Tag: Federal budget
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PM Shehbaz, Bilawal Zardari Discuss Federal Budget, Political Situation and Development Projects
Key Developments: Prime Minister Shehbaz Sharif and PPP Chairman Bilawal Bhutto Zardari held a meeting in Islamabad to discuss the federal budget and current political affairs. Both leaders reviewed development projects in Sindh and emphasized coordination between the federation and provinces. Bilawal B. Zardari praised Pakistan’s diplomatic engagement regarding Middle East developments and thanked the…
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Pakistan debt reaches Rs59,247bn in first 9 months of FY-23
The country’s debt has increased to Rs59,247 billion by March 2023. During the ongoing financial year, the volume of debt of the GoP has increased by over Rs10,000 billion in last nine months. Till March 2023, the volume of domestic loans remained more than Rs35,000 billion. While the foreign debt rose to record Rs24,171 billion…
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FBR tax target increased 23 percent
Finance Minister Ishaq Dar during the budget speech said that the tax collection target for the Federal Board of Revenue (FBR) has been set at Rs9,200bn. It is pertinent to note that this is 23pc higher than last year’s target. On the other hand, the fiscal deficit, or overall budget deficit, which is the difference…
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Ishaq Dar unveils pro-people budget with no new taxes
Finance Minister Ishaq Dar presented the budget for the fiscal year 2023-24 (FY24) in the National Assembly. The minister said that the government was imposing no new taxes and set the GDP growth at 3.5 percent. He said that this budget is “not an election budget” and is focusing on the “elements of the real…
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Federal budget for FY23-24 to be presented today
Federal Budget for the next fiscal year is to be presented on Friday. Finance Minister Ishaq Dar will present the budget in the National Assembly scheduled to meet at four pm today at the parliament house in Islamabad. Earlier, Ishaq Dar said the government has rescued the crippling economy and averted default in the face…
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Important Aspects of the Federal Budget 2021-22
Lahore: Important aspects of the federal budget have come to the fore. According to reports, today the important points of the federal budget are slowly coming to the notice of the people. Here are some details regarding the important points. 1- Re-launch of self-assessment scheme 2- Third party audit introduced 3- Automatic selection for audit…