Pakistan’s Auditor General has identified significant financial irregularities in the federal government’s accounts for the 2024-25 fiscal year, raising concerns about budget management, parliamentary oversight, and the effectiveness of internal financial controls. According to audit reports covering federal accounts for the 2024-25 fiscal year, a total of Rs3.454 trillion in supplementary grants was obtained by […]
federal budget
Finance Bill proposes major tax and compliance reforms
Islamabad: The federal government has proposed a wide range of tax, compliance and digital enforcement measures in the Finance Bill, with the new provisions expected to take effect from July 1, subject to parliamentary approval. Among the key proposals is a 15-year sales tax exemption for Pakistan International Airlines (PIA) on the purchase of aircraft. […]
National Assembly approves Rs40.48 trillion grants across key sectors
The National Assembly approved 89 demands for grants worth Rs40.48 trillion through a majority vote, clearing a major stage of the federal budget process and authorising funding for 29 ministries, divisions, and government institutions. The session was chaired by Speaker Sardar Ayaz Sadiq, while Finance Minister Muhammad Aurangzeb presented the allocations before the House. A […]
Government intensifies talks with PPP over budget approval
The government has intensified negotiations with the Pakistan Peoples Party to secure its support for Budget 2026-27, as differences between coalition partners continue to delay final agreement. A special committee has been formed to address outstanding concerns and build consensus on key financial and political issues ahead of parliamentary approval. During recent consultations, Interior Minister […]
Bilawal says budget talks with government continue
ISLAMABAD: Chairman of the Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari, has said that discussions with the government over concerns regarding the federal budget are ongoing, indicating continued engagement between coalition partners on key fiscal issues. The remarks came after a meeting between Bilawal Bhutto Zardari and a government delegation led by Deputy Prime Minister […]
PSX rallies as US-Iran deal and oil fall boost confidence
KARACHI: The Pakistan Stock Exchange (PSX) recorded a strong rally on Monday as investor sentiment improved following a breakthrough US-Iran peace deal, a sharp decline in global oil prices and optimism over Pakistan’s latest federal budget. The benchmark KSE-100 Index surged to an intraday high of 176,917.76 points, gaining 4,517.86 points, or 2.62%, before fluctuating […]
Budget for fiscal year 2026-27 to be presented in parliament today
The federal government is set to present the budget for the fiscal year 2026-27 in both houses of Parliament today, with Finance Minister Muhammad Aurangzeb scheduled to unveil the financial plan in the National Assembly at 3pm, followed by a presentation in the Senate. According to parliamentary officials, the budget comes at a critical economic […]
Pakistan’s Economic Survey 2025-26 shows mixed growth as key targets missed, Aurangzeb
Federal Finance Minister Muhammad Aurangzeb on Thursday unveiled the Pakistan’s Economic Survey 2025-26, acknowledging that several major economic targets, particularly in agriculture and industry, were not achieved during the outgoing fiscal year. Presenting the survey in Islamabad, the finance minister said Pakistan faced multiple challenges throughout the year, including global tariff-related uncertainty, devastating floods during […]
Sports sector gets modest funding in federal budget
The sports sector appears set to receive limited support in the proposed federal budget for 2026-27, with only Rs1.5 billion recommended for sports-related development projects. The allocation has raised concerns among stakeholders who believe stronger investment is needed to improve facilities, nurture talent, and accelerate infrastructure development across the country. Budget proposals show that the […]
Major tax relief expected for salaried class in budget
The government is considering a tax relief package worth up to Rs50 billion for salaried individuals in the upcoming federal budget, aiming to ease financial pressure on employees across various income groups. Policymakers are reviewing several proposals that include lower tax rates, revised income thresholds, and a broader tax structure designed to provide greater relief […]