New tax rates effective from July 1 increase annual levies on heavy transport vehicles and raise ad valorem taxes for higher-engine-capacity private vehicles.
(more…)Tag: punjab budget
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Punjab makes e-payment mandatory for property tax transactions
Punjab Finance Act, 2026 introduces compulsory electronic tax payments and replaces the monthly late payment surcharge with a quarterly mechanism.
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Punjab Government Decides to Increase Salaries by 7 percent, Pensions by 3.5 percent
Rs5.9 trillion budget prioritises development, education and public welfare
LAHORE, June 16, 2026 — The Punjab government decides to increase salaries by 7 percent and pensions by 3.5 percent as part of its Rs5.903 trillion Budget 2026–27, unveiled on Tuesday with a strong focus on development spending, public welfare and economic stability.
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Punjab Unveils Rs5.9 Trillion Budget for FY2026-27, Boosts Development Spending
Education, health and infrastructure receive major allocations in pro-growth budget
LAHORE, June 16, 2026 — The Punjab government on Tuesday unveiled a Rs5.903 trillion budget for fiscal year 2026-27, increasing overall spending by 10.7 percent from the previous year and allocating higher funds for development, education, healthcare and public welfare programmes.
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Punjab Finance Bill 2025 introduces sweeping sales tax reforms
LAHORE, June 20, 2025 – The Punjab government has unveiled far-reaching changes to its sales tax regime under the Punjab Finance Bill 2025, marking a major structural reform aimed at expanding the tax base and digitizing the provincial economy.
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Punjab announces salary, pension increases in 2025-26 Budget
Lahore, June 16, 2025 – The Punjab government has announced a 10% increase in salary and a 5% increase in pension for provincial government employees as part of its budget for the fiscal year 2025-26.
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Punjab unveils Rs5.34 trillion budget for FY2025-26
Lahore, June 16, 2025 – The Government of Punjab presented a record-breaking budget of Rs5.34 trillion for the fiscal year 2025-26, marking a significant leap in development spending and fiscal targets.
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Punjab Announces 25% Raise in Salaries in 2024-25 Budget
LAHORE, June 13, 2024 – The government of Punjab has announced a 25 percent increase in salaries for provincial government employees, effective from July 1, 2024.
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Punjab Allocates Rs 842 Billion for Development Budget 2024-25
LAHORE, June 13, 2024 – In a significant move to bolster the province’s development, Punjab has allocated Rs842 billion for its Annual Development Plan in the budget for the financial year 2024-25.
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Punjab Presents Rs 5.4 Trillion Tax-Free 2024-25 Budget
LAHORE, June 13, 2024 – Punjab Finance Minister Mujtaba Shuja-ur-Rehman presented the provincial budget for the financial year 2024-25 in the assembly session on Thursday.
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