Pakistan Finance Minister Muhammad Aurangzeb presented the budget for financial year 2026-27 with a total outlay Rs18.7 trillion in National Assembly on Friday.
The finance minister started his speech by paying tribute to armed forces of Pakistan who defeated a much larger enemy in May 2025 and the civil and military’s leadership’s efforts which took Pakistan to an elevated status in international diplomacy during the ongoing Iran war where both the US and Iran showed their trust in Pakistan’s mediation efforts.
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He maintained the the closure of Strait of Hormuz and the subsequent rise in oil prices affected Pakistan’s economy like all other countries but the country’s government did not pass the burden directly to the people. Aurangzeb promised that the government will bring down petroleum products prices once the oil price drops in international market.
