Budget FY26: NEC nods to record Rs4.2tr uplift outlay for next fiscal

Prime Minister Muhammad Shehbaz Sharif chairs a meeting of the National Economic Council in Islamabad on Wednesday. —APP ISLAMABAD: The National Economic Council (NEC) on Wednesday gave nod to a Rs4.2 trillion ($15.1 billion) development programme for fiscal year 2025–2026 (FY26), setting aside Rs1 trillion for federal schemes and Rs2.87 trillion for provincial spending, according…

Budget FY26: Govt eyes lean Rs1tn PSDP amid Rs3tn ministry requests

Labourers work at a construction site on the outskirts of Peshawar on June 12, 2024. — AFP The federal government plans to allocate Rs1 trillion for development spending in fiscal year 2025-26, well short of the Rs3 trillion requested by ministries, official documents show.  The Finance Ministry initially set an indicative budget ceiling of Rs921…

No agreement yet on FY26 budget as IMF wraps up Pakistan visit

A woman walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, US, May 10, 2018. — Reuters The International Monetary Fund (IMF) announced that discussions on Pakistan’s fiscal year 2026 (FY26) budget will continue in the coming days, following the conclusion of a staff-level mission led by Nathan Porter. The mission’s…