41 h. ago Rs 1,028 billion budget: Balochistan aims for growth with surplus focus

The Balochistan government has announced a record-breaking Rs 1,028 billion budget, the largest in its history. Finance Minister Mir Shuaib Noshirovani presented the budget during a session chaired by Speaker Abdul Khaliq Achakzai. For the first time, the province has introduced a budget that crosses the trillion-rupee mark. Notably, the budget also includes a surplus […]

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42 h. 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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44 h. ago Aurangzeb: Economy shielded against middle east crisis, US tariffs under review

Finance Minister Muhammad Aurangzeb assured that Pakistan is fully prepared to handle any economic fallout from Middle East tensions. Speaking at a national workshop in Islamabad, he said the government recently held meetings with key officials. These meetings focused on stock reserves and keeping asset prices stable in case of regional escalation. The minister expressed […]

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61 h. ago Asad Umar criticizes budget, urges all parties to unite for a way forward

ISLAMABAD: Former federal finance minister Asad Umar expressed deep concerns over the current political and economic situation in Pakistan, urging all political parties to unite and find a way forward to resolve the ongoing political crisis. Speaking to the media on Monday, Umar emphasized that the country is caught in a dangerous political quagmire, and […]

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65 h. ago Punjab announces 10% salary hike, 5% pension increase in ‘people

LAHORE – The Punjab government has announced a 10% increase in salaries and a 5% rise in pensions for government employees under the 2025–26 provincial budget, which officials describe as “people-friendly” and focused on development. Punjab Finance Minister Mujtaba Shuja ur Rehman shared the details during his budget speech at the Punjab Assembly on Monday. […]

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67 h. 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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68 h. ago Punjab unveils Rs5.3 trillion budget with 10% pay raise and no new taxes

Punjab’s Finance Minister Mujtaba Shuja-ur-Rehman presented the provincial budget for the fiscal year 2025–26, with a total volume of Rs5,335 billion. The budget session took place in the Punjab Assembly on Monday, while Chief Minister Maryam Nawaz and her cabinet joined virtually from Iran due to official commitments. Meanwhile, opposition members gathered before the speaker’s […]

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2 d. ago Petrol, diesel prices surge after budget; govt adds new carbon levy

ISLAMABAD – Just days after announcing the federal budget, the government has increased petrol and diesel prices, further burdening the public amid rising inflation. According to the Ministry of Finance, the price of petrol has gone up by Rs4.80 per litre, while high-speed diesel has seen an even sharper hike of Rs7.95 per litre. With […]

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4 d. ago Govt considers raising retirement age to 62 to tackle soaring pension costs

Finance Minister Muhammad Aurangzeb has supported increasing the retirement age from 60 to 62 years. He said this move could help reduce the country’s growing pension liabilities. Speaking in a Senate Finance Committee meeting, he shared concerns about rising unfunded pensions. He noted that pension reforms had already started, including the introduction of a Defined […]

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4 d. ago Govt unveils Rs2.42 trillion circular debt plan, tariff changes await NEPRA nod

The Power Division has shared its plan with the National Assembly to tackle the massive Rs2.42 trillion circular debt in the energy sector. Minister Awais Leghari confirmed the strategy is part of the Circular Debt Management Plan, backed by the Ministry of Energy, Ministry of Finance, and a task force. He added that Rs1.2 trillion […]

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5 d. ago Bilal Kayani assumes charge as Minister of State for Finance

Bilal Azhar Kayani has formally assumed the charge of his office as Minister of State for Finance, read a statement released by the Finance Division on Friday. This follows the notification issued by the Cabinet Division, through which the portfolio of Minister of State for Finance was allocated to Kayani, in addition to his existing […]

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5 d. ago KP unveils Rs2.1 trillion budget with pay hikes, reforms and development focus

  PESHAWAR: The Khyber Pakhtunkhwa government has announced a Rs2.119 trillion budget for the fiscal year 2025-26. The budget proposes a 10% increase in salaries for government employees and a 7% hike in pensions. The provincial minimum wage has also been raised from Rs36,000 to Rs40,000. Provincial Finance Minister Aftab Alam presented the budget, highlighting […]

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5 d. ago Bilal Azhar Kayani takes charge as minister of state for finance

Bilal Azhar Kayani has officially assumed office as Pakistan’s Minister of State for Finance. The Finance Division confirmed his appointment on Friday through a Cabinet Division notification. This new role became effective immediately under the government’s Rules of Business 1973. Kayani continues to serve as Minister of State for Railways and also heads the Prime […]

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6 d. ago Finance minister retracts 10% electricity surcharge proposal amid IMF concerns

Finance Minister Muhammad Aurangzeb has withdrawn his earlier proposal to impose a 10% surcharge on electricity bills. This reversal surprised many, especially since Pakistan had assured the IMF that the surcharge would help manage circular debt repayments. The announcement came just a day after Aurangzeb suggested the surcharge during his budget speech. Aurangzeb clarified that […]

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7 d. ago Bilal Azhar Kayani assigned additional role as Minister of State for Finance

ISLAMABAD – Bilal Azhar Kayani has been given the additional portfolio of Minister of State for Finance. The Cabinet Division

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7 d. ago Govt hikes SOE funding by 80% in FY26, pushes ahead with reforms and privatisation

The federal government has allocated Rs354.81 billion to State-Owned Enterprises (SOEs) for FY2025–26, reflecting an 80.3% increase from Rs196.83 billion last year. These funds, released under the Public Sector Development Programme (PSDP), will support key SOEs in infrastructure, transport, energy, and financial services—sectors critical to national development. Finance Minister Muhammad Aurangzeb, in his budget speech, […]

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7 d. ago Pakistan confirms $500m eurobond repayment, to launch first panda bond in Chinese Market

Finance Minister Senator Muhammad Aurangzeb confirmed on Wednesday that Pakistan is fully prepared to make its first $500 million Eurobond repayment due in September 2025, reaffirming the government’s commitment to meeting all external debt obligations on time. Speaking at the post-budget press conference in Islamabad, the minister stated that a second Eurobond installment, due in […]

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7 d. ago Finance minister says salaried class given maximum relief in FY2025

ISLAMABAD – Federal Finance Minister Muhammad Aurangzeb said that the government provided as much relief as possible to the salaried

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7 d. ago Govt gave maximum relief to salaried class in budget, says finance minister

Finance Minister Senator Muhammad Aurangzeb said the government provided as much relief as possible to the lower and salaried classes. The minister said the aim was to ease the burden on those affected most by inflation. He assured the public that relief measures were designed carefully. These steps reflect the government’s effort to support struggling […]

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8 d. ago Supreme court’s budget increased to Rs. 6.64 billion for 2025

The federal government has allocated Rs. 6.64 billion for the Supreme Court’s expenses in the 2025-26 budget. This funding will cover salaries, allowances, operational costs, and development projects. Finance Minister Muhammad Aurangzeb announced the allocation while presenting the budget in the National Assembly. A significant portion of the budget—Rs. 3.26 billion—will go toward salaries and […]

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