The budget presented to the parliament on 11th June has negative implications for the dairy sector and would suck out around Rs5 billion from the industry by raising the sales tax in the industry to 17 per cent from 10 per cent. This would impact the poor people who will bear the tax burden.

Imran Khan's government is due to present its third budget of value Rs8 trillion for the upcoming Fiscal Year 2021-22 and here are the updates as they come.

The minister said the report predicted decline in the fiscal deficit from current 7.1 percent to 5.9 percent of the GDP during the next financial year.

As the PTI MNA Noor Alam Khan argued that Pakistan is a poor country, so why are the people(officers) of the government being given free electricity when people are dying due to excessive load shedding, Hammad Azhar replied about the progress made by PTI government in the sector.

The government of Pakistan has shared information showing growth in the yield of major crops in Pakistan like maize, wheat, sugarcane, rice, onions, and pulses. The data shows that in the current year the yield in all these crops saw a major positive change, which government attributes to the new agriculture policies.

The Minister said that the allocation for the federal development budget is Rs900 billion for 2021-22 against Rs650 billion for 2020-21, showing an increase of 38.5 percent YoY, while the provincial development budget is of Rs1.2 trillion for 2021-22 against Rs867 billion for 2020-21, an increase of 38.6 percent.

The magazine said," Even giants like the United States and India have had difficulty dealing with the coronavirus pandemic. Donald Trump, Dwayne Johnson, and Ellen DeGeneres have all been infected by this virus. In this situation, Pakistan has succeeded in reviving its economy."

According to Intel CEO Pat Gelsinger, the chip shortage will last beyond 2022 as demand far outstrips supply. Reportedly, 3.8 million fewer cars would be produced due to this reason.

The national assembly was informed by the government that Pakistan’s exports are up 13.4 percent to 21 billion dollars during the ten-month fiscal year 2021, from July 2020 to April 2021.

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Cryptocurrency has become one of the most discussed topics. However, due to scarce information, the investors become prime scam targets.

The increasing collection at the import stage(custom duty) and growing reliance on indirect taxes remained the two distinctive features of the FBR’s revenue performance in the first 10 months of the current fiscal year. It has led to higher prices for the poor people of the economy.