The National Economic Council (NEC) meeting, earlier scheduled for June 5, has been brought forward to 3 PM today, June 4.
As per details, Prime Minister Shehbaz Sharif is set to preside the National Economic Council meeting, which will focus on approving the national development budget, Public Sector Development Programme (PSDP), and macroeconomic targets for the upcoming fiscal year 2025-26, with representatives from the federal and provincial governments, including all four chief ministers, in attendance.
The NEC is expected to approve a PKR 3,795 billion national development budget 2025-26, with allocations including PKR 1,000 billion for the federal government, PKR 1,188 billion for Punjab, PKR 887 billion for Sindh, PKR 440 billion for Khyber Pakhtunkhwa, and PKR 280 billion for Balochistan.
Finance Minister Muhammad Aurangzeb will brief the prime minister on budget 2025-26 proposals, which include public-private partnership initiatives and a five-year development plan.
Sources revealed that the council will also approve a GDP growth target of 4.2%, with sectoral targets of 4.5% for agriculture, 4.3% for industry, and 4% for services.
