Pakistan’s federal budget for FY2024–25 is projected to be between Rs17.5 trillion and Rs18 trillion, official sources revealed ahead of the formal announcement.
The Federal Board of Revenue (FBR) is aiming high, setting a record tax collection target of Rs14.43 trillion, with direct taxes expected to bring in Rs6.47 trillion.
Other key revenue streams include:
- Sales Tax: Rs4.94 trillion
- Federal Excise Duty: Rs1.15 trillion
- Customs Duty: Rs1.74 trillion
- Petroleum Levy: Rs1.31 trillion
Massive Spending & Borrowing Expected
On the expenditure side, the government faces heavy financial obligations, with:
- Debt servicing: Rs8.69 trillion
- Defence budget: Rs2.41 trillion
- Development projects: Rs1.06 trillion
To bridge the fiscal gap, the government is likely to borrow around Rs6.59 trillion in the upcoming fiscal year.
This budget comes at a critical time as Pakistan continues talks with the IMF for extended loan support, while managing inflation, economic reforms, and external pressures.
