US EditionGovt Approves Rs1tr Uplift Budget
- The federal government sanctioned a development budget of Rs1 trillion for the fiscal year 2025-26 during a key planning session held in Islamabad.
- This decision responds to shrinking fiscal space caused by high inflation, past borrowing, and loan repayments consuming 55% of spending, aligning with IMF fiscal discipline demands.
- The budget allocates Rs120 billion to upgrade the N-25 Highway into an expressway and Rs880 billion to infrastructure projects in energy, water, and transport sectors, while cutting nearly all other sectors.
- Over 118 projects worth Rs1,000 billion face freeze or closure to save resources, as Minister Ahsan Iqbal emphasized, stating tax reform is a top priority to improve debt sustainability and growth.
- The approved budget prioritizes strategic, near-completion projects but may compromise future economic growth without substantial revenue increases, with the government targeting 4.2% GDP growth and $35 billion in exports.
11 Articles
11 Articles
Govt approves Rs1tr uplift budget
The government on Monday approved a Rs1 trillion federal development budget and set the economic growth target at 4.2% for the next fiscal year, as Planning Minister Ahsan Iqbal said that the development budget cuts could compromise economic growth and delay strategic projects. The Annual Plan Coordination Committee (APCC) approved a record Rs4.1 trillion national development outlay, primarily backed by a Rs2.8 trillion financing envelope from t…
NEC approves Rs1,000 bln development outlay for budget 2025–26
In a high-level meeting chaired by Prime Minister Shehbaz Sharif, the National Economic Council (NEC) has approved a Rs1,000 billion development budget for the upcoming fiscal year, Budget 2025–26, ARY News reported. According to reports, the NEC meeting was attended by the chief ministers of all four provinces along with representatives from the federal government. During the session, several key economic decisions were finalised, including the…
PM calls ECC meeting on June 5 to approve budget targets
Islamabad: Prime Minister Shehbaz Sharif has called a meeting of the Economic Coordination Committee (ECC) on Thursday, June 5. The PM will chair the huddle of the ECC as the preparation of the federal budget for financial year 2025-2026 has entered into final phase. The meeting will approve the targets of the budget whereas the huddle will review the targets of the National Development Plan,Public Sector Development Programme (PSDP) and the mac…
CM Sarfraz Bugti Chairs Balochistan Budget 2025-26 PSDP Meeting
News Desk: Chief Minister Balochistan, Mir Sarfraz Bugti, chaired a crucial meeting on Tuesday at the Chief Minister’s Secretariat Quetta to review the preparation of the Balochistan Budget 2025–26 and the Public Sector Development Programme (PSDP). The meeting brought together provincial ministers and parliamentary leaders of allied parties, who held detailed discussions on development priorities, the efficient use of financial resources, and p…
Pakistan Cut Federal PSDP Spending Target by 28% For Next Year
Islamabad June 3 2025: Pakistan set PKR 1,000 billion target for the federal PSDP, including PKR 270 billion in foreign aid for fiscal year 2025-26 compared to PKR 1,400 billion set for previous year. Federal Minister for Planning, Development and Special Initiatives, Prof. Ahsan Iqbal, announced that the proposed PSDP has been restructured in line with core principles of sustainability, impact, and equity. The Finance Division, after consultati…
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