Pakistan’s 2025–26 Federal Budget: Between Security & Stability

In June 2025, Finance Minister Muhammad Aurangzeb tabled Pakistan’s Rs17.57 trillion (~$62 billion) federal budget, marking a notable 7% reduction in overall spending from the previous fiscal year apnews.com+12reuters.com+12arabnews.com+12. Though the budget reflects austerity, it simultaneously ramps up defence spending, signaling complex

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