Federal cabinet approves budget proposals for fiscal year 2026-27

ISLAMABAD, Jun 12 (APP): The federal cabinet on Friday approved the budgetary proposals for the next fiscal year 2026-27, in a special meeting chaired by Prime Minister Shehbaz Sharif here.

The cabinet reviewed the proposals before giving a go-ahead for its presentation to the National Assembly for consideration and debate.

At the National Assembly, Finance Minister Muhammad Aurangzeb will unveil the annual federal budget.

The budget presentation follows the formal release of the Economic Survey on Thursday, which revealed a resilient economic performance despite global economic uncertainty, regional tensions, and the lingering impacts of devastating floods.

According to the survey, Pakistan’s economy rebounded with a robust 3.7% GDP growth, pushing the country’s economic volume to a historic $452.1 billion (Rs 126.9 trillion). Additionally, the country’s per capita income witnessed a notable increase, rising to $1,901 from $1,751 in the previous fiscal year.