46 h. ago Gold set for weekly gain as US tax cuts spark fiscal concerns

Gold prices edged higher on Friday, heading for a weekly gain, as the passage of U.S. President Donald Trump’s sweeping tax-cut and spending bill triggered new fiscal worries. Spot gold rose 0.1% to $3,329.67 per ounce in early trade, while U.S. gold futures slipped slightly by 0.1% to $3,339.30. The bill, which cleared Congress on […]

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3 d. ago Trump threatens to cut Tesla, SpaceX subsidies amid growing feud with musk

US President Donald Trump has escalated his feud with Elon Musk by threatening to end billions of dollars in federal subsidies for Musk’s companies Tesla and SpaceX. The conflict reignited after Musk criticized Trump’s recent tax-cut and spending bill, which aims to remove electric vehicle subsidies benefiting Tesla. Trump told reporters that Musk is upset […]

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4 d. ago New fiscal year brings heavy taxes, online business rules, and fuel levy hike

As the new fiscal year begins on July 1, Pakistan has officially enforced the 2025-26 budget after receiving presidential approval from Asif Ali Zardari. The budget introduces strict tax measures and financial changes that are expected to affect individuals and businesses across the country. The government has imposed Rs 389 billion in enforcement actions and […]

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9 d. ago Kundi praises Sindh govt for presenting people friendly Budget

Governor of Khyber Pakhtunkhwa Faisal Karim Kundi visited the office of Sindh Senior Minister Sharjeel Inam Memon in Karachi, where the senior minister Sharjeel Inam Memon received him warmly. During the meeting, various issues were discussed between the Governor KPK Faisal Karim Kundi and Sindh Senior Minister Sharjeel Inam Memon. Governor Faisal Karim Kundi lauded […]

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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 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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1 week ago CM Murad allocates Rs254 billion for Karachi, says amount may rise but not drop

KARACHI – Sindh Chief Minister Murad Ali Shah announced on Monday that Rs254 billion have been allocated for Karachi in the provincial budget, stressing that the amount may increase but will not be reduced under any circumstances. Speaking at the Sindh Assembly session, Murad Ali Shah defended the budget and responded to opposition criticism. He […]

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1 week ago Sindh goes digital: Vehicle inspections and fitness certificates to be issued online

Sindh’s Information Minister Sharjeel Inam Memon announced a major step toward digitization in the province’s transport sector. Speaking during the budget session of the Sindh Assembly, he revealed that vehicle inspections will now be carried out using modern technology, and digital fitness certificates with QR codes will be issued online. Previously, the entire province had […]

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1 week ago FBR extends deadline for taxpayers to integrate invoicing software

The Federal Board of Revenue (FBR) has extended the deadline for taxpayers to connect their invoicing and sales software with the FBR’s digital system. This move aims to help businesses comply with new reporting rules more smoothly. Corporate taxpayers now have until July 1, 2025, to complete the integration. Meanwhile, non-corporate taxpayers are given more […]

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1 week ago Sindh assembly debate highlights government achievements and opposition concerns

KARACHI: The Sindh Assembly continued its budget debate for the fifth consecutive day on Saturday, with a focus on the provincial government’s efforts to enhance public services and address key challenges across the province. The session, chaired by Deputy Speaker Anthony Naveed, saw various ministers outlining their departments’ performance and addressing concerns raised by the […]

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1 week ago Ghani highlights record allocation for Karachi in Sindh Budget

Sindh Local Government Minister Saeed Ghani has stated that in the Sindh government’s budget for 2025-26, of the total Rs

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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 Solar panels get cheaper in Pakistan after cut from 18pc sales tax to 10pc

ISLAMABAD – The solar panels have gotten cheaper in Pakistan after cut of 18 percent in sales tax to 10

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2 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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2 w. ago Sindh CM unveils bold budget plan, slams centre over withheld funds and project cuts

KARACHI – Sindh Chief Minister Murad Ali Shah laid out the province’s fiscal and development agenda during a post-budget press conference on Saturday, while sharply criticising the federal government for financial shortfalls. He revealed that Sindh was informed just a day before the budget announcement that Rs105 billion in expected federal funds would be withheld. […]

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3 w. ago PPP not to support federal budget if demands are not met: CM Sindh

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has threatened that PPP will not support the federal budget if their demands, including withdrawal of proposed 18 percent tax on solar panels, are not fulfilled by the Centre. Addressing his post-budget press conference in Karachi on Saturday, CM Murad Ali Shah said “Sindh is not a […]

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3 w. ago Sindh boosts education budget by 18%, prioritizes digital learning and student support

The Sindh government has allocated Rs613.36 billion for education in the 2025–26 budget. This is an 18% increase from last year’s Rs519 billion. The budget covers all education levels, from primary to university, and includes both development and non-development expenses. A major portion, Rs524.32 billion, will go toward non-development spending, like salaries and school operations. […]

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3 w. ago Sindh boosts law and order budget to Rs179.7 billion for 2025

The Sindh government has increased its law and order budget to Rs179.7 billion for the 2025-26 fiscal year. This marks a 4.5% rise from last year’s Rs172 billion. A large portion, Rs117 billion, is set aside for the police. The move reflects the government’s push to improve safety, especially in crime-hit areas like Karachi. The […]

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3 w. ago Sindh’s budget boost: Sales tax cut to 8%, new rules to help businesses thrive

The Sindh government has announced major tax reforms in its FY2025-26 budget to support businesses and boost revenue. It plans to reduce the sales tax on services from 10% to 8%, cutting it by 2%. This reduction aims to simplify the tax system and reduce the financial pressure on both businesses and consumers. In a […]

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3 w. ago Sindh CM unveils Rs3,450 billion budget with record development plans

Sindh Chief Minister Murad Ali Shah has presented a record Rs3,450 billion budget for the fiscal year 2025–26. He announced that the province plans to complete 1,460 development schemes this year, a significant jump from 603 last year. The chief minister emphasized that if the federal government releases full funds, the development budget may increase […]

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