ISLAMABAD (Dunya News) - The Ministry of Finance on Tuesday issued a notification regarding the minimum wages of Rs32,000 for federal civil employees. The Ministry of Finance's notification specifies that the new minimum salary for federal offi...
KARACHI (Dunya News) – The State Bank of Pakistan (SBP) is all set to announce Monetary Policy on July 31 (Monday). The Monetary Policy Committee (MPC) of the SBP would meet in Karachi head office on July 31, said a statement issued by the cen...
BERLIN (Reuters) - Germany's cabinet approved on Wednesday the first draft of the 2024 budget for Europe's biggest economy and its financial plans through to 2027, the finance ministry said. "Today we have adopted a budget proposal al...
By Javed Iqbal The debt problem in Pakistan is severe, often quantified in economic terms because of the debt-to-GDP ratio of 80%. However, the reality is harsher and critical as the reckless handling of the country's finances leaves its masses...
ISLAMABAD (Web Desk) – In an attempt to enhance revenue collection for meeting one International Monetary Fund (IMF) condition, the government went for increasing tax on registration of luxury vehicles [over 2,000cc], as it amended the Finance ...
ISLAMABAD (Web Desk) – With the latest changes in the income tax slabs for the salaried class, rates have been hiked for those earning over Rs2,400,000 annually, shows the Finance Bill 2023-24 passed by the National Assembly on Sunday. It mean...
ISLAMABAD (Dunya News) – The National Assembly on Sunday approved the Finance Bill 2023-24, thus endorsing the Rs14.480 trillion budget for the next fiscal year. The budget was approved under the tight watch of the International Monetary Fund ...
ISLAMABAD (Dunya TV) – The government decided to reverse its decision regarding introduction of amnesty scheme for expats who had been allowed in the budget proposals to bring up to $100,000 without declaring their source of income. However, t...
ISLAMABAD (Web Desk) – Finance Minister Ishaq Dar has said the government would eliminate multiple pensions for the government officials. Anyone being reemployed in Grade-17 or above would have to choose between the salary or the pension, he ad...
KARACHI (Web Desk) – Demanding reversal of various taxations measures introduced by the government in the next fiscal year 2023-24 budget, the multinationals operating in Pakistan said some of the proposals, like the concessions for the retail ...
MUZAFFARABAD (Dunya News) – The Azad Jammu and Kashmir (AJK) government on Wednesday presented a Rs232.427 billion budget, the biggest budget in the history of the AJK. Finance Minister Colonel (retd) Waqar Ahmad said the federal government&rs...
MUZAFFARABAD (Dunya News) – The next fiscal year 2023-24 budget with a total outlay of over Rs232 billion will be tabled before the Azad Jammu and Kashmir Legislative Assembly Tuesday (today). The budget volume represents a Rs69bn increase whe...
PESHAWAR (Dunya News) - The caretaker cabinet of Khyber Pakhtunkhwa on Tuesday approved the budget for four months of the next financial year. An increase of 35 per cent in the salaries of government officials from grades 1 to 16 has been approved w...
PESHAWAR (Dunya News) – Khyber Pakhtunkhwa’s budget for the fiscal year 2023-24 will be presented today. Short-term measures have been proposed to enhance income of the province. Rs 1 billion have been allocated for grant of subsidy to B...
ISLAMABAD (Web Desk) – Pakistan Peoples Party (PPP) Chairman and Foreign Minister Bilawal Bhutto-Zardari has reportedly refused to share his views on the budget for fiscal year 2023-24 in the National Assembly as his party has some reserva...
QUETTA (Dunya News) – The Balochistan government on Monday presented Rs750billion budget for the fiscal year 2023-24 (FY2023-24). Finance Minister Zamark Achakzai is presenting the budget. The provincial government raised salaries of governme...
KARACHI (Dunya News) – Hafiz Naeemur Rehman – the chief of Jamaat-i-Islami’s Karachi chapter – said on Monday they would move court and demanded formation of a JIT (joint investigation team) to ascertain why the union council...
PESHAWAR (Dunya News) – Khyber Pakhtunkhwa Information Minister Feroze Jamal Shah on Friday said that the provincial budget would be presented on June 20. Addressing a press conference, Feroze Jamal Shah said that the budget summery had been s...
ISLAMABAD (Dunya News) – The finance ministry said on Friday it was very much interested in negotiating the IMF deal by being flexible on the budget the country recently presented. The ministry's response comes after the Intern...
SINGAPORE (Web Desk) – Amid a complete stalemate, Moody’s Investors Service noted that Pakistan faced “increasing risks” of not being able to rescue the troubled International Monetary Fund (IMF) programme and could even defau...
