ISLAMABAD: The National Economic Council (NEC) on Wednesday approved the national development program for the fiscal year 2026-27, setting the total development outlay at Rs4.715 trillion.
The council reviewed key economic indicators and development priorities during a high-level meeting attended by provincial leadership and senior government officials. The approval clears the way for development spending plans for the upcoming fiscal year.
During the session, officials presented details of the development budget for the outgoing fiscal year and outlined proposed allocations for FY2026-27. The meeting also examined progress on major public-sector projects and assessed future investment requirements.
A detailed briefing was given on the annual development plans of all four provinces. Following discussions, the NEC approved the provincial development budgets and endorsed their proposed spending priorities for the next financial year.
The council also approved key economic targets for FY2026-27. These targets are expected to guide government planning and resource allocation in the coming year.
The chief ministers of Sindh, Balochistan and Khyber Pakhtunkhwa attended the meeting in person. Meanwhile, Maryam Nawaz joined the proceedings through a video link.
In addition, the council reviewed a monitoring and evaluation report covering several mega development projects. Officials briefed participants on implementation progress, project performance and future funding requirements.
The meeting also assessed public-sector investment levels for both the current and upcoming fiscal years. Discussions focused on improving development outcomes and ensuring efficient utilization of public resources.
Furthermore, the NEC took stock of the country’s broader economic and development objectives. Participants reviewed ongoing initiatives aimed at infrastructure development, economic growth and social sector improvement.
The approval of the Rs4.715 trillion development program marks a significant step in the government’s planning process ahead of the federal budget, which is expected to outline spending priorities and economic policies for FY2026-27.
