Budget 2025-26: Treasury defends, opposition critiques fiscal strategy

ISLAMABAD : Lawmakers in the Senate on Monday continued the debate on the Federal Budget 2025-26, with members from both treasury and opposition benches turning back to the budget, he underscored the need for generating employment opportunities for the youth, terming it essential for providing relief to the common man.
Taking part in the debate, Parliamentary Leader of Pakistan Tehreek-e-Insaf (PTI) in the Senate, Senator Syed Ali Zafar on national security, said that Pakistan had successfully defended itself in conflict against India, and earned recognition as a formidable aerial power. “The world knows us as the king of skies. Our defense is in safe hands and the nation feels secure,” he added.
Referring to the recent Israeli strike on Iran, he drew parallels with regional dynamics, stating, “The pattern is evident—first India attacks Pakistan, now Israel targets Iran. This escalation is a dangerous trend, and Israel’s use of advanced weaponry poses broader regional risks.” He warned that the danger for Pakistan was not over, citing Indian Prime Minister Narendra Modi’s “agenda of regional destabilization.”
Senator Zafar emphasized the need for national unity in the face of external threats. “If we are to succeed diplomatically and strategically, we must put our differences aside and stand united,” he remarked.
He also expressed concern over the economic fallout of the Israel-Iran conflict, which has triggered a rise in global oil prices, impacting Pakistan’s economy.
Ali Zafar pointed out the imposition of petroleum and carbon taxes, warning that these measures would burden the common citizen. “Although these taxes are justified under climate initiatives, their impact on daily life cannot be ignored,” he said.
Commenting on the enhanced powers granted to the Federal Board of Revenue (FBR), particularly the authority to make arrests, Senator Zafar called for a thorough review of the policy.
“Even though the government has indicated reconsideration, such steps require careful assessment,” he noted.
He also express concerned the proposed 18% General Sales Tax (GST) on solar panels, arguing it would undermine Pakistan’s climate commitments. “This move contradicts our environmental goals and discourages clean energy adoption,” he said.