Pakistan's Budget 2025-26 Under Fire: Public Outcry and Expert Analysis

Pakistan's Budget 2025-26 Faces Criticism: Former Finance Minister Asad Umar Speaks Out Pakistan's recently unveiled budget for 2025-26 has sparked immediate controversy, with prominent figures voicing strong criticism. Former Finance Minister Asad Umar, in a recent interview on Aaj News, leveled harsh criticism against the government's fiscal plan. The interview, part of Aaj News's 'News Insight' program, focused on the potential negative impacts of the budget on the Pakistani economy and its citizens. "The budget has been rejected by the people," Umar stated, highlighting public discontent. He went on to express specific concerns about the tax implications, particularly for the real estate sector. Umar argued that certain tax reductions, while seemingly beneficial, could inadvertently lead to market stagnation and hinder economic growth. He also emphasized the importance of addressing the issue of untaxed income in the real estate sector. The program also discussed the rising petroleum levy, a point of contention among many Pakistanis. The contrast between falling global oil prices and the increased levy in Pakistan is a significant concern. The discussion underscored the need for a more inclusive and economically sound budget that considers the needs of the average citizen. The interview on Aaj News provides valuable insight into the ongoing debate surrounding Pakistan's budget, highlighting concerns about its effectiveness and potential long-term consequences. The discussion underscores the importance of transparent and responsible fiscal planning in a developing nation.