The federal government of Pakistan has officially scheduled the presentation of the upcoming fiscal year’s budget for June 10, 2025, in the National Assembly.
The announcement was made by Khuram Shehzad, advisor to Finance Minister Muhammad Aurangzeb, via a post on social platform X (formerly Twitter).
Just a day before the budget — on June 9 — the Pakistan Economic Survey 2024-25 will be released, offering key insights into the country’s economic performance over the past year.
Earlier, June 2 had been floated as the tentative date for the federal budget, but it appears the timeline has now shifted due to evolving discussions with the International Monetary Fund (IMF).
No consensus has yet been reached between Pakistan and the IMF on the proposed budgetary framework. Today — Friday — marked the final day of the current round of negotiations, but talks are expected to resume next week, as both sides continue to navigate sticking points over fiscal targets and reforms.
Meanwhile, Pakistan is set to present a record federal budget for the fiscal year 2025–26, with aggregate outlay surpassing Rs. 17.6 trillion.
The government has reached the last leg of negotiations with the International Monetary Fund (IMF), paving the way for what could turn out to be one of the most important and ambitious budgets in the nation’s history.
According to official sources, the IMF has urged Pakistan to push its total revenue target to Rs. 20 trillion, up from the current figure of approximately Rs. 17.8 trillion.
This demand is part of the broader fiscal framework being discussed between Islamabad and the IMF, as both sides continue high-level policy talks scheduled to conclude by May 23. The government plans to present the federal budget to Parliament on June 2.
As part of its strategy, the Federal Board of Revenue (FBR) is expected to receive a revenue collection target of Rs. 14.3 trillion. A large portion of this will come from direct taxes, with projections indicating Rs. 6.47 trillion, while Rs. 4.94 trillion is expected from sales tax.
Previously, in a recently published country report, the International Monetary Fund (IMF) has forecasted that Pakistan’s economy will grow by 2.6% in the current fiscal year, with gradual improvements expected over the next five years.
The report provides a roadmap of key economic indicators, fiscal reforms, and government commitments aimed at stabilizing the economy and ensuring long-term growth.
According to the IMF, Pakistan’s growth is expected to accelerate to 3.6% in 2025-26 and reach 4.1% in 2026-27. From 2027 to 2030, the economy is projected to maintain an average growth rate of 4.5%, signaling a positive outlook for the country’s medium-term future.
The IMF estimates inflation to average 5.1% this year. However, it warns that inflation may rise to 7.7% in the next fiscal year. Between 2026 and 2030, inflation is expected to stabilize at around 6.5%, assuming consistent policy measures and external stability.
