Budget 2022 - 2023 Coverage

Raja Riaz vows to support govt in budget approval process

ISLAMABAD (Dunya News) – The opposition leader of the National Assembly Raja Riaz Ahmad on Tuesday said that he will fully support the treasury benches in the budget 2022-2033 approval process. Sources privy to the development said that Raja R...


Imran Khan gives call for countrywide protest rallies on July 2

ISLAMABAD (Dunya News) – Former prime minister and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has announced countrywide protest rallies on July 2 (Saturday) against rising inflation and amendments in the NAB law. Addressing a press con...


AJK budget with outlay of over Rs163 billion unveiled

MUZAFFARABAD (Dunya News) - The 2022-23 budget for Azad and Jammu Kashmir (AJK) with a total outlay of over Rs163 billion was tabled in the legislative assembly. Finance Minister AJK Abdul Majid Khan presented the first budget of the Pakistan Tehree...


Govt increases tax rates for salaried class

ISLAMABAD (Dunya News) – Federal government has revised tax rate on the salaried class in a bid to increase revenue in the fiscal year 2022-23. According to the new proposals, the government plans a tax rate of 2.5% for income brackets of Rs50...


Govt took difficult decisions to save country from default: Sherry

ISLAMABAD (Dunya News) - Minister for Climate Change Sherry Rehman said that the Pakistan Tehreek-e-Insaf (PTI) government left the economy on ventilator. Participating in the budget debate, the minister said the present government has taken difficu...


Pakistan reaches agreement with IMF for revival of loan program

ISLAMABAD (Dunya News) - Pakistan is getting closer to receiving IMF loan tranche as the major development surfaced wherein Pakistan side and IMF reached an understanding. According to sources familiar with the development, the IMF agreed with Pakis...


Balochistan govt unveils budget with total outlay of Rs612 bn for FY2022-23

QUETTA (Dunya News) – Balochistan government on Tuesday presented a budget for the Fiscal Year 2022-23 with a total outlay of Rs 612.70 billion for the next financial year and a deficit of Rs 72.80 billion. Balochistan Finance Minister Abdul R...


Balochistan all set to unveil provincial budget for FY 2022-23 today

QUETTA (Dunya News) - Balochistan budget for next fiscal year with a total outlay of more than Rs600 billion is being presented in the provincial assembly in Quetta on Tuesday. Provincial Finance Minister Sardar Abdul Rehman Katheran will present th...


Balochistan Assembly's budget session postponed

QUETTA (Dunya News) - The budget session for the Balochistan Assembly has been postponed for a day after it emerged that the Chief Minister Abdul Quddus Bizenjo is busy. The Balochistan Assembly session for Budget 2022-23 was summoned on Monday howe...


Govt considers to reduce income tax relief given to salaried class

ISLAMABAD (Dunya News) – The government is considering to reduce the income tax relief given to the salaried class in the recent budget following the recommendation by the International Monetary Fund (IMF). Sources privy to the development sai...


Govt dropping inflation bomb on public every week: Pervaiz Elahi

LAHORE (Dunya News) – Punjab Assembly Speaker Chaudhry Pervaiz Elahi while declaring the recent hike in petroleum prices tyrannical said that the government couldn’t give relief to the masses in the budget and now dropping inflation bomb ...


Punjab govt unveils provincial budget at Aiwan-e-Iqbal

LAHORE (Dunya News) – Punjab Minister for Finance Awais Laghari on Wednesday unveiled Punjab Budget 2022-23 in a session of the provincial assembly held at the Aiwan-e-Iqbal after Speaker Chaudhry Pervaiz Elahi halted the budget session amid de...


Pakistan's most populous province in complete political chaos: Imran Khan

LAHORE (Dunya News) – Pakistan Tehreek-i-Insaf (PTI) supremo and former Prime Minister of Pakistan Imran Khan on Wednesday said that Pakistan’s most populous province is in the complete political chaos. In his statement on Twitter, whi...


