Prime Minister Shehbaz Sharif has emphasized the importance of strong national security while addressing a federal cabinet meeting that approved the federal budget for FY2026-27. The statement came just before the budget is formally presented in Parliament.
During his remarks, PM Shehbaz noted that the PM Shehbaz budget speech reflected the government’s focus on economic stability and national resilience. He said no country can progress without ensuring a strong and “invincible” security framework.
The cabinet meeting, which approved the budget, marked a key step in the PM Shehbaz budget speech process. The prime minister confirmed that the third budget of his government had been prepared after facing multiple economic and geopolitical challenges.
He highlighted that the government plans to prioritize tax relief, energy development, and infrastructure expansion. He specifically mentioned water reservoirs, dams, and renewable energy projects including solar, wind, and battery storage as part of long-term planning.
Prime Minister @CMShehbaz signed the Annual #Budget 2026–27 documents following their approval by the Federal Cabinet at Parliament House, #Islamabad, on June 12, 2026@Financegovpk #RadioPakistan #News #budget26_27 pic.twitter.com/aYq6KpNUqu
— Radio Pakistan (@RadioPakistan) June 12, 2026
The prime minister also discussed extensive consultations with the International Monetary Fund (IMF), noting a recent conversation with IMF Managing Director Kristalina Georgieva, who reportedly appreciated Pakistan’s economic progress.
He further said the government held detailed discussions with coalition partners, including the Pakistan Peoples Party. Leaders such as PPP Chairman Bilawal Bhutto Zardari and other allies were thanked for their support in the budget-making process.
PM Shehbaz also acknowledged provincial leadership, including Punjab Chief Minister Maryam Nawaz, Sindh leadership, and others for their cooperation on fiscal matters. He stressed that national unity was essential for addressing economic and security challenges.
The prime minister concluded by stating that inflation has declined significantly and economic indicators have improved, expressing hope that the new budget would further accelerate growth if collective efforts continue across all institutions.
