Explanatory Memorandum on Federal Receipts
The Explanatory Memorandum on Federal Receipts is part of the federal budget for FY 2025-26. This page reproduces the text of its 79 PDF pages, extracted automatically from the official PDF published by the Finance Division, Government of Pakistan.
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FEDERAL BUDGET
2 0 2 5 - 2 6
GOVERNMENT OF PAKISTAN
FINANCE DIVISION
ISLAMABADPage 2
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P R E F A C E
Article 80(1) of the Constitution of Islamic Republic of Pakistan requires that
the Federal Government shall, in respect of every financial year, cause to be laid before
the National Assembly a statement of estimated receipts and expenditure of the Federal
Government for that year, referred to as the Annual Budget Statement. The statement
shall also be transmitted to the Senate as required under Article 73(1) of the Constitution.
“Explanatory Memorandum on Federal Receipts” is a supplementry document
elaborating upon the nature and source of all the federal receipts included in the Annual
Budget Statement. The document categorizes these receipts into internal, external and
public account receipts and further bifurcates them as tax, non-tax and capital receipts.
External receipts comprise of foreign project loans and grants while public account receipts
include deferred liabilities and deposit reserves.
With the aim of helping the readers to form a broader view of the federal
resources that have determined the formulation of the Budget for Budget for 2025-26, the
nature of receipts has also been explained, wherever considered appropriate.
I hope that this document would be useful for a comprehensive understanding of
the Annual Budget Statement.
IMDAD ULLAH BOSAL
Secretary to the Government of Pakistan
Finance Division
Islamabad, the 10th June, 2025Page 4
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CONTENTS
Page No.
Chapter 1: Overview of Federal Resources 1-2
Part- I Internal Receipts 3
Chapter 2: Revenue Receipts 5-7
Chapter 3: Tax Revenue Receipts 8
I. FBR Taxes 8-10
i. Direct Taxes
ii. Sales Tax
iii. Federal Excise Duty
iv. Customs Duty
Chapter 4: Non Tax Revenue Receipts 11
I. Levies and Fees 11-12
i. Mobile Handset Levy
ii. Receitps of ICT Administration
iii. Airport Fee
II. Income From Property and Enterprises 13-22
i. Surplus Profit of PTA & other Government
Authorities
ii. Mark-up Receipts
iii. Dividend
III. Receipts from Civil Administration etc 23-30
i. General Administration Receipts
ii. Surplus Profit of State Bank of Pakistan
iii. Defence Services Receipts
iv. Law and Order Receipts
v. Community Services Receipts
vi. Social Services ReceiptsPage 6
Page No.
IV. Miscellaneous Receipts 30-41
i. Economic Services Receipts
ii. Foreign Grants
iii. Other Receipts
iv. Extra Ordinary Receipts
v. Citizenship, Naturalization and Passport
Fee
vi. Petroleum Levy
vii. Natural Gas Development Surcharge
viii. Royalty on Oil and Gas
ix. Discount Retained on Local Crude Oil
x. Windfall Levy against Crude Oil
xi. Gas Infrastructure Development Cess
Chapter 5: Provincial Share in Revenue Receipts 42-47
Chapter 6: Capital Receipts 48-56
I. Recoveries of Loans and Advances
II. Domestic Debt Receipts (Non Bank) - Net
III. Domestic Debt Receipts (Bank) - Net
Chapter 7: Public Account Receipts 57-61
I. Deferred Liabilities (Net)
II. Deposits and Reserves (Net)
Chapter 8: Privatization Proceeds 62
Part - II External Receipts 63
Chapter 9: Estimates of Foreign Assistance 65-71
I. Project Loans
II. Programme Loans
III. Other Loans
Ministry wise Break-up of Non-Tax Revenue Receipts 72-73Page 7
CHAPTER 1: AN INTRODUCTION TO FEDERAL RESOURCES
1.1 Resource mobilization is essential to meet the recurring as well as development expenditures. At
the Federal level, resources are generated through a well-coordinated and concerted effort by the
revenue collecting agencies and administrative units. All revenues collected by the collecting
agencies and administrative divisions of the Federal Government, all loans raised, and all moneys
received as repayments of loans form part of the Federal Consolidated Fund. Besides, all other
money received by or on behalf of the Federal Government or received or deposited with the
Supreme Court or any other court established under the authority of the Federation are part of the
Public Account of the Federation in terms of Article 78(1) and (2) of the Constitution of Islamic
Republic of Pakistan. All revenue receipts are part of the Annual Budget Statement (ABS), which is
presented before the National Assembly in terms of Article 80 of the Constitution.
1.2 Federal Revenue Receipts are broadly categorized as :-
(I) Tax Revenue (TR)
(II) Non-Tax Revenue (NTR)
1.3 Tax Revenue receipts are collected by the Federal Board of Revenue and are distributed amongst
provinces in accordance with the provisions of Article 160 of the Constitution. Non-Tax Revenue is
the revenue received by the Government in terms of Article 78(1) of the Constitution and the
recurring income of the government from investments and provision of services but does not
include those mentioned in Article 160(3) of the Constitution.
1.4 In addition to the revenue receipts, there are capital receipts reflected in Annual Budget
Statement. Capital receipts comprise of recoveries of loans and advances from provincial
governments, local bodies, financial institutions etc. as well as Public Debt raised through various
government securities. The former is part of Federal Consolidated Fund while Saving Schemes and
net receipts from transactions under Deposits and Reserves form part of Public Account of the
Federation.
