Punjab’s planned PIVOT (opens original article in a new tab)

Punjab's budget introduces the PIVOT plan, a three-year economic strategy aiming to boost growth through industrial and agricultural investments, but faces challenges due to reduced development spending.

• Punjab's Rs5.9 trillion budget includes the PIVOT plan, a three-year strategy to boost economic growth through industrial financing, agro-processing, and export targets.
• PIVOT allocates Rs2tr for public and private investment, aiming to create 162,000 jobs and increase exports by $6.8bn, with a focus on multiple sectors including agriculture, tech, and tourism.
• The budget cuts the provincial development programme by 40% to meet federal fiscal targets, creating a contradiction with PIVOT's ambitious growth goals.