ISLAMABAD: The federal cabinet on Tuesday approved the budgetary proposals for the next fiscal year 2025-26.
In a special meeting chaired by Prime Minister Shehbaz Sharif, the federal cabinet discussed the budget proposals and okayed the Finance Bill 2025.
The cabinet also approved the budgetary proposals for presentation to the National Assembly for its onward consideration.
Finance Minister Senator Muhammad Aurangzeb is set to announce the annual budget at the National Assembly, who, a day earlier, presented the Economic Survey 2024-25, announcing that Pakistan’s economy rebounded in FY2025 with a $411 billion GDP and record investor confidence.
He highlighted that real GDP grew by 2.68%, driven by a robust 4.8% rebound in industrial activity.
The size of the economy surpassed the $400 billion mark for the first time, while per capita income increased to $1,824. Besides, the inflation dropped to a record low of 0.3% in April 2025, supported by exchange rate stability, tight monetary policy, and improved food supply.
