budget

FBR seeks detailed proposals to phase out tax exemptions in Federal Budget FY25-26 Blogging Sole

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FBR seeks detailed proposals to phase out tax exemptions in Federal Budget FY25-26 Blogging Sole

The Federal Board of Revenue (FBR) has initiated consultations with key stakeholders to finalize proposals for the Federal Budget 2025-2026, focusing on phasing out tax exemptions, increasing revenue generation and rationalization of tax laws. In an official communication to business associations such as Federation of Pakistan Chambers of Commerce and Industry (FPCCI), American Business Council, … Read more

Putin approves Russia’s record defense spending budget as EU officials visit Kyiv Blogging Sole

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Russian President Vladimir Putin budget plans approved, bringing military spending for 2025 to record levels as Moscow seeks to assert itself in the war in Ukraine. About 32.5% of the budget published on a government website on Sunday was allocated to national defense, or 13.5 trillion rubles (more than $145 billion), compared to 28.3% this … Read more

IMF highlights flaws in budget formulation and execution Blogging Sole

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IMF highlights flaws in budget formulation and execution Blogging Sole

A pedestrian walks past the International Monetary Fund headquarters in Washington, DC. — AFP/File The IMF suggests strengthening the initial phase of budget preparation. The lender calls for the creation of stronger fiscal institutions. This requires strengthening revenue mobilization and administration. ISLAMABAD: The International Monetary Fund (IMF) has highlighted glaring flaws in Pakistan’s budget formulation … Read more