Pakistan's FY 2026-27 Budget likely to be announced on June 5

ISLAMABAD: Pakistan’s Federal Budget for Fiscal Year 2026-27 is likely to be presented on June 5, 2026, sources said on Tuesday.

Preparations have been underway to present the National Economic Survey on June 04, according to sources.

Prime Minister Shehbaz Sharif will chair a session of the National Economic Council on June 03, instead of May 22, sources said.

The meeting of the Annual Plan Coordination Committee will be held on June 1st, sources added.

As the budget preparations have taken steam, the International Monetary Fund (IMF) has asked Pakistan’s provinces to generate an additional Rs400 billion in revenue in the upcoming federal budget, ARY News reported on Tuesday, citing sources familiar with the discussions.

Sources said the Pakistan government has initiated consultations with provincial authorities regarding measures aimed at boosting provincial revenues during the next fiscal year.

Finance Minister Muhammad Aurangzeb held a virtual meeting with provincial finance ministers to discuss proposals linked to the IMF programme and strategies for enhancing provincial revenue collection.

During the meeting, discussions focused on increasing both tax and non-tax revenues at the provincial level. Sources said participants also exchanged views on raising income tax on agricultural earnings, property tax and excise duties.

Consultations were further held on provincial tax revenue targets and fiscal surplus goals for the next budget.