Key points
- Pakistan’s finance minister will present the Federal Budget in the National Assembly
- The minister will also lay a copy of the Finance Bill before the Senate
- Aurangzeb affirms the government’s resolve for sustainable economic growth
ISLAMABAD: The Federal Budget for the next fiscal year will be presented in the National Assembly of Pakistan on Tuesday.
State-run Radio Pakistan reported that the country’s Finance Minister Muhammad Aurangzeb will present the Federal Budget in the National Assembly.
Later, he will lay a copy of the Finance Bill, 2025, containing the Annual Budget Statement before the Senate.
State-run television, PTV, has indicated that the budget has been formulated while considering the existing challenges being faced by the economy on both domestic and international fronts.
Earlier, local media reported that the Speaker of the National Assembly, Sardar Ayaz Sadiq, had approved the schedule for the upcoming sessions of the National Assembly regarding the presentation and discussion of the Federal Budget.
“Federal Budget 2025-26”
Radio Pakistan reported that the Federal Budget 2025-26 will be presented in the National Assembly on Tuesday evening, while the Senate has also been summoned at 6:00 pm on the same day.
The House will commence general debate on the budget on Friday, the 13th of this month, which will continue until the 21st of this month, and formally conclude on the same day.
The Finance Bill 2025 will be taken up for approval by the National Assembly on the 26th, while supplementary grants and other related matters will be discussed and voted on the 27th of this month.
There will be no sitting of the House on the 11th, 12th, and 22nd of this month. All the parliamentary parties, which have representation in the National Assembly, will be given proper time to participate in the budget debate in accordance with the Assembly’s rules and procedures.
“GDP Growth Rate”
Earlier, the Economic Survey for the fiscal year 2024–25, launched in Islamabad on Monday, showed an upward economic trajectory, recording a 2.68 per cent GDP growth rate.
Unveiling the survey, Minister for Finance Aurangzeb mentioned that this is a gradual recovery, but the right path forward is to achieve sustainable growth.
He said that this upward economic trajectory was a result of effective macroeconomic management, improved fiscal and external account balances, and a significant reduction in inflation.
He said that our recovery should also be seen in the context of global GDP growth, which remained at 3.3 per cent last year and is estimated to decline to 2.8 per cent this year.
The minister expressed satisfaction over the major decline in the inflation rate, saying it has come down to 4.6 per cent compared to 23 per cent last year.
He emphasised that the government has consolidated economic recovery in the current fiscal year.