1.5 Federal receipts may also be classified as internal receipts and external receipts. Internal receipts
comprise of revenue receipts and capital receipts. External receipts comprise of project loans and
grants, progamme loans and other loans which are received from specialized financial institutions
and friendly countries for specific development needs and budgetary requirements.Page 8
TABLE 1
SUMMARY OF FEDERAL RESOURCES
(Rs. In Million)
Object 2024-25 2024-25 2025-26 DescriptionCode Budget Revised Budget
Revenue Receipts
B 1. Tax Revenue Receipts 12,970,000.000 11,900,000.000 14,131,000.000
FBR Taxes 12,970,000.000 11,900,000.000 14,131,000.000
B01 Direct Taxes 5,512,000.000 5,826,000.000 6,902,000.000
B02 Indirect Taxes 7,458,000.000 6,074,000.000 7,229,000.000
2. Non Tax Revenue Receipts 4,845,414.931 4,902,123.276 5,147,089.506
B03 Levies and Fees 24,809 26,808 29,790
Income from Property and C01 477,117 472,494 519,332 Enterprise
C02 Receipts from Civil Administration, etc. 2,555,738 2,663,554 2,450,392
C03 Miscellaneous Receipts 1,787,751 1,739,268 2,147,576
3. Total Revenue Receipts (1+2) 17,815,414.931 16,802,123.276 19,278,089.506
4. Capital Receipts 3,034,379.457 898,641.562 3,266,923.647
E02 Recovery of Loans and Advances 491,999.000 572,597.000 603,000.000
E03 Domestic Debt Receipts (Net) 2,542,380.457 326,044.562 2,663,923.647
20,849,794.39 17,700,764.838 22,545,013.153 5. Total Internal Receipts (3+4)
6. External Receipts 5,685,801.000 5,833,307.920 5,777,554.488
Loans 5,633,138.710 5,772,013.530 5,734,689.864
Grants 52,662.290 61,294.390 42,864.624
Total Internal and External Receipts 7. 26,535,595.388 23,534,072.758 28,322,567.641 (5+6)
8. Public Account Receipts 120,232.105 230,902.529 210,126.852
Deferred Liabilities (Net) 53,035.400 143,833.075 120,609.748
Deposits and Reserves (Net) 67,196.705 87,069.454 89,517.104
9. Gross Federal Receipts (7+8) 26,655,827.493 23,764,975.287 28,532,694.493
10. Less Provincial Share in Federal Taxes 7,438,000.000 6,996,951.055 8,205,723.051
11. Net Federal Receipts 19,217,827.493 16,768,024.232 20,326,971.442Page 9
PART-I
INTERNAL RECEIPTS
(TAX REVENUE, NON-TAX REVENUE AND CAPITAL RECEIPTS)Page 10
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CHAPTER 2: REVENUE RECEIPTS
2.1 Revenue receipts constitute major component of total Federal resources. Revenue receipts are
mainly categorized as Tax revenue receipts and Non-Tax revenue receipts, which are largely
derived from the following sources:-
i. Collection of Federal Taxes by FBR
ii. Surplus Profit of Regulatory Authories/Bodies
iii. Mark up on loans advanced by the Federal Government
iv. Dividends
v. Fees, penalties and other Miscellaneous receipts realized by
administrative Ministries and Divisions of the Federal Government
vi. Surcharges, Cess, Levy and Royalty on Petroleum
2.2 TAX REVENUE RECEIPTS
2.2.1 Tax Revenue receipts are administered by the Federal Board of Revenue (FBR). These receipts
constitute inland revenue and can be categorized as direct taxes and indirect taxes. Direct taxes
include income tax, capital value tax, ordinary collection (workers welfare fund) and contribution
under companies profits (workers profit participation fund), while sales tax, federal excise duty, and
customs duty constitute indirect taxes.
2.3 NON TAX REVENUE RECEIPTS
2.3.1 Non-Tax Revenue means revenues received by the Government in terms of Article 78(1) of the
Constitution and the recurring income of the Government from investments and provision of
services but does not include those mentioned under Article 160(3) of the Constitution. Non-Tax
Revenue of the Federal Government is administered by various Ministries / Divisions/ Departments
under the following broad categories:
i) Levies and Fees
ii) Income from Property and Enterprise
iii) Receipts from Civil Administration etc
iv) Surplus Profit of Regulatory Authories/Bodies
v) Dividends
vi) Miscellaneous RecieptsPage 12
Summary of Revenue Receipts with Budget Estimates and Revised Estimates for Fiscal Year 2024-25 and
Budget Estimates for Fiscal Year 2025-26 is given as under:
TABLE 2
SUMMARY OF REVENUE RECEIPTS
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
I. TAX REVENUE 12,970,000.000 11,900,000.000 14,131,000.000
FBR Taxes (1+2) 12,970,000.000 11,900,000.000 14,131,000.000
B01 (1) Direct Taxes 5,512,000.000 5,826,000.000 6,902,000.000
B011 Taxes on Income 5,454,062.000 5,749,392.000 6,811,243.000
B01501 Ordinary Collection (WWF) 16,637.000 21,727.000 25,740.000
Contribution under Companies Profit B01502 25,639.000 40,369.000 47,825.000 (WPPF)
B017-18 Capital Value Tax 15,662.000 14,512.000 17,192.000