Punjab govt slashes PA Speaker's powers

LAHORE (Dunya News) – Punjab government has slashed powers of Speaker of provincial assembly through an ordinance. According to the ordinance issued by Governor Balighur Rehman, whenever Punjab Assembly session is prorogued, Law and Parliament...


Power sector can sink the country if not run properly: Miftah Ismail

ISLAMABAD (Dunya News) - Federal Finance Minister Miftah Ismail on Tuesday hinted that if the power sector is not run properly, it could sink the country’s economy. Addressing a ceremony in Islamabad, he said that Pakistani people have appre...


Sindh CM unveils 'tax free' budget for FY 2022-23

KARACHI (Dunya News) - Sindh Chief Minister Murad Ali Shah on Tuesday presented a budget of Rs. 1714 billion with a deficit of Rs. 33 billion for Sindh, Pension has been increased by 5%, total deficit has been kept at Rs 33 billion, no new tax has be...


Taimur Saleem Jhagra unveils KP budget for fiscal year 2022-23

PESHAWAR (Dunya News) – Khyber Pakhtunkhwa Finance Minister Taimur Saleem Jhagra is presenting the provincial budget for fiscal year 2022-23 before the house in Peshawar. Jhagra has unveiled the fourth budget of Pakistan Tehreek-e-Insaf’...


Punjab govt employees to get up to 30pc pay raise

LAHORE (Dunya News) – Punjab government has announced up to 30 percent increase in salaries of its employees in the budget for 2022-23. According to details, the employees will get 15 percent increase in basic pay and 15 percent disparity allo...


'Imported govt' cuts tribal districts development budget: Imran Khan

ISLAMABAD (Dunya News) – Pakistan Tehreek-i-Insaf(PTI) supremo and former Prime Minister Imran Khan on Sunday said the ‘imported government’ has reduced the development budget by keeping only Rs110 billion for the tribal areas. In ...


Budget represents significant improvement in several ways: PM Shehbaz

ISLAMABAD (Dunya News) - Prime Minister Muhammad Shehbaz Sharif on Sunday said that federal budget for next fiscal year had represented a significant improvement in several ways. In a tweet, he said it has provided more educational opportunities for...


Govt will be sent packing in a month and half after budget: Imran Khan

ISLAMABAD (Dunya News) – Pakistan Tehreek-e-Insaf (PTI) chairman and former prime minister Imran Khan has said that powerful circles seem to be disturbed by the ongoing political and economic crisis and the government will be sent packing in a ...


Petrol to soar to Rs310, power tariff to go up to Rs40/unit from July: Umer Ayub

ISLAMABAD (Dunya News) – Former federal minister and Pakistan Tehreek-e-Insaf (PTI) leader Umer Ayub said on Saturday that their government left had left the price of electricity at Rs 16 per unit that would shoot up to Rs 40 per unit next mont...


Fazlur Rehman, Ch Shujaat Hussain discuss political situation, budget

LAHORE (Dunya News) – Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Saturday met Pakistan Muslim League-Quaid (PML-Q) Chaudhry Shujaat Hussain and agreed to work jointly for the sovereignty and development of the country. Du...


Sheikh Rashid slams govt for presenting 'anti-people' budget

RAWALPINDI (Dunya News) - Awami Muslim League Pakistan (AMLP) leader Sheikh Rashid on Saturday said that the nation was with lightening through deficit in buget. The former Interior Minister Rashid while terming the hike in prices of daily routine i...


Target of next year's budget is fiscal consolidation, provision of relief to masses: Miftah

ISLAMABAD (Dunya News) - Finance Minister Miftah Ismail on Saturday said that the target of next year s budget is fiscal consolidation and provision of relief to the masses. Addressing the post budget press conference in Islamabad today along w...


Miftah hints at further hike in petroleum prices

ISLAMABAD (Dunya News) - Federal Finance Minister Miftah Ismail on Friday hinted at further increase the prices of petroleum products in coming days, Dunya News reported. Talking in Dunya News programme  Dunya Kamran Khan Kay Sath , the Fi...


