Articles for tag: debt servicing, fiscal policy, FY27 budget, income tax, Pakistan economy, petroleum development levy, Senate, sherry rehman

Senators warn debt servicing is hollowing out FY27 budget as Rs8tr eats nearly half of federal spending

In a cross-bench Senate debate on the FY2026-27 finance bill, lawmakers said record interest payments and a widening reliance on the petroleum levy are crowding out development and welfare, even as the government touts salaried-class tax relief.