The reserves could see a further drop in next two months due to debt servicing in the first quarter of FY25, SBP says.

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The projection is based on a significant rise in the petroleum development levy.

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P@SHA chairman says govt completely overlooked the IT industry’s budgetary proposals despite repeated assurances.

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Rs109bn allocated for free medicines and health insurance. in Punjab budget.

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Sources say that the assemblers of these vehicles were surprised to receive this GST shock on locally produced vehicles in the budget.

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Decision will also make surgeries, equipment more expensive.

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PTBA president labels the budget FY25 as counterproductive to economic activities and obstructive to business.

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Experts say Finance Minister Muh­a­mmad Aurangzeb said nothing about tackling poverty in his budget speech.

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Almost half of annual development plan allocated for ongoing schemes in Punjab budget.

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Punjab budget focuses on development while laptop scheme and Kissan cards introduced.

No new taxes proposed for agriculture and real estate sectors.

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Price of high-speed diesel expected to be cut by Rs5 per litre as global rates decline.

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The KSE-100 index gained 1,097.12 points, or 1.44 per cent, to stand at 77,305.28 at 11:04am from the previous close of 76,208.16.

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“The government now needs to hold its nerve and push through with implementation and enforcement,” Raza Jafri, chief executive of EFG Hermes Pakistan, stressed.

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Aurangzeb said: “Our basic principles while framing this budget are to expand the tax base. This sub-10pc tax-to-GDP ratio is simply not sustainable.'

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A contractionary budget during an economic crisis results in tighter belts all around. How will the budget impact your household expenditure in the coming year?

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Set at 15.3pc of PSDP.
Around 8pc of govt running costs set aside for climate impacts.

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Shift to basing advance tax on value of cars, rather than engine capacity, could alter pricing strategies.

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Targets marks 47.4pc increase from last year's goal.

Rs28bn expected to be collected from the levy on crude oil.

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Pun­jab’s share will be Rs3.69tr, followed by Sindh at Rs1.85tr.

Balo­c­histan's share projected to be Rs667.55bn while KP to get Rs1.22tr.

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Wapda, KE, Pepco to get Rs1.19tr in subsidies, up from Rs548bn in outgoing fiscal year.

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