Pakistan, June 14 -- The Pakistan Banks Association (PBA) today welcomed the Federal Budget for FY 2026-27 as the first in years to move beyond crisis management and make deliberate choices for growth, without abandoning the discipline that earned Pakistan its recovery. The industry meets this moment from a position of genuine strength, backed by the most favourable macro backdrop in over a decade: a policy rate well off its peak, a primary surplus restored, and sovereign ratings upgraded by Moody's, Fitch and S&P. Pakistan's banks are ready to finance not just the State, but the wider economy.

The Budget keeps faith with fiscal discipline, holding the deficit at 3.6% of GDP and a primary surplus of 2%, while extending real relief throug...