CM Maryam launches Rs2 trillion PIVOT initiative to boost industry, exports

Punjab Chief Minister Maryam Nawaz launched the Rs2 trillion PIVOT Plan 2026-29 on Friday, setting goals of $6.8 billion in additional exports and 162,000 direct jobs. The three-year programme combines Rs1,089bn in public investment with a target of Rs906bn from private investors, while Rs753.7bn is directed towards industrial production and value addition. Dawn reported that the plan covers manufacturing, agriculture, tourism, digital services and workforce development.

The programme includes Rs300bn in concessional financing for eligible businesses, with rates from zero to five per cent, plus Rs50bn each for solar and battery storage projects and machinery duty reimbursements. It also envisages four agro-processing parks and digitising 300 government services through E-Biz. Gul Ahmed Textiles Director Ziad Bashir endorsed the initiative at its launch, while Mian Muhammad Mansha, chairman of MCB Bank, also attended.