Federal cabinet meeting underway in Islamabad

ISLAMABAD – A high-level meeting of the federal cabinet is currently underway in Islamabad, with Prime Minister Shehbaz Sharif presiding over the session. The agenda of the meeting includes the review and approval of the Finance Amendment Bill for the upcoming fiscal year.

Finance Minister Senator Muhammad Aurangzeb is scheduled to present a comprehensive briefing on the proposed amendments. The bill is expected to outline key fiscal measures, including tax reforms, revenue targets, and expenditure plans designed to meet International Monetary Fund (IMF) requirements and support economic stabilization efforts.

Following the minister’s presentation, the cabinet is expected to formally approve the bill, after which it will be forwarded to the National Assembly for debate and passage.

In addition to financial matters, the cabinet is also assessing the broader economic and political landscape. Discussions are focused on inflation trends, public sentiment around proposed tax changes, and pressures on the national economy.

The session will also include a briefing on the latest developments from the National Security Committee (NSC). This includes updates on internal security, border management, and regional affairs, especially in light of efforts to maintain national stability during a period of anticipated economic reform.

Given Pakistan’s ongoing fiscal challenges, this cabinet session carries significant weight. The decisions made today are expected to shape the country’s economic trajectory over the next 12 months, while also influencing its engagements with global financial institutions.