Markup Payments ISLAMABAD: The fiscal year 2023 witnessed a significant rise in total expenditure that grew by 21.5 percent to Rs. 16.155 trillion against Rs.13.295 trillion in FY2022. Higher expenditures …
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fiscal year 2022-23
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EconomyLatest Updates
National Assembly passes new budget for FY23, clearing way for IMF loan resumption
by Umar Sohailby Umar SohailThe government also agreed to the Fund’s demand of imposing a 1% poverty tax on companies earning Rs150 million, 2% on those generating an income of Rs200 million, 3% on …
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EconomyLatest UpdatesNational
IMF seeks changes in new federal budget: Esther Perez Ruiz
by Umar Sohailby Umar SohailISLAMABAD: The International Monetary Fund (IMF) seeks changes in the new federal budget announced on June 10, 2022, for the fiscal year 2022-23. IMF Resident Director in Pakistan Esther Perez …
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EconomyLatest UpdatesNational
Govt presents Rs9.5 trillion budget for FY-23 with 15% pay-raise in National Assembly
by Umar Sohailby Umar SohailISLAMABAD: The federal cabinet today approved 9.502 trillion rupees new budget for the fiscal year 2022-23. The tax collection target for 2022-23 would be around 7255 billion rupees while non-tax …
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EconomyLatest Updates
Govt to present new budget of Rs9.5 Trillion for FY2022-23 in National Assembly today
by Umar Sohailby Umar SohailThe budget deficit is expected to be Rs 4,282 billion while Rs 4,215 billion will be transferred from the federation to the provinces
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EconomyLatest Updates
National Economic Council okays Rs2.184 trillion for uplift projects, sets 5% GDP growth target for FY-2022-23
by Umar Sohailby Umar SohailThe Council asked the authorities concerned to distribute the Public Sector Development Program (PSDP) allocation of Rs800 billion at the federal level on the basis of 60:40 ratio of funds …
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EconomyLatest Updates
Govt informs IMF of its plan to present new budget on June 10 for FY-2022-23
by Umar Sohailby Umar SohailA meeting of the National Economic Council is being scheduled for June 7, followed by a special cabinet meeting on the budget on June 10.