Pakistan

Finance Minister Muhammad Aurangzeb on Tuesday unveiled Pakistan’s annual federal budget in a charged National Assembly session, outlining ambitious proposals to drive 4.2 per cent economic growth in the coming fiscal year while cutting back on overall spending and tightening tax measures. As the session — chaired by NA Speaker Sardar Ayaz Sadiq — commenced, opposition lawmakers erupted into anti-government slogans. Starting his speech, the finance minister said the budget 2025-26 was being presented at a “historic moment” marked by national unity and resolve, referencing the recent Pakistan-India conflict. “The spirit with which we protected our national sovereignty, we need to ensure our financial security the same way,” he maintained, continuing his speech through the noisy session. “Pakistan has now achieved economic stability and is moving towards a Pakistan that is prosperous.” View this post on Instagram Budget outlay The federal budget for fiscal year 2026 has a total outlay — the sum of expenditures ...

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ISLAMABAD: The Government of Pakistan has introduced a new digital tax law that mandates taxation on earnings generated from YouTube, social media platforms, and various online services, ARY News reported. According to reports, income derived from audio, video, and music streaming services will now be subject to tax, along with other digital sectors. The legislation […]

‘Pirates of the Caribbean’ star Orlando Bloom has opened up on a potential return to the franchise alongside Hollywood star Johnny Depp. To Read Lifestyle Stories in Urdu – Click Here While Depp has played Jack Sparrow in all five films, Bloom and Keira Knightley had starring roles in the first three films. The two […]

The provincial government on Tuesday said it has decided to implement strict rules to improve traffic flow and prohibit parking on Karachi’s I.I. Chundrigarh Road — often known as the city’s “Wall Street” — to tighten traffic regulation enforcement and improve road safety. Chief Minister Sindh Murad Ali Shah issued the instructions after receiving a briefing on traffic management in the metropolis, a statement issued by his spokesperson, Abdur Rasheed Channa, said. According to the statement, parking will be prohibited on I.I. Chundrigar Road, beginning from Shaheen Complex to the Merewether Tower. CM Shah also directed the authorities concerned to ban parking for all types of vehicles from Muhammad Bin Qasim Road to Dr Ziauddin Ahmed Road up to the S.M. Law College. I.I. Chundrigar Road, a major road in the city’s central business district, is often referred to as Karachi’s “Wall Street”. The road is a significant financial hub, serving as the location for the Pakistan Stock Exchange, major banks, and other ...

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Finance Minister Muhammad Aurangzeb presented the budget for fiscal year 2025-26 on the floor of the National Assembly on Tuesday amid a routine protest by the opposition. Pakistan’s budget for the upcoming year aims for GDP growth of 4.2 per cent and sets an ambitious tax collection target at Rs14,131 billion. Relief for the salaried class Most awaited among the rumoured announcements was some relief for the country’s much-burdened salaried class across all income slabs, according to the finance minister. “This relief will not only simplify the tax structure but will also ensure a balance between inflation and take-home pay by reducing the tax burden on middle-income earners,” he said. The minister also announced a 10pc increase in salaries to government employees from Grade-1 to Grade-22. Proposed changes in income tax: People earning Rs600,000-Rs1.2 million: tax reduced from five per cent to 2.5pc People earning Rs1.2m to be charged Rs6,000 instead of Rs30,000 People earning upto Rs2.2m: tax reduced to 11p...

Amount allocated for educational institutions in marginalised areas

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