APCC to propose uplift budget on 26th
Sources said the committee will also propose the Annual Economic Plan for the upcoming fiscal year, while reviewing the current year's federal development budget and economic plan.
For the next fiscal year, the Ministry of Finance has proposed a ceiling of Rs921 billion for the federal development budget. However, there is an effort to increase this allocation, subject to the prime minister's approval.
According to sources, the meeting will also review the GDP growth target for the upcoming fiscal year and set sectoral targets for agriculture, industry, and services.
The APCC is also expected to propose an inflation target for the next fiscal year. Its recommendations will be forwarded to the National Economic Council (NEC) for approval.
The NEC meeting, chaired by the prime minister, is expected to be held on May 29 or 30.
A meeting of the National Accounts Committee has been scheduled for May 20, which will review and approve the current fiscal year's economic targets. According to sources, the committee is also expected to approve revisions to last fiscal year's economic targets.
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