A child died and his father sustained minor injuries in a blast which occurred in a shop filling liquified petroleum gas in cylinders in blatant violation of the government’s laws and regulations. The incident, which also reflects complete indifference of the district administration in clamping down this illegal trade, happened in Tando Yousuf, area of […]
The government is expected to widely miss the target for fund utilisation on water sector projects in the outgoing fiscal year 2024-25. An amount of Rs142.6 billion had been allocated for water projects under the Public Sector Development Programme (PSDP) for FY25. The estimated expenditure by the end of May was Rs79.4 billion, revealed the […]
A National Assembly panel on Tuesday unanimously rejected the 18% sales tax on solar panel imports, while the government announced it would withdraw another controversial proposal to increase in sales tax on hybrid vehicles, rolling back two controversial budget measures viewed as anti-environment. The National Assembly Standing Committee on Finance also raised questions about the […]
Minister for Finance Muhammad Aurangzeb on Tuesday reaffirmed the government’s resolve to implement structural reforms to achieve long-term economic growth and stability. Speaking at the “National Workshop on Transitioning to Defined Contribution Pension Schemes”, organised by the Securities and Exchange Commission of Pakistan, the minister said that the government was committed to reforming the areas […]
The Fruit Juice Council (FJC), representing the formal juice industry, has urged the government to reduce the 20% Federal Excise Duty (FED) on juices to 15% to generate higher revenue than the outgoing financial year. The current 20% FED, in addition to 18% GST, has stalled industry growth. In FY2024-25, government revenue projections fell short, […]
Pakistan’s $11 billion export-oriented value-added industry, which contributes nearly one-third of total exports, has issued a strong SOS appeal to Prime Minister Shehbaz Sharif, saying that recent budgetary measures are set to derail export-focused sectors at a critical time. In a joint statement, Pakistan Readymade Garments Manufacturers and Exporters Association, Pakistan Hosiery Manufacturers Association, the […]
K-P Chief Minister’s Advisor on Finance and Interprovincial Coordination Muzzammil Aslam told the K-P Assembly that the Khyber-Pakhtunkhwa government not only successfully completed the Annual Development Program (ADP) worth Rs120 billion for the ongoing fiscal but also incurred development expenditures exceeding Rs150 billion. Responding to questions during the provincial assembly’s budget session, the CM’s aide […]
In a move to strengthen traffic enforcement, the Khyber-Pakhtunkhwa government has proposed significant increases in traffic fines as part of 2025-26 Finance Bill. The new measures introduce stricter penalties across various violations, with particular focus on three-wheelers and underage drivers. For the first time, the budget creates a dedicated category for three-wheeled vehicles, including rickshaws […]
Balochistan Minister for Finance and Minerals Mir Shoaib Nosherwani said the provincial government has saved Rs16 billion by reducing non-essential expenditures, including refraining from the purchase of new vehicles under its austerity policy. He made these remarks while speaking to the media following the presentation of the provincial budget for the fiscal year 2025-26 in […]
Khyber-Pakhtunkhwa Chief Minister Ali Amin Khan Gandapur said the K-P government has fully met the International Monetary Fund (IMF) targets while it is working on a dedicated provincial power transmission line to provide locally produced electricity to industries at subsidized rates. Over the next three years, 500 MW of hydropower projects will be completed. To […]