ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday rolled out a Rs17.573 trillion budget for the fiscal year 2026, slashing spending by 6.9% and targeting a hefty Rs14,131 billion tax take, up 8.95%, under the watchful eye of the International Monetary Fund (IMF).
Trending
Budget to put IMF before growth
By Staff Reporter ISLAMABAD: Finance Minister Muhammad Aurangzeb will step into the spotlight today, unveiling the federal budget for 2025-26 in parliament, a fiscal blueprint
Pakistan’s economy sees 2.7pc growth in FY25, but farms and factories beg to differ
ISLAMABAD: Pakistan’s economy is set to expand 2.7% in the fiscal year ending June 2025, up from 2.5% last year, though concerns over inflated industrial figures and a weak agricultural sector cloud the outlook, the government’s economic survey showed on Monday.
Pakistan’s economy seen growing 2.7pc, survey set for unveiling today
ISLAMABAD: Pakistan’s economy is expected to have grown by 2.7% in the fiscal year 2024-25, preliminary figures signal on Monday, with the official Economic Survey set to be unveiled later today by Finance Minister Muhammad Aurangzeb.
Pakistan urges global action to ease tensions with India as delegation lands in London
ISLAMABAD: Pakistan has appealed to global powers for “intervention” to address its deepening rift with arch-rival India, a plea delivered Sunday by a high-level diplomatic delegation after touching down in London to drum up international support.
India’s suspension of Indus Waters Treaty risks nuclear war in South Asia
ISLAMABAD: Former foreign minister Bilawal Bhutto-Zardari said on Thursday India’s suspension of the Indus Waters Treaty risks sparking the world’s first nuclear war over water, escalating an already volatile standoff between the two nuclear-armed neighbours.
Nearly 1 in 2 Pakistanis live below poverty line under World Bank’s new standards
ISLAMABAD: Nearly half of Pakistan’s population is living below the poverty line, according to a World Bank report released on Thursday, a stark finding driven by the institution’s recent update to global poverty standards rather than a deterioration in the country’s economic conditions.
IMF demands strict budget compliance, rejects power incentives
ISLAMABAD: Pakistan is under pressure from the International Monetary Fund to include agriculture income tax in provincial budgets by September 2025 and ditch a federal plan to boost power consumption, local media reported on Thursday.
NEC greenlights Rs4.22 trln development budget amid IMF pressure
ISLAMABAD: The National Economic Council (NEC) on Wednesday approved a record Rs4.22 trillion national development outlay for the next fiscal year, fueled by a 22% increase in provincial allocations.
Pakistan assumes key UNSC roles, signals global approval of its counter-terrorism efforts
ISLAMABAD: Pakistan has secured key positions in the United Nations Security Council, becoming vice chair of the Counter-Terrorism Committee and head of the committee overseeing sanctions on the Afghan Taliban, the country’s mission to the UN said on Wednesday.