budget

Govt expected to focus on fiscal consolidation to contain deficit

Finance czar presents pre-budget document detailing country's socioeconomic milestones for the outgoing fiscal year

Govt plans to impose federal excise duty on imported phones; further increasing PTA, and GST on these imports

Promises Rs4.1tr revenue boost in 3 years by lowering tax rates, removing exemptions

KSE-100 index loses 501.46 points, settles at 73,252.56

Rs932 billion or 27% of the total national outlay will be funded by taking foreign loans

Pakistan narrowly averted a default last summer thanks to a short-term IMF bailout of $3 billion

It is followed by series of supplementary budgets due to loophole in constitution

While people expect some relief, best relief is cut in public spending

Stakeholders voice concerns that additional taxes could impede the growth of solar energy adoption