NEC approves economic targets, Rs4.7 trillion development plan

The National Economic Council (NEC) has approved key economic targets for the upcoming fiscal year. It has also endorsed the annual development programme.

The National Economic Council (NEC) has approved key economic targets for the upcoming fiscal year. It has also endorsed the annual development programme.

The meeting was held under the chairmanship of Prime Minister Shehbaz Sharif in Islamabad.

Chief ministers of Khyber Pakhtunkhwa, Sindh, and Balochistan attended the meeting in person. Punjab Chief Minister Maryam Nawaz joined through video link.

Officials said the meeting focused on economic planning for the next financial year. It reviewed macroeconomic targets and development priorities.

A detailed briefing was given on the proposed Annual Development Programme. The discussion included federal and provincial development needs.

Sources said the total size of the proposed development programme for the next fiscal year is Rs4,715 billion.

Out of this, Rs1,126 billion has been proposed for federal development projects. Rs3,138 billion is planned for provincial development schemes.

Officials also indicated that the federal Public Sector Development Programme (PSDP) may be increased by around Rs200 billion.

The meeting also reviewed the distribution of development funds between the federation and the provinces. Fiscal priorities for infrastructure, growth, and public services were discussed in detail.

Authorities said the approved framework reflects coordination between federal and provincial governments. It aims to streamline development spending for the coming financial year.

The NEC’s decisions will guide the upcoming federal budget and economic policy direction. Officials said the focus remains on sustainable growth and balanced development across regions.