Pakistan, May 30 -- President Asif Ali Zardari on Friday summoned parliament for the federal budget session on June 5, as the government prepares to present the country's annual fiscal plan amid economic uncertainty stemming from the Iran conflict and pressure to meet International Monetary Fund (IMF) reform targets.

Pakistan has spent recent years grappling with high inflation, dwindling foreign exchange reserves, a weakening currency, rising debt obligations and recurring balance-of-payments pressures that pushed the country to seek repeated financial support from the IMF.

While economic indicators have improved since Islamabad secured a $7 billion IMF bailout program in 2024, the government remains under pressure to widen the tax net...