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PM says all decisions taken in national interest in NEC meeting, praises CMs' cooperation in budget-making
- On Wednesday, Prime Minister Shehbaz Sharif chaired the National Economic Council in Islamabad, approving a Rs3.66 trillion national development budget and setting a 4% GDP growth target for the next fiscal year.
- Federal Minister for Planning Ahsan Iqbal detailed the allocation: Rs1 trillion for federal development, Rs2.21 trillion for provincial spending, and Rs451 billion for federal enterprises to support nationwide economic progress.
- Iqbal noted that 74% of government revenue services debt, while establishing an 8.2% inflation target and sector-specific growth goals: 3.6% for agriculture, 4.5% for industry, and 4.2% for services.
- Parliamentary Affairs Minister Tariq Fazal Chaudhry confirmed the budget session will likely occur Friday, June 12, following provincial consultations and acknowledgment of 'full cooperation' from provincial governments.
- Stressing that Pakistan requires a 'development emergency,' the Prime Minister emphasized increasing foreign investment and exports, noting economic activity remains a joint responsibility of the Centre and provinces.
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At NEC huddle, PM hails provinces' role in addressing economic issues
Ensuring defence funding remains priority: PM.NEC okays Rs3.66tr development budget: minister.Inflation target set at 8.2% for next fiscal year.Prime Minister Shehbaz Sharif on Wednesday lauded the cooperation extended by provinces in...
NEC reviews Rs4.7tr development plan for FY2026-27
The National Economic Council (NEC) on Wednesday began its session under the chairmanship of Prime Minister Shehbaz Sharif to review and approve the development programme and economic targets for the next fiscal year, 2026-27.
·Lahore, Pakistan
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Coverage Details
Total News Sources12
Leaning Left1Leaning Right4Center1Last UpdatedBias Distribution66% Right
Bias Distribution
- 66% of the sources lean Right
66% Right
L 17%
C 17%
R 66%
Factuality
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