B02 (2) Indirect Taxes 7,458,000.000 6,074,000.000 7,229,000.000
B020-22 Customs Duty 1,591,000.000 1,316,000.000 1,588,000.000
B023 Sales Tax 4,919,000.000 3,984,000.000 4,753,000.000
B024-25 Federal Excise Duty 948,000.000 774,000.000 888,000.000
II. NON TAX REVENUE (1+2+3+4) 4,845,414.931 4,902,123.276 5,147,089.506
B03 (1) Levies and Fees 24,809.230 26,807.650 29,789.750
B03087 Mobile Handset Levy 10,000.000 10,000.000 12,000.000
B013,14, Receipts of ICT Administration 14,756.230 16,754.650 17,736.75016,26-30
B03064 Airport Fee (PAA) 53.000 53.000 53.000
C01 (2) Income from Property & Enterprises 477,116.583 472,493.773 519,331.652
C01008 PTA (4G/5G Licences) 32,612.000 27,001.000 22,049.000
C01012 PTA (Surplus) 1,200.000 1,431.000 1,100.000
Surplus Profit of other Regulatory C01012 10,036.300 654.700 6,239.000 Authorities
C012 Mark up (Provinces) 96,353.283 95,446.096 95,809.652
C013-18 Mark up (PSEs & Other) 198,000.000 150,000.000 188,000.000
C019 Dividend 138,915.000 197,960.977 206,134.000
contd….Page 13
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Receipts from Civil Admn & OtherC02 (3) 2,555,738.412 2,663,554.251 2,450,391.998 Functions
C021-24 General Administration 4,845.918 3,640.795 5,841.257
Surplus Profit of State Bank ofC02211 2,500,000.000 2,619,602.929 2,400,000.000 Pakistan
C025 Defence Services Receipts 42,427.073 34,602.054 35,442.364
C026 Law and Order Receipts 1,954.255 2,506.045 5,624.680
C027 Community Services Receipts 4,586.230 1,769.922 1,903.739
C028 Social Services Receipts 424.936 432.506 479.958
C029 Social Services Receipts (Misc) 1,500.000 1,000.000 1,100.000
C03 (4) Miscellaneous Receipts 1,787,750.706 1,739,267.602 2,147,576.106
C031-35 Economic Services Receipts 16,916.120 71,638.080 34,785.050
C03601 Foreign Grants 15,000.000 6,000.000 2,000.000
C03725 Extraordinary Receipts (UNO) 46,000.000 32,500.000 31,200.000
C037 Extraordinary Receipts (Others) 5,853.650 4,721.781 6,400.488
Citizenship, Naturalization & PassportC03897 75,004.500 75,000.000 76,500.000 Fee
C038 Other Receipts of Attached Departments 100,516.436 84,801.741 109,008.568
C03901 Petroleum Development Levy 1,281,000.000 1,161,000.000 1,468,395.000
C03902 Natural Gas Development Surcharge 25,618.000 48,000.000 49,437.000
C03905 Royalty on Oil 58,654.000 64,000.000 69,000.000
C03906 Royalty on Gas 103,751.000 135,000.000 138,000.000
C03910 Discount Retained on Local Crude Oil 25,000.000 25,000.000 30,000.000
C03915 Windfall Levy against Crude Oil 28,000.000 27,000.000 20,000.000
C03916 Gas Infrastructure Development Cess 2,500.000 1,000.000 2,400.000
C03917 Petroleum Levy on LPG 3,537.000 3,156.000 5,000.000
C03919 Windfall Levy on Gas 400.000 450.000 450.000
C03920 Off the Grid (Captive Power Plants) Levy - - 105,000.000
Total Revenue (Other than FBR) 4,845,414.931 4,902,123.276 5,147,089.506
Total Revenue (including FBR) 17,815,414.931 16,802,123.276 19,278,089.506
Less Prov share in Federal Taxes 7,438,000.000 6,996,951.055 8,205,723.051
Net Federal Revenue Receipts 10,377,414.931 9,805,172.221 11,072,366.455Page 14
CHAPTER 3: TAX REVENUE RECEIPTS
3.1 FBR TAXES
3.1.1 FBR taxes comprise of direct taxes such as income tax, capital value tax, ordinary collection
(WWF) and contribution under companies profits (WWF), and indirect taxes such as sales tax,
federal excise duty (FED) and customs duty. The inland revenues include direct taxes,sales tax and
FED. Direct taxes mainly comprise of income tax. The following table shows the budgeted and
revised estimates for FY 2024-25 and buget estimates for FY 2025-26.
TABLE 3
ESTIMATES OF FBR TAXES
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
B01 Direct Taxes 5,512,000.000 5,826,000.000 6,902,000.000
B023 Sales Tax 4,919,000.000 3,984,000.000 4,753,000.000
B024-25 Federal Excise 948,000.000 774,000.000 888,000.000
B020-22 Customs Duties 1,591,000.000 1,316,000.000 1,588,000.000
Total 12,970,000.000 11,900,000.000 14,131,000.000
3.1.2 Detailed analysis of individual taxes/duties are highlighted below:
3.1.3 DIRECT TAXES
3.1.3.1 The revenue collection of Direct Taxes for July-May 2024-25 stood at Rs.4,900.8 billion with growth
of 27%.The revised target of Direct Taxes for FY 2024-25 was estimated at Rs.5,826.0 billion. The
target for FY 2025-26 has been estimated at Rs.6,902.0 billion.
3.1.3.2 Along with Income Tax , Workers Welfare Fund (WWF) and Workers Profit Participation Fund
(WPPF) are also collected by field formations of Inland Revenue. The revised budget estimates for
receipts of WWF and WPPF for FY 2024-25 is Rs.21.7 billion and Rs.40.4 billion, respectively,
while for Capital Value Tax (CVT) is Rs. 14.5 billion.
