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The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [ 1 ] [ 2 ] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [ 3 ]
The budget included funding for a number of development initiatives to increase the nation's economic growth rate. The original outlays for the PDSP being estimated at Rs. 2.66 trillion for the development programme, which included a Rs 950 billion federal Public Sector Development Programme (PSDP), that was approved by the Annual Plan Coordination Committee (APCC). [5]
The national debt of Pakistan (Urdu: قومی قرضہ جاتِ پاکستان), or simply Pakistani debt, is the total public debt, [1] or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government.
The funds are the final tranche of a $3 billion last-gasp rescue package Pakistan had secured last summer, which averted a sovereign debt default. "The IMF team has reached a staff-level agreement ...
According to Indian strategic affairs specialist Sushant Sareen, Pakistan has doubled its national debt roughly every five years over the last 25-year period. Starting from a debt of ~ Rs. 3.06 trillion (US$11 billion) at the beginning of General Musharraf regime in 1999, the debt stood at ~ Rs.
The PSX Dividend 20 Index is a stock index acting as a benchmark to compare prices on the Pakistan Stock Exchange (PSX) over a period. PSX Dividend 20 Index benchmark top 20 dividend paying companies at PSX based on the last 12-month dividend yield. [1] [2] [3] [4]
Raja Pervaiz Ashraf (until 1 March 2024) Speaker of the National Assembly: Ayaz Sadiq (from 1 March 2024) 5 Yahya Afridi: Chief Justice of Pakistan: 6 Sikandar Sultan Raja: Chief Election Commissioner of Pakistan: 7 16th National Assembly of Pakistan (from 29 February 2024) [2] National Assembly: 8 16th Senate of Pakistan: Senate of Pakistan
The public debt/revenues ratio surged to 624%, and the interest payments/revenues ratio reached 42.6%, rendering Pakistan's public debt unsustainable. Concerns over external debt default emerged in 1996 and 1998, triggered by Western economic sanctions in response to Pakistan's nuclear tests in May 1998, causing massive capital flight.