The Pakistan Stock Exchange (PSX) is bracing for a potential downturn following the announcement of the ‘neutral to negative’ federal budget for the fiscal year 2024. Experts believe that the…
Budget
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The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index opened in the green on Monday and gained more than 300 points on expectations of an “investor-friendly budget” for the fiscal year…
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Contrary to past practices, Finance Minister Ishaq Dar has not approached trade and industry leadership for taking their input for the upcoming budget to be unveiled on June 9. As…
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Finance Minister Ishaq Dar said on Thursday that Pakistan cannot take harsh decisions on the instruction of the International Monetary Fund (IMF). Talking to a media person after speaking at…
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The Finance Bill 2022-2023 approved by the Federal government imposed up to Rs16000 levy on the import of mobile phones. As per the budget document, Rs100 levy is imposed on…
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By the time this article is printed, most likely a new finance minister would be holding the office with probably the most difficult job in Pakistan at this point in…
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Punjab Governor Chaudhry Mohammad Sarwar met with Speaker National Assembly Asad Qaiser, Foreign Minister Shah Mehmood Qureshi and other members of the National Assembly. Chaudhry Sarwar congratulated Speaker National Assembly,…
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Minister of State for Information and Broadcasting Farrukh Habib has said PTI government is committed to progress and prosperity in the country and revolutionary relief measures have been proposed for…
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Minister for Information and Broadcasting Fawad Chaudhary said that the ruling Pakistan Tehreek-e-Insaf (PTI) government has announced the largest development budget in country s history worth Rs 900 billion. In…
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Chairman Pakistan People’s Party (PPP) Bilawal Bhutto Zardari on Wednesday expressed reservations on decisions of National Economic Council (NEC) and demanded more funds for health and education in upcoming budget.…
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Leader Jamaat-e-Islami Sirajul Haq has said that increase in poverty, unemployment and inflation rate negates the government’s claims of improvement in the economy. In a statement, Siraj-ul-Haq said that the…
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The PML-N President and National Assembly Opposition Leader Shehbaz Sharif Sunday said the PMLN will not allow the demands of the IMF to be imposed on the people in the…
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Federal Interior Minister Sheikh Rashid Ahmed on Wednesday claimed that estranged Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Khan Tareen will vote for Imran Khan in passage of budget. Talking to media…
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Shafaqna Pakistan: Prime Minister Imran Khan’s dinner on Sunday, hosted in honour of members of the government coalition, was a lively affair with a broad array of topics discussed, including the…
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Shafaqna Pakistan:The media is replete with provisional statistics of fiscal deficit which turned out to be 8.9% of gross domestic product (GDP) in FY19. Critics argue that this high fiscal…
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Shafaqna Pakistan: The National Assembly (NA) on Friday passed the Finance Bill 2019, giving legal effect to the budgetary proposals for the next fiscal year 2019-2020 amid voices of ‘No…
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The total outlay is an estimated Rs. 6,800 billion A target of Rs5,550 billion tax collection has been set for the Federal Board of Revenue (FBR) In the federal…
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Myth number 1: Pakistan has a large military. Not true. There are at least 64 countries in the world that have more military personnel on a per capita basis…
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For the first time in Pakistan’s history, an elected prime minister and finance minister are presenting their fifth budget. This shows the strengthening of democracy in the country,” said the…
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Finance Minister Ishaq Dar had said that the thrust of the new federal budget is on growth, job creation, poverty alleviation and improving lot of the common man. But infact…