Overview

• The 2025 assessment says Pakistan’s defence and intelligence budgets lack adequate parliamentary or civilian oversight.
• Washington urges Islamabad to release the executive budget proposal within a reasonable period to enable informed public debate.
• The report calls for detailed disclosure of government debt, including liabilities of major state‑owned enterprises, to strengthen accountability and investor confidence.
• Reviewers note Pakistan’s enacted budget and end‑of‑year reports are publicly accessible and audited by a supreme audit institution that meets independence standards.
• The findings land as Pakistan’s 2025–26 budget totals Rs17.57 trillion, with Rs9.7 trillion for debt servicing and Rs2.55 trillion for defence, nearly 20% higher than last year.