PML-N Lawyers Forum Punjab Praises Federal Budget for Sustainable Economic Growth

Strategic Insights -

The Pakistan Muslim League-Nawaz (PML-N) Lawyers Forum Punjab has welcomed the federal budget for the fiscal year 2025-26, describing it as balanced and people-friendly. According to the forum, the budgetary measures will help stabilize the national economy and steer it onto a path of long-term development. The allocations made under the Public Sector Development Programme (PSDP) have been particularly commended for their focus on water, energy, and road infrastructure projects, which are expected to generate employment opportunities and revitalize the economic engine.

Key Takeaways:

  • The PML-N Lawyers Forum Punjab has praised the federal budget for the fiscal year 2025-26, describing it as balanced and people-friendly.
  • The budgetary measures are expected to help stabilize the national economy and steer it onto a path of long-term development.
  • The allocations made under the Public Sector Development Programme (PSDP) focus on water, energy, and road infrastructure projects.
  • The construction sector, which plays a pivotal role in supporting multiple allied industries, has been highlighted as significant.
  • The government's decision to reduce withholding tax and introduce other facilitative measures for property purchases has been welcomed.
  • The allocation of Rs 716 billion for the Benazir Income Support Programme (BISP) alongside other welfare initiatives has been commended.
  • The budgetary relief provided to the salaried class through tax reductions has been acknowledged.
  • Incentives announced for both serving and retired government employees have been praised.
  • The decision not to impose any new taxes on fertilizers and pesticides has been noted as a support for the agriculture sector.

Statistics:

  • Rs 716 billion allocated for the Benazir Income Support Programme (BISP)
  • Allocations made under the Public Sector Development Programme (PSDP) focus on water, energy, and road infrastructure projects for fiscal year 2025-26
  • Estimated employment opportunities generated from the PSDP allocations
  • Reduction in withholding tax rate for property purchases

Sources:

  • PML-N Lawyers Forum Punjab
  • Press release, PML-N Lawyers Forum Punjab, February 21, 2023