Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7 trillion, with an additional borrowing exceeding Rs43 billion in the fiscal year 2024.
State Finance Minister Devda said that the budget for the culture department for the current fiscal year was two and a half times more than that of the budget estimate of the last FY 2023-24.
State Finance Minister Devda said that the budget for the health sector for the current fiscal year was 34 per cent more than that of the budget estimate of the last FY 2023-24.
State Finance Minister Devda said that the budget for Women and Child Development for the current fiscal year was 81 per cent more than that of the budget estimate of the last FY 2023-24.
Criticising the budget for the fiscal year 2024-25 rolled out by the Shehbaz Sharif-led coalition government, the former governor of Sindh, Muhammad Zubair has said that both direct and indirect taxes have affected the salaried class majorly, pointing to unequal tax imposition, reported ARY
Eicher Motors and Ashok Leyland reported contrasting sales figures for June 2024 and the fiscal year 2024-25, reflecting both challenges and resilience within the industry.
Amjad Ayub Mirza, an activist from Pakistan-occupied Jammu and Kashmir (PoJK), expressed serious concerns regarding the budget for the fiscal year 2024-25 presented by the PoJK government.
Pakistan's parliament on Friday passed a tax-heavy finance bill for the upcoming fiscal year amid ongoing negotiations for a new International Monetary Fund (IMF) bailout.
This is a significant shift from the USD 8.7 billion deficit (1.0 per cent of GDP) reported in the third quarter, and a notable improvement compared to the USD 1.3 billion deficit (0.2 per cent of GDP) in the fourth quarter of the previous fiscal year.
This hefty borrowing, amounting to PKR 7.39 trillion from July 2023 to June 7, 2024, surpasses the government's collective borrowings of PKR 7.16 trillion in the previous two fiscal years (FY23 and FY22).
Pakistan Tehreek-e-Insaf Asad Qaiser and Jamiat Ulema-e-Islam (F) chief, Maulana Fazl-ur-Rehman on Sunday showed strong opposition to the federal budget for the fiscal year 2024-25, reported ARY News.
Fitch projects a 3 per cent-4 per cent increase in India's petroleum product demand for the fiscal year ending in March 2025 (FY25), buoyed by rising consumer, industrial, and infrastructure needs.