In Islamabad, official documents have revealed that members of the federal cabinet, including ministers, state ministers, advisers, and special assistants, have collectively received over Rs407.2 million in salaries and allowances during the 2026 fiscal year. Read More: Ministers get whopping salary hike as president signs ordinance According to the documents, a total of Rs407.216 million has been disbursed […]
government spending
Punjab plans Rs1.14bn vehicles purchase amid criticism
The Punjab government plans to purchase 108 new vehicles for provincial ministers and bureaucrats at an estimated cost of Rs1.14 billion, according to official sources. The proposal has been submitted to the provincial cabinet for approval and has sparked criticism over government spending priorities. Read More: Punjab government to buy only electric and hybrid vehicles Sources in the Services […]
Takaichi unveils $135B stimulus as markets shiver
Japan approved a 21.3 trillion yen stimulus package on Friday, marking Prime Minister Sanae Takaichi’s first major policy move since taking office. The plan reflects her pledge to use aggressive fiscal spending to revive growth. It includes 17.7 trillion yen in general account outlays and the biggest stimulus since the COVID era. Markets reacted nervously […]
PSDP funds underutilized: Just Rs 76 billion spent by October
ISLAMABAD: The government spent only Rs 76 billion on development projects between July and October 2025. This represents just 7.6 percent of the total Public Sector Development Programme (PSDP) budget. Officials cited delays in fund release and flood-related damages as reasons for the slow spending. According to the Ministry of Planning, the government planned to […]
Govt mulls Rs300bn cut in PSDP
ISLAMABAD – The federal government is reportedly considering a Rs300 billion reduction in the Public Sector Development Programme (PSDP) for the current fiscal year, slashing the national development budget by nearly 30 percent, from Rs1,000 billion to Rs700 billion. Sources in the Planning Commission revealed that the proposed cut is being weighed due to lower-than-expected revenue […]