Tax collection target of over Rs7000b set for next fiscal year: Chairman FBR

ISLAMABAD (Dunya News) - Chairman Federal Board of Revenue Asim Ahmad says tax collection target of over 7000 billion rupees has been set for the next fiscal year. Talking to media in Islamabad on Friday, he said in this budget, our main focus is on...


Rs 9502 billion federal budget 2022-23 at a glance

ISLAMABAD (Dunya News) - The federal government on Friday presented a proposed budget of Rs 9502 billion for the fiscal year 2022-23. Following is the breakup of resources and expenditure for federal budget 2022-23:- TOTAL RESOURCES (I to V): Rs. I...


PTI chairman Imran Khan rejects federal budget for FY2022-23

ISLAMABAD (Dunya News) – Former prime minister and Pakistan Tehreek-e-Insaf Chairman Imran Khan on Friday rejected the Rs9.5 trillion federal budget for the fiscal year 2022-23. “We reject this anti-people and anti-business budget presen...


PM Shebhaz felicitates Miftah Ismail for presenting pro-people budget

ISLAMABAD (Dunya News) – Prime Minister Shehbaz Sharif Friday congratulated Minister for Finance Miftah Ismail and his entire team on the presentation of a balanced, progressive and pro-people budget. In a series of tweets on social media plat...


Rs 38 billion earmarked to address environmental, IT & food security needs

ISLAMABAD (Dunya News) – The Federal government on Friday announced a huge amount of Rs 38 billion to address climate change, food security, and information technology (IT) needs to ensure development alongside mitigation of environmental impac...


Government allocates Rs 202 billion for highways, ports

ISLAMABAD (Dunya News) – Minister for Finance and Revenue Miftah Ismail on Friday said the government has allocated Rs. 202 billion for highways and ports in the Fiscal Year 2022-23. During his speech in the National Assembly, he said through ...


Rs165m allocated for recycling plant for damaged holy Quran papers

ISLAMABAD (APP) – The Federal government has allocated Rs 167.725 million for establishment of a recycling plant for damaged papers of the Holy Quran in Islamabad. The allocation has been made under the Public Sector Development Program of 202...


Rs 70 billion allocated for social development

ISLAMABAD (Dunya News) – Minister for Finance and Revenue Miftah Ismail on Friday said the Federal government was focusing on improving underprivileged segments of the society and in that Rs70 billion were allocated in the federal budget for th...


Rs 800 billion earmarked for PSDP for next fiscal year

ISLAMABAD (Dunya News) – The budget envisages Federal Public Sector Development Programme (PSDP) worth Rs 800 billion for the next fiscal year. It has been centered on improvement in sectors such as water resources, transport and communication...


Govt earmarks Rs 73 billion for power sector

ISLAMABAD (Dunya News) – Minister for Finance Miftah Ismail on Friday said that keeping in view importance of energy for development of the country, the government has earmarked Rs 73 billion for power sector. Presenting budget speech for fisc...


Rs 364 billion allocated for Benazir Income Support Program

ISLAMABAD (Dunya News) – The budgetary allocations for the Benazir Income Support Program (BISP) has been increased up to Rs. 364 billion from Rs. 250 billion for the year 2022-23. This was announced by the Federal Minister of Finance, Miftah ...


Details of direct, indirect taxes levied in Budget 2022-23

ISLAMABAD (Dunya News) – Finance Minister Miftah Ismail on Friday announced changes to direct and indirect taxes for the fiscal year 2022-23. Details of the direct and indirect taxes as well as tax breaks to different sectors can be view below...


Pro-poor, people-friendly budget to change economic landscape: Marriyum

ISLAMABAD (Dunya News) – Minister for Information and Broadcasting Marriyum Aurangzeb Friday said, pro-poor and people-friendly budget for the fiscal year 2022-23 would change economic landscape by stabilizing the national economy. “This...