3.1.3.3 The Budget Estimates FY 2024-25, Revised Budget Estimates FY 2024-25 and Budget Estimates
for 2025-26, on account of Direct Taxes are tabulated hereunder in Table 4:
TABLE 4
DIRECT TAXES
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
B011 Income Tax 5,454,062.000 5,749,392.000 6,811,243.000
B01501 Ordinary Collection (WWF) 16,637.000 21,727.000 25,740.000
Contribution under Companies ProfitB01502 25,639.000 40,369.000 47,825.000 (WPPF)
B017-18 Capital Value Tax (CVT) 15,662.000 14,512.000 17,192.000
Total 5,512,000.000 5,826,000.000 6,902,000.000Page 15
3.1.4 Sales Tax
3.1.4.1 The revenue collection of Sales Tax for July-May FY 2024-25 stood at Rs.3,503.5 billion as against
Rs.2,768.8 billion in the corresponding period of the last financial year showing an increase of
26.5%. The revised target for FY 2024-25 is estimated at Rs.3,984.0 billion.The target for FY 2025-
26 has been estimated at Rs.4,753 billion.Details are given in table 5:
TABLE 5
SALES TAX
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
B023 Sales Tax (excluding services) 4,898,844.000 3,971,240.000 4,737,688.000
Sales Tax on Services (ICT) 20,156.000 12,760.000 15,312.000
B023 Total 4,919,000.000 3,984,000.000 4,753,000.000
3.1.5 Federal Excise Duty
3.1.5.1 The revenue collection of FED for July-May FY 2024-25 remained at Rs.672.9 billion as against
Rs.503.0 billion in the corresting period of the last financial year showing a growth of 33.8%. The
revised budget estimates for FY 2024-25 is projected at Rs.774.0 billion.The target for FY 2025-26
has been estimated at Rs.888.0 billion.Details are given in table 6:
TABLE 6
FEDERAL EXCISE DUTY
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
B024 Beverage & Beverage Concentrate 96,263.000 144,806.000 166,134.000
Cement 119,480.000 169,413.000 194,365.000
Cigarettes & Tobacco 323,693.000 147,827.000 169,600.000
Natural Gas 11,754.000 9,254.000 10,618.000
POL products 4,833.000 12,392.000 14,217.000
Imported Goods 5,198.000 95,970.000 110,105.000
Total Services 98,918.000 142,651.000 163,661.000
Sub-Total 660,139.000 722,313.000 828,700.000
Other Items 287,861.000 51,687.000 59,300.000
B024 Gross Total 948,000.000 774,000.000 888,000.000Page 16
3.1.6 Customs Duty
3.1.6.1 The revenue collection of Customs Duty for July-May FY 2024-25,stood at Rs.1,156.7 billion
showing an increase of 16.3% as compared to the corresponding period of FY 2023-24.The revised
budget estimates for FY 2024-25 is projected at Rs.1,316.0 billion.The target for FY 2025-26 has
been estimated at Rs.1,588.0 billion.
3.1.6.2 A summary of projection of Customs Duty target including the projection of collection from major
revenue spinners during FY 2024-25 and FY 2025-26 is given at Table 7:
TABLE 7
CUSTOMS DUTIES REVENUE
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
B020-22 Vehicles (Non-Railway) 173,737.000 192,358.000 232,115.000
POL Products 463,221.000 362,540.000 437,472.000
Iron & Steel 96,590.000 90,646.000 109,382.000
Machinery Mechanical Appliances 69,483.000 77,788.000 93,866.000
Electrical Machinery 75,660.000 80,039.000 96,582.000
Edible Oil 63,819.000 58,793.000 70,944.000
Plastic Resins etc 62,139.000 59,680.000 72,016.000
Articles of Iron and Steel 24,466.000 24,790.000 29,914.000
Paper and Paperboard 37,886.000 33,693.000 40,657.000
Textile Materials 29,551.000 33,558.000 40,494.000
Tea & Cofee 43,785.000 35,946.000 43,376.000
Organic Chemicals 11,939.000 18,756.000 22,632.000
Dyes and Paints 17,879.000 16,807.000 20,281.000
Export Development Surcharge (EDS) 31,042.000 26,706.000 32,226.000
Misc.Chemical Products 9,119.000 8,823.000 10,647.000
Staple Fibers 4,292.000 9,962.000 12,021.000
Others 421,213.000 222,188.000 268,111.000
B020-22 Total Gross Collection 1,635,821.000 1,353,073.000 1,632,736.000
Refund and Rebates 44,821.000 37,073.000 44,736.000
Net Collection 1,591,000.000 1,316,000.000 1,588,000.000Page 17
CHAPTER 4: NON TAX REVENUE
4.1 Non-Tax Revenue represents the recurring income earned by the Federal government from
sources other than taxes. Major receipts under this head are "interest receipts" (received on loans
extended by the Federal government to provinces, public sector enterprises etc), "dividends"
received from public sector entities, "several receipts" from petroleum sector and "profits" earned by
various regulatory authorities. Various services provided by the government i.e social services,
community services, economic services, defence services etc also yield revenue for the
government. Breakdown of Non-Tax Revenue against ministries/divisions, departments, institutions
and authorities is given as Annex III. On the basis of functional classification, Non-Tax Recenue
falls under four major heads i.e. levies and fees, income from property and enterprises, receipts
from civil administration and other functions, and misc receipts of the federal ministries, divisions
and departments.
