Government to Present Federal Budget 2024-25 on June 12

Budget 2024-25

The federal government is set to present the federal budget for the fiscal year 2024-25 on Wednesday, June 12.

Initially scheduled for June 10, 2024, Finance Minister Muhammad Aurangzeb will now present the budget in Parliament on June 12, 2024, as reported by ProPakistani. The budget is expected to be tabled in the Upper House (Senate) on the same day it is presented in the National Assembly.

The upcoming fiscal year’s budget will be based on an exchange rate of Rs. 295/$, reflecting an increase of Rs. 10 from the Rs. 285/$ set for the current fiscal year. Although the Finance Division did not provide a specific reason for this adjustment, which is Rs. 17 higher than the latest interbank rate of Rs. 278/$, it is understood that the government aims to prevent a significant exchange rate collapse in FY25.