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Finance Minister Unveils Rs17.5T Budget, Targets 4.1% Growth

6/12/2026

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Summary

Story summary

Finance Minister Muhammad Aurangzeb will present a Rs17.5 trillion ($61 billion) budget on Friday.
The IMF-linked plan targets Rs15.267 trillion in taxes and a 37% rise in collections, though only 1.3% of taxpayers filed.
It projects 4.1% GDP growth and 8.2% inflation, below May’s 11.7% inflation.
New taxes will mainly hit businesses and salaried workers.
Agriculture, retail and real estate stay untaxed as the bank raised rates by a percentage point in April.

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Story summary

Finance Minister Muhammad Aurangzeb will present a Rs17.5 trillion ($61 billion) budget on Friday.
The IMF-linked plan targets Rs15.267 trillion in taxes and a 37% rise in collections, though only 1.3% of taxpayers filed.
It projects 4.1% GDP growth and 8.2% inflation, below May’s 11.7% inflation.
New taxes will mainly hit businesses and salaried workers.
Agriculture, retail and real estate stay untaxed as the bank raised rates by a percentage point in April.