Pakistan’s Finance Minister Muhammad Aurangzeb announced a federal budget for Fiscal Year 2027 with significant cuts to government subsidies. Subsidies are reduced by 8 percent, totaling Rs1.09 trillion, as the government prioritizes fiscal consolidation and debt management. The budget focuses on revenue enhancement through tax measures and aims to reduce the fiscal deficit. Key areas of focus include energy sector reforms and streamlining expenditures. Aurangzeb emphasized the need for structural reforms to achieve sustainable economic growth and attract foreign investment. The budget also allocates resources for social safety nets, though the overall reduction in subsidies may impact certain sectors reliant on government support. The government projects economic growth and aims to stabilize the economy through these measures.