Govt to present 2025-26 budget after Eidul Adha
The government will present the federal budget for the year 2025-26 on Tuesday, June 10, the advisor to finance minister Khurram Schehzad confirmed on Friday.
In a post on X, he shared, "The Federal Budget for FY 2025-26 will be presented on June 10, 2025."
The Pakistan Economic Survey 2024-25 is set to be released a day earlier, on June 9, 2025, he added.
Federal Budget 2025-26 Announcement
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 — Khurram Schehzad (@kschehzad) May 23, 2025
This means the budget will be presented after Eidul Adha, which is expected to fall on June 7.
Earlier reports had suggested that Finance Minister Muhammad Aurangzeb will present the budget on June 2 in the National Assembly.
However, due to ongoing negotiations with the International Monetary Fund, the government has opted to delay the presentation by a week to address any unresolved issues.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Express Tribune
2 hours ago
- Express Tribune
Pakistan records largest drop in default risk among emerging markets
Listen to article Pakistan has achieved the world's steepest decline in sovereign default risk over the past year, leading Bloomberg Intelligence's Global Emerging Market (EM) Rankings for credit risk improvement, according to data released by the finance minister's adviser on Saturday. Bloomberg, the international financial information and media firm, has described Pakistan as the most improved economy in terms of reducing default risk. The report attributes this progress to renewed investor confidence, macroeconomic stabilisation, structural reforms, successful engagement with the International Monetary Fund (IMF), timely debt repayments, and positive credit outlooks from global rating agencies including Fitch and S&P. According to Bloomberg's research division, Pakistan's credit default swap (CDS)-implied probability of default declined from 59 per cent to 47 per cent over the last 12 months — an 11 percentage point drop and the largest reduction among emerging markets globally. This improvement outpaces other countries such as Argentina, Tunisia, and Nigeria, while some nations including Egypt, Gabon and Turkey have seen their default risks increase. Breaking: Pakistan Leads the World in Sovereign Risk Improvement - Tops Global EM Rankings As per the latest data posted by Bloomberg Intelligence, Pakistan stands out globally as the most improved economy in terms of reduction in sovereign default risk, as measured by… — Khurram Schehzad (@kschehzad) June 28, 2025 Khurram Shehzad, adviser to the finance minister, took to social media platform X to highlight Pakistan's achievement, stating that the country 'stands out globally as the most improved economy in terms of reduction in sovereign default risk.' Read More: Pakistan, WB boost ties with $40b framework He further added that this 'marks the sharpest decline among major emerging markets,' and credited factors such as macroeconomic stabilisation, structural reforms, successful IMF engagement, and timely debt repayments for the positive trend. 'This is a resounding signal to global investors that Pakistan is not only back on the map — it is moving forward with stability, credibility, and reform at its core,' he said. Prime Minister Shehbaz Sharif welcomed the Bloomberg report, expressing satisfaction over the acknowledgment of Pakistan's economic stability. 'The report acknowledges important institutional reforms in various sectors, successful agreement with the IMF, and timely loan repayments, which are definitely evidence of improvement in the government's economic situation,' he remarked. Also Read: Global ranking of green passport improves He added that Pakistan was among the few countries to show the most economic improvement in the past year, according to Bloomberg's data, and said the country was advancing swiftly towards a stronger economic future. The prime minister attributed these gains to the sustained efforts and dedication of the government's economic team.
Business Recorder
8 hours ago
- Business Recorder
Pakistan leads emerging markets in sovereign risk recovery, says Bloomberg Intelligence
In a positive development on the economic front, Pakistan has emerged as the most improved emerging market in terms of sovereign credit risk, according to the latest analysis by Bloomberg Intelligence. Backed by macroeconomic stabilization, structural reforms, and successful engagement with the International Monetary Fund (IMF), the country has recorded the sharpest decline in default risk globally over the past year—signaling renewed investor confidence and growing financial credibility, said Khurram Schehzad, Advisor to Pakistan's Finance Minister, in a post on social media platform X on Saturday. 'As per the latest data posted by Bloomberg Intelligence, Pakistan stands out globally as the most improved economy in terms of reduction in sovereign default risk, as measured by Credit default swaps (CDS)-implied probability. 'Pakistan topped Global EM Rankings in default risk reduction, as the country has recorded the largest drop in sovereign default risk globally over the last 12 months,' said Schehzad. A CDS is a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse them if the borrower defaults. Citing Bloomberg Intelligence data, default probability was down from 59% to 47%, an 11 percentage point improvement, said Schehzad. 'This marks the sharpest decline among major emerging markets, ahead of Argentina (-7%), Tunisia (-4%), and Nigeria (-5%). In contrast, countries like Turkey, Ecuador, Egypt, and Gabon have seen their default risks rise.' Schehzad was of the view that the decline in Pakistan's risk signals renewed investor confidence—fueled by 'macroeconomic stabilisation, structural reforms, successful IMF engagement and timely debt repayments, and improved credit outlooks by S&P, Fitch, and others'. 'Pakistan is not only back on the map—it is moving forward with stability, credibility, and reform at its core,' he said.
Business Recorder
14 hours ago
- Business Recorder
PTI says budget will enrich elite at the cost of masses in Pakistan
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) on Friday launched a scathing attack on the recently passed Federal Budget for 2025-26, denouncing it as a 'banker's blueprint' crafted to enrich the elite at the expense of the masses. Speaking at a presser, the opposition leader in National Assembly Omar Ayub, flanked by Asad Qaiser, Gohar Ali Khan, and other senior party leaders, condemned the budget as a 'giveaway written by a banker, for his banker buddies'. 'This is not a people's budget; it's a banker's business plan,' Ayub said. 'The hybrid regime plans to borrow another Rs6,300 billion from local banks, allowing four or five bank owners to graduate from billionaires to trillionaires. Meanwhile, the nation sinks deeper into debt.' Ayub accused the government of both fiscal cruelty and political repression, warning that the prices of essential commodities such as flour, sugar, and lentils would soar under the new fiscal measures. 'They couldn't even face the opposition in Parliament. Both the finance minister and the prime minister evaded accountability.' Moreover, Ayub claimed that former MNA Ijaz Chaudhry was abducted in the dead of night, while former Prime Minister Imran Khan and his wife Bushra Bibi remain in jail as hostages of political vendetta. He said several senior PTI leaders including Shah Mehmood Qureshi, Omar Cheema, Hassaan Niazi, and Yasmin Rashid and others were imprisoned without bail. However, Asad Qaiser accused the government of reducing Parliament to a rubber stamp. MNA Sanaullah Mastikhel criticising the powerful energy lobbies, alleged that Independent Power Producers (IPPs) were 'untouchable profiteers' who have plundered the nation for decades under successive governments. 'These IPPs have become a cartel, bleeding the country dry through inflated capacity payments and ironclad contracts. They get paid whether they produce electricity or not while the average Pakistani is left in the dark, both literally and financially.' Masti accused the government of shielding these corporate giants while the public suffers from rolling blackouts and sky-high electricity bills. 'Every time the people tighten their belts, these energy barons loosen theirs. And now, with this budget, the same crooks are getting even more incentives. It is daylight robbery, institutionalised.' He demanded an open audit of all IPP contracts and called for a complete overhaul of the power sector. Copyright Business Recorder, 2025
