Pakistan Approves Ambitious Development Budget Amid Water Disputes
Pakistan's National Economic Council, led by PM Shehbaz Sharif, approves a Rs 4,224 billion development budget with a 4.2% GDP growth target for FY 25-26. The council also addresses the Indus Water Treaty dispute with India, emphasizing the importance of agriculture in boosting foreign exchange and growth.
- Country:
- Pakistan
In a significant move, Pakistan's National Economic Council, spearheaded by Prime Minister Shehbaz Sharif, has sanctioned a national development budget amounting to Rs 4,224 billion. This budget comes with an ambitious GDP growth target of 4.2% for the fiscal year 2025-26.
The meeting, which saw participation from provincial leaders, underscored current economic achievements, including a GDP growth of 2.7% for the current fiscal year ending June 30. However, a central point of concern remains India's abeyance of the Indus Water Treaty, which Sharif has openly criticized, citing its threats to Pakistan's water resources.
Approved initiatives also included the 13th five-year development plan and the Uraan Pakistan Framework. These measures focus on health, education, infrastructure, and more, aiming to reinforce macroeconomic frameworks while fostering inter-ministry collaboration to meet the country's set targets.
(With inputs from agencies.)
ALSO READ
College Land Transformed: Agriculture Plot Becomes New District Hospital Site
Japan's New Agriculture Minister Targets Affordable Rice
Harnessing Treated Sewage for Sustainable Agriculture in Haryana
U.S. Agriculture Secretary Introduces SNAP Waivers
Shehbaz Sharif's Diplomatic Mission: Strengthening Ties Post-Conflict
Google News