Pakistan’s federal government will present a Rs20 trillion budget for fiscal year 2025-26 in Parliament on June 2, 2025. Officials will release the Pakistan Economic Survey 2024-25 on June 1, outlining the country’s economic performance over the past year.
The Annual Plan Coordination Committee (APCC) will meet on May 26 to finalise budget targets. Prime Minister Shehbaz Sharif will chair the National Economic Council (NEC) meeting on May 31.
The International Monetary Fund (IMF) has expressed satisfaction with Pakistan’s budget priorities, including the Federal Board of Revenue’s (FBR) tax revenue targets and strategies for subsidies, circular debt, and debt repayments. This approval bolsters Pakistan’s 37-month Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF), with $1 billion and $1.4 billion disbursements expected in May 2025, per IMF statements.
Read: Pakistan’s Forex Reserves Reach $15.61 Billion, Gold Prices Drop
Sources told Dawn News Pakistan that the government is considering a significant increase in the capital gains tax (CGT) on real estate, potentially raising it from 15% to 35%, aligning it with corporate rates to tap untapped revenue. This move aims to enhance fiscal sustainability amid economic challenges.
Pakistan’s budget comes as the country navigates inflation and debt pressures. As per the State Bank of Pakistan, remittances and IMF support drove reserve growth to $15.61 billion in May 2025.
The 2025-26 budget reflects Pakistan’s digital reforms and fiscal discipline push. With NEC and APCC meetings nearing, the government aims to balance growth and stability.
