The Truth International | Latest News Pakistan | Global News https://thetruthinternational.com/ An English language fortnightly magazine, covers politics, international relations, economy, investigative reports, sports, society, and entertainment Fri, 18 Aug 2023 07:16:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://thetruthinternational.com/wp-content/uploads/2020/09/cropped-sitesign-32x32.png The Truth International | Latest News Pakistan | Global News https://thetruthinternational.com/ 32 32 FY23 Concludes with 7.7% Deficit, Contrary to PDM’s Stated 7% Claim https://thetruthinternational.com/economy/fy23-concludes-with-7-7-deficit-contrary-to-pdms-stated-7-claim/ Fri, 18 Aug 2023 07:15:57 +0000 https://thetruthinternational.com/?p=68105 ISLAMABAD: At the end of the fiscal year on June 30, the previous PDM government departed with a substantial fiscal deficit, which represents the variance between income and expenditure. This deficit stood at 7.7% of the gross domestic product (GDP), a notable increase from its earlier assertion of 7%, as reported in official records. The […]

The post FY23 Concludes with 7.7% Deficit, Contrary to PDM’s Stated 7% Claim appeared first on The Truth International.

]]> Tax regime for smartphones remains unchanged in the 2023-24 budget https://thetruthinternational.com/economy/tax-regime-for-smartphones-remains-unchanged-in-the-2023-24-budget/ Sat, 10 Jun 2023 16:02:51 +0000 https://thetruthinternational.com/?p=62291 Tax regime for smartphones ISLAMABAD: The federal government did not change the existing tax regime for smartphones in the next budget for 2023-24, starting from July 1, 2023. Taxes and duties on imported and locally-produced smartphones, etc., will remain the same. It means the prices of locally-made and imported mobile phones would remain the same. […]

The post Tax regime for smartphones remains unchanged in the 2023-24 budget appeared first on The Truth International.

]]> Ishaq Dar on a collision course with IMF, blames it for ‘political instability’ in Pakistan https://thetruthinternational.com/economy/ishaq-dar-on-a-collision-course-with-imf-blames-it-for-political-instability-in-pakistan/ Sat, 10 Jun 2023 14:26:14 +0000 https://thetruthinternational.com/?p=62289 Ishaq Dar on a collision course with IMF ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar seems to be on a collision course with the International Monetary Fund. He also blamed the IMF for the ongoing political instability in Pakistan. Dar said, “The IMF is one of the main contributors and it is part of political […]

The post Ishaq Dar on a collision course with IMF, blames it for ‘political instability’ in Pakistan appeared first on The Truth International.

]]> Sindh govt announces Rs2.2 trillion budget with 35% raise in pay and 17.5% in pension https://thetruthinternational.com/economy/sindh-govt-announces-rs3-3-trillion-budget-with-35-raise-in-pay-and-17-5-in-pension/ Sat, 10 Jun 2023 12:25:19 +0000 https://thetruthinternational.com/?p=62285 Sindh Govt announces Rs 2.2 trillion budget KARACHI: Following the strategy of the federal government, Sindh government also announced up to 35 percent raise in salary and 17.5 percent increase in pension in 2023-24. Sindh government employees from grades 1-16 will get 35 percent pay raise, officers in grades 17-22 will get 30 percent increase […]

The post Sindh govt announces Rs2.2 trillion budget with 35% raise in pay and 17.5% in pension appeared first on The Truth International.

]]> New tax measures to generate Rs900 billion additional revenue in 2023-24 https://thetruthinternational.com/economy/new-tax-measures-to-generate-rs900-billion-additional-revenue-in-2023-24/ Sat, 10 Jun 2023 11:11:51 +0000 https://thetruthinternational.com/?p=62283 New Tax Measures ISLAMABAD: The federal government has proposed some new tax measures in the budget which will generate around 900 billion rupees in additional revenue in 2023-24. The federal government has announced 223 billion rupees in new tax measures for 2023-24. In Feb 2023, the government imposed 170 billion rupees in taxes through the […]

The post New tax measures to generate Rs900 billion additional revenue in 2023-24 appeared first on The Truth International.

]]> Govt takes key decisions to achieve 3.5% growth by boosting various sectors in 2023-24 https://thetruthinternational.com/economy/govt-takes-key-decisions-to-achieve-3-5-growth-by-boosting-various-sectors-in-2023-24/ Sat, 10 Jun 2023 08:37:06 +0000 https://thetruthinternational.com/?p=62280 Govt takes key decisions ISLAMABAD: In the new budget for the fiscal year 2023-24, the federal government has proposed several measures to boost growth in different sectors with the aim to achieve the target of 3.5% economic growth. AGRICULTURE As the agriculture sector is the backbone of the country’s economy the government has raised the […]

The post Govt takes key decisions to achieve 3.5% growth by boosting various sectors in 2023-24 appeared first on The Truth International.

