Pakistan's economic survey for FY24 reveals a moderate real GDP growth of 2.4%. The government has sought an IMF extended fund facility program. Key fiscal data includes a $0.2 billion current account deficit, a 4.5% fiscal deficit, and total revenue at 9.78 trillion rupees. The finance minister anticipates a current account surplus in May and a 30% increase in revenue collection. The FY25 budget projects a GDP growth of 3.6%, a fiscal deficit of 6.9% of GDP, and targets total tax revenue of 13 trillion rupees. Other measures include a 27% increase in cash handouts, 18% sales tax on mobile phones, and a 45% tax on capital gains for real estate non-filers.
Budget 2024-25: Major announcements for salaries, pensions Read More: https://t.co/RavknYMcZt #ARYNews #Budget2024_25 https://t.co/W9HDOxKjAl
⚠️ PAKISTAN BUDGET: FY24 FISCAL DEFICIT NOW SEEN AT 7.4% OF GDP
Pakistan sets fiscal deficit target of 6.9% of GDP in 2024/25 https://t.co/9szjNOeMt7 https://t.co/9cL0HhsIcn
⚠️ PAKISTAN FY25 BUDGET: FOREIGN LOAN AND REPAYMENT SEEN AT 5 TRLN RUPEES
⚠️ PAKISTAN FY25 BUDGET: TARGETS NET EXTERNAL RECEIPTS OF 666 BLN RUPEES
⚠️ PAKISTAN FY25 BUDGET: TARGETS PRIVATISATION PROCEEDS OF 30 BLN RUPEES
⚠️ PAKISTAN FINANCE MINISTER: TAX NON-FILERS TO BE TAXED 45% ON CAPITAL GAINS ON REAL ESTATE
⚠️ PAKISTAN FINANCE MINISTER: **TAX EXEMPTIONS AND CONCESSIONS TO BE REDUCED **TEXTILE AND LEATHER INDUSTRY SALES TAX TO BE INCREASED TO 18% **CAPITAL GAINS TAX ON REAL ESTATE TO BE INCREASED TO 15%
⚠️ PAKISTAN FINANCE MINISTER: **27% INCREASE IN CASH HANDOUTS TO 600 BLN RUPEES UNDER INCOME SUPPORT **SALES TAX ON MOBILE PHONES TO BE 18%
⚠️ PAKISTAN FY25 BUDGET: PENSION PAYMENTS SEEN AT 1 TRLN RUPEES
⚠️ PAKISTAN FY25 BUDGET: TARGETS TOTAL NON-TAX REVENUE OF 3.5 TRLN RUPEES
⚠️ PAKISTAN FY25 BUDGET: TARGETS TOTAL TAX REVENUE OF 13 TRLN RUPEES
🔴 Finance Minister Aurangzeb unveils federal budget for FY 2023-24 Live: https://t.co/94zTLWWjx9 #ARYNews #Budget2024_25 #FederalBudget #Pakistan https://t.co/vRXLw0qgM8
⚠️ PAKISTAN FY25 BUDGET: PRIMARY SURPLUS SEEN AT 1% OF GDP
⚠️ PAKISTAN FY25 BUDGET: FISCAL DEFICIT SEEN AT 6.9% OF GDP
⚠️ PAKISTAN FY25 BUDGET: PROJECTS GDP GROWTH AT 3.6%
⚠️ PAKISTAN FINANCE MINISTER: BROAD BASED TAX REGIME VERY NECESSARY
Watch Live Budget 2024-25: https://t.co/KQMcKvdrtw #ARYNews #Budget2024 https://t.co/2GMUwsTvfL
Budget 2024-25: Salaries increase in Pakistan from July Read More: https://t.co/YWZK3NTMF3 #ARYNews https://t.co/ILnQt4wf7q
Pakistan to present Rs18 trillion budget today Read More: https://t.co/Un5hrKqQTy #ARYNews https://t.co/gbzK7TJ9IG
⚠️ PAKISTAN TO UNVEIL BUDGET WITH EYE TO WINNING NEW IMF BAILOUT Full Story → https://t.co/FABAhCNF3q
Highlights of Economic Survey of Pakistan for 2023-24 https://t.co/80GWwnOcEe https://t.co/dYQ9ENUDLJ
⚠️ PAKISTAN FINANCE MINISTER: **WILL SEE SOME DEBT ROLLOVERS, SEE SOME COMMERCIAL BANK BORROWING COMING BACK **REPAYMENT SCHEDULE WILL BE SIMILAR TO FY24, DON'T SEE ANY ISSUES IN DEBT REPAYMENTS IN FY25 **VERY KEEN ON INAUGURAL PANDA BOND **WILL TAP CHINA CAPITAL MARKETS TO…
⚠️ PAKISTAN FINANCE MINISTER: MAY WILL BE ANOTHER MONTH SHOWING CURRENT ACCOUNT SURPLUS
⚠️ PAKISTAN FINANCE MINISTER: REVENUE COLLECTION HAS INCREASED BY 30%, IS UNPRECEDENTED
⚠️ PAKISTAN ECON SURVEY: PROLONGED INFLATIONARY IMPACT GRADUALLY FADING IN FY24
⚠️ PAKISTAN ECON SURVEY: TOTAL REVENUE AT 9.78 TRLN RUPEES IN JULY-MARCH FY24
⚠️ PAKISTAN ECON SURVEY: TOTAL PUBLIC DEBT AT END MARCH FY24 AT 67.53 TRLN RUPEES
⚠️ PAKISTAN ECON SURVEY: FISCAL DEFICIT AT 4.5% OF GDP IN JULY-APRIL FY24
⚠️ PAKISTAN ECON SURVEY: CURRENT ACCOUNT DEFICIT $0.2 BLN IN JULY-APRIL FY24
⚠️ PAKISTAN ECON SURVEY: REAL GDP GROWTH SEEN AT 2.4% IN FY24
Pakistan all set to present budget on June 12 #ARYNews https://t.co/4Dx01DAR8J
The biggest budget transmission expert analysis and insight. Watch Economic Survey on 11th June, Budget Transmission on 12th June and Post Budget Transmission on 13th June on #ARYNews #Budget2024_25 https://t.co/SEV4lDovjD
⚠️ PAKISTAN CENBANK: **REAL GDP GROWTH REMAINED MODERATE AT 2.4% IN FY24 **GOVERNMENT HAS APPROACHED THE IMF FOR AN EXTENDED FUND FACILITY PROGRAM **FUTURE MONETARY POLICY DECISIONS WILL REMAIN DATA-DRIVEN **FUTURE POLICY TO REMAIN RESPONSIVE TO EVOLVING DEVELOPMENTS RELATED…