The budget 2024-25 which was earlier scheduled to be presented on June 10 is now likely to be presented on June 12. The Pakistan Economic Survey 2023-24 will be presented on June 11 after a meeting of the council on June 10, the sources said.
The federal budget 2024-25 will likely get approval from the Senate by June 26. The Pakistani government is likely to end tax exemptions in the FY2024-25 budget on IMF’s demand. According to budget proposals for the budget 2024-25, Pakistan is likely to end exemption on sales and income tax, phase-wise. The government is also considering imposing a sales tax on tractors and pesticides, potentially leading to price hikes for these essential agricultural products.
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