]]> New Budget fulfills the expectations of IMF, says Miftah Ismail https://thetruthinternational.com/economy/new-budget-fulfills-the-expectations-of-imf-says-miftah-ismail/ Sat, 10 Jun 2023 04:54:21 +0000 https://thetruthinternational.com/?p=62276 New Budget fulfills the expectations of the IMF ISLAMABAD: Former PML-N finance minister Miftah Ismail the 2023-24 budget is in line with the International Monetary Fund’s (IMF) demands. He said that the budget is not very expansionary. Miftah Ismail stated this in a budget transmission of a TV channel. Miftah said the IMF demanded a […]

The post New Budget fulfills the expectations of IMF, says Miftah Ismail appeared first on The Truth International.

]]> Govt increases defense budget by Rs 281 billion for FY2023-24 https://thetruthinternational.com/economy/govt-increases-defense-budget-by-rs-281-billion-for-fy2023-24/ Sat, 10 Jun 2023 04:15:17 +0000 https://thetruthinternational.com/?p=62272 Govt increases defense budget by Rs 281 billion for FY2023-24 ISLAMABAD: The federal government has increased the defense budget by Rs 281 billion in the new budget for the year 2023-24. The total defense budget proposed in the new budget is Rs 1804 billion, up by Rs 281 billion when compared with the current fiscal […]

The post Govt increases defense budget by Rs 281 billion for FY2023-24 appeared first on The Truth International.

]]> Cabinet okays Rs 14.46 trillion budget with up to 35% increase in pay and 17.5% in pension of govt employees https://thetruthinternational.com/economy/cabinet-okays-rs-14-5-trillion-budget-with-20-increase-in-pay-and-pension-of-govt-employees/ Fri, 09 Jun 2023 12:02:21 +0000 https://thetruthinternational.com/?p=62263 Cabinet okays Rs 14.46 trillion budget ISLAMABAD: The federal cabinet today approved the new budget for the fiscal year 2023-24 involving around Rs 14.46 trillion outlay along with up to 35 percent increase in pay and 17.5 percent pension of government employees. The cabinet approved a 35 percent pay raise for grade 1-16 employees and […]

The post Cabinet okays Rs 14.46 trillion budget with up to 35% increase in pay and 17.5% in pension of govt employees appeared first on The Truth International.

]]> Ishaq Dar to present budget in NA at 4pm today after its approval from the federal cabinet https://thetruthinternational.com/economy/ishaq-dar-to-present-budget-in-na-at-4pm-today-after-its-approval-from-the-federal-cabinet/ Fri, 09 Jun 2023 08:03:36 +0000 https://thetruthinternational.com/?p=62255 ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar is presenting the new budget for 2023-24 in the National Assembly at 4pm today. Dar will unveil the budget in the Parliament soon after its approval from the federal cabinet which is holding its meeting at 3pm today. The development spending is expected around Rs1.15 trillion while economic […]

The post Ishaq Dar to present budget in NA at 4pm today after its approval from the federal cabinet appeared first on The Truth International.

]]> Salient features of 2023-24 budget: Govt targets 3.5% growth in new budget with Rs14.6 trillion expenditures https://thetruthinternational.com/economy/salient-features-of-2023-24-budget-govt-targets-3-5-growth-in-new-budget-with-rs14-6-trillion-expenditures/ Fri, 09 Jun 2023 06:29:13 +0000 https://thetruthinternational.com/?p=62249 ISLAMABAD: In the new budget for 2023-24, the federal government has projected 3.5 percent GDP growing against 0.29 percent in the outgoing fiscal year. Total expenditures are estimated at Rs 14.6 trillion. The budget appears a tough task for the coalition government as it would have strike a delicate balance between voters’ friendly budgetary measures […]

The post Salient features of 2023-24 budget: Govt targets 3.5% growth in new budget with Rs14.6 trillion expenditures appeared first on The Truth International.

]]> FM Dar presenting Rs 14.7 trillion budget for FY23-24 in the national assembly today https://thetruthinternational.com/economy/fm-dar-presenting-rs-14-7-trillion-budget-for-fy23-24-in-the-national-assembly-today/ Fri, 09 Jun 2023 05:53:23 +0000 https://thetruthinternational.com/?p=62245 FM Dar presenting Rs 14.7 trillion budget ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar is presenting Rs 14.7 trillion new budget in the National Assembly for the fiscal year 2023-24. In the new budget, the government has projected fiscal deficit around 7 percent of the GDP. Meanwhile, the government set the Federal Board of Revenue […]

The post FM Dar presenting Rs 14.7 trillion budget for FY23-24 in the national assembly today appeared first on The Truth International.

]]>