Public finance
Rachel Reeves, the Labour Party's chancellor, has unveiled a spending review that aims to put Britain on a path to "national renewal". The review focuses on investments in health, education, and capital projects, with the NHS receiving a £29bn annual boost. However, other areas of day-to-day
Public finance
The government has introduced a slew of new measures aimed at regulating the digital economy, with tax rates ranging from 0.25pc to 2pc to be imposed on the sale of all 'digitally ordered' goods and services starting July 1. This includes online shopping, food delivery, digital entertainment,
Public finance
The government's focus on revitalizing the property sector through tax reductions has been welcomed by Bilal Waqar Khan, former President of the Sukkur Chamber of Commerce and Industry (SCCI). Khan expressed optimism that these incentives would encourage overseas Pakistanis to invest in the country's real estate
Public finance
The Minister for Finance and Revenue, Senator Muhammad Aurangzeb, unveiled the Rs17.573 trillion growth-oriented federal budget for the fiscal year 2025-26 in the National Assembly, outlining a strategy to promote a competitive economy and increase foreign exchange reserves. The budget sets an annual economic growth target of 4.2%
Public finance
The federal budget for the fiscal year 2025-26 has been termed as balanced, growth-driven, and export-oriented by SAARC Chamber of Commerce and Industry (SAARC CCI) former President Iftikhar Ali Malik. The budget, according to Malik, sets a proper direction for national economic growth and will significantly improve key indicators, including
Public finance
The opposition Pakistan Tehreek-e-Insaf (PTI) and its allies have rejected the Finance Bill for the next fiscal year, criticizing it as an IMF-dictated document that benefits the ruling elite at the expense of the poor. PTI leaders, including Leader of the Opposition in the National Assembly Omar Ayub Khan and
Public finance
The Pakistan government has introduced a proposal to impose an 18% sales tax on online shopping as part of its fiscal year 2025-26 budget. Federal Finance Minister Muhammad Aurangzeb emphasized in his budget speech that the rapid growth of online businesses and digital marketplaces has created challenges for traditional businesses
Public finance
Finance Minister Muhammad Aurangzeb has presented a budget aimed at overhauling the tax system, boosting enforcement, and providing relief to low-income earners. The budget for fiscal year 2025-26 has a total outlay of Rs17.57 trillion, setting a 4.2% GDP growth target. The minister emphasized that the budget is
Public finance
The Pakistani government has presented its budget for 2025-26, with a focus on supporting the agriculture sector, which contributes 24% to the country's GDP. Finance Minister Muhammad Aurangzeb recognized the sector's underperformance last year and acknowledged the need for long-term reforms. The government has proposed several
Public finance
The Pakistani government has announced significant tax relief measures for salaried individuals, the construction sector, and property buyers in the federal budget 2025-26. Finance Minister Muhammad Aurangzeb stated that Prime Minister Shehbaz Sharif's direction has led to a reduction in tax burden on the salaried class. The government
Public finance
The Federal Budget 2025-26, announced by Finance Minister Muhammad Aurangzeb, has been hailed as a step towards economic stability, but its impact on various sectors is likely to be a tale of two extremes. While it brings some relief to the salaried class and the real estate sector, it imposes
Public finance
The Pakistan Stock Exchange (PSX) reached an all-time high of 124,000 points on Wednesday as investors welcomed the proposed federal budget for the upcoming fiscal year. The budget maintains an aggressive stance on fiscal consolidation while offering some relief to the salaried class and incentives for the real estate
