The National Economic Council (NEC) is scheduled to meet today under the chairmanship of Prime Minister Shehbaz Sharif to review and potentially approve the country’s development budget for the upcoming fiscal year. According to sources, the council will consider a development outlay of approximately Rs4.46 trillion, covering both federal and provincial spending plans. The proposed […]
development budget
Food security industry face major funding gap in new budget
The proposed federal budget shows a sharp shortfall in allocations for food security and industry sectors, as officials recommended only Rs7.2 billion against a combined demand of Rs117 billion for key development projects. According to budget documents, the Ministry of National Food Security is set to receive Rs3.2 billion, while the Ministry of Industries and […]
NEC meeting delayed as government PPP budget talks continue
The National Economic Council meeting was postponed as the government continued negotiations with the Pakistan Peoples Party over key budget and development issues. Officials said the delay occurred because both sides have not yet finalized consensus on critical financial matters ahead of the upcoming fiscal budget. Originally, the NEC meeting was scheduled to approve the […]
Interior ministry allocates Rs16bn budget for ongoing projects
The federal government has proposed a Rs16 billion development budget for the Ministry of Interior in FY2026-27, reflecting an increased allocation of Rs4.5 billion compared to the previous year. However, officials have confirmed that the entire budget will be used for ongoing schemes, with no new development projects included in the upcoming fiscal plan. According […]
Govt proposes Rs1.1 trillion development budget for FY27
ISLAMABAD: The federal government has proposed a development budget exceeding Rs1.1 trillion for the fiscal year 2026-27 (FY27), with significant allocations earmarked for water resources, power projects, transport infrastructure and education initiatives. Read More: Punjab likely to unveil tax-free budget for next fiscal year According to budget documents, Rs754.9 billion has been proposed under the federal […]
Provinces propose record Rs3.14 trillion development budget for 2026-27
Pakistan’s four provinces have collectively proposed a development budget of Rs3,138 billion for the fiscal year 2026-27, reflecting an increase of Rs76 billion compared to the current year. The plan highlights a continued push toward infrastructure expansion, public services improvement, and broader regional development priorities. According to budget documents, provincial governments will finance most of […]
Pakistan PSDP spending stays below target despite budget cuts
Development spending under Pakistan’s Public Sector Development Programme reached ₨469.9 billion during the first 10 months of fiscal year 2025-26, although utilisation remained below official targets despite reductions in the overall development budget. Officials said ongoing fiscal pressures and regional tensions continued affecting the pace of public sector development projects. According to the Monthly Development […]
Pakistan cuts development budget by 10% to fund fuel subsidy
ISLAMABAD — The government of Pakistan has reduced the current fiscal year’s development budget by 10%, trimming the Public Sector Development Programme (PSDP) from Rs1,000 billion to Rs900 billion, with the savings earmarked for austerity measures and fuel subsidies, The News reported on Thursday. Read More: Pakistan proposes Rs4,083 billion national development budget The decision comes amid […]
Federal development spending remains slow in first five months
Development spending under the federal Public Sector Development Programme (PSDP) remained weak during the first five months of the current fiscal year, with utilisation reaching only 9.2 per cent of the annual allocation. The slowdown reflects fiscal rationing as the government works to meet contingency measures agreed with the International Monetary Fund (IMF). Read More: […]
Govt mulls Rs300bn cut in PSDP
ISLAMABAD – The federal government is reportedly considering a Rs300 billion reduction in the Public Sector Development Programme (PSDP) for the current fiscal year, slashing the national development budget by nearly 30 percent, from Rs1,000 billion to Rs700 billion. Sources in the Planning Commission revealed that the proposed cut is being weighed due to lower-than-expected revenue […]