• Special meeting floats proposals for ‘drastic cut’ in govt expenditures
• Officials in Islamabad await nod to finalise targets, prepare summaries
• Budget may be delayed to second week of June due to PM’s China visit
The ruling PML-N on Wednesday held a special meeting at the Sharifs’ estate in Jati Umra to review budget preparations for the upcoming fiscal year, where it decided to prepare the financial plan in line with the demands of the International Monetary Fund (IMF) and also discussed proposals for “drastic” cuts in government expenditure. The ‘people-friendly’ budget envisaged by the ruling party, however, might be delayed to the second week of June as Prime Minister Shehbaz Sharif will be visiting China on June 4-8, making the presentation of the federal budget on the scheduled date of June 7 unfeasible. The federal budget has to be presented in parliament immediately after its formal approval by the federal cabinet, led by the prime minister…Source: Dawnnews.com
Monday, May 4, 2026
