one of the largest year-over-year (YoY) spending reductions in recent years. The most significant
Budgets
Pakistan's finance minister, Aurangzeb, delivered the annual budget speech for fiscal year 2024-25, outlining the government's financial plan and proposed expenditures for the upcoming year. The speech, delivered in Urdu, includes complex economic terms that may be unfamiliar to the general public. Here are some of
Budgets
Biddeford voters decisively approved the proposed $49.8 million school budget on Tuesday, reflecting a 5.39% increase over the current year's budget. The approved budget will lead to an 81 cents increase in the tax rate, reaching $15.03. A median home assessed at $382,350 will
Budgets
The Pakistani government has announced significant tax reforms in the federal budget for 2025-26, aiming to increase revenue and bring various sectors of the economy into the tax net. The budget proposals include reducing the "Super Tax" rate for corporations, cutting withholding tax rates on property purchases, and