Income tax threshold increased to Rs1.2m a year

ISLAMABAD (Dunya News) –Government on Friday has increased income tax threshold (per year) from Rs600,000 to Rs1.2 million. Finance Minister Miftah Ismail has unveiled the federal budget with a total outlay of Rs9.5 trillion in the National As...


Govt allocates Rs 600m for Religious Affairs & Interfaith Harmony Division

ISLAMABAD (Dunya News) – The government has allocated Rs 600 million for four ongoing and new schemes of the Religious Affairs and Interfaith Harmony Division for the fiscal year 2022-23 under the Public Sector Development Program (PSDP). The ...


Highlights of PSDP 2022-23

ISLAMABAD (APP) - Following are the highlights of allocations under the Public Sector Development Programme (PSDP) for various ministries and divisions for the fiscal year 2022-23 announced by the Federal Government here Friday. — Total outlay...


Govt allocates Rs1.52tr for defense expenditure, Rs3.95tr for debt servicing

ISLAMABAD (Dunya News) – Government has allocated Rs1,523 billion for defense expenditure and Rs3,950 billion for domestic and external debt servicing for fiscal year 2022-23. Finance Minister Miftah Ismail has unveiled the federal budget with...


Finance Minister Miftah Ismail unveils budget for fiscal year 2022-23 in NA

ISLAMABAD (Dunya News) - The federal budget worth more than Rs 9,000 billion for the fiscal year 2022-23 has been unveiled today. Federal Minister for Finance and Revenue Miftah Ismail presented the budget in the National Assembly. Addressing the Na...


Budget 2022-23: Read full text of Miftah Ismail's speech in NA

ISLAMABAD (Dunya News) – Finance Minister Miftah Ismail has on Friday unveiled the budget for the next fiscal year 2022-23 in the National Assembly with special focus on fiscal consolidation to contain budget deficit. The budget has been formu...


Federal Cabinet okays 15pc increase in salaries of govt employees

ISLAMABAD (Dunya News) – Special meeting of Federal Cabinet on Friday okayed 15 percent increase in salaries of government employees. The cabinet also accorded its approval to five percent increase in pensions. Prime Minister Shehbaz Sharif w...


Budget Session of Punjab Assembly to be called on June 13

LAHORE (Dunya News) – Punjab Assembly’s 40th Session was turned into Budget Session of Punjab and will be presented on June 13 at 2 pm. As per details, the Governor Punjab Baligh Ur Rehman has approved the Budget Session to be held on Ju...


PM summons special cabinet meeting ahead of Budget

ISLAMABAD (Dunya News) - Prime Minister Shehbaz Sharif has summoned special federal cabinet meeting to be held today (Friday) in Islamabad, Dunya News reported. Prime Minister Shehbaz Sharif will preside over the federal cabinet meeting to be held a...


Govt all set to present budget for fiscal year 2022-23

ISLAMABAD (Dunya News) - The federal budget worth more than Rs 9,000 billion for the fiscal year 2022-23 will be presented today. Federal Minister for Finance and Revenue Miftah Ismail will present the budget in the National Assembly, Dunya News repo...


Public debt surges by Rs 4,500 bln in 9 months: PES

ISLAMABAD (APP) – Pakistan Economic Survey released on Thursday disclosed that total public debt surged during the current fiscal year was recorded at Rs 44,366 billion at the end-March 2022, registering an increase of Rs 4,500 billion during f...


HEC awards overseas scholarships to 623 scholars: Economic Survey

ISLAMABAD (Dunya News) – The Higher Education Commission (HEC) under Human Resource Development Programme, has awarded overseas scholarships to a total number of 623 scholars who proceeded abroad for their PhD, MS and Under-Graduate studies and...


Rs6.505 billion allocated for PBM during FY 2022 to assist needy

ISLAMABAD (Dunya News) – An amount of Rs 6.505 billion has been allocated to Pakistan Bait-ul-Mal (PBM) during the Fiscal Year 2022 to provide assistance to the destitute and needy persons through executing various pro-poor schemes, according t...


