#etribune #budget2024 #pakistanbudget #muhammadaurangzeb #shehbazsharif #EconomicGrowth #FiscalReform #TaxEnforcement #nationalassembly
The National Assembly of Pakistan approved an ambitious Rs18,877 billion budget for the fiscal year 2024-25. The budget, termed by Finance Minister Muhammad Aurangzaib as a "growth budget," aims to reduce the fiscal deficit through expanded government revenues and reduced expenditures. Despite this, the opposition has labeled the budget as IMF-driven and potentially detrimental to the public.
The government plans to continue promoting macroeconomic stability, with a special focus on increasing the tax-to-GDP ratio and implementing structural reforms in the Federal Board of Revenue (FBR).
This budget also introduces the establishment of a Tax Fraud Investigation Wing to combat tax evasion, particularly targeting the retail and real estate sectors. Noteworthy is the continued exemption of taxes on essential health and educational products, despite economic constraints.
However, opposition leaders criticize the budget’s formulation process, claiming it lacks comprehensive stakeholder engagement and fails to reflect the economic realities and aspirations of the Pakistani people.
Keep up with the day's top news stories with The Express Tribune's YouTube Channel. The Express Tribune is Pakistan's #1 brand for breaking news in politics, sports, business, lifestyle and more. Proud partner of the New York Times.
Our mission is to defend the liberal values and egalitarian traditions we believe in, and which deserve to be upheld in writing that is both informative and insightful.
Official website: [ Ссылка ]
Follow us on Facebook: [ Ссылка ]
Follow us on Twitter: [ Ссылка ]
Follow us on Instagram: [ Ссылка ]
Follow us on Tiktok: [ Ссылка ]
Join our Whatsapp Channel: [ Ссылка ]
Pakistan News | Breaking News | Latest News | News Headlines | eTribune | Express Tribune News | News Channel | Live News | Breaking News | Pakistan Breaking News | Breaking News Today | Headlines News | News Updates | Tribune news | Express Tribune | Tribune Headlines | World News | International News | Pakistan budget 2024-25 | National Assembly | Budget 2024 - 25 | Muhammad Aurangzaib | Shehbaz Sharif
