Economy: Pakistan Federal Budget 2024-25 Budget in Balance, Reforms in Limbo – By Insight Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Finance Minister has presented the much -awaited federal budget, crucial for the approval of the new IMF program . The budget aligns broadly with the government's and IMF's stance on continued fiscal consolidation . However, there appears to be minimal effort in implementing unpopular reform measures to bring untaxed sectors into the tax net . Following IMF directives, the government has removed multiple tax exemptions . Similarly, non -filers came under scrutiny, with increased taxes on non -filers and measures to expand the filer base by imposing strict measures including travel restrictions .</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">From capital market perspective, we opine that the...