Islamabad, 10 June 2025: PSDP in New Budget the phrase capturing Pakistan’s latest financial push has appeared at the forefront of discussions as the federal government prepares to unveil its …
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New Budget
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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 Updates
Stock market rejects new budget, sheds 760 points, dollar flies high
by Umar Sohailby Umar SohailFrom July 1, 2022, the banks will pay 45 percent of their profit as corporate/income tax to the Federal Board of Revenue. At present, the banks are paying 39 percent …
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EconomyExclusiveLatest Updates
Banks to pay super-tax @45% of their profit from July 1, 2022
by Umar Sohailby Umar SohailIt’s a pro-IMF budget where the only target is to get loans and focus on their repayments. Only relaxation is given to the salary class as the inflation is sky …
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EconomyLatest Updates
Budget targets are fiscal consolidation and relief for the poor, says Miftah
by Umar Sohailby Umar SohailFinance Minister began by cautioning that the country was going through an unprecedented period, which he described as “very difficult”.
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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
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.