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FinMin Aurangzeb Presents Federal Budget for 2025-26 Fiscal Year
- On June 11, 2025, Finance Minister Muhammad Aurangzeb unveiled Pakistan’s budget for the 2025-2026 financial year during a session of the National Assembly, highlighting the timing amid recent tensions between Pakistan and India.
- The budget was framed under IMF program constraints, focusing on fiscal discipline and economic stability without major structural reforms, according to experts and economists.
- The budget proposes a Rs17.573 trillion outlay with a 4.2% growth target, a Rs2.55 trillion defence allocation, a 10% civil servant salary increase, and tariff rationalisation over five years.
- Aurangzeb highlighted economic gains including 2.7% GDP growth, 4.7% inflation, $31.2 billion remittances, lower debt-to-GDP ratio below 70%, and use of AI for tax compliance, while critics called the budget fiscal handcuffing.
- The budget’s implication suggests limited stimulus or transformation, with emphasis on maintaining fiscal austerity, increasing tax net size, and reliance on IMF support to exit economic stagnation and inequality.
28 Articles
28 Articles
Pakistan unveils five-year tariff reform plan, warns of additional
KARACHI: Pakistan plans to cut its overall tariff regime by more than 4% over the next five years, part of sweeping reforms aimed at boosting exports and shifting the country towards an export-led growth model, Finance Minister Muhammad Aurangzeb said on Wednesday. At a post-budget press conference in Islamabad, Aurangzeb outlined details of the proposed tariff
FinMin Aurangzeb presents Federal Budget for 2025-26 fiscal year
Finance Minister Muhammad Aurangzeb is presenting the federal budget for fiscal year 2025-26, emphasising the government's focus on economic stability and growth. In his budget speech in the National Assembly, Aurangzeb outlined key economic achievements, saying that remittances have reached $31.2 billion, with projections to rise to $37-38 billion by the end of the fiscal year. The country’s economic growth stands at 2.7%, and inflation has dec…
A Budget That Shies Away from Bold Reform - Republic Policy
Editorial Finance Minister Mohammad Aurangzeb on Tuesday presented a Rs 17.573 trillion federal budget for FY 2025–2026, projecting total revenue receipts of Rs 19.278 trillion. Of this, Rs 8.206 trillion will go to the provinces under the NFC Award, while the Federal Board of Revenue (FBR) has been tasked with collecting Rs 14.131 trillion. An additional Rs 5.147 trillion is expected from non-tax revenue sources. The government appears to have …
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