Punjab Pairs Austerity with Growth
The plan includes Rs 752 billion for development and a 7% salary increase for provincial employees, officials said.
- On Tuesday, Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman presented the Rs 5,903.5 billion provincial budget for fiscal year 2026-27 in the Punjab Assembly, a "people-friendly" plan imposing no new taxes.
- Framed under Chief Minister Maryam Nawaz Sharif's "Economic Transformation Plan," the budget focuses on mega-infrastructure and tech-driven agriculture, which Sharif described as a "pivot toward sustainable prosperity."
- The government allocated Rs 750.1 billion to the education sector and Rs 500.6 billion to health, while dedicating Rs 272.8 billion for infrastructure and Rs 252.1 billion for public safety.
- Officials approved a 7% salary increase for provincial employees and a 3.5% pension adjustment for retirees, while the Punjab Revenue Authority targets Rs 516.5 billion in revenue, marking a 15% increase.
- Punjab projects Rs 4,390.9 billion from the federal National Finance Commission divisible pool and committed a Rs 546 billion surplus grant to support national economic stability targets.
14 Articles
14 Articles
Punjab pairs austerity with growth
The Punjab government unveiled on Tuesday Rs5.903 trillion surplus budget for coming fiscal year, showing reduced current expenditures, despite a 7% increase in salaries and 3.5% hike in pension, while a substantial amount of Rs803.88 billion for the local governments. Punjab Finance Minister Mian Mujtaba Shujaur Rehman presented the budget in the provincial assembly amid strong protest from the opposition. The session was also attended by Chief…
Punjab unveils 'people-friendly' FY27 budget with total outlay of Rs5.9tr
Opposition stages protest during PA session, rejects budget.Govt unveils Rs1,995 billion three-year development plan.Education sector receives Rs750bn allocation in budget proposals.Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman...
Punjab finance minister presents ‘people-friendly’ budget in assembly
Punjab Finance Minister Mian Mujtabaur Rehman presented the provincial budget on Tuesday after the cabinet approved a people-friendly Rs5.9 trillion budget for fiscal year 2026-27. Punjab Chief Minister Maryam Nawaz Sharif, provincial ministers and MPAs attended the session. The proposed budget for the upcoming fiscal year is 10.7pc higher than the current year’s, according to the budget speech. The Punjab government has projected total revenue…
Punjab budget to prioritise revenue growth, social welfare: Finance Minister
LAHORE - Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman will present the provincial budget for the fiscal year 2026–27 before the Punjab Assembly today (Tuesday) outlining the government’s strategy for boosting revenues, promoting investment, creating jobs, and strengthening social welfare programmes.
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