Iran-US war adds to Pakistan's woes as middle class braces for Sharif govt's budget shock

Iran-US war adds to Pakistan's woes as middle class braces for Sharif govt's budget shock

The fresh budget is likely to hit the middle class and registered businesses as it seeks to raise revenue and cut spending while shielding the nation's poorest.

Pakistan budget, hit by Iran war and IMF, to squeeze middle class

ISLAMABAD: Pakistan’s government will propose a budget on Friday that hits the middle class and registered businesses as it seeks to raise revenue and cut spending while shielding the nation’s poorest, according to Reuters. Under pressure to meet austerity conditions from the International Monetary Fund, Finance Minister Muhammad Aurangzeb will submit a delayed 17.1-trillion-rupee ($61-billion) spending plan for the fiscal year starting next mon…