Punjab launches Rs1.99 trillion economic transformation plan to boost exports, create 162,000 jobs

Punjab Chief Minister Maryam Nawaz has introduced a three-year development programme worth Rs1.99 trillion, combining Rs1,089 billion in public funding with Rs906 billion expected from businesses. Profit by Pakistan Today reported that the 2026-29 initiative seeks to add $6.8 billion to exports, generate 162,000 jobs and improve living standards for one million people.

The plan sets aside Rs753.7 billion for industrial growth and offers Rs300 billion in subsidised loans at rates of zero to 5%. It also includes machinery duty refunds, solar and battery support, workforce training for 402,060 people, four agro-processing parks and projects spanning manufacturing, agriculture, tourism and technology. The province says administrative teams will oversee delivery; industrialist Arif Habib also said he planned to build Pakistan’s tallest building at Lahore’s CBD One.