Balochistan budget to be presented on June 21

QUETTA: The Balochistan Government will present its budget for the fiscal year 2024-25 on Friday.

According to assembly sources, the session of Balochistan Provincial Assembly has been convened in this regard on June 21 (Friday) at 7 p.m.

Earlier, Punjab Finance Minister Mian Mujtaba Shujaur Rehman presented the province’s ‘tax-free’ budget for the fiscal year 2024-25, totaling 5.44 trillion rupees, amidst protests by the Sunni Ittehad Council (SIC).

The finance minister introduced a 5446 billion rupee budget, boasting a surplus of 630 billion rupees. He announced that 77 new mega projects would commence under the annual development program.

The Punjab government proposed up to a 25 percent increase in employee salaries and a 15 percent raise in pensions for retired employees. Additionally, the minimum wage for workers is proposed to increase from 32,000 rupees to 37,000 rupees.

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Rehman stated that the total revenue collection is projected at 4643.4 billion rupees, with 3,683.10 billion rupees expected from the National Finance Commission (NFC) Award.