Pakistan Federal Budget 2025–26: crisp summary for CSS PMS Aspirants
Pakistan Federal Budget 2025–26: A Reform-Centered Vision for Economic Recovery On June 10, 2025, Pakistan unveiled its Rs. 17.6 trillion federal budget in the National Assembly — a document aimed at economic revival, tax reform, and digital modernization, framed within IMF recommendations. It seeks to support citizens while enforcing fiscal discipline and accelerating structural reforms. Macroeconomic Objectives: Growth & Revenue Targets The government has laid out bold ambitions for the economy: • GDP Growth: Aiming for 4.2% growth in FY26, compared to 2.7% last year — a strong signal of economic rebound. • Tax-to-GDP Ratio: A planned jump from 10% to 14%, reducing reliance on debt. • FBR Revenue Target: Set at Rs. 14.13 trillion, reflecting a 9% increase over FY25. • Non-Tax Revenue Goal: Rs. 5.15 trillion to broaden domestic funding. Tax Reforms: Expanding the Net Several new tax initiatives have been introduced to widen the base: • New Tax Measures: Over Rs. ...