ISLAMABAD: In Pakistan, the unexpected is always possible, and the government of Prime Minister Shahbaz Sharif is no exception, with some unique developments taking place.
Sources told Newzshewz that one of the most notable actions is the Special Investment Facilitation Council’s (SIFC)action in which it has also sought budget proposals from various ministries for the Financial Year 2025-26.
Although it is the responsibility of the Ministry of Finance to seek budget proposals from all stakeholders, it has already asked all ministries, the private sector, and the Chambers of Commerce and Industry to send their proposals for the budget for the financial year 2025-26. Similarly, the FBR has asked for proposals regarding taxes, the Ministry of Planning for the budget for development projects, and the Ministry of Economic Affairs for foreign funding.
Recently, SIFC in a letter titled ” budgetary proposals for FY 2025-26 focused on key areas for SIFC” to Ministries has stated that in preparation for the Fiscal Year 2025-26 budget, the Special Investment Facilitation Council requests the Ministries to forward budgetary proposals for inclusion in the broader economic strategy.
According to the letter SIFC, specifically seeks Ministries input on measures that need to be taken in the upcoming budget to: (i) boost private sector investments towards industrialization, manufacturing, and increasing domestic production;(ii) enhancing exports ; and (iii) attracting foreign investment.
Secretaries of Ministries have been requested to forward their proposals by March 3, 2025 (today) , to facilitate their timely integration and ensure their incorporation into the budgetary process.
This letter has been sent to Secretary, Ministry of Finance, Government of Pakistan, Islamabad, Secretary, Ministry of Industries & Production, Government of Pakistan, Islamabad, Secretary, Ministry of IT and Telecommunication, Government of Pakistan, Islamabad, Secretary, Ministry of Planning, Development & SI, Government of Pakistan, Islamabad, Secretary, Ministry of Defense Production, Government of Pakistan, Islamabad, Secretary, Ministry of Energy (Power Division), Government of Pakistan, Islamabad, Secretary, Ministry of Science and Technology, Government of Pakistan, Islamabad, Secretary, Ministry of Energy (Petroleum Division), Government of Pakistan, Islamabad, Secretary, Ministry of Maritime Affairs, Government of Pakistan, Islamabad, Secretary, Ministry of Overseas Pakistanis and HRD, Government of Pakistan, Islamabad, Secretary, Ministry of National Health Services Regulations and Coordination, Govt. of Pakistan, Secretary, Ministry of Commerce, Government of Pakistan, Islamabad, Secretary, Ministry of Water Resources, Government of Pakistan, Islamabad, Secretary, Ministry of National Food Security & Research, Government of Pakistan, Islamabad, Chairman, FBR, FBR Head Quarters, Revenue Division, Government of Pakistan, Islamabad and Chairman, Engineering Development Board, Islamabad.
Ends
