23 h. ago Punjab announces 10% salary hike, 5% pension increase in ‘people

LAHORE – The Punjab government has announced a 10% increase in salaries and a 5% rise in pensions for government employees under the 2025–26 provincial budget, which officials describe as “people-friendly” and focused on development. Punjab Finance Minister Mujtaba Shuja ur Rehman shared the details during his budget speech at the Punjab Assembly on Monday. […]

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26 h. ago Punjab unveils Rs5.3 trillion budget with 10% pay raise and no new taxes

Punjab’s Finance Minister Mujtaba Shuja-ur-Rehman presented the provincial budget for the fiscal year 2025–26, with a total volume of Rs5,335 billion. The budget session took place in the Punjab Assembly on Monday, while Chief Minister Maryam Nawaz and her cabinet joined virtually from Iran due to official commitments. Meanwhile, opposition members gathered before the speaker’s […]

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51 h. ago Sindh CM unveils bold budget plan, slams centre over withheld funds and project cuts

KARACHI – Sindh Chief Minister Murad Ali Shah laid out the province’s fiscal and development agenda during a post-budget press conference on Saturday, while sharply criticising the federal government for financial shortfalls. He revealed that Sindh was informed just a day before the budget announcement that Rs105 billion in expected federal funds would be withheld. […]

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63 h. ago Sindh, KP up in arms for ‘being ignored’ in federal projects

Sindh Chief Minister Murad Ali Shah criticised the federal government for failing to meet its financial commitments to the province, while promising enhanced development and relief measures in the 2025-26 budget. Speaking at a post-budget press conference on Saturday, Shah said the provincial budget totalled Rs3.45 trillion, with a record Rs1.018 trillion allocated for development […]

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2 d. ago KP’s Finance Advisor terms provincial budget ‘realistic, development

PESHAWAR: Khyber Pakhtunkhwa’s Finance Advisor, Muzzammil Aslam, announced that the provincial government has prepared a realistic budget for 2025-26, focusing on financial discipline and development needs without taking new loans. Addressing a post-budget press conference, he said that KP did not receive its full share of funds under the National Finance Commission (NFC) and Annual […]

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3 d. ago Karachi set for major overhaul with new roads, electric buses, and AI surveillance

KARACHI: Chief Minister Murad Ali Shah has laid out an ambitious urban transformation plan for Karachi in the provincial budget 2025-26. The city will undergo wide-ranging upgrades, including road rehabilitation, improved drainage systems, and better water supply networks. The plan focuses on both aging infrastructure and neglected neighborhoods across South, Central, East, and Korangi districts. […]

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3 d. ago Sindh CM unveils Rs3,450 billion budget with record development plans

Sindh Chief Minister Murad Ali Shah has presented a record Rs3,450 billion budget for the fiscal year 2025–26. He announced that the province plans to complete 1,460 development schemes this year, a significant jump from 603 last year. The chief minister emphasized that if the federal government releases full funds, the development budget may increase […]

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3 d. ago ‘won’t act under political pressure,’ Kundi refuses to summon KP budget session

KP provincial assembly’s budget session was scheduled for Friday PESHAWAR: “What is being described as an assertion of constitutional authority,” Khyber Pakhtunkhwa Governor Faisal Karim Kundi declined to immediately summon the provincial assembly’s budget session scheduled for Friday, asserting he would not act under “political pressure.” Defending his stance, the governor emphasized that while he […]

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3 d. ago KP unveils Rs2.1 trillion budget with pay hikes, reforms and development focus

  PESHAWAR: The Khyber Pakhtunkhwa government has announced a Rs2.119 trillion budget for the fiscal year 2025-26. The budget proposes a 10% increase in salaries for government employees and a 7% hike in pensions. The provincial minimum wage has also been raised from Rs36,000 to Rs40,000. Provincial Finance Minister Aftab Alam presented the budget, highlighting […]

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4 d. ago KP governor delays approval for budget session, cites constitutional window

Peshawar – Khyber Pakhtunkhwa Governor Faisal Karim Kundi has delayed signing the summary to call the provincial budget session. The summary was sent by Chief Minister Ali Amin Gandapur to convene the assembly for presenting the annual budget. Governor Kundi confirmed receiving the request but chose not to act on it immediately. He said he […]

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5 d. ago Punjab CM approves 10% raise in salaries, 7% in pensions of govt employees

CM convenes Punjab Cabinet for budget approval on June 13 before its presentation in Provincial Assembly LAHORE: A day after the announcement of the federal budget for fiscal year 2025-26, Punjab Chief Minister Maryam Nawaz on Wednesday approved a 10 percent raise in salaries and a seven percent raise in the pensions of the provincial […]

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5 d. ago Govt proposes allocation of Rs 1.75bn for PMO expenses in FY26 budget

ISLAMABAD: The federal government has proposed an allocation of Rs 1.754 billion for the Prime Minister’s Office (PMO) expenses in the 2025-26 budget, marking an increase from the current fiscal year’s revised budget of Rs 1.453 billion. The proposed allocation includes over Rs 87 million for the internal expenses of the PMO, while Rs 896.542 […]

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6 d. ago Federal government takes 16 development projects from Sindh, assigns them to housing ministry

The federal government has transferred 16 key development projects in Sindh to the Ministry of Housing instead of the provincial government. Chief Minister Sindh, Syed Murad Ali Shah, called this move an attack on provincial autonomy. These projects are part of the budget for 2025-2026, aimed at improving infrastructure in major cities across Sindh. The […]

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9 d. ago PSX urges resolution of sales tax disputes among provinces in budget FY26 proposals

The Pakistan Stock Exchange (PSX) has called on federal and provincial governments to address conflicts over the collection of sales tax on services. PSX wants the Council of Common Interest (CCI) to resolve the jurisdiction differences among provinces. They hope CCI will create a fair revenue-sharing formula for each province to end the ongoing dispute. […]

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9 d. ago Sindh CM vows budget relief for salaried class, slams power companies

SEHWAN – Sindh Chief Minister Murad Ali Shah has assured the public that the upcoming provincial budget will bring much-needed relief for the salaried class. Speaking to the media in his hometown, he acknowledged the severe impact of inflation on working individuals and promised that the Sindh government is committed to easing their financial burden. While […]

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last month IMF satisfied with economic performance of Centre, provinces

The International Monetary Fund (IMF) on Saturday expressed satisfaction with the economic performance of the federal and provincial governments following virtual negotiations with provincial authorities. According to sources, the IMF delegation demanded that provinces should impose income tax on agricultural income in the upcoming budget while asking the provinces to generate funds on their own […]

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