Brazil to freeze $2.70 billion in budget to meet fiscal target | The Express Tribune

BRASILIA: Brazil’s Finance Minister, Fernando Haddad, announced on Thursday a plan to freeze 15 billion reais ($2.70 billion) from the 2024 budget. This move comes as the government grapples with meeting its fiscal targets for the year, following market pressures to reduce spending after a recent decline in local asset values. Of the total amount […]

‘Very optimistic’ Aurangzeb eyes IMF deal after tax-heavy budget approved

Finance Minister Muhammad Aurangzeb addressing the press conference in Islamabad, on June 30, 2024. — Screengrab/GeoNews Finance Minister Muhammad Aurangzeb Sunday expressed optimism about Pakistan’s chances of securing a new IMF bailout, following President Asif Ali Zardari’s approval of the tax-intensive budget for the upcoming fiscal year starting July 1. The finance minister, during a […]

Budget 2024-25 wins IMF praise amid calls for more fiscal tightening | The Express Tribune

ISLAMABAD: The International Monetary Fund (IMF) has praised the stringent economic measures outlined in the budget, citing them as essential for economic stability, according to sources. The sources also reveal that there has been progress in the talks between Pakistan and the IMF. The Fund, they said, has welcomed the tough economic decisions in Pakistan’s […]

Sindh approves Rs3.056 trillion budget for FY25 amid opposition unrest

This photo shows the interior view of the Sindh Assembly during a session. — APP/File The Sindh Assembly has passed the provincial budget for the fiscal year 2024-25 (FY25), rejecting all proposals from opposition lawmakers, who, as a protest turned the budget session into a pandemonium. The budget, with a staggering total outlay of Rs3.056 […]

NA passes tax-heavy budget as Pakistan looks to secure new IMF deal

Finance Minister Muhammad Aurangzeb addressing on the floor of the National Assembly, on June 28, 2023. — Facebook/@NationalAssemblyOfPakistan ISLAMABAD: The National Assembly on Friday passed the tax-heavy Finance Bill 2024 as the government seeks to secure the new International Monetary Fund (IMF) bailout package by fulfilling its requirements.  The budget, for the fiscal year 2024-25 […]

National Assembly approves budget 2024-25 amidst opposition criticism | The Express Tribune

ISLAMABAD: The National Assembly on Friday approved the federal budget of Rs18,877 billion for the fiscal year 2024-25 following the completion of the approval process. During the session, all opposition amendments were rejected unanimously. Prime Minister Shehbaz Sharif, Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari, and Asifa Bhutto-Zardari participated in the proceedings, where the opposition criticised […]

GB presents Rs1.402 trillion budget for upcoming fiscal year

A file view of a session of the Gilgit-Baltistan Assembly. — Radio Pakistan/File GIlGIT: The Gilgit-Baltistan government has proposed a Rs1.402 trillion budget with a Rs19.07 billion subsidy for wheat in the upcoming fiscal year 2024-25. Presenting the budget in the provincial assembly, GB Finance Minister Engineer Ismail said that an amount of Rs86.6 billion was […]

Balochistan presents Rs930bn budget 2024-25

Balochistan Assembly seen in this undated image. — APP The Balochistan government on Friday presented its annual budget of Rs930 billion for the upcoming fiscal year 2024-25, with a surplus of Rs25 billion and special focus on education and health sectors.  Balochistan Finance Minister Mir Shoaib Noshirwani tabled the Finance Bill 2025 on the assembly’s […]

Govt’s stats, economic survey ‘based on lies’, PTI on federal budget

Opposition Leader Omar Ayub Khan is addressing the National Assembly session on June 20, 2024. — Screengrab/YouTube/GeoNews ISLAMABAD: PTI Secretary-General and Leader of the Opposition in the National Assembly Omar Ayub Khan has slammed the budget 2024-25 unveiled by the federal government last week, saying that all figures and economic surveys are “based on lies”.  […]

Bilawal to air budget grievances with PM | The Express Tribune

ISLAMABAD/RAWALPINDI: As the upper and lower houses of parliament commence debates on the federal budget for the fiscal year 2024-25 today (Thursday), tensions are running high within the ruling coalition. The Pakistan Peoples Party (PPP), a key ally, remains at odds with the Pakistan Muslim League-Nawaz (PML-N) over grievances regarding the money bill both at […]

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