Pakistan, June 16 -- The Policy Research and Advisory Council (PRAC) has raised strong concerns about the Sindh government's new budget for 2025-26. The council criticized the budget for increasing the fiscal deficit, cutting support to local governments, and neglecting Karachi's development needs. This year's budget shows a deficit of Rs38.5 billion, compared to a balanced budget last year. Experts fear this deficit could lead to more borrowing and financial stress.

According to PRAC, Sindh's receipts are expected to rise by 17%, but its spending will grow even more-by 18.3%, reaching Rs3.45 trillion. PRAC Chairman Mohammad Younus Dagha appreciated the removal of five taxes, including the Professional Tax and Infrastructure Cess, callin...