KARACHI: Karachi Mayor Murtaza Wahab on Sunday presented Rs63.95 billion annual budget of the Karachi Metropolitan Corporation for the fiscal year 2026-27in a packed to capacity Council Hall at the KMC Head Office.
In his speech, the mayor said that the budget was centered on development projects, municipal services and improving urban infrastructure.
KMC has projected current receipts at Rs42.50 billion, while capital receipts are estimated at Rs21.45 billion, the total expected receipts beingRs63.95 billion.
On the expenditure side, the KMC has allocated Rs43.82 billion for current expenditure, including Rs26.38 billion for establishment expenses, Rs14.19 billion under contingent expenditure and Rs3.25 billion for repair and maintenance.
Rs20.13 billion has also been earmarked for development activities, including Rs770.46 million for development works under the ADP, Rs7.91 billion for capital expenditure, and Rs11.45 billion for projects financed through foreign funding.
Also read: ‘KMC budget based on ‘unrealistic’ revenue estimates’
The budget remains balanced with no deficit that shows KMC’s commitment to maintaining fiscal discipline while expanding development initiatives.
Sector-wise allocations indicate that the engineering department received the largest share of the development budget at approximately Rs7.13 billion, followed by health services with Rs4.03 billion, municipal services Rs1.68 billion, and parks Rs794 million.
Significant allocations have also been made for KMC schools, sports, culture, libraries, information technology, fire services, and charged parking.
The budget also outlines allocations for key municipal functions, including sanitation, street lighting, infrastructure maintenance, public health, education, horticulture, urban planning and administrative services.
It portrays KMC’s strategy to improve service delivery and accelerate citywide development during FY2026-27.
Copyright Business Recorder, 2026
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