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The Qur’anic Chronology of Creation

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Exploring the Qur’anic Chronology of Creation reveals a profound perspective on how our universe transformed from a single point into the complex world we live in today. While modern science focuses on the "how," the Qur’an describes creation in meaningful stages that highlight the purpose behind the heavens and the earth. This layered journey moves from the initial act of creation to the detailed shaping of the stars, planets, and life, finally culminating in the appearance of human beings. In this article, we break down these stages to show how the Qur’an presents a beautifully coherent and purposeful vision of the universe. 1. Chronology of Creation Allah Almighty says in Surah Fussilat: 9.  قُلْ أَئِنَّكُمْ لَتَكْفُرُونَ بِالَّذِي خَلَقَ الْأَرْضَ فِي يَوْمَيْنِ وَتَجْعَلُونَ لَهُۥ أَندَادًا ۚ ذَٰلِكَ رَبُّ الْعَالَمِينَ 10.  وَجَعَلَ فِيهَا رَوَاسِيَ مِنْ فَوْقِهَا وَبَارَكَ فِيهَا وَقَدَّرَ فِيهَا أَقْوَاتَهَا فِي أَرْبَعَةِ أَيَّامٍ سَوَىٰ لِلسَّائِلِينَ 11.  ثُمَ...

Federal Budget 2025–26 Highlights

In the Name of Allah---the Most Beneficent, the Most Merciful.

Here’s a detailed summary of Pakistan’s Federal Budget 2025–26, presented in the National Assembly on 10 June 2025 by Finance Minister Muhammad Aurangzeb:

Federal Revenue 21-25

1. Overall Fiscal Framework

  • Total outlay: ₨ 17.57 trillion (~US$62 billion), marking a 7 % reduction from last year’s ₨ 18.9 trillion (blog.taxationpk.comreuters.com).
  • Fiscal deficit: Targeted at 3.9 % of GDP (down from ~5.9 % last year), with a primary surplus goal of 2.4 % (arabnews.com).
  • GDP growth: Projected at 4.2 % (up from estimated 2.7 % in FY25) (brecorder.com).
  • Inflation projection: Expected at 7.5 % (brecorder.com).
GDP 21-25

2. Defence & Security

Defence Budget 21-25

3. Revenue & Taxation

  • Tax-to-GDP target: Set to 14 %, up from below 10 % (tribune.com.pk).
  • FBR revenue goal: ₨ 14.13 trillion (~+18.7 %) (brecorder.com).
  • Non-tax revenue projected at ₨ 5.15 trillion (brecorder.com).
  • Tax reforms:
    • Digitalization of FBR (e-invoicing, AI audits, faceless assessments) (tribune.com.pk).
    • Blocking fake refunds (₨ 9 billion) and fraud detection (₨ 13 billion) (tribune.com.pk).
TAX COLLECTION 21-25

4. Salaried Class & Tax Relief

  • Income tax cuts:
    • For annual income ₨ 600 k–₨ 1.2 m: tax rate halved from 5 % to 2.5 % (arabnews.com).
    • Income up to ₨ 2.2 m: reduced from 15 % to 11 %; ₨ 2.2–3.2 m: from 25 % to 23 % .
    • High earners: 1 % surcharge cut to reduce elite migration (arabnews.com).
Pensions 21-25

5. Debt Servicing & Interest Payments

  • Revenue spending:
    • Interest payments: ₨ 8.21 trillion (~47 % of total expenditure), down ~8 % YoY (arabnews.com).
    • Pensions: ₨ 1.05 trillion.
Interset Payments

6. Public Sector Development & Subsidies

  • PSDP allocation: ₨ 1 trillion, with ~₨ 328 billion for transport (arabnews.com).
  • Subsidies (energy, agriculture, etc.): ₨ 1.19 trillion .
  • Higher education: ₨ 39.5 billion to the Higher Education Commission .
  • Science & tech: ₨ 4.8 billion allocated (brecorder.com).
Sunsidy 21-25

7. Social Welfare & Human Capital

  • Benazir Income Support Programme: ₨ 716 billion (+21 %) (brecorder.com).
  • Health & IT:
    • Healthcare: ₨ 32 billion .
    • IT exports goal: US$25 billion over five years; remittances projected at US$38 billion (arabnews.com).

8. Sector-Specific & Structural Reforms

  • Agriculture & SMEs: Continued support with focus on SMEs and industrial growth .
  • Energy sector: Ongoing WAPDA restructuring; energy tariff adjustments persist (en.wikipedia.org).
  • Infrastructure: ₨ 328 billion of PSDP for transport; Cholistan Canal project continues (en.wikipedia.org).

Here is a visual chart of the Pakistan Federal Budget 2025–26 key sectoral allocations in PKR Billion.

Budget Allocations

9. Context & Drivers

  • IMF programme: Part of a broader recovery strategy under a US$7 billion IMF bailout; budget aligns with fiscal consolidation conditions (ft.com).
  • Regional security: Defence rise reflecting recent military confrontations with India (ft.com).
  • Market reaction: Mixed—some see positives in discipline and tech focus, others concerned by heavy defence bias and cuts in public services .

In Summary

Pakistan’s 2025–26 federal budget charts a course toward fiscal consolidation by cutting overall spending but sharply increasing defence outlays. It includes meaningful tax reforms, relief for the salaried middle class, and significant investment in infrastructure and social programmes—all framed within the constraints of IMF conditions and heightened geopolitical tensions.

Here is the Federal Budget 2025–26 of Pakistan summarized in tabular form for clarity:

CategoryDetails
Total Outlay₨ 17.57 trillion (↓ 7% from previous year)
Fiscal Deficit Target3.9% of GDP
Primary Surplus Target2.4% of GDP
Projected GDP Growth4.2%
Inflation Projection7.5%

Revenue & Taxation

ItemDetails
FBR Tax Revenue Target₨ 14.13 trillion (↑ 18.7%)
Non-Tax Revenue₨ 5.15 trillion
Tax-to-GDP RatioTargeted at 14%
Key Tax ReformsDigital FBR (e-audits, e-invoicing), fraud prevention (~₨ 22 billion saved)

Salaried Class Relief

Income RangeOld RateNew Rate
₨ 600,000 – 1.2 million5%2.5%
₨ up to 2.2 million15%11%
₨ 2.2 – 3.2 million25%23%
Super Tax on High-income surcharge1%0.5%

Major Expenditures

SectorAllocation
Defence₨ 2.55 trillion (↑ 18–20%)
Interest Payments₨ 8.21 trillion (↓ 8%)
Pensions₨ 1.05 trillion
Subsidies (energy, agri, etc.)₨ 1.19 trillion
Public Sector Development (PSDP)₨ 1 trillion (₨ 328B for transport)
Benazir Income Support (BISP)₨ 716 billion (↑ 21%)
Higher Education Commission₨ 39.5 billion
Healthcare₨ 32 billion
Science & Tech₨ 4.8 billion

Sectoral & Structural Reforms

Focus AreasDetails
Energy SectorWAPDA restructuring, tariff adjustments
Agriculture & SMEsEnhanced financing, productivity tools, rural income support
IT SectorUS$25 billion exports goal in 5 years; emphasis on digital economy
RemittancesProjected at US$38 billion

Contextual Factors

ItemDetails
IMF Program AlignmentPart of IMF-supported reform (US$7 billion bailout)
Regional SecurityDefence rise linked to recent Indo-Pak tensions
Market ReactionMixed: disciplined fiscal stance welcomed, concern over defence prioritization

Categories of Topics

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