National Economic Council Approves Rs. 1 Trillion Federal Development Budget

Islamabad (Web Desk): The National Economic Council (NEC) has approved a federal development budget of Rs. 1 trillion for the upcoming fiscal year.

The crucial NEC meeting was held at the Prime Minister’s House in Islamabad under the chairmanship of Prime Minister Shehbaz Sharif. During the session, economic targets for the fiscal year 2025–26 were approved.

The meeting was attended by Sindh Chief Minister Murad Ali Shah, Punjab Chief Minister Maryam Nawaz, Balochistan Chief Minister Sarfraz Bugti, and Khyber Pakhtunkhwa Chief Minister Ali Amin Gandapur.

Discussions included a review of the national development agenda, the Public Sector Development Programme (PSDP), and macroeconomic goals. Consultations were also held on targets for economic growth, agriculture, industry, and the services sector for the new fiscal year.

According to sources in the Planning Commission, the NEC approved a federal development budget of Rs. 1 trillion. Additionally, a GDP growth target of 4.2% was set for the coming year.

In the session, the budget for Balochistan’s N-25 project was revised downward, approving Rs. 100 billion instead of the previously proposed Rs. 120 billion. Furthermore, the annual export target was set at $35 billion.