AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

LAHORE: Punjab Finance Minister Mujtaba Shujaa-ul-Rehman has said that the Punjab government will not compromise on its share in the National Commission (NFC) Award and the federal government has not decided on this matter.

He expressed these views during a meeting with US Consul General in Lahore Christine Hackens here on Thursday.

On this occasion, the Minister told the US Consul General that in the forthcoming budget, subsidies would be provided to the transport, food and agriculture sectors while public-private partnerships would be utilised to ensure quality education in government schools.

“The Punjab government’s focus would primarily remain on education, healthcare, agriculture and environmental conservation sectors. Efforts will be made to provide modern teaching equipment to students and alleviate travel difficulties.

Moreover, investment would be made in solar systems to reduce electricity bills and private sector investment would be encouraged for mega projects,” he added.

He also disclosed that there would be no increase in taxes burdening the poor in the budget. He averred that instead of increasing property tax rates, changes would be made in the tax base to increase provincial resources. “A reasonable increase in property tax rates is proposed after five years. In the upcoming budget, skill development and internship programmes for youth would be introduced, while no final decision has been made yet regarding the Pink and Yellow Line trains,” he added.

Commenting on Punjab’s political situation, he said that the previous government not only affected the province’s financial policies but also other administrative matters. He condemned the opposition’s unserious attitude in the Punjab Assembly, saying most of the opposition’s concerns were related to education, healthcare, agriculture, and law and order, but their criticism lacks constructive solutions. “The Punjab government is actively working to address public issues,” he added.

Copyright Business Recorder, 2024

Comments

Comments are closed.