[ad_1] Pakistan's federal budget faces an existential threat, not from external shocks alone, but from the catastrophic financial hemorrhage of various state-owned enterprises (SOEs). These entities incurred losses of Rs851 billion during FY24, and total SOE losses now exceed Rs5.8 trillion, or about one-third of the recently passed Rs17.5 trillion federal budget. SOE bailouts cost … Read more
[ad_1] As Pakistan's economic managers scramble to plug widening fiscal gaps and meet IMF benchmarks, the weight of their decisions continues to fall squarely on those least able to bear it. The latest move — a 50% increase in fixed charges on residential gas bills — is yet another blow to already struggling households. Without changing the … Read more
[ad_1] Listen to article KARACHI: Representatives of the Salaried Class Alliance Pakistan have raised serious concerns over the proposed Finance Bill 2025-26, calling it unfair to the country’s most tax-compliant group. Speaking at a press conference at the Karachi Press Club on Thursday, alliance members Bilal Farooq Alvi, Rizwan Hussain, Adeel Khan, and Lesha Fazal said salaried … Read more