As per the sources, today Ali Pervez Malik, the Minister of State for Finance, will travel to Quetta to inform the Balochistani administration about the budget measures.
The PM of Azad Kashmir and the chief minister of Gilgit-Baltistan, together with parliamentary parties like the PPP and MQM, have reportedly concluded their deliberations, according to sources.
The sources stated that all four chief ministers have received invitations to the National Economic Council meeting, where they would receive briefings on the policies and goals of the budget.
Additional sources stated that the government will request parliamentary party agreement for the budget and that Chief Minister KP Ali Amin Gandapur will be invited to the meeting.
Now expected to be presented on June 12, the budget 2024–25 was originally slated to be unveiled on June 10.
Sources stated that following the council meeting on June 10, the Pakistan Economic Survey 2023–24 will be delivered on June 11.
Probably by June 26th, the Senate will approve the government budget for 2024–2025. According to the IMF’s request, the Pakistani government is expected to remove tax exemptions in the FY2024–2025 budget.
Phase-wise elimination of sales and income tax exemptions is anticipated in Pakistan, according to budget proposals for 2024–2025.
Additionally, tractors and insecticides may see price increases as a result of the government’s proposed sales tax. These are necessary agricultural supplies.
