Pakistan’s Provinces Report Rs600bn Combined Surplus in Q1 FY27

According to provisional Finance Division data cited by Mettis Global, Pakistan’s provinces posted a combined fiscal surplus of Rs599.82bn during July–September 2026. Punjab led with Rs333.28bn, followed by Sindh at Rs180.60bn and Khyber Pakhtunkhwa at Rs102.14bn. Balochistan recorded a Rs16.20bn deficit, while the federal government reported a Rs673.93bn surplus, bringing the consolidated balance to Rs1.27tr.

Provincial revenue totaled Rs2.40tr, comprising Rs1.90tr in federal transfers, with spending amounting to Rs1.80tr. Provincial tax receipts rose 12% year-on-year to Rs300.93bn, while non-tax revenue increased approximately 39% to Rs86.02bn. Federally, receipts included Rs3.09tr in FBR taxes and Rs2.53tr in non-tax revenue, against total expenditure of Rs3.13tr, including Rs1.70tr in mark-up payments.

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