Particle.news
Download on the App Store
9 ARTICLES
·
last mo.

Zardari Summons Parliament for June 5 Budget Session

The meeting will test whether an IMF‑linked fiscal plan can protect macro stability while offering limited relief to workers and pensioners.

Image
Image
President Zardari
Image

Overview

  • President Asif Ali Zardari has formally summoned the National Assembly at 5pm and the Senate at 6pm on Friday, June 5 for the FY2026–27 budget presentation.
  • The Finance Ministry has circulated a reported Rs17.1 trillion draft with a 4.1% GDP growth target and an average inflation projection of 8.4% for FY27.
  • Pakistan is preparing the budget under a $7 billion IMF Extended Fund Facility that tightens revenue and reform targets and narrows room for large discretionary spending.
  • Negotiations over salary and pension increases are active, with government proposals around 5–10% faced by union demands of up to 100% and planned protests by employee groups.
  • Lawmakers delayed the original schedule because more than 60 MPs travelled for Hajj, the NEC and cabinet will finalise technical items in early June, and the budget must be passed before June 30 to take effect from July 1.