Under Article 75 of the Constitution, the president’s approval formalises the upcoming fiscal year’s budget, which will take effect from July 1, 2026.

The federal budget was presented before the National Assembly on June 12, 2026, by Federal Minister for Finance and Revenue Muhammad Aurangzeb.

Following debate, the House passed the Finance Bill 2026 on June 23, after a clause-by-clause consideration by rejecting all the amendments presented by the opposition.