For a government that spent its first two years ‘firefighting’, this is the first budget that makes political choices.

The big boss may be IMF, but Pakistan remains a sovereign nation, not a subject of the Fund.

The FY27 budget is the first clear signal that the government is ready to transition from stabilisation to growth.

For a government that spent its first two years ‘firefighting’, this is the first budget that makes political choices.

Pakistan is seeing stabilisation without transformation, satisfied creditors without serving citizens & its most lauded fiscal achievement is deteriorating, even before it's fully…

For the equity market, the budget is positive as it avoids surprise tax measures and provides targeted support through lower taxes