ISLAMABAD (Web Desk) – With the International Monetary Fund (IMF) still pressing the government hard to increase the tax and non-tax revenues collection, it has become a cliché to say that the world’s top lender is still unhappy wi...
ISLAMABAD (Web Desk) – The National Electric Power Regulatory Authority (Nepra) on Tuesday increased the power tariff by Rs1.61 per unit. The Central Power Purchasing Agency (CPPA) had requested an increase of Rs2.1 per unit in the electricity...
ISLAMABAD (Web Desk) – Finance Minister Ishaq Dar apprised Chinese Chargé d’ Affaires Pang Chunxue about the progress made in the ongoing talks with the International Monetary Fund (IMF), according to a press release issued by the ...
LAHORE (Dunya News) – Prime Minister Shehbaz Sharif on Monday directed the Punjab caretaker government to provide relief to the people in the budget. The premier presided over the budget meeting of Punjab in Model Town, in which Punjab c...
ISLAMABAD/LAHORE (Web Desk) – There is a wide consensus that the International Monetary Fund (IMF) won’t change its stance after the government unveiled the 2023-24 budget and is going to continue pressing Pakistan hard to meet all of its...
ISLAMABAD (Dunya News) – The National Assembly will meet today (Monday) at 4:00pm at the Parliament House. The treasury and opposition benches will start general debate on budget 2023-24 during the session, Dunya News reported. During the meet...
LAHORE (Dunya News) – Istehkam-e-Pakistan Party (IPP) senior leader Abdul Aleem Khan on Sunday said that the provincial governments should also increase the salary and pension of civil servants at par with the federal government. In one of hi...
QUETTA (Dunya News) – The provincial budget of Balochistan for the upcoming fiscal year is expected to be presented on June 16. According to finance ministry sources, there is a possibility that the Balochistan’s provincial budget for th...
By Javed Iqbal In Pakistan, it has become commonplace for democratic governments to unveil populist budgets during election years, driven by the desire to secure victory in the polls. These budgets are crafted to lure voters through a range of ince...
KARACHI (Dunya News) – The Sindh government on Saturday raised salaries of government employees as well as increased minimum wages. Sindh Chief Minister Murad Ali Shah announced 35pc raise in salaries of government employees of Grade 1-1...
KARACHI (Dunya News) - The Sindh cabinet on Saturday gave approval for Rs2.244 trillion budget for next financial year 2023-24. A pre-budget meeting of the cabinet was held under the chairmanship of Sindh Chief Minister Murad Ali Shah in which the b...
ISLAMABAD (Dunya News) – Finance Minister Ishaq Dar said on Saturday the 2023-24 budget focused on economic growth and was thus different from the traditional documents. Addressing the post-budget press conference in the federal capital,...
KARACHI (Dunya News) – Sindh Chief Minister Murad Ali Shah on Saturday presented a Rs2,244 billion budget for the next fiscal year 2023-24 in the Sindh Assembly as he promised that the PPP would bring stability to the country. With an allocati...
ISLAMABAD (Dunya News) – The government decided to introduce three slabs to widen the scope of super tax while also increasing the rates besides also taxing the non-filers in the budget announced for the year 2023-24 on Friday. According to de...
ISLAMABAD (Dunya News) – The government decided to raise the pays and pensions of serving and retired state employees of the federal departments and organisations, in a major relief to the people who are experiencing a record-high inflation. F...
KARACHI/ISLAMABAD (Web Desk) – Finance Minister Ishaq Dar on late Friday said those behind the running the “Reimagining Pakistan” movement should stop frightening the people with the notion that the country would soon default, just ...
ISLAMABAD (Web Desk) – The government went for an around 13 per cent increase in the defence budget, raising the outlay to Rs1.804 trillion for the fiscal year 2023-24 against an amount of Rs1.570tr reserved 2022-23. Initially, the allocations...
ISLAMABAD (Dunya News) - FBR authorities said that an additional 200 billion rupees in taxes have been imposed in budget 2022-23, 175 billion rupees in direct, whereas 25 billion rupees are indirect taxes. While briefing about the taxes in the...
ISLAMABAD (Dunya News) – Senator Mushtaq Ghani on Friday reacted to the presentation of the budget for the fiscal year 2023–24, saying the government had not given any relief to the masses. Expressing his thoughts, Mr Ghani said, "...
(Web Desk) – Pakistan's federal budget for the fiscal year 2023-24 on Friday came under criticism from Hammad Azhar, a member of the Pakistan Tehreek-e-Insaf (PTI) economic team. Finance Minister Ishaq Dar on Friday presented an Rs14.46 t...
KARACHI (Reuters) - Pakistan presented its federal budget for the next fiscal year, one of three measures the International Monetary Fund (IMF) will gauge before releasing at least some of the $2.5 billion still pending under a lending programme expi...
