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Punjab Finance Minister Hashim Jawan Bakht. Photo: File This is the biggest budget in history of the province, says Punjab Finance Minister Hashim Jawan Bakht.
The budget was unanimously approved by the Punjab cabinet
The total outlay of the budget is increased by more than 18%.
LAHORE: The Punjab government on Monday approved the proposed budget for the fiscal year 2021-22 today with an estimated total budget outlay of Rs2.653 trillion, including an Annual Development Programme (ADP) worth Rs560 billion.
Punjab Finance Minister Hashim Jawan Bakht presented the budget, which received unanimous approval from the Punjab Cabinet.
The Punjab Cabinet also approved the much-anticipated 10% increase in salaries and pension of provincial employees and also greenlighted the decision to increase the minimum wage of workers from Rs17,500 to Rs20,000.
Punjab to offer incentives to agri sector
Minister says projects will be launched to improve seed quality
Delivery of services at the district level is also being improved, Bakht said. PHOTO: FILE
LAHORE:
The government of Punjab has decided to double the development budget allocation for agriculture and introduce projects to improve the quality of seeds and agricultural services to boost production, said Punjab Finance Minister Hashim Jawan Bakht.
“Furthermore, the tax on agricultural services for the corporate sector will be reduced from 16% to 1% in a bid to turn the agriculture sector attractive for investment by the corporate sector,” he said while speaking at a pre-budget seminar on Thursday.