4.2 Summary of Non-Tax Revenue with Budget and Revised Estimates for Fiscal Year 2024-25 and
Budget Estimates for Fiscal Year 2025-26 is given below:-
TABLE 8
Summary of Non-Tax Receipts
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
B03 Levies and Fees 24,809.230 26,807.650 29,789.750
C01 Income from Property and Enterprises 477,116.583 472,493.773 519,331.652
Receipts from civil admn and other
C02 2,555,738.412 2,663,554.251 2,450,391.998 functions
C03 Miscellaneous Receipts 1,787,750.706 1,739,267.602 2,147,576.106
TOTAL 4,845,414.931 4,902,123.276 5,147,089.506
4.3 Levies and Fees
4.3.1 Major sources of Levies and Fees comprise the receipts of the Islamabad Capital Territory
Administration, Mobile Handset Levy, and Airport Fee.
4.3.2 Receipts of Islamabad Capital Territory Administration
4.3.2.1 A number of levies and fees are collected by the ICT Administration. Receipts included in this
category are Motor Vehicle Registration, Token Fee, Stamp Duties, Tax on Hotels, Land Revenue
etc. These receipts are collected under various laws.
4.3.3 Mobile Handset Levy
4.3.3.1 Mobile Handset Levy was imposed on import of high end mobile handsets.Page 18
4.3.4 Airport Fee
4.3.4.1 Pakistan Airports Authority collects Airport Fee from passengers for various services offered at the
airports at rates notified by the Government from time to time. The airline companies charge Airport
Tax at the time of preparation of Air Ticket and deposit the same in the Federal treasury.
4.3.4.2 Budget and Revised Estimates for Fiscal Year 2024-25 and Budget Estimates for 2025-26 on
account of Levies and Fees are tabulated below:-
TABLE 9
Levies and Fees
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Receipts of Islamabad Capital (A) 14,756.230 16,754.650 17,736.750 Territory(ICT)
B013 Property Tax 350.000 350.000 380.000
B014 Land Revenue (Mutation Fee) 550.000 450.000 500.000
B01601 Ordinary Collection (E.T.O) 150.000 90.000 90.000
B026 Excise Duty (E.T.O) 550.000 700.000 550.000
B02701 Sale of Stamps (DC) 2,000.000 2,200.000 3,000.000
B02731 - 0.300 0.400 Sale of Stamps IDP & Copy Branch (DC)
B02732 Court/Regular Fine (DC) - 7.500 7.800
B02735 Fines and Penalities (DC) - 3.500 4.000
B02801 Motor Vehicles Registration Fee 7,500.000 8,000.000 8,000.000
B02802 Motor Vehicles Annual Token Fee 3,000.000 4,300.000 4,500.000
B02812 Vehicles Route Permit Fee 1.800 1.800 2.000
B03021 Education Cess 0.030 0.050 0.050
B03052 Tobacco License Fee 0.400 0.500 0.500
B03053 Real Estate/M.V Dealer License Fee 4.000 1.000 2.000
Tax on Hotels levied under Finance ActB03056 650.000 650.000 700.000 1965
B03087 (B) Mobile Handset Levy 10,000.000 10,000.000 12,000.000
B03064 (C) Airport Fee 53.000 53.000 53.000
Total Levies and Fees (A+B+C) 24,809.230 26,807.650 29,789.750Page 19
4.4 Income from Property and Enterprises
4.4.1 Income from Property and Enterprises comprises of profits earned by regulatory authorities, Mark-
up receipts on loans extended to provinces, AJK, Public Sector Enterprises, Local bodies, etc and
dividends paid on Federal government's investment in the share capital of financial and non
financial institutions.Revised Estimates for Fiscal Year 2024-25 and Budget Estimates for FY 2025-
26 are given as under:-
TABLE 10
Income from Property and Enterprises
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description
Code Budget Revised Budget
C01 Income from Property & Enterprises
C010 Total Surplus of Govt Authorities 43,848.300 29,086.700 29,388.000
C012 Total Mark-up (Provinces) 96,353.283 95,446.096 95,809.652
Mark Up (PSEs & Others)
C013 Total Mark Up Local Bodies 147,083.797 158,743.713 162,351.023
C014 Total Mark-up (Financial Institutions) 537.626 537.626 518.797
C015 Total Non-Financial Institutions 58,666.790 62,970.011 68,830.416
C016 Total Government Servants 532.847 526.178 593.475
C017 Total AJK & Others 4,651.355 4,447.733 3,811.689
C018 Total Mark-up Receipts (Others) 110,010.000 170,010.000 110,010.000
Total Mark Up (PSEs & Others) 321,482.415 397,235.261 346,115.400
Estimated Shortfall 123,482.415 247,235.261 158,115.400
Net Mark Up (PSEs & Others) 198,000.000 150,000.000 188,000.000
C019 Total - Dividends 138,915.000 197,960.977 206,134.000
Total Income from Property &C01 477,116.583 472,493.773 519,331.652 EnterprisesPage 20
4.4.2 Surplus Profit of PTA and Other Government Authorities
4.4.2.1 Profits earned by the Regulatory Authorities i.e PTA, NEPRA, SECP, PNRA, PEMRA ,OGRA, PQA,
DRAP and AOB by way of levy of fees, charges, penalties etc. after settling of their authorized
expenses is deposited in the Federal Consolidated Fund. Brief introduction of Regulatory
Authorities is given as under and related statistics in Table 11.
