
• Health, education get major allocations • Govt employees’ salaries up by 10pc • Minimum pay raised to Rs40,000 • 50,000 families to get house loans • Lahore remains priority for development schemes • Credible plan to boost tax revenues missing LAHORE: The PML-N government in Punjab on Monday proposed a Rs5.33 trillion annual budget for the fiscal year 2025-26, focusing primarily on large infrastructure schemes and freebies for the urban middle classes, especially the youth, as well as small industries and farmers to regain the political ground it had lost in its stronghold in the 2024 election. The budget features a record Rs1.24tr Annual Development Programme (ADP), which is Rs240 billion or 25pc greater than the federal Public Sector Development Programme (PSDP), and commits to produce Rs740bn in estimated provincial surplus to meet a key IMF goal to hold down consolidated federal budget deficit. The Provincial Consolidated Fund also includes a one-time income of Rs160bn under the head of ‘supernumer...