7 d. ago New solar panel prices in Pakistan after 10% tax from July 2025

ISLAMABAD – Proposals made by the federal government in budget for next fiscal year 2025-26, including imposition of 10 percent

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9 d. ago SOE losses, pension liabilities cross Rs7.5 trillion, exceeding defence and development budgets

ISLAMABAD – Pakistan’s state-owned enterprises (SOEs) continue to bleed financially, with total accumulated losses and unfunded pension liabilities now crossing Rs7.5 trillion. This amount is nearly three times the defence budget and over seven times the national development budget for the current fiscal year. The Ministry of Finance revealed these alarming figures during a meeting […]

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1 week ago Punjab assembly passes Rs5,300 billion budget for fiscal year 2025–26

LAHORE, June 26, 2025 — The Punjab Assembly on Thursday approved the Punjab Finance Bill 2025–26 by a majority vote, passing the province’s annual budget with a total volume of Rs5,300 billion for the upcoming fiscal year. The approved budget includes Rs4,329 billion in demands for grants, covering a wide range of sectors including health, […]

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1 week ago Pakistan approves Rs17.57 trillion federal budget for 2025–26 with key tax reforms

The National Assembly of Pakistan has officially approved the Rs17,573 billion federal budget for the fiscal year 2025–26, passing the Finance Bill with a majority vote. All cut motions from the opposition were rejected during Thursday’s session. Under the approved budget, the Federal Board of Revenue (FBR) has set a tax collection target of Rs14,131 […]

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1 week ago Pakistan’s national assembly passes budget for 2025–26 with amendments

The National Assembly of Pakistan has passed the federal budget for the upcoming fiscal year 2025–26. The approval came after several days of debate, discussions, and review by lawmakers during a special session held in Islamabad. Members of the assembly approved the Finance Bill 2025 through a clause-by-clause voting process, making it the official budget […]

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1 week ago National assembly approves Rs715 billion boost for energy sector in FY2026

ISLAMABAD – The National Assembly has approved a massive Rs715.45 billion budget for Pakistan’s energy sector for the fiscal year ending June 30, 2026, with a strong focus on reducing power costs and tackling circular debt. The largest share of this allocation, Rs636.9 billion, has been granted to the Power Division to cover operational costs, […]

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1 week ago Sindh assembly passes Rs 3.45 trillion budget with focus on health and education

The Sindh Assembly has officially passed the provincial budget for the fiscal year 2025–26. The budget session began on June 13, during which Chief Minister Murad Ali Shah presented the detailed financial plan. This budget aims to boost social sectors and improve public services across the province. The total budget is Rs 3.451 trillion, reflecting […]

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1 week ago ‘I think minus Imran has happened’, says Aleema on passage of KP budget

Aleema Khan, sister of incarcerated former prime minister Imran Khan, on Tuesday reacted to the claims that her brother was no longer relevant in the country’s politics as the Khyber Pakhtunkhwa Assembly passed the provincial budget for the fiscal year 2025-26. Speaking to the media outside Adiala jail in Rawalpindi, Aleema was asked whether ‘Imran […]

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1 week ago KP assembly passes budget without Imran Khan’s approval, opposition boycotts session

The Khyber Pakhtunkhwa (KP) Assembly passed the provincial budget for the fiscal year 2025–26 without meeting former Prime Minister Imran Khan. Chief Minister Ali Amin Gandapur had previously stated the budget would not be finalized without Khan’s approval. However, the assembly approved the budget late last night. In total, the assembly approved Rs1,962 billion for […]

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2 w. ago Sindh CM unveils ambitious fiscal plans, highlights Rs254b allocation for Karachi

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Monday concluded the provincial assembly’s budget debate for fiscal year 2025–26, outlining a series of development initiatives while defending the government’s allocations. In his address, Shah also criticized the federal government’s fiscal shortfalls and discussed how Sindh’s development budget is substantially higher than that of other […]

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2 w. ago KP budget won’t pass without Imran Khan’s approval: Barrister Saif

PESHAWAR: Senior Pakistan Tehreek-e-Insaf (PTI) leader and Khyber Pakhtunkhwa Information Adviser Barrister Dr. Ali Saif declared that the province’s upcoming fiscal budget will not be approved without consultation with PTI founder Imran Khan. Speaking to the media in Peshawar, Barrister Saif emphasised that the people voted for Imran Khan’s ideology, and therefore the provincial budget […]

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2 w. ago Lawmakers call for charter of economy for sustainable growth

Resuming debate on budget for fiscal year 2025-26 on Friday, lawmakers at National Assembly emphasized the need to accelerate reforms, adhere to an export-led growth strategy, and develop a charter of economy to ensure policy consistency, which they said is essential for achieving sustainable development. Participating in the debate, Pakistan Peoples Party (PPP) MNA Dr. […]

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2 w. ago Government flags serious economic risks threatening next fiscal year’s budget

ISLAMABAD – The government has warned in a report submitted to Parliament that next year’s budget faces several serious economic and financial risks. These include slow economic growth, rising inflation, and an increasing debt burden. The report highlights key challenges such as below-target GDP growth, sudden inflation spikes, exchange rate fluctuations, declining revenues, rising debt […]

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2 w. ago Sherry Rehman slams govt’s cuts in FY26 climate budget amidst rising temperatures

ISLAMABAD: Former climate change minister and Pakistan Peoples Party (PPP) Vice President, Senator Sherry Rehman, has strongly criticized the federal government’s decision to cut the environment protection budget in the fiscal year 2025-2026 budget, calling it an abdication of responsibility in the face of escalating climate challenges. During a press briefing on Wednesday, she noted […]

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2 w. ago Only 54% of federal development budget spent in first 11 months of FY25

The Ministry of Planning revealed that only 54% of Pakistan’s federal development budget was spent in the first 11 months of the current fiscal year 2024–25. This figure raises serious concerns about the government’s ability to execute planned projects on time. Between July 2024 and May 2025, the government spent Rs596.61 billion on development projects. […]

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2 w. ago Balochistan Budget 2025: 10% Salary increase, 7% Pension raise approved

QUETTA – Balochistan government on Tuesday unveiled the Budget for fiscal year 2025-26, announcing major relief for government employees and

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2 w. ago Balochistan unveils Rs1.28 Trillion Budget for Fiscal Year 25

QUETTA – Finance Minister of Balochistan Mir Shoaib Nosherwani is presenting the provincial budget for the fiscal year 2025–26, with

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3 w. ago Sindh budget sparks criticism over big deficit and Karachi neglect

The Policy Research and Advisory Council (PRAC) has raised strong concerns about the Sindh government’s new budget for 2025–26. The council criticized the budget for increasing the fiscal deficit, cutting support to local governments, and neglecting Karachi’s development needs. This year’s budget shows a deficit of Rs38.5 billion, compared to a balanced budget last year. […]

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3 w. 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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3 w. ago Rs5.3 Trillion Punjab Budget 2025 unveiled with major allocations for Development, Youth, and Health

LAHORE – Punjab Finance Minister Mian Mujtaba Shujaur Rehman unveiled a record-breaking Rs5.3 trillion budget for the fiscal year 2025-26,

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