ISLAMABAD: Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto telephoned Balochistan National Party-Mengal (BNP-M) chief Akhtar Mengal on Saturday and discussed the current political situation in the country. According to details, both the leaders agreed on a joint strategy for the next year’s fiscal budget. They also exchanged views on the 18th Constitutional Amendment and government’s … Read more
The Auditor General of Pakistan (AGP) has raised alarm over the nation’s deteriorating financial management, revealing that less than 4% of the Rs38.67 trillion budget is being allocated for socio-economic services. Dawn reported that the AGP’s annual audit report for the year 2023-24 points out that about 93% of supplementary grants, amounting to over Rs8 … Read more
ISLAMABAD: The federal government’s tax adjustments in the Budget 2024-25 have resulted in a decrease in net salaries for numerous employees across both public and private sectors, despite nominal pay raises. According to government officials, the changes in tax rates for salaried individuals have led to a situation where, even with salary increases, higher tax … Read more
An undated image of Adviser to KP Chief Minister on Finance Muzzammil Aslam. — Screengrab via Facebook/Muzzammil’s Desk/File Aslam laments slowed-paced clearance of dues by Centre. Difficult to mange surplus budget without electricity profit, he says. CM’s adviser calls for new NFC award, province’s share accordingly. PESHAWAR: A top Khyber Pakhtunkhwa government official warned Prime … Read more
BRASILIA: Brazil’s Finance Minister, Fernando Haddad, announced on Thursday a plan to freeze 15 billion reais ($2.70 billion) from the 2024 budget. This move comes as the government grapples with meeting its fiscal targets for the year, following market pressures to reduce spending after a recent decline in local asset values. Of the total amount … Read more
The ICC Champions Trophy. — AFP/File LAHORE: The International Cricket Council (ICC) has approved a budget of nearly $70 million for the 2025 Champions Trophy, which is scheduled to be held in Pakistan next year. The country is set to host the ICC Champions Trophy from February to March 2025. The ICC has sent the complete … Read more