IANS
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June 26, 2024 10:56 PM
New Delhi, June 26 (IANS) Pakistani Finance Minister Muhammad Aurangzeb presented the country's 2024-25 annual federal budget amidst economic uncertainty on June 12. With a total of PKR 18.99 trillion ($ 67.84 billion), the government emphasized several reform measures aimed at meeting International Monetary Fund (IMF) conditions ahead of seeking a new bailout package. While key spending areas saw minor adjustments reflecting IMF directives and economic realities, there was a notable rise in defence spending, potentially diluting efforts to revive the economy in a piecemeal fashion.