Pakistan presents 18.8 trillion rupee budget for fiscal year 2026-27
The Government of Pakistan has presented the federal budget of 18.8 trillion rupees for the fiscal year 2026-27 in the National Assembly. The objective of this new budget is to improve the country's economic situation and provide relief to the public. The budget announces a 7 percent increase in the salaries and pensions of government employees, while the minimum wage has been increased by 10 percent.
The government has also proposed significant income tax exemptions for the salaried class. The purpose of this measure is to increase the purchasing power of ordinary citizens during a period of inflation. These changes in the tax system have been implemented under four different slabs to reduce the burden on middle-income employees.
A key feature of the budget is special incentives for women's health. The government has announced historic tax exemptions for women's health facilities, aimed at ensuring women's inclusion and well-being in the health sector. This decision is being considered a significant step in the context of regional economic challenges.
Experts say that this budget has been presented at a time when the country is facing various economic difficulties. The government is attempting to bring stability to the economy through tax relief and salary increases. This budget will now be debated in Parliament, after which it will be given final approval.