Punjab govt to present budget on June 16
The Punjab govt to present budget on June 16 Pakistan is one of the most expected financial statements in Pakistan, especially for administration employees, pensioners, and property owners. With rising inflation and economic challenges, people are keen to know how much their pensions will increase, what changes will be made in salary tax slabs, and what novel rules will be introduced for property taxes.
The Punjab government has rescheduled its budget performance to June 16, 2025, instead of June 13, as more time was needed for necessities. Punjab Finance Minister Mujtaba Shuja-ur-Rehman has promised a tax-free budget, meaning no new taxes will be levied on the public. Moreover, the province is likely to declare a record-breaking change budget of over Rs353 billion, lid 853 change schemes.
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Below is a quick overview of key budget highlights:
| Topic | Details |
| Pension Increase | Expected 10-15% raise for government pensioners (final decision pending) |
| Salary Tax Slabs | Possible adjustment in tax brackets to provide relief to low-income earners |
| Property Taxes | Potential changes in capital gains tax and property valuation rates |
| Budget Presentation | Punjab & Sindh budgets to be presented on June 16, 2025 |
| Development Budget | Punjab allocates Rs353 billion for 853 development schemes |
How Much Pension Increase in Budget 2025-26 Pakistan?
Expected Increase in Pension
Government employees and retirees are expectant a 10-15% increase in annuities in the Punjab govt to present budget on June 16 . Last year, incomes were high by 12.5%, and this time, unpaid to high rise, a similar or somewhat higher rise is anticipated.
Who Will Benefit?
- Federal & provincial government pensioners
- Retired armed forces personnel
- Widows and family pension recipients
When Will It Be Announced?
The last choice will be long-established in the Federal Budget 2025-26, predictable in late June 2025.
Budget 2025-26 Salary Tax: Will There Be Relief?
Current Tax Slabs (2024-25)
Currently, Pakistan’s income tax system everything on a broad-minded tax model, meaning higher stipendiaries pay more. Here’s a quick look at the existing tax slabs:
| Annual Income (PKR) | Tax Rate |
| Up to 600,000 | 0% |
| 600,001 – 1,200,000 | 2.5% |
| 1,200,001 – 2,400,000 | 12.5% |
| 2,400,001 – 4,800,000 | 20% |
| Above 4,800,000 | 25% |
Expected Changes in 2025-26
- Tax-free threshold may increase after Rs600,000 to Rs800,000 to help low-income groups.
- Discount in tax rates for middle-income earners (Rs1.2M to Rs2.4M bracket).
- Higher taxes for luxury revenue brackets (overhead Rs5 million).
Impact on Salaried Individuals
If the system increases the tax-free limit, piles of low-income bodies will benefit. Though, high earners might face severer tax request.
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Budget 2025-26 Property: New Taxes & Regulations
Expected Changes in Property Taxes
The real estate sector is likely to see some major vagaries, including:
A. Capital Gains Tax (CGT) Adjustments
- Short-term holding (1-2 years): Higher CGT to discourage conjecture.
- Long-term holding (5+ years): Likely tax relief to stimulate asset.
B. Changes in FBR Property Valuation
- The Federal Board of Revenue (FBR) may increase property valuation rates to match market prices.
- This could lead to higher taxes on property sales.
C. Stamp Duty & Registration Fees
- Provincial governments (Punjab, Sindh, KP, Balochistan) may study stamp duties.
- Punjab is expected to keep stuff taxes stable due to its tax-free cheap promise.
How Will This Affect Buyers & Sellers?
- Investors may face higher taxes on quick stuff flipping.
- Long-term owners could get tax welfares.
- First-time homebuyers might see inducements for reasonable frame.
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Punjab Budget 2025-26: Key Highlights
A. Tax-Free Budget Promise
Punjab Money Minister Mujtaba Shuja-ur-Rehman has long-established:
No new duties will be introduced.
Focus on public relief & development projects.
B. Record Development Budget (Rs353 Billion)
- 520 ongoing schemes – Rs160.82 billion owed.
- 333 new schemes – Rs135.29 billion proposed.
- 6 mega projects – Rs57.40 billion earmarked.
C. Key Sectors Getting Funds
✔ Education (New schools & grants)
✔ Healthcare (Hospital upgrades)
✔ Infrastructure (Roads, bridges, metro schemes)
✔ Agriculture (Grants for agriculturalists)
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How to Apply for Pension & Tax Benefits?
A. Pension Increase Application Process
- No application needed – Upsurge will be automatically applied.
- Retirees should checkered their bank books after the budget statement.
B. Checking Updated Tax Slabs
- Visit FBR’s official portal: https://fbr.gov.pk
- Use the tax calculator to check liabilities.
C. Property Tax Payments
- Online: Pay via FBR’s IRIS system or provincial revenue portals.
- Offline: Visit local tax offices for challan submission.
Final Thoughts: What Should You Expect?
The Punjab govt to present budget on June 16 is expected to bring mixed reactions:
- Pensioners & low-income groups may see relief.
- Salaried individuals could get tax reductions.
- Property investors might face higher taxes on short-term gains.
- Punjab’s tax-free budget will focus on development & public welfare.
Stay tuned for the official budget speech on June 16, 2025, for final validations.
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Frequently Asked Questions (FAQs)
Will pensions increase in Punjab govt to present budget on June 16?
Yes, an expected 10-15% hike is likely.
Is Punjab really presenting a tax-free budget?
Yes, the Punjab FM confirmed no new taxes.
How can I check my updated tax liability?
Visit FBR’s tax calculator online.
Will property prices go up after the budget?
It be contingent on new tax policies, but conjecture duties may cool the marketplace.