According to the minister, Finance Minister Muhammad Aurangzeb will present the budget before the lower house of parliament.
The announcement marks another change in the budget timetable. The government had earlier planned to present the budget on June 5, before postponing it to June 10 due to consultations with coalition partners and discussions on key fiscal proposals.
In a post on X, Dr Tariq Fazal Chaudhry said summaries had been sent for convening sessions of both houses of parliament. He said the National Assembly session has been proposed for June 10 at 5pm, while the Senate session has been proposed for the same day at 4pm.
He added that the federal budget is expected to be presented on June 12.
Meanwhile, the meeting of the National Economic Council (NEC), scheduled for June 8, was postponed for the third time amid ongoing negotiations over the national development programme and the macroeconomic framework for the next fiscal year.
An updated schedule for the release of the Economic Survey of Pakistan and the federal budget has yet to be issued officially.
The development comes after the Pakistan Peoples Party (PPP), a key coalition ally, assured the Pakistan Muslim League-Nawaz (PML-N)-led government of its support for the passage of the budget.
According to sources, the assurance was conveyed during a high-level meeting between a PPP delegation led by President Asif Ali Zardari and Prime Minister Shehbaz Sharif at Aiwan-e-Sadr in Islamabad.
Sources said both sides reached broad agreement on most budget proposals, while technical committees would continue discussions on a few remaining issues before finalising the fiscal framework.
During the meeting, President Zardari emphasised the need to prioritise public welfare, provincial rights and economic stability in the upcoming budget. He also stressed that economic growth measures should be aligned with public welfare initiatives.
Parliamentary sources had earlier indicated that objections from coalition partners over certain proposed measures contributed to delays in the budget process, prompting the government to continue consultations.
Last week, Finance Minister Muhammad Aurangzeb said the government was working to build consensus among coalition partners and described the discussions as positive.
He said the budget was being prepared in consultation with the International Monetary Fund (IMF), allied parties and other stakeholders, with a focus on improving tax administration through enforcement measures and expanding the tax base.
The finance minister also reiterated the government s intention to avoid imposing new taxes while maintaining fiscal discipline, political consensus and economic stability.
Under constitutional requirements, the federal budget must be approved before June 30 so that it can take effect from July 1, the start of the new fiscal year.
According to budget documents, the federal government has proposed a development allocation of more than Rs1.1 trillion for fiscal year 2026-27, with spending planned across multiple sectors to support economic growth and infrastructure development.
