Latest news with #PakistanEconomicSurvey2024
Business Recorder
12-06-2025
- Business
- Business Recorder
PCJCCI president expresses satisfaction over Economic Survey, federal budget
LAHORE: Nazir Hussain, President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), appreciated the government's launch of the Pakistan Economic Survey 2024–25 and Budget 2026, calling them strong indicators of Pakistan's commitment to economic stability, investment, and regional connectivity through the China-Pakistan Economic Corridor (CPEC). He emphasized that CPEC was playing a transformative role in building infrastructure, boosting trade, and creating job opportunities, especially through key projects in road, port, energy, and urban development. He added that the completion of several major infrastructure projects under CPEC, including the Multan-Sukkur and Hakla-D I Khan motorways, and the operationalization of the New Gwadar International Airport was already improving logistics, reducing travel time, and opening new trade corridors. Brig Mansoor Saeed Sheikh (retd), Senior Vice President PCJCCI particularly praised the progress in Gwadar, where the Gwadar Port and Free Zone have seen over $250 million in investment from the China Overseas Ports Holding Company Limited (COPHCL), enabling operations in logistics, manufacturing, fisheries, and finance. With generous incentives like a 23-year tax holiday, full foreign ownership, and one-window facilitation, Gwadar is rapidly becoming a strategic commercial hub for the region. Zafar Iqbal, Vice President PCJCCI said that Budget 2026 had also allocated significant funding under the Public Sector Development Programme (PSDP) for ongoing and new CPEC projects, including infrastructure development in Gwadar, land acquisition, and the second phase of the East Bay Expressway. He also highlighted achievements in social infrastructure, such as the completion of a 1.2 million-gallon-per-day desalination plant to address water scarcity in Gwadar, and progress in digital connectivity, including the completion of a cross-border optical fibre cable. Salahuddin Hanif, Secretary General further welcomed signs of macroeconomic stabilization, with inflation recorded at 4.6 percent and GDP growth at 2.7 percent in the outgoing fiscal year. These are positive signs for investor confidence. Chinese businesses are already showing renewed interest, and CPEC's next phase will focus on job creation, industrial development, and local empowerment. The PCJCCI reaffirmed its commitment to promoting bilateral trade, facilitating business partnerships, and supporting the government's development goals under CPEC and Budget 2026. 'CPEC is not just an economic corridor it's a symbol of long-term cooperation and shared prosperity. The foundation has been laid. Now it's time to build on it, together.' Copyright Business Recorder, 2025
Express Tribune
23-05-2025
- Business
- Express Tribune
Govt to present 2025-26 budget after Eidul Adha
The government will present the federal budget for the year 2025-26 on Tuesday, June 10, the advisor to finance minister Khurram Schehzad confirmed on Friday. In a post on X, he shared, "The Federal Budget for FY 2025-26 will be presented on June 10, 2025." The Pakistan Economic Survey 2024-25 is set to be released a day earlier, on June 9, 2025, he added. Federal Budget 2025-26 Announcement The Federal Budget for FY 2025–26 of Pakistan will be presented on June 10, 2025. The Pakistan Economic Survey 2024–25 will be released a day before the Federal Budget, on June 9, 2025.@Financegovpk#PakistanBudget #EconomicSurvey #MoF — Khurram Schehzad (@kschehzad) May 23, 2025 This means the budget will be presented after Eidul Adha, which is expected to fall on June 7. Earlier reports had suggested that Finance Minister Muhammad Aurangzeb will present the budget on June 2 in the National Assembly. However, due to ongoing negotiations with the International Monetary Fund, the government has opted to delay the presentation by a week to address any unresolved issues.
