ISLAMABAD – The National Electric Power Regulatory Authority (NEPRA) has approved a reduction of Rs1.50 per unit in the base electricity tariff for the 2025–26 fiscal year. This adjustment aims to ease the financial burden on households and businesses across Pakistan, including Karachi. The base tariff is being lowered from Rs35.50 to Rs34.00 per unit, […]
2025-26 fiscal year
Sindh boosts law and order budget to Rs179.7 billion for 2025-26
The Sindh government has increased its law and order budget to Rs179.7 billion for the 2025-26 fiscal year. This marks a 4.5% rise from last year’s Rs172 billion. A large portion, Rs117 billion, is set aside for the police. The move reflects the government’s push to improve safety, especially in crime-hit areas like Karachi. The […]
Pakistan’s 2025 defense budget sees 20% rise to address growing regional security challenges
Pakistan has raised its defense budget to Rs. 2,550 billion for the 2025-26 fiscal year. This marks a 20% increase from last year’s Rs. 2,122 billion. The government aims to strengthen national security and support the armed forces. Finance Minister Muhammad Aurangzeb presented the budget in the National Assembly, highlighting security challenges and the need […]
Pakistan’s budget 2025: Salary hike, tax cuts, and economic growth
Pakistan’s federal government has presented a historic budget of 175 trillion rupees for the 2025-26 fiscal year. The budget was unveiled by Finance Minister Muhammad Aurangzeb in the National Assembly, amid protests from opposition members. In his speech, the minister emphasized economic progress and congratulated Pakistan’s leadership for its recent victory in the war with […]
Rs. 4.8 billion allocated for 24 science and tech projects in budget 2025-26
The federal government has allocated Rs. 4.792 billion under the Public Sector Development Program (PSDP) for the 2025-26 fiscal year to support 24 ongoing science and technology projects. These funds aim to strengthen Pakistan’s scientific infrastructure and drive innovation in key sectors. One of the major allocations is Rs. 850 million for PCSIR’s Research, Development, […]
IMF projects single-digit inflation for Pakistan over next six years
The International Monetary Fund (IMF) has projected that Pakistan’s average inflation will remain in single digits over the next six fiscal years, marking a significant improvement from the country’s previous inflationary challenges. IMF expects average inflation for FY2024-25 to stay around 5.1%, notably lower than the government’s target of 12%. This sharp contrast highlights the […]
IMF warns of Rs1 trillion tax gap in Pakistan’s budget for 2025-26
The International Monetary Fund (IMF) has raised concerns over a major shortfall in Pakistan’s upcoming tax target. Pakistan plans to collect Rs14.3 trillion in taxes in the 2025-26 fiscal year. However, the IMF believes this target could fall short by over Rs1 trillion without strong new measures. The government must now either introduce more taxes […]
Government plans tax relief for salaried workers in upcoming budget
As Pakistan prepares its budget for the 2025-26 fiscal year, the government is considering tax relief for salaried workers. Early reports indicate that officials may raise the annual taxable income threshold from Rs600,000 to Rs800,000. This change aims to ease the financial burden faced by employees. In addition to this adjustment, the government plans to […]