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No New Taxes: Chief Minister Maryam Nawaz Approves Rs5.34Tr Punjab Budget for FY2026–27
Punjab Chief Minister Maryam Nawaz Sharif has chaired the 35th provincial cabinet meeting to approve a tax-free, Rs5.34 trillion budget for FY2026–27. Dubbed a "budget of hope," the multi-trillion-rupee plan balances hefty federal revenue commitments with localized public relief, while the Punjab Revenue Authority has been directed to expand internal revenue collection without burdening citizens.
ND
by News Desk
2026-06-16
No New Taxes: Chief Minister Maryam Nawaz Approves Rs5.34Tr Punjab Budget for FY2026–27

Detailed Report

  • Cabinet Approval of the Outlay: Punjab Chief Minister Maryam Nawaz Sharif formally presided over the 35th provincial cabinet meeting on Tuesday, June 16, 2026, culminating in the official endorsement of a Rs5.34 trillion provincial budget for the fiscal year 2026–27. Labeling the massive package a "people-friendly" and development-centric text, the Chief Minister asserted that the administration leveraged the province’s own internal resources to optimize public relief while navigating tough domestic macroeconomic constraints.

  • Zero New Taxes and Federal Commitments: In a key fiscal disclosure, CM Maryam revealed that the FY2026–27 budget has been successfully synthesized without the imposition of any new taxes on the public. She acknowledged that while Punjab had to surrender a substantial financial share to the federation under current national distribution models, the provincial framework was intentionally calibrated to protect citizens from further inflationary pressures.

Revenue Enhancements and Austerity Directives: To sustain the multi-trillion-rupee layout without levying new public duties, the Chief Minister issued strict directives to the Punjab Revenue Authority (PRA). The PRA has been ordered to execute aggressive, structural measures to expand the existing tax net, maximize non-tax revenue collection, and insulate the province's independent financial capacity.

  • The Ministerial Drafting Team: The Chief Minister highly commended the joint efforts of the provincial leadership team that anchored the drafting process. Special praise was directed at Senior Minister Marriyum Aurangzeb, Provincial Finance Minister Mujtaba Shuja-ur-Rehman, Information Minister Azma Zahid Bukhari, Chief Secretary Zahid Akhtar Zaman, and Finance Secretary Mujahid Sherdil for collaborating to deliver a unified, welfare-focused economic roadmap.
Tagged:

#PunjabBudget2026 #MaryamNawaz #TaxFreeBudget #PunjabCabinet #PublicRelief #PRARevenue #BreakingNewsPakistan
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