Pakistan Announces Timelines for Federal Budget 2025-26

Jan 9

Budget 2025-26, Finance, Top stories

Pakistan Announces Timelines for Federal Budget 2025-26

Islamabad, January 9, 2025 – The Government of Pakistan has officially announced the timelines for presenting the federal budget for the fiscal year 2025-26. The Finance Division has issued a detailed budget circular outlining the roadmap for preparing and approving the upcoming budget, which is scheduled to be presented in the first week of June […]

by Mrs. Anjum Shahnawaz

Aurangzeb Announces Bold Move to Abolish 150,000 Vacant Jobs

Jan 7

Finance, National

Aurangzeb Announces Bold Move to Abolish 150,000 Vacant Jobs

Islamabad, January 7, 2025 – Finance Minister Muhammad Aurangzeb on Tuesday announced the government’s decision to abolish 150,000 vacant positions that are not on the payroll. This measure is aimed at improving efficiency within the federal government and cutting unnecessary expenditures.

by Mrs. Anjum Shahnawaz

Finance Ministry Optimistic for Progressive Economic Recovery

Nov 27

Finance, Top stories

Finance Ministry Optimistic for Progressive Economic Recovery

Islamabad, November 27, 2024 – The finance ministry has expressed optimism about Pakistan’s economic recovery, citing improvements in key sectors and a positive outlook for the coming months.

by Mrs. Anjum Shahnawaz

Pakistan Records Historic Budget Surplus After Decades of Deficits

Oct 31

Finance, Top stories

Pakistan Records Historic Budget Surplus After Decades of Deficits

Karachi, October 31, 2024 – In a landmark development, Pakistan has reported its first budget surplus in decades, marking a significant turnaround for the nation’s economic landscape. The surplus, recorded at 1.4% of the GDP for the first quarter (July-September) of the fiscal year 2024-25, reflects an amount of PKR 1.7 trillion. This achievement comes […]

by Shahnawaz Akhter

Government Imposes Penalties on Voluntary Retirement

Sep 12

National

Government Imposes Penalties on Voluntary Retirement

Islamabad, September 12, 2024 – The government has announced the imposition of penalties on voluntary retirement for federal employees, as per a notification issued by the Ministry of Finance.

by Mrs. Anjum Shahnawaz

Finance Division Issues Regulations for Special Family Pension

Sep 11

National

Finance Division Issues Regulations for Special Family Pension

Islamabad, September 11, 2024 – The Finance Division has introduced new regulations concerning the special family pension scheme, as part of reforms aimed at improving support for the families of deceased pensioners.

by Mrs. Anjum Shahnawaz

Provincial Tax to GDP Ratio Slips to 0.73%: Finance Ministry

Aug 1

Taxation, Top stories

Provincial Tax to GDP Ratio Slips to 0.73%: Finance Ministry

Karachi, August 1, 2024 – The federal finance ministry has reported a decline in the provincial tax to GDP ratio, which has slipped to 0.73% for the fiscal year 2023-24.

by Shahnawaz Akhter

Government Collects Rs 1.02 Trillion Petroleum Levy in FY24

Jul 31

Finance, Top stories

Government Collects Rs 1.02 Trillion Petroleum Levy in FY24

Karachi, July 31, 2024 – The Ministry of Finance announced on Wednesday that the government collected a staggering Rs 1.02 trillion as petroleum levy during the fiscal year 2023-24.

by Web Desk

Pakistan’s Economy Shows Signs of Stability in FY24: Report

Jul 30

Finance, Pakistan, Top stories

Pakistan’s Economy Shows Signs of Stability in FY24: Report

Islamabad, July 30, 2024 – The Pakistani economy is showing signs of stability as the fiscal year 2023-24 comes to a close, with declining inflation, a primary fiscal account surplus, a minimal current account deficit, and a stable exchange rate, according to the Finance Ministry’s report released on Tuesday.

by Mrs. Anjum Shahnawaz

President Approves Ad hoc Relief Allowance for Govt Employees

Jul 11

Exclusive, National

President Approves Ad hoc Relief Allowance for Govt Employees

Islamabad, July 11, 2024 – The President of Pakistan has sanctioned an Ad hoc Relief Allowance for government employees, effective from July 1, 2024. This initiative, announced by the Finance Division, will benefit federal government employees, including Armed Forces personnel, Civil Armed Forces, Civil Employees, and civilians paid from defense estimates, encompassing contingent paid staff […]

by Mrs. Anjum Shahnawaz