The federal cabinet under chair of Prime Minster Nawaz Sharif Wednesday gives formal approval to the budget for the next financial year.

The cabinet reviewed the budgetary proposals in hours long meeting which held in Islamabad with Prime Minister Mian Muhammad Nawaz Sharif in the chair.

The Rs 3.5 trillion budget was formally approved by the Federal Cabinet.

The focus of the budget is on overcoming the energy crisis, stabilization of the economy, cutting down on non-development expenditures and enhancing productivity through new growth strategies.