AIRLINK 62.25 Decreased By ▼ -0.23 (-0.37%)
BOP 5.33 Decreased By ▼ -0.03 (-0.56%)
CNERGY 4.48 Decreased By ▼ -0.10 (-2.18%)
DFML 15.55 Increased By ▲ 0.05 (0.32%)
DGKC 65.60 Decreased By ▼ -0.80 (-1.2%)
FCCL 17.50 Decreased By ▼ -0.09 (-0.51%)
FFBL 27.62 Decreased By ▼ -0.08 (-0.29%)
FFL 9.32 Increased By ▲ 0.05 (0.54%)
GGL 10.00 Decreased By ▼ -0.06 (-0.6%)
HBL 104.81 Decreased By ▼ -0.89 (-0.84%)
HUBC 121.25 Decreased By ▼ -1.05 (-0.86%)
HUMNL 6.55 Decreased By ▼ -0.05 (-0.76%)
KEL 4.45 Decreased By ▼ -0.05 (-1.11%)
KOSM 4.50 Increased By ▲ 0.02 (0.45%)
MLCF 35.75 Decreased By ▼ -0.45 (-1.24%)
OGDC 122.26 Decreased By ▼ -0.66 (-0.54%)
PAEL 22.69 Decreased By ▼ -0.31 (-1.35%)
PIAA 31.54 Increased By ▲ 2.20 (7.5%)
PIBTL 5.77 Decreased By ▼ -0.03 (-0.52%)
PPL 106.84 Decreased By ▼ -0.66 (-0.61%)
PRL 27.20 Decreased By ▼ -0.05 (-0.18%)
PTC 18.41 Increased By ▲ 0.34 (1.88%)
SEARL 52.50 Decreased By ▼ -0.50 (-0.94%)
SNGP 62.75 Decreased By ▼ -0.46 (-0.73%)
SSGC 10.52 Decreased By ▼ -0.28 (-2.59%)
TELE 9.21 Increased By ▲ 0.01 (0.11%)
TPLP 11.25 Decreased By ▼ -0.19 (-1.66%)
TRG 69.90 Decreased By ▼ -0.96 (-1.35%)
UNITY 23.55 Decreased By ▼ -0.07 (-0.3%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,924 Decreased By -19.5 (-0.28%)
BR30 22,689 Decreased By -138.3 (-0.61%)
KSE100 66,973 Decreased By -169.3 (-0.25%)
KSE30 22,053 Decreased By -36.8 (-0.17%)

LAHORE: The Punjab government is expected to present the Annual Development Programme (ADP) for 2022-23 on June 13 with a focus on controlling skyrocketing inflation, unemployment, food security and energy crisis.

Sources familiar with the development told Business Recorder on Tuesday that the Punjab Finance Department is in final stages of completion of estimation of current expenditures while the process of allocation of developmental funds is also under way.

They said the provincial budget would be prepared in line with federal budget as it would primarily focus on controlling historic inflation, unemployment, food security and energy crisis on war footings. They said the government has also allocated fund for the Sehat Sahulat Programme.

Moreover, the Punjab Revenue Authority (PRA) would neither impose any new tax on services nor it would increase the ratio of existing taxes, according to the sources. They added that the government in the provincial budget has proposed measures for providing relief to the masses through electricity bills besides increasing purchasing power of the citizens.

The sources further said that almost all the departments have submitted their proposals and the Punjab finance department and the Planning and Development Board are working on them.

Responding to a query whether Punjab Chief Minister Hamza Shehbaz will present the upcoming budget in the provincial assembly since the government has not appointed any finance minister or given additional charge to anyone, a senior official of the Punjab finance ministry said it is unlikely that CM Hamza will present the budget.

Requesting anonymity, the official said, the finance ministry was currently abuzz with rumours that there is an ongoing tussle between the ruling PML-N government and its coalition partner Pakistan Peoples’ Party (PPP) as both wanted to bring in their own finance minister.

“However, it is being expected that Sardar Owais Ahmed Khan Leghari or former Punjab Finance Minister Mian Mujtaba Shuja-ur-Rehman will be given the portfolio of Ministry of Finance and he will present the annual Punjab budget for 2022-23,” added the source.

Copyright Business Recorder, 2022

Comments

Comments are closed.