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 […]
federal budget
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 […]
NEC to review Rs4.46 trillion development budget
The National Economic Council (NEC) is scheduled to meet today under the chairmanship of Prime Minister Shehbaz Sharif to review and potentially approve the country’s development budget for the upcoming fiscal year. According to sources, the council will consider a development outlay of approximately Rs4.46 trillion, covering both federal and provincial spending plans. The proposed […]
Federal budget proposes funding for Karachi development projects
The federal government has proposed allocating funds in the upcoming budget for several ongoing and new development projects in Karachi, focusing on transport, infrastructure, healthcare and education initiatives. Read More: Housing ministry faces major Rs8.62bn budget cut in Pakistan According to budget documents, a proposed allocation of Rs1.98 billion has been earmarked for the city’s Green Line […]
Federal budget on June 10
The federal budget for next fiscal year has been officially announced to be presented on June 10. According to the Ministry of Finance press release issued on Thursday, Federal Finance Minister Muhammad Aurangzeb will present the budget in the National Assembly. The budget for next fiscal year will include the government’s fiscal priorities and policy […]
PM Shehbaz Sharif promises public relief measures in upcoming federal budget
Prime Minister Shehbaz Sharif has said the government is incorporating measures in the upcoming federal budget aimed at providing relief to the public while continuing efforts to strengthen economic stability and growth. Read More: PM seeks bigger development budget ahead of FY27 The prime minister made the remarks during a meeting with a delegation of leading industrialists […]
Jamaat-e-Islami chief seeks tax relief for salaried class
Jamaat-e-Islami Emir Hafiz Naeemur Rehman has called on the government to abolish income tax on monthly salaries up to Rs125,000 and provide substantial relief to the country’s salaried middle class in the upcoming federal budget. Read More: JI chief says sit-in achieved its targets In a statement shared on social media, Hafiz Naeem said salaried […]
Ahsan Iqbal says economy is recovering
ISLAMABAD: Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, has said Pakistan’s economy is on the path to recovery, while emphasizing the need to prioritize and complete ongoing development projects to support sustainable growth. Read More: Ahsan Iqbal says Pakistan saved region, slams India Speaking at the Annual Plan Coordination Committee meeting for the 2026-27 […]
Sanaullah denies plans to change voting age
Prime Minister’s Adviser on Political Affairs Rana Sanaullah has said that no proposal is under consideration to amend laws related to the voting rights of young people in Pakistan. Speaking to the media during a kabaddi tournament ceremony in Faisalabad, Rana Sanaullah rejected reports suggesting that the government was considering changes that could deprive younger […]
IMF backs Pakistan’s fiscal stability efforts
The International Monetary Fund has reaffirmed support for Pakistan’s fiscal stability efforts and agreed to continue discussions with authorities on the upcoming federal budget and economic reforms. An IMF mission led by Eva Petrova visited Islamabad from May 13 to 20 to review recent economic developments, reform progress and budget planning for fiscal year 2027. […]