It’s a pro-IMF budget where the only target is to get loans and focus on their repayments. Only relaxation is given to the salary class as the inflation is sky rocketing.
Economy
Finance Minister began by cautioning that the country was going through an unprecedented period, which he described as “very difficult”.
ISLAMABAD: The federal cabinet today approved 9.502 trillion rupees new budget for the fiscal year 2022-23. The tax collection target…
Esther Perez, IMF’s Resident Representative, has emphasized the need for equitable treatment of all power sector stakeholders due to the limited fiscal space.
The budget deficit is expected to be Rs 4,282 billion while Rs 4,215 billion will be transferred from the federation to the provinces
ISLAMABAD: A day before the announcement of new budget for the fiscal year 2022-23, the coalition government highlighted the performance…
The Council asked the authorities concerned to distribute the Public Sector Development Program (PSDP) allocation of Rs800 billion at the federal level on the basis of 60:40 ratio of funds between the ongoing and new schemes respectively.
Finance leaders from the G7 (Group of Seven) industrial democracies last month pledged $9.5 billion in new funding, bringing their non-military support to nearly $20 billion.