Tag: Budget

Punjab Budget 2025-26 | Govt Approves Hike in Salaries

Amir Hamza Shaukat
Punjab Budget 2025-26 | Govt Approves Hike in Salaries

Punjab Budget 2025-26, government has approved a 10% salary increase for government employees and a 5% pension raise for retired personnel in the fiscal year 2025-26. The government has allocated Rs. 171.7 billion for foreign-funded projects, approved 5.9 percent increase in the volume of ongoing expenditure, the volume of ongoing expenditure was kept at Rs. 2,026.7 billion. The government has also approved 47.2 percent increase in development budget by allocating Rs. 1,240 billion. The Punjab government has increased allocation in education sector by allocating Rs. 811.8 billion, showing increase in…

Budget 2025-26 | Govt sets 4.2% Growth Target

Amir Hamza Shaukat
Budget 2025-26 | Govt sets 4.2% Growth Target

In Budget 2025-26 the government has set Pakistan’s economic growth target at 4.2% for the upcoming fiscal year. As a component of wider macroeconomic strategy, the inflation rate is set to be capped at 7.5%, reflecting a prudent yet hopeful stance on fiscal management in the face of both domestic and global economic pressures. For the industrial sector, a growth rate of 4.3% is proposed. Within this, large-scale manufacturing is expected to grow by 3.5%. In the services sector, the overall growth target has been set at 4% for FY2025-26…

Faisal Vawda Demands for Increased Defence Budget and Salary Boost for Armed Forces

Amir Hamza Shaukat
Faisal Vawda Demands for Increased Defence Budget and Salary Boost for Armed Forces

Senator Faisal Vawda on Thursday proposed reducing the development budget and increasing the defence budget. While speaking during a Senate session, Senator Vawda said that “we will have to tighten our belts and increase the defence budget; instead of focusing on development projects, our attention must now shift toward defence.” He added that “we are in safe hands and the nation is united — now the question is how to double or triple the budget.” Also Read: “This is no longer the time to talk about development. We must now…

Budget 2023-2024 | Important Points Came Out

Amir Hamza Shaukat
Man preparing budget

The Budget 2023-2024 for the fiscal deficit of more than six thousand and a half billion will be presented tomorrow, it is proposed to increase the salaries by twenty percent and the pensions by fifteen percent. New taxes will be levied on more than Rs.100,000, levy rate on petroleum products is likely to be increased further According to the sources of the Ministry of Finance, the next budget has been prepared with a financial deficit of 7.7% of the GDP, the country’s income in the next financial year is estimated…