PM Shehbaz rejects Rs1.126tr PSDP allocation, directs Rs200bn increase
Key takeaways
- According to sources, PM Shehbaz has instructed the Ministry of Finance and the Ministry of Planning to expedite efforts to arrange an additional Rs200 billion for development spending.
- A meeting of the National Economic Council (NEC), the country’s highest economic policy making forum, is scheduled to be held on June 3.
- Sources said the federal development budget presented before the NEC is now expected to be increased from Rs1.126 trillion to Rs1.326 trillion.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: Prime Minister Shehbaz Sharif has termed the proposed Rs1.126 trillion allocation for the federal Public Sector Development Programme (PSDP) insufficient and directed authorities to increase it by Rs200 billion, sources said on Tuesday.
The directive came after Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal announced on Monday that the Ministry of Finance had allocated Rs1.126 trillion for the PSDP in the fiscal year 2026-27.
According to sources, PM Shehbaz has instructed the Ministry of Finance and the Ministry of Planning to expedite efforts to arrange an additional Rs200 billion for development spending.