4.4.2.2 Pakistan Telecommunication Authority (PTA) is mandated to; i) regulate the establishment,
operation and maintenance of telecommunication systems and provision of telecommunication
services in Pakistan; ii) dispose off applications for the use of radio-frequency spectrum, promote
and protect the interests of users of telecommunication services in Pakistan; iii) promote the
availability of a wide range of high quality, efficient, cost effective and competitive
telecommunication services throughout Pakistan; iv) promote rapid modernization of
telecommunication systems and telecommunication services; v) investigate and adjudicate on
complaints and other claims made against licensees arising out of alleged contraventions of the
provisions of the Act, the rules made and licenses issued thereunder. It also imposes fines and
penalties for violations.
4.4.2.3 National Electric Power Regulatory Authority (NEPRA) is mandated to develop and pursue a
regulatory framework, which ensures the provision of safe, reliable, efficient and affordable electric
power to the electricity consumers of Pakistan. It facilitate the transition from a protected monopoly
service structure to a competitive environment and maintaining a balance between the interests of
the consumers and service providers in unison with the broad economic and social policy objectives
of the Government of Pakistan. In order to ensure effective regulatory functions, NEPRA charges
different fees at rates notified from time to time for Application & Modification Generation License
Fee, Application & Modification Transmission License Fee, Application & Modification Distribution
License Fee, Application for the Approval of Competitive Bidding. Besides, NEPRA upfront tariff is
also levied like Fees Pertaining to Tariff Standards and Procedures Regulations 2002 i.e
Generation Licenses, Transmission Licenses, Distribution Licenses, Consumers, etc.
4.4.2.4 Pakistan Nuclear Regulatory Authority (PNRA) is entrusted with the responsibility to control,
regulate and supervise all matters related to nuclear safety and radiation protection in Pakistan. It
charges Licensing Fee as approved from time to time from nuclear facilities, radiotherapy and
nuclear cardiology centres etc.
4.4.2.5 Pakistan Electronic Media Regulatory Authority (PEMRA) is required to; i) improve the
standards of information, education and entertainment; ii) facilitate the devolution of responsibility
and power to the grass roots by improving the access of the people to mass media at the local and
community level; and iii) ensure accountability, transparency and good governance by optimization
the free flow of information. PEMRA charges Licensing Fee on prescribed rates for FM Radio,
Satellite T.V, MMDS, IPTV, Cable TV, DTH, Landing Rights, Temporary Uplinking and Mobile TV.
4.4.2.6 Oil and Gas Regulatory Authority (OGRA) has been set up under the Oil and Gas Regulatory
Authority Ordinance of March 2002 to; i) foster competition, increase private investment and
ownership in the midstream and downstream petroleum industry; ii) protect the public interest while
respecting individual rights and provide effective and efficient regulations. In order to implement
regulatory framework, OGRA issues Licences to oil marketing companies, gas distribution
networks, fertilizer manufacturing plant etc. and charge fees for these services. It also carries out
inspections of oil and gas distribution networks and imposes penalties in case of violations.Page 21
4.4.2.7 Drug Regulatory Authority of Pakistan (DRAP) has been established under the DRAP Act 2012
with a mandate to; i) provide effective coordination and enforcement of the Drug Act,1976; and ii)
bring harmony in inter provincial trade and commerce of theraptic goods.The regulatory functions of
DRAP include registration and marketing, authorization, inspection, laboratory testing, clinical trials
etc. and fee is charged against theses services.
4.4.2.8 Audit Oversight Board (AOB) is an organization formed under Part IXC of Securities and
Exchange Commission of Pakistan Act, 1997. AOB was established in Pakistan to provide
oversight to ensure audit quality of Public Interest Companies (PICs). AOB imposes penalities on
Audit firms who fail to comply with requirements of SECP Act,1997.
TABLE 11
Surplus of Govt Authorities
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Surplus of Govt Authorities
Pakistan Telecommunication A 33,812.000 28,432.000 23,149.000 Authority
C01008 PTA (4G/5G) 32,612.000 27,001.000 22,049.000
C01012 PTA Surplus 1,200.000 1,431.000 1,100.000
B Surplus + Profit 10,036.300 654.700 6,239.000
C01012 NEPRA (Surplus) 1,000.000 222.000 800.000
C01012 SECP (Surplus) 70.000 70.000 75.000
C01012 PNRA (Fines) 2.000 2.000 1.500
C01012 PEMRA (Surplus) 6.000 5.000 6.000
C01012 OGRA (Surplus+Fines) 1,000.000 350.000 1,000.000
C01012 Port Qasim Authority (Surplus+Fines) 5,000.000 - 2,000.000
C01012 Drug Regulatory Authority of Pakistan 1,500.000 - 1,000.000
C01012 Public Private Partnership Authority 200.000 - 200.000
Pakistan Standard Quality Control
C01012 1,100.000 - 1,000.000 Authority
C01012 Pakistan Engineering Council 150.000 - 150.000
C01012 Audit Oversight Board 8.300 5.700 6.500
C010 Total Surplus of Govt Authorities 43,848.300 29,086.700 29,388.000
4.4.3 Mark Up Receipts
4.4.3.1 Federal Government advances loans to Provinces, Government of Azad Jammu & Kashmir, Public
Sector Enterprises, Local Bodies and others to assist them in carrying out their development
programmes and social initiatives. These loans and advances are of two types, namely; i) Cash
Development Loans; and ii) Foreign Re-lent Loans. The former is advanced by the Federal
Government out of its own resources whereas the latter is obtained from foreign lenders.Page 22
4.4.3.2 Mark up accrued on the loans granted by the Federal Government to provincial governments, local
bodies, financial institutions, non-financial institutions, commercial departments and government
servants and foreign loans is reflected in this section. The mark up is charged in accordance with
the terms and conditions of each loan agreement.
