Islamabad, June 10,2026: Finance Minister Senator Muhammad Aurangzeb announced on Wednesday that the Pakistan Economic Survey 2025-26 will be presented on Thursday, ahead of the unveiling of the Federal Budget 2026-27 on June 12.
Speaking during a Senate session, the finance minister said the Economic Survey would provide a comprehensive overview of the country’s economic performance over the outgoing fiscal year, including GDP growth, tax collection, fiscal indicators, and trends across key sectors of the economy.
The announcement sets the stage for the presentation of the federal budget, which is expected to outline the government’s fiscal priorities and economic roadmap for the next financial year.
Meanwhile, Adviser to the Finance Minister Khurram Schehzad confirmed through a post on X that the Economic Survey 2025-26 would be launched by the finance minister at 2:20pm on Thursday, while the Federal Budget 2026-27 would be presented in the National Assembly on Friday, June 12.
During the Senate session, Aurangzeb also briefed lawmakers on the economic impact of the ongoing Middle East conflict and defended the government’s recent fuel pricing decisions.
Responding to criticism over petroleum price increases, the finance minister said the government initially planned to pass on the entire burden of rising international oil prices to consumers. However, it later provided Rs129 billion in subsidies over a three-week period to cushion the impact on the public.
He noted that the conflict in the Middle East had now continued for nearly three and a half months, creating sustained economic challenges and uncertainty for oil-importing countries, including Pakistan.
“The initial question was whether the conflict would last a week or a month, but it has now continued for three and a half months and its economic effects are ongoing,” Aurangzeb told the Senate.
The minister said the subsidy package was financed through reductions in the Public Sector Development Programme (PSDP). He added that Rs5.4 billion had already been disbursed, including financial assistance for approximately 800,000 motorcycle users and more than Rs4 billion in support for farmers under targeted relief initiatives.
Aurangzeb further warned that even if the conflict ended immediately, its economic consequences could continue to affect global markets and Pakistan’s economy into the next fiscal year.
Highlighting fiscal performance, he said Pakistan was targeting revenue collection of Rs13 trillion during the current financial year. He also noted that unlike the devastating floods of 2022, Pakistan had managed recent economic challenges through domestic resources rather than seeking international appeals.
The finance minister defended the petroleum levy, saying it remained an integral part of the government’s broader fiscal framework and had long existed as a source of revenue.
Earlier in the debate, Senator Mohsin Aziz criticised the government’s fuel pricing policies, claiming petrol prices had increased by nearly 200 percent. He questioned the government’s spending priorities and argued that relief had not been adequately extended to ordinary consumers.
Separately, Parliamentary Affairs Minister Tariq Fazal Chaudhry confirmed that the Federal Budget 2026-27 is expected to be presented in the National Assembly on June 12 after several revisions to the budget timetable.
The federal government had initially planned to present the budget on June 5 before postponing it to June 10 amid consultations with coalition partners and discussions on key fiscal measures.
Meanwhile, a meeting of parliamentary leaders chaired by National Assembly Speaker Ayaz Sadiq reviewed arrangements for the upcoming budget session.
According to parliamentary sources, the budget session is expected to continue without weekly holidays, including Saturdays and Sundays, until the budget is approved. The government aims to secure parliamentary approval before Ashura, with the process expected to conclude by June 23 or 24.
Sources added that if the approval process extends beyond the planned timeline, the National Assembly will continue proceedings without interruption, except during Ashura, while supplementary grants will be taken up at a later stage.
