Budget likely to be announced on June 12, says minister
Why this matters: local context for readers following news across Pakistan and the region.
Parliamentary Affairs Minister Tariq Fazal Chaudhry said on Tuesday that the budget for the next fiscal year (FY2026-27) would likely be announced on June 12. He posted this on X, further stating that summaries to convene budget sessions in the National Assembly and Senate on June 10 had been sent. The date for the budget’s presentation is yet to be confirmed as the federal government, its coalition partners and provincial governments struggle to reach a consensus over the Centre’s demand for more than Rs1 trillion for strategic needs. The meeting of the National Economic Council (NEC), officially called on Monday for June 8, was postponed for the third time at the last moment amid continuing negotiations over the freezing of provincial shares in the federal divisible pool under the National Finance Commission (NFC) Award. More to follow