ISLAMABAD (Dunya News) - Amid ongoing political and economic crises, Finance Minister Ishaq Dar on Friday presented the budget for the fiscal year 2023-24 (FY24). Salient features • Defence: Rs1,804 billion • Public Sector Development Pr...
ISLAMABAD (Dunya News) – Federal Information Minister Marriyum Aurangzeb on Friday said she was very happy to announce that for the first time in the budget, health insurance had been allocated for the journalists. Ms Aurangzeb said that Rs1...
ISLAMABAD (Dunya News) – Finance Minister Ishaq Dar on Friday presented the federal budget for the fiscal year 2023-24 with an outlay of around Rs14.5 trillion. Here are the salient features of the budget Mr Dar presented in the Na...
QUETTA (Dunya News) – Balochistan Education Minister Naseebullah Marri on Friday railed against Prime Minister Shehbaz Sharif, saying that despite making announcements, the latter had not allotted funds to the province. Expressing his thoughts...
ISLAMABAD (Dunya News) - Ahead of tabling the budget for the fiscal year 2023-24 in the National Assembly (NA), the federal cabinet approved finance bill for the year at a meeting held at the Prime Minister House on Friday. Prime Minister Sheh...
ISLAMABAD (Dunya News) – As the government is all set to table the budget for next fiscal year before the National Assembly on Friday (today), a law is also being introduced to curb the trend of hoarding US dollar and other important foreign cu...
LAHORE (Raja Arsalan Khan) – Every year budget is presented by the federal government and each of the provinces/ federating units as a document containing not only complicated figures but also intricate terminologies, which makes it difficult f...
LAHORE (Web Desk) - PTI stalwarts Hammad Azhar and Asad Umar have severely criticised the Pakistan Democratic (PDM) for the country's economic disaster in the last one year or so. Taking to Twitter, Azhar grilled Finance Minister Ishaq Dar for ...
KARACHI (Web Desk/Reuters) – At a time when the International Monetary Fund (IMF) is pressing Islamabad hard to materialise financing commitments and meet other conditions, the foreign reserves held by the State Bank of Pakistan (SBP) has decre...
KARACHI – The Pakistan Economic Survey released Thursday did not contain data or figures related to several important segments and features of economy and one of the missing aspects is the job losses amid reduced economic activity. It comes de...
ISLAMABAD (Web Desk) – The government is unable to tackle the issue of tax exemptions despite the urgent need to enhance revenue collection, as the total amount surged to Rs2,239.6 billion in 2022-23 when compared with Rs1,757.035bn recorded du...
ISLAMABAD (Web Desk) – Pakistan couldn’t escape the effects of global slowdown triggered first by the COVID pandemic and later exacerbated by the Ukraine war as the country’s exports and imports posted a negative growth during the J...
ISLAMABAD (Dunya News) – Prime Minister Shehbaz Sharif has summoned the federal cabinet meeting in Islamabad today to discuss the current political and economic situation in the country, Dunya News reported. He will preside over the cabinet me...
ISLAMABAD (Dunya News) – The Balochistan Awami Party (BAP) on Thursday decided to boycott the budget session for the fiscal year 2023-24. Sources divulged that Balochistan Chief Minister Abdul Quddus Bizenjo had instructed party senators and l...
ISLAMABAD (Dunya News) - Amid ongoing political and economic crises, Finance Minister Ishaq Dar on Friday tabled the budget for fiscal year 2023-24 (FY24). Mr Dar started off by comparing the economic indicators of 2017 and 2022, followed by the bas...
ISLAMABAD (Dunya News) – A special meeting of the federal cabinet in connection with the upcoming budget will be held on Friday. The federal cabinet meeting will be chaired by Prime Minister Shehbaz Sharif, and the budget for 2023-24 will be ...
ISLAMABAD (Dunya News) – Finance Minister Ishaq Dar on Thursday launched the Pakistan Economic Survey of 2022-23. Addressing the ceremony, the minister said the government economy based on five Es including exports, equity, empowerment, enviro...
ISLAMABAD (Dunya News) – The federal government is likely to increase salaries and pensions of the employees as budget for the next fiscal year is set to be unveiled on Friday. Sources said the finance bill had proposed 20 per cent incre...
(Reuters) - Pakistan has to satisfy the IMF on three counts, starting with a budget to be presented on Friday, before its board will review whether to release at least some of the $2.5 billion still to be disbursed under a lending programme that will...
KARACHI (Web Desk) - The coalition government is likely to impose heavy taxes on the country banking sector in the 2023-24 budget with an aim to tap easy money. A representative of a leading brokerage firms says what he believes the 2023-24 bud...
ISLAMABAD (Dunya News) – The federal government has decided to impose new taxes to the tune of Rs700 billion in the upcoming budget for fiscal year 2023-24. After intensive consultation with the International Monetary Fund (IMF), the governmen...
