Budget 2024-25

Higher tax deductions have caused a net decrease in take-home pay, despite nominal pay raises

Warn govt of nationwide shutter-down strike if it fails to withdraw additional taxes on electricity

NEPRA set to hear application from the Central Power Purchasing Agency (CPPA) requesting the hike

Upper House proposes raising minimum wage to Rs45,000, providing extra allowance for persons with disabilities

Information minister accuses opposition of engaging in baseless criticism without proper analysis of the budget

PPP MNA slams current economic situation in Pakistan, highlighting record-high inflation and unemployment

Fund’s team likely to visit Pakistan by end of this month

Tensions within the ruling coalition have heightened over the federal budget

Opposition leader also criticises PM Shehbaz Sharif's China visit reception

Former minister says PM Shehbaz’s govt has left 240 million people ‘hanging on bare electric wires’

Treasury tells House it will take time to rein in inflation

Here is a overview of how individuals, businesses can file their income tax returns before the FBR deadline on Sept 30

Rs1.38 billion allocated for ongoing projects in the port city

Rs959b for development, Rs34.9b for social protection; Education, and healthcare, receive significant funding

Provincial govt allocates funds for free solar systems and housing support in new budget

Bank officers to be penalised for failing to provide taxpayer information

Aurangzeb clarifies tax rate remains capped at 35%, with adjustments made in slabs

Journalists stage protest against imposition of taxes on salaried employees before Aurangzeb’s post-budget presser

In post-budget press conference, the finance minister says petroleum development levy will be increased gradually

Budget includes a salary increase of 20 to 25 per cent and a 15 per cent rise in pensions

Plan includes significant hikes in levies on petroleum, natural gas to stabilise economy, meet IMF requirements

For FY-24, Rs5 billion is allocated for the Kissan scheme, sparking farmers' concerns

Govt also proposes a shift from engine capacity-based advanced tax on vehicles up to 2,000 CC to a cost ratio basis

Party says budget was presented by those who reached the parliament on Form-47

Govt had to find ways to increase revenues to reduce fiscal deficit as part of reforms being discussed with the lender

Income tax rates increased for salaried class, with individuals earning Rs50,000 per month exempted from income tax

Individuals earning Rs50,000 per month will be exempt from income tax

Scheme to initially cover 5,000 media professionals, with an additional 10,000 in second phase

Main ally of PM Shehbaz’s govt had only a token participation in the National Assembly’s budget session

Direct taxes are expected to increase by Rs3.45 trillion, customs duties by Rs267 billion

Pakistan faces $130bn debt with $29bn due in 12 months; can short-term economic gains hold against public discontent?

Bilawal's party voices its apprehensions about not being included in budget discussions

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

Inflation, current state of global markets, and country's political situation reported as factors contributing to dip 

Commercial banks mandated to implement digital supply chain finance solutions within six month

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

According to sources, a 10 to 15% raise in salaries and a 10% increase in pensions are expected

IMF programme becomes root problem, prevents SBP from lowering key rate