Pakistan starts preparations for new fiscal year's budget
The government expects healthy growth in remittances and exports in the fiscal year starting from July 1

Haris Zamir
Business Editor
Experience of almost 33 years where started the journey of financial journalism from Business Recorder in 1992. From 2006 onwards attached with Television Media worked at Sun Tv, Dawn Tv, Geo Tv and Dunya Tv. During the period also worked as a stringer for Bloomberg for seven years and Dow Jones for five years. Also wrote articles for several highly acclaimed periodicals like the Newsline, Pakistan Gulf Economist and Money Matters (The News publications)

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The Pakistan government has commenced preparation for the budget for fiscal year 2025-26 (FY26), in which it is expected to set historic high exports and remittance targets on hopes of higher economic growth and increasing job opportunities in the Middle East.
Sources in the Ministry of Finance revealed to Nukta that the government expects healthy growth in remittances and exports in the fiscal year starting from July 1.
During the current fiscal year, it is expected that remittances and exports would likely cross the stipulated target set at the time of announcement of budget in June last year.
Exports during the current fiscal year have been estimated to reach around $32.98 billion against the set target of $32.34 billion, the sources said.
During the previous fiscal year, export receipts stood around $30.96 billion.
Moreover, in the current fiscal year, remittance arrivals might touch historic high of $35.23 billion whereas the government's target was around $30.27 billion. In the preceding fiscal year, remittances touched $30.25 billion.
During the current fiscal year, imports might surge to nearly $58.98 billion compared with earlier estimates of $57.28 billion. The imports would be higher against the estimates because of the removal of restrictions on dollar-buying and recovery in some sectors.
However, a worrisome factor has been a continuous decline in the industrial production which is still showing negative trends.
For the financial year 2025-26, exports and remittances have been estimated at $36.12 billion and $37 billion, respectively, according to the sources.
In the new fiscal year, the government has set a target of $66.25 billion for imports.
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