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Punjab, KP budgets will be presented today

The provincial Finance Department spokesperson told media in Lahore that the next fiscal year’s budget would focus on pro-poor initiatives and controlling inflation.

He said no new tax will be imposed in the budget while special concessions and incentives given in the past would continue.

Provincial minister Awais Leghari will present Punjab’s budget for the fiscal year 2022-23 as differences have developed between the PML-N and PPP on the allocation of important ministries, causing the non-appointment of the finance minister.

Punjab chief minister Hamza Shahbaz has directed Awais Leghari to present the budget for 2022-23 as finance minister. The Punjab finance department has sent the budget speech to Awais Leghari.

The Punjab government will unveil the Punjab Budget tomorrow for the fiscal year 2022-23 with a total outlay of around Rs 3 trillion.

However, Punjab Chief Minister Hamza Shehbaz says no burden will be put on the poor people in the coming budget and steps will be taken to address the difficulties of the common man.

In a statement in Lahore, he said the focus of the provincial budget for next fiscal year will be on providing maximum relief to the masses in the present difficult circumstances.

Meanwhile, Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League Quaid (PML-Q) have finalised strategy regarding the upcoming Punjab Assembly session for budget 2022-23, ARY News reported on Sunday.

A joint session of PTI and PML-Q’s parliamentary parties was held under the chair of Chaudhry Pervaiz Elahi, Usman Buzdar and Sibtain Khan on Sunday. The session was also attended by Mahmoodur Rasheed, Dr Yasmin Rashid, Raja Basharat, Aslam Iqbal and other lawmakers.

The opposition lawmakers condemned the registration of cases and arrests of the leaders.

It has been decided to table a resolution in the Punjab Assembly against blasphemous remarks delivered by India’s ruling party BJP and lodge a strong protest.

On the other hand, the Khyber Pakhtunkhwa government will also present the provincial budget for the next fiscal year tomorrow.

The budget session of the provincial assembly will start at 3:00 pm in Peshawar.

Meanwhile, Minister for Finance and Revenue Miftah Ismail on Sunday said the Pakistan Tehreek-i-Insaaf (PTI) government added 79 percent in 45 months highest debt and liabilities during last 71 years of the country’s history.

In a tweet, the Finance Minister said “For the record: The total public debt under PTI went from Rs 24,953 billion to Rs 44,366 billion, an increase of 78%”.

He said the total debt plus liabilities went from Rs 29,879 billion to Rs 53,544 billion with an increase of 79 percent. The PTI has added 79 percent in 3.75 years of all debt plus liabilities added in the previous 71 years, he added.

Courtesy Bol News

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