The federal government is set to present a budget of approximately RS17,600 billion for the financial year 2025-26 in the National Assembly. Prior to the budget message, a special meeting in the federal cabinet, chairman of Prime Minister Shehnaz Sharif will be at. 16, approve the draft budget, as well as proposed increases in wages and public employees. Alongside these climbs, there is also the possibility of tax relief for employees. According to sources, preparations for the budget session are completed and the official schedule has been released. The National Assembly’s speaker Sardar Ayaz Sadiq has convened a consultative meeting with parliamentary leaders ahead of the NA session, which starts at 1 p.m. 17.00. According to the official review, the meeting, chairman of the speaker, will determine the strategy for the budget, including the duration of budget debates and related questions. The budget to be presented today (June 10) is expected to be approved on June 26 and 27. Federal Minister of Finance Minister Muhammad Aurangzeb will present the budget in the National Assembly. Speaker Sadiq has also approved the schedule for the budget, after which there will be no assembly sessions on June 11 and 12, and the debate on the federal budget begins on June 13 and continues until June 21. Finance Minister Aurangzeb will end the budget debate on June 21. On June 23, the collection discusses essential expenses awarded for 2025–26. On June 24 and June 25, there will be a debate and vote on requirements for grants and cuts. The financial proposal will be adopted on June 26, and on June 27 there will be further debate and vote on supplementary grants and other issues. For the coming fiscal year, the deficit is projected in ongoing account to -0.5% of GDP or about $ 2.1 billion. The export target is set at $ 35.3b, while imports are expected to reach $ 65.2 billion. In the service sector, exports targeted against $ 9.6 billion and imports to $ 14 billion. The government is also aiming to receive $ 39.4 billion in transfers, bringing the total target of exports of goods and services to $ 44.9 billion and for imports to $ 79.2 billion. The proposed average inflation target is 7.5%, while GDP growth is targeted at 4.2%. Sector targets include 4.5% growth in agriculture, 4.3% in the industry and 4% in the service sector. The budget sets targets for gross investments of 14.7%of GDP, regular investments at 13%, public investment of 3.2%and private investment of 9.8%. National savings are expected to reach 14.3% of GDP. Additional sector -specific growth projections include 6.7% for larger crops, 3.5% for other crops, 7% for cotton ginning, 4.2% for livestock, 3.5% for forestry and 3% for fishing.
Salary, pension increases on the cards
