Federal Budget to Be Presented on June 10
Economic Survey to Precede It on June 9, Confirms Finance Ministry
The Finance Ministry has officially announced that the Federal Budget for the fiscal year 2025-26 will be presented on June 10, 2025. This key financial statement will outline the government’s revenue and expenditure plans, economic priorities, and policy measures for the coming year.
In a related update, the Economic Survey 2024-25 will be released a day earlier, on June 9, 2025. The survey provides an analytical overview of the country’s economic performance over the past year and sets the stage for the budget presentation.
Khurram Shehzad, Adviser to the Finance Minister, confirmed these dates, highlighting the government’s commitment to transparency and timely dissemination of economic information.
Federal Budget 2025-26 Announcement
The Federal Budget for FY 2025–26 of Pakistan will be presented on June 10, 2025.
The Pakistan Economic Survey 2024–25 will be released a day before the Federal Budget, on June 9, 2025.@Financegovpk#PakistanBudget #EconomicSurvey #MoF
— Khurram Schehzad (@kschehzad) May 23, 2025
Stakeholders across the board, including policymakers, businesses, and the public, are closely watching these developments as they will significantly influence Pakistan’s economic outlook and fiscal strategy.
Talks with the IMF regarding the budget targets for the next fiscal year remain unresolved, with sources indicating that Thursday marked the final scheduled day for discussions.
Following a morning session, negotiations between the government and the IMF resumed in the afternoon; however, officials confirmed that no significant progress was made in either round.
The Pakistani delegation was led by the finance secretary and included senior officials such as the chairman of the Federal Board of Revenue (FBR) and his team.
According to sources, the government proposed multiple measures aimed at reducing the tax burden on salaried individuals and lowering the cost of doing business by cutting tax rates in the industrial sector.
Additionally, the government suggested various ways to curtail both development and non-development expenditures and briefed the IMF on plans to increase tax and non-tax revenues. These plans included a framework for collecting agricultural income tax and strategies to enhance provincial revenue generation.
Finance ministry officials stated that discussions are expected to continue into next week, emphasizing that Pakistan is required to consult the IMF when setting budget targets under the terms of its ongoing loan programme.
One source remarked, “Ultimately, the government will need to incorporate the IMF’s recommendations when finalizing fiscal goals.”
The IMF’s executive board approved a new $1.4 billion loan to Pakistan on May 9 under its climate resilience fund and completed the first review of its $7 billion Extended Fund Facility programme, releasing about $1 billion in cash.
The IMF noted that Pakistan’s policy efforts under the programme have already made significant strides in stabilizing the economy and rebuilding confidence amid a challenging global environment.
With this review approval, total disbursements under the 37-month programme have reached $2 billion.
