LAHORE – The Punjab government has unveiled an ambitious revenue plan for the next financial year, setting a total provincial revenue target of Rs 1,229 billion, driven by growth in tax and non-tax sectors.

According to budget documents, the province has sharply increased its revenue expectations, with provincial taxes targeted at Rs 748 billion, significantly higher than the revised estimates for the current fiscal year.

Punjab Revenue Authority (PRA) has been assigned one of the sharpest jumps, raising its collection target to Rs 528 billion, from Rs 370 billion earlier. The Board of Revenue’s target has also been raised from Rs 70 billion to Rs 86.2 billion, reflecting higher expectations from land and related receipts.

The Excise and Taxation Department has been tasked with collecting Rs 124 billion, which is sharply higher than the estimated Rs 77.2 billion for the current fiscal year. In addition, the government has set a target of Rs 10 billion from other provincial taxes, along with an expected Rs 80 billion from cash management funds, further strengthening the internal revenue framework.

Punjab is also banking on significant revenue from external sources, with non-provincial revenues estimated at Rs 441 billion, which will provide a major boost to the overall fiscal structure.

Officials said the expansionary revenue strategy aims to finance development projects, improve public service delivery and strengthen fiscal stability. The government has also indicated continued efforts to strengthen and modernize the tax collection system to support these lofty goals.

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