Prime Minister Shehbaz Sharif has directed that no mini budget will be introduced this fiscal year, focusing instead on a comprehensive budget strategy for the next financial year. The plan aims to provide relief for salaried individuals and support the industrial sector amid ongoing economic challenges. Official sources revealed that the government intends to bridge […]
upcoming federal budget
Freelancers warn govt: Tax plan threatens $1B+ in foreign earnings
Pakistan’s freelancers and digital content creators are strongly opposing proposed tax measures in the upcoming federal budget. They believe such policies will hurt the fast-growing digital economy. Experts argue the focus should be on boosting foreign exchange earnings, not taxing struggling freelancers. They are urging the government to support digital workers who bring in millions […]
Govt plans to cut taxes on used car imports in budget 2025-26
ISLAMABAD – The government is considering reducing taxes on used car imports in the upcoming federal budget. This move is aimed at making imported vehicles more affordable for the public. The plan will be part of the 2025-26 budget, which is set to be presented today. Sources say the proposal was also shared with the […]
PSX pulls back slightly after historic surge, investors eye upcoming budget
KARACHI – After hitting an all-time high on Wednesday, the Pakistan Stock Exchange (PSX) took a breather on Thursday, with the KSE-100 Index closing down by 157.86 points, or 0.13 percent. The market saw mixed trading as investors booked profits and awaited clarity on the upcoming federal budget. The index opened on a weak note, […]
Senate finance chief says budget 2025-26 will add to public burden
Chairman of the Senate Standing Committee on Finance, Senator Saleem Mandviwalla, has warned that the upcoming federal budget will increase the financial burden on the public. Speaking during a television interview, he pointed to a planned rise in the petroleum levy as a major reason. He said the government intends to use this levy […]
PSX hits record high as budget optimism boosts investor confidence
KARACHI – The Pakistan Stock Exchange (PSX) continued its bullish streak on Thursday morning, with the benchmark KSE-100 index climbing to a new high of 120,617.78 points. This marks an increase of 686.33 points, driven by strong investor sentiment and growing optimism about the upcoming federal budget. Buying activity was observed across key sectors, including […]
Construction sector key to sustainable economic growth: PM Shehbaz Sharif
Prime Minister Shehbaz Sharif has emphasized that the development of the construction sector is vital for Pakistan’s sustainable economic growth. He also directed that financing recommendations for low-cost housing projects should be included in the upcoming federal budget proposals. According to a statement from the Prime Minister’s Office, Shehbaz Sharif chaired a review meeting of […]
KSE-100 falls 700 points as budget fears shake investor confidence
The Pakistan Stock Exchange saw a sharp decline on Tuesday, with the KSE-100 Index dropping by 718.51 points to close at 118,971.12. This fall of 0.6% came as investors grew more cautious ahead of the upcoming federal budget. Many fear that tough reforms linked to the International Monetary Fund (IMF) may be included. This downturn […]
PM Shehbaz directs major tax relief for industrial, construction sectors in upcoming budget
ISLAMABAD – Prime Minister Shehbaz Sharif has instructed officials to include substantial relief measures for the manufacturing and construction sectors in the upcoming federal budget, sources confirmed Monday. According to official sources, the prime minister issued these directions after reviewing proposals submitted by industry stakeholders. He emphasized the need to reduce the cost of doing […]
Pakistan’s finance minister promises relief for salaried class in upcoming budget
Finance Minister Senator Mohammad Aurangzeb has pledged that the upcoming federal budget will provide relief for salaried individuals. During a recent interview, he mentioned upcoming reductions in electricity bills as well. He confirmed that a detailed relief plan for the salaried class is ready and will be shared with the International Monetary Fund (IMF). Aurangzeb […]