(Web Desk) – The Dollar-starved government has planned to generate $2 billion through the launch of Eurobonds in the upcoming budget 2023-24. As the dollar inflow dried up after the International Monetary Fund (IMF) reluctance to oblige Pakist...
ISLAMABAD (Dunya News) - The Economic Coordination Committee (ECC) on Wednesday approved the grants and allocations of funds to various ministries and departments for development and other schemes in upcoming fiscal year 2022-23. According to ...
ISLAMABAD (Dunya News) – One of the most important pre-budget document, the Economic Survey of Pakistan 2022-23, determining the performance of government and their achievements in major socio-economic sectors during the outgoing fiscal y...
LAHORE (Dunya Investigation Cell) – The imposition of taxes on luxury items by the government has started bearing fruit. In the first ten months of the ongoing fiscal year 2022-23 (FY2022023), mobile phones of worth Rs473.2 million were import...
LAHORE (Dunya News) – Jamaat-e-Islami (JI) Emir Sirajul Haq on Wednesday said that those whose salary was less than Rs100,000 should be exempted from tax. Addressing the pre-budget seminar organised by the JI, Mr Haq said corruption worth Rs7...
LAHORE (Dunya Investigation Cell) – The foreign direct investment was reduced by $350 million in the first 10 months of the fiscal year 2023. The total foreign direct investment in Pakistan in the ongoing fiscal year was recorded as $1.77 bill...
KARACHI (Reuters) – Pakistan’s government will hope to find a balance between reforms to satisfy the International Monetary Fund (IMF) and measures to win over voters in an imminent election in its budget for the 2023-24 fiscal year to be...
ISLAMABAD (Dunya News/Web Desk) – Size of Pakistan’s economy – Gross Domestic Product (GDP) – shrank by $34 billion during the outgoing fiscal year, as its overall size dipped to $341.50bn when compared with the leve...
LAHORE (Muhammad Hassan Raza) – The National Economic Council (NEC) on Tuesday approved a total outlay of Rs2,709 for development projects in the upcoming 2023-24 budget. As Prime Minister Shehbaz Sharif chaired the meeting, the NEC decided th...
WASHINGTON (Web Desk) – The World Bank has said the devastating effects of the August 2022 floods, policy uncertainty and shrinking foreign exchange resources have depressed economic activity in Pakistan as the top financial institution revised...
QUETTA (Dunya News) – The Balochistan government on Tuesday rescinded the services of provincial minister for planning and development Noor Muhammad Dumar over participating in the meeting of the National Economic Council (NEC). It came as Bal...
ISLAMABAD (Dunya News) – Prime Minister (PM) Shehbaz Sharif on Tuesday okayed fixed tax regime for information technology (IT) sector and directed the concerned authorities to form a committee and place recommendations. The PM chaired a sessio...
ISLAMABAD (Dunya News) – The National Economic Council (NEC) on Tuesday set a GDP growth rate target of 3.3 per cent and approved the annual development programme with the total volume standing at Rs2,709 billion for upcoming 2023-24 budget. A...
ISLAMABAD (Web Desk) – As Prime Minister Shehbaz Sharif expressed his confidence to finalise the deal with the International Monetary Fund (IMF), reports have emerged that the world’s top lender may club the 9th and 10th reviews together ...
ISLAMABAD (Dunya News) - Ministry of Information Technology and Telecommunication surfaced a proposal to allocate more than 16 billion and 500 million rupees in the upcoming budget for the ongoing projects. The overall budget proposal includes...
ISLAMABAD (APP) – Federation of Pakistan Chamber of Commerce and Industry’s United Business Group (UBG) on Monday demanded a business-friendly, export-oriented and pro-poor people budget to gear up trade activities, besides restoring the ...
ISLAMABAD (Web Desk) – The total outlay of the upcoming federal budget is expected to be around between Rs13 trillion to Rs15tr with an over 20 per cent increase in the revenue collection target, Dunya News learned on Sunday. The emphasi...
ISLAMABAD (Dunya News) - Minister for Planning, Development and Special Initiatives Professor Ahsan Iqbal on Friday said that the government has allocated Rs 1,100 billion for the development budget for the next fiscal year aimed at achieving the req...
ISLAMABAD (Dunya News) - Prime Minister Shehbaz Sharif on Tuesday said the provision of maximum relief to the masses and economic development would be among the Federal Government’s priorities in the upcoming budget for fiscal year 2023-24. Th...
ISLAMABAD (Dunya News) - Federal Minister for Finance and Revenue Senator Ishaq Dar on Tuesday said that the government was taking steps to present a business and investment-friendly budget. The finance minister, addressing the representatives of La...
