Crucial National Economic Council meeting postponed
- Postponement suggests budget might get delayed
- NEC is Pakistan’s highest constitutional forum for economic planning and coordination between federal and provincial governments
The National Economic Council (NEC), chaired by Prime Minister Shehbaz Sharif, has postponed its crucial meeting, scheduled to be held tomorrow, to facilitate further deliberations on the upcoming budget.
“It is to inform that the meeting of the National Economic Council (NEC) scheduled on Wednesday, 3rd June, 2026, has been postponed. New date will be communicated in due time,” read the notice by the Cabinet Division.
The NEC is Pakistan’s highest constitutional forum for economic planning and coordination between the federal and provincial governments.
The government is expected to announce its federal budget for fiscal year 2026-27 on June 5, 2026 (Friday), as it targets a gross domestic product (GDP) growth of 4%.
However, the postponement of the NEC meeting suggests that the budget might get delayed. Local media reports suggested that it will be announced on June 8 or 10.
The budget comes as Pakistan navigates strict IMF-mandated fiscal curbs and seeks economic stabilisation.
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