The Pakistan Muslim League-Nawaz (PML-N) led coalition government is gearing up to unveil its highly anticipated budget for the fiscal year 2024-25. Scheduled for release later today, this budget poised to address critical economic challenges and steer the country towards financial stability.
Budget Expectations
With a total outlay of Rs18 trillion, the budget expected to prioritize key sectors such as agriculture, information technology, exports, and industrial growth. Measures aim at mitigating the hardships faced by the public, promoting business development, and supporting the IT sector’s expansion are anticipated.
Revenue Targets and Salary Adjustments
The government is eyeing a revenue collection target exceeding Rs.12 trillion for the fiscal year 2024-25, building on the positive revenue growth of the current fiscal year. Additionally, public sector employees can expect a salary increase of 10-15%, effective from July 2024, as part of the budgetary provisions.
Economic Survey Insights
The recently unveiled Economic Survey for 2023-24 highlighted Pakistan’s economic recovery, with notable GDP growth, agricultural advancements, and improved fiscal stability. The survey’s findings set an optimistic tone for the upcoming budget announcement, indicating progress and resilience in the face of economic challenges.
Strategic Priorities
The budget’s strategic priorities include enhancing economic productivity, fostering innovation and technological advancements, strengthening export competitiveness, and supporting business growth. These initiatives align with the government’s broader vision of sustainable economic development and prosperity for all citizens.
Stay tuned for more updates as Pakistan unveils its fiscal roadmap for the year ahead, outlining strategies to navigate global economic dynamics and secure a path towards robust growth and stability.
 led coalition government is gearing up to unveil its highly anticipated budget for the fiscal year 2024-25. Scheduled for release later today, this budget poised to address critical economic challenges and steer the country towards financial stability.){kind=link}