9 d. ago PSX surges after national assembly approves Rs17.6 trillion budget

The Pakistan Stock Exchange (PSX) showed strong recovery on Friday as the KSE-100 Index gained 1,581.77 points, rising 1.3% to reach an intraday high of 123,628.23. The index fluctuated between a low of 122,222.69 and the high during trading, reflecting positive market sentiment after the National Assembly approved the federal budget. Trading activity was robust, […]

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9 d. ago Govt to present Rs203bn supplementary, excess grants in national assembly today

ISLAMABAD – The federal government is set to seek National Assembly approval for supplementary and excess grant demands totaling Rs203.345 billion for the financial years 2023–24 and 2024–25. Finance Minister Muhammad Aurangzeb will present the proposals in the Lower House today [Friday] for discussion and voice vote approval. For the fiscal year 2024–25, the government […]

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9 d. ago All opposition amendments rejected; Bilawal says PPP supported budget after all demands accepted

Budget sails through NA with sweeping tax reforms   The National Assembly on Thursday approved the Rs17.57 trillion federal budget

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9 d. ago PPP resists ‘draconian powers’ for tax authorities amid budget approval tensions

ISLAMABAD: The Pakistan Peoples Party (PPP) has refused to support the government’s proposal to grant the Federal Board of Revenue (FBR) arrest powers in tax fraud cases, a move which has intensified negotiations between the ruling coalition partners ahead of the budget’s approval by the National Assembly. Deputy Prime Minister Ishaq Dar reached out to […]

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9 d. 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 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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2 w. ago Parliamentary committee approves further tax relief for salaried class

ISLAMABAD – June 21, 2025: The National Assembly’s Standing Committee on Finance has approved a major tax relief proposal for the salaried class, reducing the income tax rate on mid-level earners. In a meeting chaired by MNA Syed Naveed Qamar, the committee reviewed and gave clause-by-clause approval to key income tax amendments included in the […]

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2 w. ago Government accepts four major PPP demands, clears path for federal budget approval

The government has accepted four key demands from its coalition partner, the Pakistan Peoples Party (PPP), paving the way for smooth approval of the federal budget in the National Assembly. These demands include a reduction in GST on solar panels and full restoration of funds for Sindh’s universities. During the budget debate on Wednesday, Deputy […]

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2 w. ago PTI proposes PPP boycott of federal budget to block government’s approval

Pakistan Tehreek-e-Insaf (PTI) has formally urged the Pakistan Peoples Party (PPP) to boycott the upcoming federal budget vote. This strategic move aims to increase pressure on the government and block the budget’s approval in the National Assembly. Senior PTI leader Asad Qaiser met with PPP’s Raja Pervez Ashraf at Parliament House to discuss a joint […]

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