Finance Minister Mujtaba Shuja ur Rehman presented the Rs5,335 billion provincial budget for the fiscal year 2025–26
This follows Saturday’s increase, when the gold price per tola rose by Rs1,500 to close at Rs363,000
The announcement was made by MPC.
The revised prices would take effect from June 16
According to the budget documents, the Khyber Pakhtunkhwa government expects to generate Rs129 billion as provincial revenue.
The pilot project would be launched in Lahore.
Traders attributed the surge to a $30 increase in global gold prices
The documents showed an estimated increase of Rs14 billion in both military and civilian pension
The May inflows pushed total remittances for the first eleven months of the current fiscal year (July–May FY2024-25) to $34.9 billion, a 28.8 percent rise from $27.1 billion during the same period in the previous fiscal year
This follows a sharp drop in domestic gold rates a day earlier, when the price per tola declined by Rs6,100 to close at Rs352,300
The KSE-30 Index also posted a massive gain, rising by 629 points.
The record transfers reflect both increased federal revenue collections and a continued commitment to resource devolution.
E-commerce businesses will be required to submit monthly transaction data and tax returns.
Prime Minister Shehbaz Sharif’s government allocated Rs2.55 trillion ($9 billion) for defence, up from Rs2.12 trillion in the current fiscal year.
Retired employees rejoining government service will be required to choose between receiving a pension or a salary
Aurangzeb presented the budget.
"This budget is being presented at a historic time when the nation showed unity and determination"
Acts that fall under the category of concealment or misrepresentation include hiding taxable income, making false claims for expenses that were not actually incurred
The budget would be tabled today.
Aurangzeb presented the economic survey.
Eidul Adha will be celebrated tomorrow.
The relief is expected to ease some pressure on households amid rising living costs.
Internationally, gold was recorded at $3,357 per ounce with no variation
He stated that the launch of double-decker buses is part of a comprehensive plan to improve the public transport system.
ADB Country Director for Pakistan, Emma Phan, noted that the country has made significant progress in stabilising its economy.
On the global front, gold prices also edged higher, with the per-ounce rate climbing by $10 to settle at $3,357
Under the proposed framework, government-notified fuel prices will apply exclusively to digital payments
The redesigned notes showcase the country’s natural landscapes and historical landmarks
