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The government has warned it may introduce a Rs500 billion mini-budget if parliament blocks legal reforms targeting economic enforcement. Finance Minister Muhammad Aurangzeb made the statement during a post-budget press conference, stressing that enforcement, not more taxes, is the only viable path forward. Ban on Transactions by Ineligible Persons Aurangzeb said enforcement hinges on banning …
Continue reading “Govt Warns of Rs500 Billion Mini-Budget Without Reforms”
ISLAMABAD: The International Monetary Fund (IMF) has advised Pakistan to present a mini-budget following a revenue shortfall of Rs385 billion recorded between July and December 2024, according to sources. Prime Minister rejected the IMF’s recommendation, instructing the Federal Board of Revenue (FBR) to address the deficit through alternative measures. The FBR has already shared a …
Continue reading “IMF Recommends Mini-Budget, Pakistan Opts for Alternative Measures”
ISLAMABAD: The Federal Board of Revenue (FBR) has denied rumors of introducing a mini budget this fiscal year. Hamid Ateeq Sarwar, FBR Member Inland Revenue (IR) Policy, confirmed there was no need for a mini budget starting from October 1. He assured that the FBR aims to collect Rs 2,600-2,700 billion in taxes from July …
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