Islamabad: The Pakistan Banks Association (PBA) has welcomed the Federal Budget for FY 2026-27, highlighting that it marks a shift from crisis management to growth-focused policymaking. Banks praised the budget’s balance of fiscal discipline, with the deficit held at 3.6% of GDP and a primary surplus of 2%, alongside incentives for exporters, IT, and corporate sectors. The industry emphasized its readiness to finance economic growth using private credit rather than public borrowing. Key initiatives include restructuring power-sector circular debt and facilitating PIA privatization. Analysts project 4% GDP growth, signaling confidence in Pakistan’s recovery and long-term investment prospects.
