As 2025 comes to a close, let's reflect on the financial landscape. In Pakistan, the fiscal year 2025-26 began on July 1, 2025, and will end on June 30, 2026. The federal budget for 2025-26 was presented by Finance Minister Muhammad Aurangzeb, with a total outlay of Rs 17.573 trillion ¹.

Globally, the International Monetary Fund (IMF) has released its Annual Report 2025, highlighting the organization's financial statements and key developments ².

In India, the financial year 2024-25 ended on March 31, 2025, with the assessment year being 2025-26. This means taxpayers have until July 31, 2025, to file their income tax returns ³.