Finance Minister Muhammad Auranzeb is unveiling a Rs17.6 trillion budget for the fiscal year 2025-26 on Tuesday, with projected revenues expected to hit Rs19.4 trillion and a tax collection target set at Rs14.13 trillion.
Aurangzeb said he was honoured to present second budget for the incumbent government. He thanked Prime Minister Shehbaz Sharif, Bilawal Bhutto-Zardari, Khalid Maqbool Siddiqui and others for their support in the budget.
Speaking on the NA floor, the finance minister said the federal budget being presented at an “extremely important and historic moment,” while praising national unity during recent tensions with India.
“This budget comes at a pivotal time for our nation’s future,” he said, commending the country’s military and political leadership for their “successful handling of recent war-like situation” with India.
“The entire nation demonstrated remarkable unity during the recent Pakistan-India conflict,” Aurangzeb said, extending congratulations to both military and civilian leadership for their “victorious response.”
He noted that Pakistan’s prestige has risen in the international community, while emphasising the government’s renewed focus on economic development through national unity and determination.
The minister highlighted that economic stability has been achieved through structural reforms, noting, “several measures have been implemented to improve the economy.” He credited recent policy actions for bringing “economic stabilisation through reform measures”.
Referring to the recent economic situation, Aurangzeb noted that inflation has come down significantly, while remittances were $36 billion in 10 months.
“Those who were beating the drums about a mini-budget… no mini-budget has come, nor have any additional taxes been imposed,” he added.
