LAHORE: The Punjab government has unveiled a significantly reduced Annual Development Programme (ADP) of Rs752 billion for the fiscal year 2026-27, marking a nearly 40 per cent decline from last year’s Rs1.24 trillion development budget. The reduction comes after the province surrendered Rs749 billion to the federal government, resulting in tighter fiscal space for development […]
development spending
PM seeks bigger development budget ahead of FY27
ISLAMABAD: Prime Minister Shehbaz Sharif has directed economic authorities to increase the proposed federal Public Sector Development Programme (PSDP) allocation for the fiscal year 2026-27 by Rs200 billion, signalling the government’s intention to boost spending on development projects despite fiscal constraints. Read More: Provinces propose record Rs3.14 trillion development budget According to sources, the prime minister […]
Development fund utilisation jumps to 21% in first half
The utilisation of Pakistan’s federal development funds surged to 21 per cent in the first half of the current fiscal year (FY26), up from 9 per cent in the previous month, according to the Ministry of Planning and Development. Read More: SECP operationalises Capital Market Development Fund Between July and December 2025, ministries and divisions sanctioned […]
PSDP spending lags as government prioritises fiscal discipline
ISLAMABAD: Spending under Pakistan’s Public Sector Development Programme (PSDP) is moving slowly, with the government keeping disbursements tight to meet fiscal targets set by the International Monetary Fund (IMF). In the first four months (July–October) of FY26, total PSDP expenditure reached only Rs76 billion — just 7.6pc of the Rs1 trillion annual allocation — falling […]