Govt takes steps to control population, reduce unemployment pressure

ISLAMABAD (Web Desk) – Federal Government took various initiatives at federal and provincial levels to raise standards of education in terms of quality as part of its commitment to accomplish Goal 4 of SDG during last ten months of the Fiscal Y...


Economic Survey proves country was on path of progress during last two years: Imran

ISLAMABAD (Dunya News) – Former prime minister and Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan said on Thursday that the Economic Survey 2021-22 launched by the government proved the performance of his government. Commenting on economic...


Federal govt introduces SNC to raise standards of education: Economic Survey

ISLAMABAD (Dunya News) – Federal Government took various initiatives at federal and provincial levels to raise standards of education in terms of quality as part of its commitment to accomplish Goal 4 of SDG during lat ten months of this Fiscal...


5.97pc GDP growth rate in FY22 unsustainable: Miftah Ismail

ISLAMABAD (Dunya News) – Unveiling the important budgetary document of  Pakistan Economic Survey 2021-22  on Thursday, Minister for Finance and Revenue Miftah Ismail termed the GDP growth rate of 5.97 percent during the outgoing fisca...


Govt unveils Pakistan Economic Survey 2021-22

ISLAMABAD (Dunya News) – Federal Minister for Finance and Revenue, Miftah Ismail Thursday formally launched the pre-budget document, ‘Pakistan Economic Survey 2021-22’. Among others, the launching ceremony was attended by minister ...


A look at Rupee's fall against US Dollar since 1947

LAHORE (Dunya News) – Depreciation of rupee against US Dollar is worrying every Pakistani as local currency continues to touch historic lows every passing day. Here is a look at ups and downs of the local currency against the greenback since i...


Federal govt plans to earn over Rs1600 billion from non-tax sources

ISLAMABAD (Dunya News) – Federal government plans to earn over Rs1600 billion from non-tax sources in the upcoming fiscal year. According to details, the government aims to collect Rs550 billion from petroleum levy, Rs40 billion from gas devel...


Pakistan's GDP growth remained 6pc

ISLAMABAD (Dunya News) – The country’s economic growth rate has reached 6% against the target of 4.8%. According to the outlines of the National Economic survey received by Dunya News, the economic growth was higher than the target whi...


Govt sets Rs800 bn federal development budget for FY23

ISLAMABAD (Dunya News) – The size of the federal development budget has been set at Rs800 billion for the upcoming fiscal year 2022-23, Rs538 billion has been proposed to allocate for federal ministries and departments while the major chunk of ...


Govt likely to present budget with over 9tr outlay

ISLAMABAD (Dunya News) - The coalition government, which came into power just months ago, may unveil over Rs9 trillion budget. Sources privy with the development, said that a major chunk of the new budget will be spent only on debt servicing of Rs35...


Govt will provide relief to people in budget: Shazia Marri

ISLAMABAD (Dunya News) - Federal Minister for Benazir Income Support Programme (BISP) Shazia Atta Marri has said that the government will provide relief to people in the budget being announced on Friday. Talking to reporters in Islamabad on Wednesda...


Miftah Ismail refutes rumours regarding hike in petroleum prices

ISLAMABAD (Dunya News) – Federal Finance Minister Miftah Ismail on Tuesday has refuted the rumours regarding increase in prices of petroleum products as absolutely false. In his statement on Twitter, Miftah said that he had not spoken about ...


Punjab govt prepares first development budget draft

LAHORE (Dunya News) – Punjab government on Tuesday prepared first draft of development budget in which it was proposed to allocate Rs640 billion in the development budget. According to the details, it has been recommended to allocate up to 35%...


FY21-22: A look at performance of country's key sectors

LAHORE (Dunya News) – With next budget around the corner, here is a look at targets and actual growth of key sectors during the outgoing fiscal year. According to the documents available with Dunya News, the government aimed for a modest growt...


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