ISLAMABAD – Khurram Schehzad, Adviser to the Finance Minister, announced on Thursday that the federal budget for the fiscal year 2025-26 will be presented on June 10, as originally scheduled. This statement clarifies recent media speculation about a possible postponement.

Amidst media reports suggesting a rescheduling due to the Eidul Azha holidays, Schehzad used X (formerly Twitter) to confirm the original date. He stated that no decision has been made to alter the budget schedule.

“As communicated earlier, the upcoming Federal Budget FY26 is on schedule to be announced on June 10, 2025,” he wrote. “Similarly, the upcoming Pakistan Economic Survey FY25 is scheduled to be announced on June 9, 2025.”

Finance Secretary Imdadullah Bosal also addressed the rumors, confirming to reporters that “The federal budget will be presented on June 10.” He made this statement after a committee meeting at the National Assembly.

The Space and Upper Atmosphere Research Commission (Suparco) anticipates that Eidul Azha will begin around June 7, possibly placing the third day of Eid on June 9, coinciding with the scheduled release of the Pakistan Economic Survey.

Schehzad had previously announced on X that the federal budget would be presented on June 10, with the Pakistan Economic Survey preceding it by one day.

Earlier, Planning minister Ahsan Iqbal announced the budget presentation for the next fiscal year would occur on June 2, featuring a 16 per cent decrease in development allocation, amounting to Rs921 billion, which could lead to the termination of approximately 200 ongoing development projects.

Last year, Finance Minister muhammad Aurangzeb presented his inaugural federal budget, totaling Rs18.9 trillion, which analysts noted was generally “in line with IMF guidelines.” Aurangzeb stated during the budget presentation that the government aimed to broaden the tax base to ease the burden on current taxpayers.

“As communicated earlier, the upcoming Federal Budget FY26 is on schedule to be announced on June 10, 2025.”

Understanding Pakistan’s Federal Budget

The federal budget of Pakistan is an annual financial statement outlining the government’s proposed revenues and expenditures for the upcoming fiscal year. It is a crucial document that reflects the government’s economic priorities and policies. The budget is typically presented by the finance minister and debated in the National Assembly before being approved.