Heading: NEC APPROVES NATIONAL DEVELOPMENT BUDGET WORTH RS4.22TRN FOR NEXT FISCAL YEAR - 2025-06-05
The National Economic Council (NEC) on Wednesday unanimously approved six-agenda items, including national development budget worth Rs4.224 trillion for the next fiscal year (FY26), RADIO PAKISTAN reported. The approval was granted at the NEC meeting held in Islamabad with Prime Minister Shehbaz Sharif in the chair and with all the four provincial chief ministers of Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan in the presence. It was told that Rs1 trillion would be earmarked for the federal and Rs2.87 trillion for the provincial development projects. Unregistered taxpayers: 4% ‘further sales tax’ to be abolished The forum also approved macroeconomic framework and targets for the next fiscal year. The council directed relevant ministries, provinces, and government institutions to work in collaboration with the Ministry of Planning to achieve the targets set in the proposed annual plan for 2025-2026. The development projects would prioritise health, education, infrastructure, the water sector, and housing, RADIO PAKISTAN reported. The NEC gave approval to the 13th five-year development plan and the Uraan Pakistan Framework, it said. As per the details, a third-party monitoring report on the annual National Development Programme was presented, and the meeting decided that future project planning should incorporate…