Ministry of Finance endorses the views of the Government of Punjab on the achievement of a provincial surplus of Rs. 40 billion during Q1 for FY 2024-25. The government of the Punjab has remained one of the most important contributors to provincial surplus during recent years; for FY 2024-25 it has budgeted a provincial surplus of Rs. 630 billion as agreed with the IMF.

It is highlighted that MoF shared the updated Q1 fiscal operations figures with the IMF on 14th November, 2024. With the concurrence of the Fund, MoF has updated the revised figures at its website, showing a provincial surplus of Rs. 40 billion for Punjab.

It is further pointed out that as per the revised figures agreed with the Fund; the Government of Pakistan has managed to achieve a cumulative provincial surplus of Rs. 360 billion against a target of Rs. 342 billion agreed with the IMF for Q1 for FY 2024-25.