Pakistan’s moment for structural reforms
- 26-Jun-2025
After years of economic stagnation and firefighting to avert default, the government is finally pivoting towards long overdue structural reforms, buoyed by a markedly improved macroeconomic outlook. Inflation, which had surged to 38% in mid-2023, has plunged to a six-decade low, prompting the central bank to slash interest rate from 22% to 11%. The exchange […]
Govt plans over Rs1 trillion development budget for FY25-26
- 30-May-2025
ISLAMABAD: The federal government will allocate over a trillion for the development budget in the upcoming fiscal year 2025-26, with preparations underway for the Annual Plan Coordination Committee (APCC) meeting scheduled for June 2, ARY News reported citing sources. The proposed development budget of Rs1, 065 billion on uplift projects, with Rs170 billion for the […]
Budget 2025: IMF suggests tax reforms, green projects funding
- 20-May-2025
Pakistan and the International Monetary Fund (IMF) have begun key discussions ahead of the next fiscal year’s federal budget, with a focus on revenue generation and environmental initiatives. According to sources, the IMF has proposed the imposition of a carbon levy of Rs 5 per litre on petrol and diesel. The international lender estimates this […]
Fuel, electricity prices, interest rates likely to drop in upcoming budget: Haroon Akhtar
- 15-May-2025
ISLAMABAD: Special Assistant to the Prime Minister on Industries & Production, Haroon Akhtar Khan, has said that the upcoming federal budget will bring significant relief to the public and industrial sector, with reductions expected in petrol prices, electricity tariffs, and interest rates. Speaking to ARY News, Haroon Akhtar revealed that Prime Minister Shehbaz Sharif is […]
Public relief govt’s top priority in upcoming budget: PM Shehbaz
- 09-May-2025
ISLAMABAD: Prime Minister (PM) Shehbaz Sharif has said that providing relief to the common man in the upcoming budget is the government’s top priority, ARY News reported. Chairing an important meeting in Islamabad today on the preparation of the Federal Budget for the next fiscal year, he emphasized that all available resources will be utilized […]
Govt ‘decides’ to cut development budget under IMF conditions
- 21-Apr-2025
ISLAMABAD: The federal government has decided to implement strict austerity measures in the upcoming budget to meet the International Monetary Fund’s (IMF) conditions by reducing the development budget, ARY News reported, quoting sources. The focus will be on completing ongoing projects, with only a few new initiatives of utmost importance being included, the sources said. […]
Finance ministry finalises FY2025-26 budget schedule
- 09-Jan-2025
ISLAMABAD: The ministry of finance has prepared the schedule for the FY2025-26 budget in Pakistan, ARY News reported on Thursday. As per details, the ministry has proposed that the federal budget for the upcoming fiscal year be presented in the first week of June. All budget documents are proposed to be finalized by the end […]
ICC approves budget for Champions Trophy 2025 in Pakistan
- 22-Jul-2024
The International Cricket Council (ICC) has officially approved the budget for the upcoming Champions Trophy 2025, which is scheduled to be hosted in Pakistan next year. This decision was made during the ICC’s annual meeting in Sri Lanka, where Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi was also in attendance. Sources report that the budget […]
Kenya’s tax-bill turmoil complicates IMF cash
- 29-Jun-2024
The violent unrest that forced Kenya’s president to withdraw support for a finance bill has left the country’s efforts to meet International Monetary Fund (IMF) targets in doubt and could make borrowing most costly, investors and analysts said. It had been meant to raise 346 billion Kenyan shillings ($2.68 billion), or 3% of GDP, in […]
Kenya’s finance bill: Why has it triggered protests?
- 26-Jun-2024
Youth-led protests against Kenya’s government plans to raise revenue through additional taxes are expected to intensify on Tuesday when lawmakers vote on proposed amendments to the bill. At least one person has been killed and more than 200 injured since protests against the finance bill swept the country earlier this month. Here are some details […]