Author name: NEN News

ISLAMABAD — Women parliamentarians have praised the 2026-27 budget, describing it as balanced and aimed at providing relief during challenging economic times. They commended the government’s efforts to reduce the tax burden on the salaried class, highlighting a commitment to economic stability. Focus on Economic Stability The budget is designed to ensure stable growth and maintain overall economic stability. It addresses concerns in the current challenging financial environment, with parliamentarians acknowledging the government’s dedication to equitable resource distribution. Commitment to Sustainable Development Lawmakers emphasized that the budget’s provisions support ongoing sustainable development efforts. These measures are expected to boost confidence in the government’s economic policies, demonstrating a long-term vision for financial health.

ABBOTTABAD — The Federal Budget 2026-27 is garnering widespread praise for its strong emphasis on social welfare programs. Citizens from various regions commend this budget for its people-centric approach, highlighting the government’s dedication to supporting vulnerable groups in society. Benazir Income Support Programme (BISP) Expansion A crucial element of the budget is the substantial expansion of the Benazir Income Support Programme (BISP). This initiative aims to provide vital financial aid to low-income households. Amjad Ali, a senior citizen, noted the positive impact this expansion is expected to have on needy families nationwide. Warm Reception from the Public The public has enthusiastically received the social welfare focus of the budget. Many citizens express hope that these measures will provide tangible benefits, helping to address economic challenges faced by disadvantaged communities. Optimism is high that these initiatives will significantly aid low-income families in improving their economic stability and quality of life.

ISLAMABAD — In a slight gain on Friday, the Rupee appreciated against the US Dollar during interbank trading, closing at Rs 278.32, a marginal increase from its previous rate of Rs 278.35. Forex Market Update The Forex Association of Pakistan highlighted that the open market buying and selling rates for the US Dollar were Rs 278.45 and Rs 279.35, respectively. This steadiness reflects a stable day for currency traders. Currency Exchange Rates Euro and British Pound The State Bank of Pakistan reported an increase in the Euro by Rs 0.66, closing at Rs 321.96, up from Rs 321.30. Similarly, the British Pound rose by Rs 0.50, reaching Rs 372.93 compared to Rs 372.43 from the previous day. Other Currencies The Japanese Yen remained unchanged at Rs 1.73. The Emirate Dirham held steady at Rs 75.78. The Saudi Riyal saw a minimal decrease of 1 paisa, finishing at Rs 74.14.

ISLAMABAD — The Finance Minister recently chaired an important meeting of the Economic Coordination Committee (ECC). During this meeting, significant Technical Supplementary Grants (TSGs) were approved, marking a major advancement in managing Pakistan’s economic resources. Prime Minister’s Commendation Prime Minister Shehbaz Sharif commended the finance team’s effective efforts in crafting and presenting the federal budget. He highlighted the budget’s balanced, people-friendly, and development-oriented approach, showcasing the team’s dedication, expertise, and cooperation. Addressing Economic Challenges By approving the TSGs, the ECC demonstrates its commitment to tackling ongoing economic challenges. This initiative is part of a strategic plan to ensure continued economic growth and stability.

KARACHI — The Karachi Chamber of Commerce and Industry (KCCI) has praised several features of the federal budget for 2026-27. Key highlights include the Federal Board of Revenue’s (FBR) move towards automation, adjusted tax rates for salaried workers, and relief for construction and real estate sectors. FBR Automation Enhancements The KCCI commended the shift towards FBR automation, seeing it as crucial for enhancing transparency and efficiency in tax collection. This initiative aims to establish a streamlined tax administration process, benefiting businesses and individuals alike. Changes in Tax Rates Impact on Salaried Workers The KCCI welcomed the revisions in tax rates for salaried individuals as a positive step. These changes aim to reduce financial pressure on the salaried class and are expected to promote consumer spending. Boost for Construction and Real Estate KCCI also praised relief measures for the construction and real estate sectors. These initiatives are vital for spurring economic growth and bolstering key industries, likely to lead to increased investment and market activity.