The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts.

[13] On June 25 a revised Budget featuring new taxes, a raised the Petroleum Development Levy (PDL), a lifting of all restrictions on imports and various expenditure cuts were presented to the National Assembly and accepted the next day.

[1] Ishaq Dar claimed that the new budget would "make our fiscal deficit much better", adding "I hope, God willing, that we will have an agreement with the IMF."

[14] Five days after the Federal Budget was first presented to the National Assembly, the IMF would approve its $3 Billion bailout for Pakistan on 30 June.

This following politically risky measures taken by the Sharif government including raising taxes, reversing subsidies in power and export sectors, increasing energy and fuel prices, agreeing to a market-based currency exchange rate, cutting spending and revising the 2023-24 Federal Budget.

Micheal Kugelman writing "Islamabad waited until the very final hour to take the (politically risky) fiscal policy steps that the IMF had been hoping to see for months.

The IMF noted that the FY24 budget was "in line with the goals of supporting fiscal sustainability and mobilising revenue, which will enable greater social and development spending."

"It will be important that the budget is executed as planned, and the authorities resist pressures for unbudgeted spending or tax exemptions in the period ahead," the IMF stated.

[1] Ghias Khan, CEO and President of Engro Corporation said the budget 'enhanced tax burden on the already compliant formal sectors'.

Fahad Rauf, Head of Research at Ismail Iqbal Securities stated that "it does not seem like an election budget" other than pension and salaries increases.

According to Senior journalist Afshan Subohi "Dar presented a Rs14.5 trillion tax-free election budget without backing it up with convincing revenue streams."

Remaining neutral on promised relief measures but criticised the pensions and pay increase of government employees "[they] may be good but it leaves the majority to cope with the economic difficulties on their own," stating that they make only less than 2% of the population of 241 million dealing with historically highest inflation rates.

[24] Finance Secretary Imdad Ullah Bosal claimed that the Budget Statement describes "the government's response to the afore-mentioned challenges, in the shape of substantial pro-poor allocations for marginalized segments of society, austerity measures curtailing unnecessary government expenditure and investments in agriculture, industries and IT sectors to cater to the needs of economic recovery and growth.

"[25]: 26  Ishaq Dar in his Budgetary speech would claim that "the country has truly been saved from default, taken out of crisis and brought to the path of stability.