Economy

Revenue without reforms

The 2025–26 federal budget, while notable for its aggressive revenue ambitions, fails to articulate a cohesive development vision and ultimately resembles a consolidation mechanism rather than a transformative roadmap.

The budget's public expenditure priorities reflect an outdated bias towards rigid recurrent obligations at the expense of social investment and climate resilience. — MICHAEL MCCALL FOR THE THURSDAY TIMES
A file photo is shown of Finance Minister Ishaq Dar in Februrary 2023. — FILE/THE THURSDAY TIMES
Pakistani finance minister Ishaq Dar is shown.
Published by Thursday Media International thursday.media