An Exclusive Briefing on the Federal Budget 2009-2010 was organised by PILDAT for the Parliamentary Party of the Muttahida Quami Movement – MQM on June 15, 2009 in Islamabad.The objective behind the Briefing was to make the debate on the Federal Budget 2009-2010 in the Parliament more informed, meaningful and useful. The briefing was meant to provide analysis to the parliamentary party about various aspects of the budget especially in the light of the party manifesto and economic policies. This Report captures the key contents of the Briefing. The individualized briefing for the MQM was timed to take place during the 3-days break in the National Assembly session immediately after the presentation of the budget in the National Assembly on June 13, 2009. Dr. Salman Shah, former Advisor to the Prime Minister on Finance, upon the choice of the MQM, was invited to deliver analysis of the Budget 2009-2010 to the parliamentary party. The exclusive Briefing Session on Budget 2009-2010 was organised as part of the Parliamentary and Political Party Strengthening Project which is funded through Canada’s Department of Foreign Affairs and International Trade-DFAIT and is implemented jointly by the Parliamentary Centre, Canada and PILDAT.