Author: none@none.com (Afshan Subohi)

The Business and Finance Weekly: Budget FY24 and Business Community Reactions The recently announced budget for fiscal year 2024 has sparked mixed reactions from the business community in Pakistan. The government, facing pressure to manage the country within means and contain the fiscal deficit as desired by the International Monetary Fund (IMF), has opted to mobilize higher revenues rather than reduce the budget size. This decision has led to a 25% increase in the budget size, totaling Rs18.8 trillion, with a revenue target of Rs12.9 trillion, a 46% increase from the previous year. However, the business community has expressed concerns…