BUDGET 2026-27: IMF-mandated curbs squeeze development spending

• Only Rs1.13tr allocated to PSDP against Rs4.1tr requirement; minister terms shortfall ‘new circular debt crisis’ • Record Rs4.715tr development plan unveiled • APCC resolves to divert resources to ongoing projects ISLAMABAD: Under tight International Monetary Fund (IMF) oversight, the government has trimmed allocations for most sectors in the next federal development programme to create additional fiscal space for the PML-N’s trademark national highways, a new Rs87 billion share for coaliti...

By none@none.com (Khaleeq Kiani)