Roundup: Pakistan targets 4.2 pct GDP growth for new fiscal year

ISLAMABAD, June 10 (Xinhua) -- Pakistan's Federal Minister for Finance and Revenue Muhammad Aurangzeb on Tuesday presented the federal budget for the fiscal year 2025-26, setting a gross domestic product (GDP) growth target of 4.2 percent, as the country aims to consolidate economic stability and promote inclusive, sustainable growth.

Addressing the budget session in the National Assembly, Aurangzeb said the total outlay for the federal budget stands at 17,600 billion rupees (about 63.18 billion U.S. dollars), which is 7 percent lower than the 18,900 billion rupees (about 67.84 billion dollars) allocated for the outgoing fiscal year.