ISLAMABAD: Pakistan’s federal government has set a current account deficit target of $2.1 billion—equivalent to 0.5% of GDP—for the fiscal year 2025–26, according to the Annual Plan released alongside the federal budget on Tuesday.
The annual plan sets the target for goods exports at $35.3 billion, while goods imports are expected to reach $65.2 billion in the upcoming fiscal year.
Services exports have been targeted at $9.6 billion, and remittances are projected to total $39.4 billion during the same period.
Meanwhile, Pakistan’s Finance Minister Muhammad Aurangzeb on Tuesday unveiled the federal budget for the fiscal year 2025–26, with a total outlay of PKR 17.573 trillion, down 7% as compared to the PKR 18.9 trillion budgeted outlay of FY25.
The Finance Minister said the IMF has shown trust in the reforms undertaken by the incumbent government, and those claiming about the minibudget have turned silent now.
Earlier, the federal cabinet on Tuesday approved the budgetary proposals for the fiscal year 2025-26.
Chaired by Prime Minister Shehbaz Sharif, the special cabinet committee deliberated on the budget proposals and accorded its approval to the Finance Bill.
