Might 09, 2025 (MLN): The federal authorities will unveil the funds for the fiscal yr 2025-26 on June 2, simply days forward of Eid ul Azha, Planning Minister Ahsan Iqbal introduced at a press convention.

An allocation of Rs. 921 billion has been set for the Public Sector Growth Program (PSDP), reflecting a 16% discount from the revised Rs1.1 trillion for the continued fiscal yr. Though the Planning Fee had initially sought Rs2.9tr primarily based on ministry calls for, the Ministry of Finance accepted an Indicative Finances Ceiling (IBC) of solely Rs921 billion.

The Planning Minister said he would advocate for growing the allocation to a minimum of Rs1.6tr to make sure Rs700bn in rupee cowl for foreign-funded initiatives, as per the press launch.

Thus far, Rs900bn has been approved for launch underneath the present PSDP, with additional authorizations anticipated in Might and June.

The Annual Plan Coordination Committee is scheduled to satisfy on Might 23 to finalize the event program, whereas the Nationwide Financial Council is prone to approve macroeconomic targets and the PSDP by Might 26 or 27.

With the diminished ceiling, provincial initiatives within the PSDP are set to face cutbacks, and round 200 slow-progressing initiatives shall be discontinued.

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Posted on: 2025-05-09T17:24:54+05:00

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