Pakistan Budget for FY 2026-27

VCheng said:
Actually, the headline should read: "Budget relief limited by availability of actual resources".

Blaming others for one's own financial mismanagement, much of it intentional, is a total failure.
Click to expand...
This is narrative building when one is always in a Begging Bowl 🥣 mentality. This hasn't changed at all.
 

Budget FY26-27: President summons session on June 5​

  • The session is summoned following calls for sustainable economic reform
May 29, 2026
BR Web Desk

President Asif Ali Zardari has summoned the budget session for fiscal year 2026-27 of the Senate and National Assembly on June 5 (Friday), the President’s House said on Wednesday.

The NA session will be held at 5pm on Friday, while the Senate session will be held at 6pm on June 5.

The session has been convened under Article 54(1) of the Constitution.

Last week, the National Assembly Standing Committee on Finance and Revenue directed the Tax Policy Unit of the Ministry of Finance and the Federal Board of Revenue (FBR) that the federal budget (2026–27) must move beyond short-term stabilisation measures and instead serve as a platform for sustainable economic reform, fiscal transparency, improved governance and inclusive growth.
 
The Standing Committee on Finance and Revenue expressed serious concern about the continued reliance on indirect taxation and petroleum levies instead of sustainable tax-base expansion.

During the briefing, the Committee was informed that Pakistan remains on a “fragile stabilisation path” despite signs of gradual economic recovery.

GDP growth for FY2026–27 is projected between 3.5% and 4.5%, while inflation has once again entered double digits, reaching 10.9% year-on-year in April 2026.

Earlier, the Ministry of Finance dismissed reports that Prime Minister Shehbaz Sharif handed the budget-making process to Deputy Prime Minister Ishaq Dar, calling the claims “factually incorrect” and “misleading”.

The ministry said that the story, published in a local media outlet, “incorrectly portrays the constitution of a high-level review committee by the Prime Minister as a ‘handover’ of the budget-making process from the Finance Division or as a ‘sidelining’ of the finance minister”.

“This interpretation is factually incorrect, misleading and does not reflect the actual mandate or functioning of the committee,” it said.
 

Budget concerns​

Editorial
June 1, 2026

IT is ironic that a stable economy has done little to improve people’s lives. As the current PML-N government prepares its third federal budget, the macroeconomic indicators are much better than the emergency figures of 2022-23. The IMF programme is on track, primary surpluses have been recorded and the government has a defensible ‘economic management’ record to boast of.

And yet, citizens feel that the economy is going nowhere. Industries operate below capacity. Investment has stalled. Real wages have not recovered from years of inflation. Millions of young Pakistanis enter the labour market to find it cannot absorb them, and many are leaving the country for greener pastures abroad.

This is not a picture of an economy recovering but of one that has been stabilised into stagnation. Sadly, the contours of the next budget offer little hope that the government understands this.
 
You must log in or register to reply here.

Users who are viewing this thread

  • ... and 1 more.
    • Total: 14 (members: 2, guests: 12)

    Pakistan Defence Latest

    Country Watch Latest

    Latest Posts

    Share this page

    Back
    Top