Govt debt soars to Rs 67.8 trillion
In May, Pakistan’s federal government debt surged to Rs67.8 trillion, representing one of the most significant monthly increases on record. The State Bank of Pakistan (SBP) reported this rise, noting that the debt grew by Rs1.73 trillion in just one month, equating to an average increase of Rs56 billion per
FY 24-25 budget expected on June 7
In response to IMF pressure, the Pakistan government is contemplating ending tax exemptions in the forthcoming FY budget.
President Zardari granted presidential immunity
An accountability court in Islamabad has granted presidential immunity to head of state Asif Ali Zardari in the Park Lane and Toshakhana references. Judge Nasir Javed Rana issued a written decision on Saturday, halting all proceedings against Zardari. According to the judgment, Zardari sought immunity under Article 248 (2) of
