ISLAMABAD, PAKISTAN — Adviser to the Finance Minister Khurram Schehzad confirmed on Thursday that the federal budget for the fiscal year 2025-26 will be presented as scheduled on June 10, 2025, dismissing recent media speculation about a potential delay due to the Eidul Azha holidays.

Taking to the social media platform X, Schehzad clarified that no decision had been made to postpone or reschedule the budget presentation. “As communicated earlier, the upcoming Federal Budget FY26 is on schedule to be announced on June 10, 2025,” he wrote. “Similarly, the upcoming Pakistan Economic Survey FY25 is scheduled to be announced on June 9, 2025.”

Echoing the adviser’s remarks, Finance Secretary Imdadullah Bosal also confirmed there is no change in the budget timeline. “The federal budget will be presented on June 10,” Bosal told reporters after attending a committee meeting at the National Assembly.

The clarification comes in the wake of media reports suggesting that the budget date might be moved once again, this time due to the overlap with Eidul Azha. According to the Space and Upper Atmosphere Research Commission (Suparco), Eidul Azha is expected to fall on June 7, with the third day of Eid coinciding with the scheduled release of the Economic Survey.

Last week, Schehzad had already stated that the federal budget would be presented on June 10 and the Economic Survey would be published a day earlier, on June 9.

The government’s stance marks a reversal from an earlier announcement by Planning Minister Ahsan Iqbal, who had stated that the budget would be unveiled on June 2. At the time, he revealed a 16% cut in development funding, down to Rs921 billion, which could lead to the discontinuation of around 200 ongoing development projects.

Last year, Finance Minister Muhammad Aurangzeb presented his first federal budget, which had a total outlay of Rs18.9 trillion. The budget was widely viewed as aligning with the guidelines set by the International Monetary Fund (IMF). In his address, Aurangzeb emphasised the government’s commitment to broadening the tax base to reduce the financial burden on existing taxpayers.