4.4.3.3 Unless specified otherwise, every loan other than foreign loan advanced by the Federal
Government to the provincial governments is repayable over a period of 25 years. Moratorium of 5
years is allowed on recovery of principal. Simple mark up is realized at a rate determined annually
by the Finance Division, as per actual borrowing cost of the Federal Government.
4.4.3.4 Federal Government also advances loans to the Government servants for house building and for
the purchase of transport etc. These advances are governed by the rules as specified by Finance
Division from time to time.
4.4.3.5 Detail of statistics of Mark-up is given in Tables 12-19Page 23
TABLE 12
Mark Up Receipts
(Provinces)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Punjab 47,185.455 45,895.083 42,475.018
C01201 Mark-up Cash Loans 164.151 164.152 125.745
C01205 Mark-up Foreign Loans 47,021.304 45,730.931 42,349.273
Sindh 28,240.268 28,586.099 31,665.061
C01202 Mark-up Cash Loans 2,228.994 2,228.994 1,354.726
C01206 Mark-up Foreign Loans 26,011.274 26,357.105 30,310.335
Khyber Pakhtunkhwa 18,242.826 18,647.226 19,762.810
C01203 Mark-up Cash Loans - - -
C01207 Mark-up Foreign Loans 18,242.826 18,647.226 19,762.810
Balochistan 2,684.734 2,317.688 1,906.763
C01204 Mark-up Cash Loans 1,263.602 1,263.602 433.336
C01208 Mark-up Foreign Loans 1,421.132 1,054.086 1,473.427
C012 Total Mark-up (Provinces) 96,353.283 95,446.096 95,809.652
Loan-Wise Break Up
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Mark Up - Cash Loans 3,656.747 3,656.748 1,913.807
C01201 Punjab 164.151 164.152 125.745
C01202 Sindh 2,228.994 2,228.994 1,354.726
C01203 Khyber Pakhtukhwa - - -
C01204 Balochistan 1,263.602 1,263.602 433.336
Mark Up - Foreign Loans 92,696.536 91,789.348 93,895.845
C01205 Punjab 47,021.304 45,730.931 42,349.273
C01206 Sindh 26,011.274 26,357.105 30,310.335
C01207 Khyber Pakhtoonkhwa 18,242.826 18,647.226 19,762.810
C01208 Balochistan 1,421.132 1,054.086 1,473.427
C012 Total Mark-up (Provinces) 96,353.283 95,446.096 95,809.652Page 24
TABLE 13
Mark Up Receipts (Local Bodies)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Mark Up (Local Bodies)
Mark Up - Cash Loans (A) 86,705.528 97,868.555 107,100.392
C01399 PBC 173.253 297.992 288.387
C01399 NHA 60,805.695 71,037.809 80,689.421
C01399 PIA 12,159.768 12,159.768 12,129.585
C01399 CDA 322.553 312.094 300.903
C01399 Saindak Metal Ltd 2,456.284 2,456.284 2,364.033
C01399 Pakistan Machine Tool Factory 51.500 51.500 51.500
C01399 State Engineering Corporation 22.442 156.636 5.263
C01399 Heavy Mechanical Complex Taxila 33.480 32.535 31.524
C01399 Heavy Electric Company 10.296 10.296 10.296
C01399 Lahore Garment City Lahore 52.141 96.596 96.596
C01399 Pakistan Engineering Company 216.956 186.056 186.056
C01399 Printing Corporation of Pakistan 47.134 45.936 44.658
C01399 Pakistan Steel Mills 10,354.026 11,025.053 10,902.170
Mark Up - Foreign Loans (B) 60,378.269 60,875.158 55,250.631
C01399 GIK Institute 0.547 0.542 0.429
C01311 Karachi Port Trust 1,779.529 1,620.997 1,561.073
C01324 PAEC 7,701.379 7,307.034 6,056.824
C01399 SKMT 0.818 0.811 0.581
C01330 NHA 48,193.341 48,777.958 44,588.978
C01399 PPAF 34.616 34.616 25.685
C01399 NEPRA 1.771 1.771 1.651
C01399 TEVTA 7.884 7.884 4.380
C01517 OGRA 2.021 2.021 1.884
C01322 SSGC 0.880 0.880 0.805
C01399 Gwadar Port Authority 688.752 688.752 688.752
C01399 SUPARCO 1,751.560 2,216.721 2,125.410
C01399 SCO 215.171 215.171 194.179
C013 Total Mark Up Local Bodies (A+B) 147,083.797 158,743.713 162,351.023Page 25
TABLE 14
Mark Up Receipts
(Financial Institutions)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Mark up Foreign Loans
C01411 PMRC 537.626 537.626 518.797
C014 Total Mark-up (Financial Institutions) 537.626 537.626 518.797
TABLE 15
Mark Up Receipts
(Non-Financial Institutions)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
(I) Power Sector 58,537.632 62,841.189 68,741.646
Mark-up Cash Loans (A) 18,905.100 21,640.846 22,333.126
C01501 WAPDA (water wing) 523.708 523.708 514.247
C01502 WAPDA (power wing) 8,098.953 8,098.953 7,829.800
C01599 TESCO 3.108 3.108 0.809
C0150A QESCO 2,475.959 2,487.949 2,492.089
C01599 MEPCO 87.386 87.386 84.045
C0150B GENCO-I 2,466.925 3,890.865 4,536.703
C0150B GENCO-II 857.005 857.005 820.719
C0150B GENCO-IIII 172.163 172.163 159.559
C0150B GENCO-IV 77.331 77.331 77.331
C0150C NTDC 1,481.270 2,676.430 3,131.240
C01599 NJHP 2,051.886 2,051.886 1,972.522
