ISLAMABAD: Pakistan on Friday presented its federal budget for fiscal year 2026-27, outlining the government's fiscal priorities and economic strategy for the coming year amid efforts to sustain growth, strengthen public finances and attract investment.
The budget was approved by the federal cabinet during a meeting at Parliament House in Islamabad before being presented in the National Assembly by Finance Minister Muhammad Aurangzeb.
Prime Minister Shehbaz Sharif signed the budget documents following cabinet approval and said the financial plan had been prepared with the welfare of the Pakistani people as its foremost objective.
"By the grace of Allah, this budget has been prepared with great hard work and sincerity, with the welfare of Pakistan's people as its top priority," Sharif said in a post on X.
The annual budget comes as Pakistan seeks to build on economic stabilization achieved over the past two years through fiscal reforms, revenue mobilization, energy-sector restructuring, digitization and measures aimed at supporting private-sector-led growth.
According to the Pakistan Economic Survey 2025-26 released a day earlier, the country's economy grew 3.7 percent during the outgoing fiscal year, reaching a record size of $452.1 billion. The survey also pointed to improvements in public finances, foreign exchange reserves, remittances and manufacturing activity as authorities pursue a broader agenda of economic recovery and investment promotion.
Further details will be added as the finance minister addresses parliament and unveils key budget measures for the upcoming fiscal year.
