The federal government will present the budget for the fiscal year 2025-26 on June 10, while the National Economic Survey for the outgoing fiscal year will be released a day earlier, on June 9, according to a spokesperson for the Ministry of Finance.
The announcement comes amid ongoing negotiations with the International Monetary Fund (IMF), which are yet to be concluded.
“Today marked the final round of the budget talks with the IMF, but key fiscal targets could not be finalised,” the spokesperson stated. Talks with the global lender are now expected to continue into next week.
Federal Budget 2025-26 Announcement
— Khurram Schehzad (@kschehzad) May 23, 2025
The Federal Budget for FY 2025–26 of Pakistan will be presented on June 10, 2025.
The Pakistan Economic Survey 2024–25 will be released a day before the Federal Budget, on June 9, 2025.@Financegovpk#PakistanBudget #EconomicSurvey #MoF
The budget date was previously set for June 2, but the government has decided to postpone it due to the pending IMF negotiations and the upcoming Eidul Azha holidays, which are expected to fall around the same period.
Earlier, it had been reported that negotiations between the Pakistani government and the IMF on the upcoming fiscal year’s budget remained inconclusive, with key differences persisting over proposed tax relief measures.
The government is pressing the IMF to reduce the super tax and grant relief to various sectors, including the salaried class and the real estate industry. However, these demands have encountered firm resistance from the IMF, with no formal agreement reached on any concessions so far.
Also Read: IMF pushes Pakistan to fast-track privatisation of govt entities
According to insiders, the IMF’s stance is contingent on the government providing detailed data and a robust fiscal strategy before any tax concessions can be considered.
“No final decision has been made regarding the new fiscal targets or conditions,” a source privy to the talks said.
The IMF has underscored the need for provinces to curtail their expenditures and simultaneously boost their revenues. Furthermore, the Fund has insisted on measures to enforce the agricultural income tax, an area that remains contentious.
