National Economic Council to meet on June 8 to approve FY27 development budget

Prime Minister Shehbaz Sharif has called a meeting of the National Economic Council (NEC) on June 8 to consider the development budget for fiscal year 2026-27 and review the country’s economic priorities for the coming year, The News reported, citing sources. 

The prime minister will chair the meeting, which will be attended by federal ministers, chief ministers of all four provinces, the prime minister of Azad Jammu and Kashmir and the chief minister of Gilgit-Baltistan.

The NEC meeting was previously scheduled for June 3 but was postponed to allow further consultations and build consensus with the Pakistan Peoples Party (PPP).

According to sources, the council is expected to approve the development budget for FY2026-27 before the presentation of the federal budget.

Pakistan’s Economic Survey 2025-26 is scheduled to be presented on June 9, providing a detailed assessment of the country’s economic performance during the outgoing fiscal year.

The National Assembly’s budget session is expected to be held at 5 pm on Wednesday, June 10, while the Senate will meet at 6 pm on the same day. Summaries for convening both parliamentary sessions had already been sent.

Finance Minister Muhammad Aurangzeb will present the federal budget for FY2026-27 in the National Assembly. He is also scheduled to address a post-budget press conference on June 11 to brief the media on the budget’s measures and allocations.