BR100 Increased By (1.02%)
BR30 Increased By (1.71%)
KSE100 Increased By (0.58%)
KSE30 Increased By (0.65%)
BECO 6.03 Increased By ▲ 0.26 (4.51%)
BML 52.61 Decreased By ▼ -0.39 (-0.74%)
BOP 34.23 Increased By ▲ 0.24 (0.71%)
CNERGY 8.16 Increased By ▲ 0.05 (0.62%)
DCL 12.23 Increased By ▲ 0.03 (0.25%)
FCCL 53.80 Increased By ▲ 0.97 (1.84%)
FCSC 5.24 Increased By ▲ 0.17 (3.35%)
FFL 18.03 Increased By ▲ 0.08 (0.45%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.00 Increased By ▲ 0.12 (1.1%)
KEL 8.07 Increased By ▲ 0.05 (0.62%)
KOSM 5.39 Decreased By ▼ -0.13 (-2.36%)
MLCF 87.90 Increased By ▲ 1.39 (1.61%)
NBP 186.60 Increased By ▲ 1.44 (0.78%)
PACE 10.75 Increased By ▲ 0.17 (1.61%)
PAEL 39.95 Increased By ▲ 0.53 (1.34%)
PIAHCLA 26.19 Decreased By ▼ -0.03 (-0.11%)
PIBTL 17.32 Increased By ▲ 0.65 (3.9%)
PPL 233.49 Increased By ▲ 5.31 (2.33%)
PRL 34.98 Increased By ▲ 0.30 (0.87%)
PTC 67.71 Increased By ▲ 2.38 (3.64%)
SEARL 90.90 Increased By ▲ 0.77 (0.85%)
SSGC 27.20 Increased By ▲ 0.60 (2.26%)
TELE 8.57 Increased By ▲ 0.29 (3.5%)
THCCL 60.85 Increased By ▲ 2.35 (4.02%)
TPLP 8.78 Increased By ▲ 0.56 (6.81%)
TREET 24.65 Increased By ▲ 0.12 (0.49%)
TRG 71.50 Increased By ▲ 1.79 (2.57%)
WAVES 10.01 Increased By ▲ 0.07 (0.7%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)

LAHORE: The provincial cabinet, in a meeting held under the chairmanship of Chief Minister Hamza Shehbaz, on Monday approved the Punjab budget 2022-23 along with the Annual Development Programme (ADP).

The cabinet also approved the financial bill for financial year 2022-23, as well as a supplementary budget, and revised estimates for the financial year 2021-22. The cabinet approved an increase in the salaries and pensions of government employees. Payment of a 15 percent special allowance was approved along with the endorsement of the MoU for providing free medicines to cancer patients.

Addressing the meeting, CM Hamza Shehbaz appreciated that the ministers, chairman P&D, finance secretary and concerned officials worked hard to draft the prudential document. The budget proposes measures to provide meaningful relief to the people, he argued and added that the budget has been designed in consultation with the political and administrative members of the team as he believes in consultation.

The decisions of the first cabinet meeting were also endorsed by the participants. The ministers, chief secretary and secretaries of relevant departments attended the meeting.

Earlier, the CM while addressing the provincial parliamentary party meeting said, “No doubt, we are confronting challenges but by the grace of Allah Almighty we will convert the challenges into opportunities and will create ease and comfort for the common man. I myself go to the field in order to redress the grievances of the common man. We will provide maximum relief to the distressed people owing to economic conditions. We have proposed steps to provide relief to the poor segment of society in the coming budget”.

Hamza stated, “I am hopeful that we will overcome the crisis soon and the economy will soon come on the track. We are having majority in the Assembly and the coming budget will be approved”.

Copyright Business Recorder, 2022

Comments

Comments are closed for this article.