Pakistan, June 10 -- ISLAMABAD - The budget documents for the fiscal year 2025-26 have been revealed ahead of the formal presentation in Parliament. According to details, the total proposed budget size is Rs17,573 billion. Of this, Rs1,000 billion is allocated for development spending, while non-development expenditures are projected to be Rs16,286 billion.

The government proposes Rs2 trillion in new taxes and a 2.5% reduction in income tax across all salary slabs. Salaries and pensions of government employees are expected to rise by 10%. Employees from grades 1 to 16 may also receive a 30% disparity allowance. Meanwhile, excise duties may be imposed on items like chips, soft drinks, and ice cream.

The documents suggest that the petrole...