DistantNews
Support us
Punjab cabinet approves 'people-friendly' provincial budget for FY2026-27
🇵🇰 Pakistan /Economy & Trade

Punjab cabinet approves 'people-friendly' provincial budget for FY2026-27

From Dawn · () English

Summarized and contextualized by DistantNews.

At a glance

News Named sources Approved/passed
  • Punjab's provincial cabinet approved the fiscal year 2026-27 budget, described as 'people-friendly'.
  • The budget was prepared without imposing new taxes, focusing on public welfare and development.
  • Chief Minister Maryam Nawaz Sharif emphasized efforts to provide relief to citizens despite economic challenges.

Punjab's provincial cabinet has formally approved a "people-friendly" budget for the fiscal year 2026-27, with Chief Minister Maryam Nawaz Sharif highlighting the government's commitment to citizen relief amidst economic challenges.

the government had made every possible effort to provide maximum relief to citizens and minimise the financial burden on them despite economic challenges and prevailing global conditions.

— Maryam Nawaz SharifDescribing the budget's focus on citizen relief

During the cabinet meeting, Sharif stated that the government had exerted maximum effort to minimize the financial burden on citizens, even while allocating a substantial share to the federation. She emphasized that the FY 2026-27 budget was crafted without introducing any new taxes, prioritizing public welfare, development, and prosperity. The budget is presented as a "budget of hope" designed to deliver relief through the province's own resources.

the FY 2026-27 budget had been prepared without imposing any new taxes and was focused on public welfare, development and prosperity.

— Maryam Nawaz SharifHighlighting the tax-free nature and priorities of the budget

Sharif directed the Punjab Revenue Authority to implement effective measures for enhancing revenue generation and strengthening the province's financial capacity. She expressed confidence that the budget would meet public expectations, commending the collaborative efforts of cabinet members and officials for their unified approach in preparing the document.

It is a budget of hope aimed at delivering relief to citizens through the provinces own resources.

— Maryam Nawaz SharifCharacterizing the budget's intent and funding approach

The Chief Minister also acknowledged the contributions of Senior Minister Marriyum Aurangzeb, Provincial Finance Minister Mujtaba Shuja-ur-Rehman, Information Minister Azma Zahid Bukhari, Chief Secretary Zahid Akhtar Zaman, and Finance Secretary Mujahid Sherdil, along with the entire team involved in the budget's preparation. She concluded with a prayer for continued sincere service to the people of Punjab.

I hoped the budget would meet the aspirations of the people as in previous years.

— Maryam Nawaz SharifExpressing confidence in the budget's reception
DistantNews Editorial

Originally published by Dawn. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog