Punjab Assembly approves Rs5.33tr tax-free budget
• 41 demands for grants okayed; eight cut motions presented by opposition rejected • Bill to set up autism centre tabled, among others • Treasury MPA slams ‘illegal raid’ by police LAHORE: The Punjab Assembly on Thursday passed a tax-free budget worth Rs5.33tr for the fiscal year 2025-26 with a majority vote. It also passed the Finance Bill 2025-26. No new taxes have been imposed in the budget, and the existing tax structure also remains unchanged. There are no changes to provincial revenues, property tax, or transport tax. No additional taxes have been levied on any sector, including industry, agriculture, health, or education. The focus of the budget, in the words of Finance Minister Mujtaba Shujaur Rehman, was on development, with 18 new projects allocated funds across various sectors as the government aimed to stay the course by encouraging economic activity without further tightening the tax net. Prior to this, 41 demands for grants totaling over Rs4,31bn for various depart...