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Tomorrow’s planning committee meeting will adopt the budget for the following year.

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While the new fiscal year’s budget is being planned, the Annual Plan Coordination Committee will meet on May 31 to discuss important matters related to the future fiscal plan.

The yearly macroeconomic plan and development program are being approved at this conference in an effort to set the stage for the nation’s economic agenda for the upcoming year.

For the Public Sector Development Programme (PSDP), the Ministry of Planning has created two proposals that detail the Rs. 2,441 billion in funding needed for 1,370 development projects. For 248 projects, the first proposal asks for Rs1,172 billion, while the second proposal requests Rs1,500 billion for 628 projects.

It was also addressed how to prioritize the completion of projects that are 80% complete when allocating Rs769 billion for projects that receive foreign money.

The coordination committee has suggested setting aside Rs 328 billion for ongoing projects and Rs 71 billion for new ones in an effort to fully address the nation’s development demands, according to sources in the Planning Ministry.

Furthermore Read: Sri Lankan rupee behind Pakistani rupee in Asia’s currency rankings

Additionally, the sources stated that an estimated Rs. 200 billion will be obtained through public-private partnerships, with the remaining Rs. 108 billion designated for non-specific projects.

The Ministry of Finance will distribute the development budget, giving priority to important areas for investment and considering the government’s financial capabilities. For the upcoming fiscal year, 3.7% GDP growth and 11.8% inflation targets have also been suggested.

The approval of the National Development Outlay was another topic covered at the conference, highlighting the government’s commitment to promoting development and economic growth in a number of industries.

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The total amount of Pakistan’s liquid foreign reserves is $15.95 billion.

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As of February 14, Pakistan’s total liquid foreign reserves were $15,947.9 million, with the State Bank of Pakistan’s (SBP) holdings being $11,201.5 million.

Official figures for the week ending February 14, 2025, show that the central bank’s liquid foreign exchange reserves rose by $35 million to $11,201.5 million.

Commercial banks maintained net foreign reserves of $4,746.4 million during the period under review, according to the breakdown of foreign reserves.

The nation’s total liquid foreign reserves as of the week ending February 07, 2025, were $15,862.6 million.

Of these, the central bank held $11,166.6 million in foreign reserves, while commercial banks kept $4,696 million in net reserves.

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In January 2025, RDA inflows reach 9.564 billion USD.

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Remittances under the Roshan Digital Account (RDA) increased from US $9.342 billion at the end of 2024 to US $9.564 billion by the end of January 2025.

The most recent data issued by the State Bank of Pakistan (SBP) revealed that remittance inflows in January totaled US$222 million, compared to US$203 million in December and US$186 million in November 2024.

Millions of Non-Resident Pakistanis (NRPs), including those who own a Non-Resident Pakistan Origin Card (POC), desire to engage in banking, payment, and investing activities in Pakistan using these accounts, which offer cutting-edge banking options.

Nearly 778,697 accounts were registered under the scheme by the end of January 2025, according to the data.

By the end of January, foreign-born Pakistanis had contributed US $59 million to Roshan Equity Investment, US $479 million to Naya Pakistan Certificates, and US $799 to Naya Pakistan Islamic Certificates.

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FBR lowers Karachi’s built-up structure property valuation rates

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A year-by-year breakdown of the depreciation value of residential and commercial built-up properties is included in the updated property valuation rates for Karachi that the FBR has announced.

The notification said that built-up structural values on residential property will be gradually reduced.

A residential home’s built-up structure, which is five to ten years old, will lose five percent of its worth.

In a similar vein, constructions between the ages of 10 and 15 will lose 7.5% of their value, while those between the ages of 15 and 25 would lose 10%. Built-up structures that are more than 25 years old will be valued similarly to an open plot.

Furthermore, age will also be used to lower the valuation of built-up properties, such as apartments and flats.

Structures that are five to ten years old will depreciate by ten percent, while those that are ten to twenty years old will depreciate by twenty percent. A 30% depreciation will be applied to properties that are 20 to 30 years old, while a 50% reduction will be applied to those that are above 30 years old.

In terms of commercial built-up properties, buildings that are 10 to 15 years old will lose 5% of their value, while those that are 15 to 25 years old will lose 8%. The value of properties that are more than 25 years old will drop by 10%.

In contrast, there would be a 15% boost in the value of commercial properties in the Defence Housing Authority (DHA) that face any Khayaban.

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