A Critical Analysis of Pakistan's 2025-26 Budget

Introduction: Unveiling the Economic Blueprint for 2025-26 The Federal Budget of Pakistan for the fiscal year 2025-26 is a pivotal document that defines the country's economic direction amid global uncertainties and internal structural challenges. As the government aims to achieve macroeconomic stability and inclusive growth, this budget has become a centerpiece for both public discourse and economic critique. Through this article, we present an in-depth and critical analysis of the Pakistan Budget 2025-26 , evaluating its fiscal policies, revenue targets, expenditure priorities, development plans , and the socio-economic implications it carries. Revenue Targets: Ambitious or Unrealistic? The Federal Board of Revenue (FBR) has been tasked with collecting an unprecedented PKR 12.5 trillion in taxes for FY 2025-26, marking a 25% increase from the previous fiscal year. While the government touts this figure as essential to reducing dependency on external financing, critics q...