Karachi, June 25, 2025 – The Sindh Assembly passed a Rs3.45 trillion budget for the fiscal year 2025-26 on Wednesday, marking a 12.9% increase from the previous year, with a focus on social protection, infrastructure, and economic reforms.

Chief Minister Syed Murad Ali Shah, who also serves as the finance minister, presented the Sindh Finance Bill 2025, which was approved despite the rejection of all 2,000 opposition cut motions by a majority vote. The budget introduces significant tax reliefs and development initiatives aimed at easing financial burdens and fostering sustainable growth. Key measures include the withdrawal of six levies, such as the professional tax, delivering Rs5 billion in relief to salaried individuals and small businesses. The entertainment duty has been eliminated to boost cultural activities, and land documentation fees have been slashed by 50%. Additionally, the annual commercial vehicle tax is now capped at Rs1,000, stamp duty on third-party insurance is fixed at Rs50, and motorcycle insurance is exempted..

The budget allocates Rs1,018.3 billion (30%) for development spending, including Rs281.7 billion for capital expenditure. Notable allocations include Rs43 billion for an ad-hoc relief allowance, Rs16 billion for a 15% pension increase, Rs42.2 billion for public universities, and Rs10.4 billion for medical education. The Annual Development Programme prioritizes Rs8 billion for the Benazir Hari Card, Rs2 billion for low-income housing, and Rs25 billion for renewable energy projects.

To enhance transparency and efficiency, the government will implement blockchain-based land record digitization and a one-step land ownership transfer system. Other reforms include online mobile-based birth registration and expanded credit access for farmers through the Sindh Cooperative Bank. CM Murad described the budget as a “pro-growth, pro-people” policy, emphasizing its role in supporting struggling sectors while promoting long-term development.

LEAVE A REPLY

Please enter your comment!
Please enter your name here