Govt to prioritise high-value projects as development budget stands at Rs880bn only: Ahsan Iqbal

Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal on Monday said the government will have to prioritise high-value projects, as only Rs880 billion has been allocated for development in the upcoming budget for the fiscal year 2025-26.

The government has adopted austerity measures for the upcoming budget — set to be announced on June 10 — in line with the demands of the International Monetary Fund (IMF) to implement stricter spending policies and raise revenues...