58 m. ago 39 government departments exceed budget limits, energy and defense lead

ISLAMABAD – At least 39 federal departments in Pakistan have overspent their allocated budgets for the current fiscal year, with the energy and defense sectors emerging as the top contributors to the excess. Meanwhile, dozens of other departments failed to utilize their full funds. According to official budget documents, the energy sector overspent by Rs129.5 […]

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21 h. ago Punjab allocates Rs79.5 billion for free medicines in budget 2025

LAHORE – Punjab has allocated a record Rs630.5 billion for the health sector in the budget for the fiscal year

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1 week ago Government allocates funds for new industrial development projects in upcoming budget

The government has announced plans to allocate significant funds in the next fiscal year’s budget to promote industrial growth and development across Pakistan. These initiatives focus on creating special economic zones and expanding industrial units to boost manufacturing and employment. One key proposal is the allocation of Rs. 500 million for establishing a Special Economic […]

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2 w. ago APBF pushes for robust SME sector in next budget to boost employment

The All Pakistan Business Forum (APBF) on Monday called on the federal government to place small and medium-sized enterprises (SMEs) at the heart of the upcoming Federal Budget 2025-26, warning that without immediate and meaningful support, the backbone of Pakistan’s economy could face serious setbacks. In a policy meeting held in Lahore to finalize recommendations […]

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2 w. ago Pakistan proposes Rs4,083 billion national development budget for next fiscal year

Pakistan is planning to set a total national development budget of Rs4,083 billion for the upcoming fiscal year, according to official documents reviewed by Dawn News. This includes both federal and provincial allocations aimed at boosting infrastructure, energy, and social sector development. The proposed federal development budget stands at Rs1,000 billion. In addition, Rs288 billion […]

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2 w. ago P@SHA urges government to avoid new IT taxes, warns of 600,000 job losses

Tech industry leaders call for fixed tax regime and investor-friendly reforms in FY26 budget The Pakistan Software Houses Association (P@SHA) has urged the federal government to avoid introducing new taxes on the IT sector in the upcoming national budget. Scheduled for June 10, the budget is seen as critical for Pakistan’s growing tech industry, which […]

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2 w. ago Pakistan shares Rs3 trillion gas sector circular debt plan with IMF

The Pakistani government has formally presented a comprehensive plan to the International Monetary Fund (IMF) aimed at eliminating the mounting Rs3 trillion circular debt in the gas sector. This initiative is part of the country’s upcoming budget preparations and a broader effort to stabilize the energy sector. According to official sources, the Petroleum Division crafted […]

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3 w. ago Govt pledges full support for textile exports in upcoming budget

  ISLAMABAD – Federal Minister for Commerce Jam Kamal Khan has assured the textile sector of strong government support in the upcoming federal budget, aiming to boost exports and strengthen industrial growth. He shared these views during a high-level meeting with a delegation from the Pakistan Textile Council (PTC) in Islamabad. The PTC delegation, led […]

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3 w. ago Pakistan’s IT sector threatens to relocate without urgent tax reforms

As the federal budget approaches, Pakistan’s IT sector has issued a serious warning to the government: reform the tax system or risk losing top companies to other countries. The Pakistan Software Houses Association (P@SHA) stated that without immediate policy improvements, firms may shift operations to more business-friendly nations like the UAE, Vietnam, or the Philippines. […]

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