Agenda for upcoming sessions of the National Assembly and Senate will be published in the coming days
Parliament House was illuminated with green lights to mark the first anniversary of Marka-e-Haq in the federal capital. PHOTO: ONLINE
President Asif Ali Zardari on Friday approved convening the budget session of the National Assembly at 5 pm and the Senate session at 6 pm on June 5.
The federal budget for the financial year 2026-2027 will be presented in the National Assembly. In the coming days the agenda of the next sessions of the National Assembly and the Senate will be announced.
The next budget will be presented in consultation with the International Monetary Fund (IMF), and most issues have already been resolved.
The federal government has also prepared proposals for the next budget on wage increases for the salaried class and pensions for retirees.
Adviser to the Prime Minister on Political and Public Affairs Senator Rana Sanaullah said the relief will be provided widely, including to the salaried class.
On Monday, Sanaullah said the government was preparing a comprehensive strategy to provide maximum relief to inflation-hit segments of society in the upcoming budget.
Speaking to the media, he said that no amendment on the age limit of voters was being considered and that the government remained fully committed to safeguarding the constitutional and democratic rights of young people.
He said the upcoming federal budget would provide huge relief to the masses and Prime Minister Shehbaz Sharif would formally announce the public-friendly package soon.
FY27 Budget May Offer Limited Relief
Pakistan’s upcoming federal budget for FY27 is shaping up to be less about headline-grabbing relief measures and more about reinforcing a commitment to economic stabilization, despite growing political, social and economic pressures. After three years of adjustments under the International Monetary Fund (IMF) program, the government now faces the challenge of balancing fiscal discipline with demands for fiscal relief, growth support and investor confidence.
Read: Aid package to be announced in budget: Sanaullah
Research developments by leading brokerages Topline Research and JS Global Capital indicate that the budget is likely to be viewed less through the lens of populist measures or dramatic policy changes, and more as a reinforcement of fiscal discipline and policy continuity for investors and lenders. Both reports expect continued fiscal consolidation with a fourth consecutive primary surplus in FY27, but sustaining it will require strong revenue mobilization amid a fragile recovery.
As per the IMF-linked targets highlighted in the reports, the Federal Board of Revenue (FBR) is expected to collect approximately Rs 15.3 trillion in taxes during FY27, implying revenue growth of around 14% to 20% depending on the final collection base of FY26. The challenge becomes even greater because FY26 itself is expected to close with another revenue shortfall despite downward revisions in targets. collection.
This creates the central tension of the budget. On one hand, the government is considering relief for wage earners and select corporate sectors due to domestic pressure. On the other hand, the IMF has strengthened supervision by raising FBR benchmarks to quantitative performance criteria, leaving minimal room for deviations, waivers or discretionary relief.
