The federal government has decided to focus only on high-priority development projects in the upcoming fiscal year due to limited funds. Planning Minister Ahsan Iqbal said on Monday that the total Public Sector Development Programme (PSDP) now stands at Rs880 billion, excluding Rs120bn for the N-25 expressway upgrade in Balochistan. The rest of the development […]
upcoming budget of fiscal year 2025-26
Ahsan Iqbal: Next year’s development budget reduced by Rs100 billion
Federal Planning Minister Ahsan Iqbal has announced that the government will allocate Rs1,000 billion for development in the 2025–26 budget, down from Rs1,100 billion this fiscal year. He called it a “difficult but focused” adjustment made to stay within fiscal limits. Speaking at the Annual Plan Coordination Committee (APCC) meeting, he confirmed that Rs250 billion […]
Pakistan plans major tax reforms for salaried class and pensioners ahead of IMF talks
Pakistan is considering key changes in its tax policy for the upcoming budget of fiscal year 2025-26. The Federal Board of Revenue (FBR) plans to increase the annual tax exemption limit for salaried individuals from Rs600,000 to possibly Rs1,000,000 or Rs1,200,000. These proposals come ahead of the International Monetary Fund (IMF) mission’s visit on May […]