President Asif Ali Zardari has summoned the budget session of the Parliament for the fiscal year 2026–27 on June 5 (Friday).
According to the schedule, the National Assembly will meet at 5 pm, followed by the Senate session at 6 pm. The sittings have been called under Article 54(1) of the Constitution.
Meanwhile, discussions around the upcoming budget continue in parliamentary committees. Last week, the National Assembly Standing Committee on Finance and Revenue urged the Ministry of Finance’s Tax Policy Unit and the Federal Board of Revenue (FBR) to ensure that the federal budget moves beyond short-term stabilisation efforts and instead prioritises long-term structural reforms, improved fiscal governance, transparency, and inclusive economic growth.
The committee also raised concerns over Pakistan’s continued dependence on indirect taxes and petroleum levies, calling for broader and more sustainable expansion of the tax base.
Officials briefed the committee that the country remains on a fragile path of economic stabilisation, despite gradual signs of recovery.
For fiscal year 2026–27, GDP growth is projected to remain between 3.5% and 4.5%, while inflation has climbed back into double digits, reaching 10.9% year-on-year in April 2026.
