The forthcoming federal budget is projected to be Rs17,500 billion.

The projected federal budget is established at Rs17,500 billion.

Sources indicate that the FBR (Federal Board of Revenue) objective for the fiscal year 2025-26 is anticipated to be Rs14,100 billion, little lower than the prior target of Rs14,300 billion.

The forthcoming budget has been formulated in collaboration with the International Monetary Fund (IMF), with conclusive determinations about defense expenditure, interest payments, development allocations, and other expenditures.

IMF endorses an increase in the defense budget and tax concessions for the salaried class.

The economic team has informed Prime Minister Shehbaz Sharif about the projected budget for the upcoming fiscal year.

Reports suggest that taxes will be raised on dividend distributions and compact automobiles. The sales tax on small vehicles is projected to increase from 12.5% to 18%.

The IMF has mandated rigorous enforcement of austerity measures.

Officials from the Ministry of Finance report that discussions with the IMF were fruitful. A prohibition will be enacted on the acquisition of new automobiles for federal ministries and departments.

The budget forecast for the forthcoming fiscal year is diminished compared to the present fiscal year, reflecting a drop of about