C01730 PESCO 609.406 714.062 714.062
Mark up-Foreign Loans (B) 39,632.532 41,200.343 46,408.520
C01517 WAPDA (power wing) 10,887.644 13,193.510 14,166.755
C01599 Jamshoro Power Company Ltd 10,616.431 9,827.549 9,182.374
C01599 LESCO 229.425 229.425 208.746
C01599 NTDC 9,567.433 9,242.555 15,248.022
C01599 IESCO 533.893 908.255 1,005.580
C01599 HESCO 243.422 244.233 218.591
C01599 PESCO 266.742 265.739 244.500
C01599 QESCO 523.274 523.274 481.064
C01599 GEPCO 414.350 414.350 376.064
C01599 FESCO 244.216 244.216 223.164
C01599 MEPCO 399.116 400.651 364.161
C01599 PEPCO 45.931 45.931 43.105
C01599 NJHP 5,660.655 5,660.655 4,646.394
contd…Page 26
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
(II) Autonomous Bodies/Corporations 129.158 128.822 88.770
Mark up Foreign Loans 129.158 128.822 88.770
C01527 Pakistan Railways 128.891 128.555 88.770
C01599 Korangi Fish Harbour Authority 0.267 0.267 -
C015 Total Non-Financial Institutions (I+II) 58,666.790 62,970.011 68,830.416
TABLE 16
Mark Up Receipts
(Government Servants)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
C016 Government Servants
C01605 Cantt/Garrison Educational Institutions 4.737 4.512 4.737
C01605 Office of the AGPR, Isb 256.333 233.030 256.333
C01605 AGPR sub-office, Lahore 81.500 89.650 99.512
C01605 AGPR sub-office, Karachi 75.896 133.687 147.055
C01605 AGPR sub-office, Peshawar 58.481 10.689 11.224
C01605 AGPR sub-office, Quetta 5.458 6.685 7.019
C01605 AGPR sub-office, Gilgit 15.308 30.604 31.828
C01605 Defence 18.080 - 18.080
Military Accountant General,C01605 4.298 4.413 4.413 Rawalpindi
C01605 Pakistan Post Office Department 5.979 5.380 4.842
C01605 Pak PWD 1.225 - -
C01605 Pakistan Mint 0.465 1.107 0.964
C01605 CAO (Ministry of Foreign Affairs) 1.446 1.127 1.240
C01605 Central Dte of National Savings 3.350 4.624 5.438
C01605 Geological Survey of Pakistan - - -
C01605 National Tariff Commission 0.291 0.670 0.790
C016 Total Government Servants 532.847 526.178 593.475Page 27
TABLE 17
Mark Up Receipts
(AJK & Others)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Mark up - Cash Loans (A) 2,701.707 2,603.345 2,089.035
Ways & Means Advances to Provinces, - - - AJK/Special Areas
C01701 Government of AJ&K 2,701.707 2,603.345 2,089.035
Mark up - Foreign Loans (B) 1,949.648 1,844.388 1,722.654
C01702 Government of AJ&K 1,643.698 1,549.053 1,466.014
C01709 Government of GB 128.342 146.358 150.065
C01799 Guarantee Fee on Foreign Loans (EAD) 177.608 148.977 106.575
C017 Total AJK & Others (A+B) 4,651.355 4,447.733 3,811.689
TABLE 18
Mark Up Receipts (Others)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Mark up - Cash Loans
C01801 Pakistan Post Office Department 10.000 10.000 10.000
C01823 Mark up (others) 110,000.000 170,000.000 110,000.000
C018 Total Mark-up Receipts (Others) 110,010.000 170,010.000 110,010.000
TABLE 19
Summary of Mark Up (Provinces, PSEs & Others)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Total Mark up Cash Loans 218,855.182 292,648.924 242,126.028 (PSEs & Others)
Total Mark up Foreign Loans (PSEs & 102,627.233 104,586.337 103,989.372 Others)
C012 Total Mark-up (Provinces) 96,353.283 95,446.096 95,809.652
C013 Total Local Bodies 147,083.797 158,743.713 162,351.023
C014 Total Financial Institutions 537.626 537.626 518.797
C015 Total Non-Financial Institutions 58,666.790 62,970.011 68,830.416
C016 Total Government Servants 532.847 526.178 593.475
C017 Total AJK & Others (A+B+C) 4,651.355 4,447.733 3,811.689
C018 Total Mark-up Receipts (Others) 110,010.000 170,010.000 110,010.000
Total Mark up (PSEs & Others) 321,482.415 397,235.261 346,115.400
Estimated Shortfall 123,482.415 247,235.261 158,115.400
Net Total (PSEs & Others) 198,000.000 150,000.000 188,000.000
C012-018 Grand Total (Mark-up) 294,353.283 245,446.096 283,809.652Page 28
4.4.4 Dividends on Government Investments
4.4.4.1 Dividends represent return on Federal Government's investment in the share capital of financial and
non-financial institutions. The receipt of dividends varies from year-to-year depending upon profits
earned by these entities.
4.4.4.2 The details of the estimates are given in table below:
TABLE 20
DIVIDENDS
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
C01901 Financial Institutions (A) 1,450.000 1,171.290 2,275.000
C01901 National Investment Trust 250.000 250.000 350.000
C01901 NBP 50.000 - 75.000
C01901 Pak Oman Investment Co 200.000 169.125 300.000
C01901 Pak Brunei Investment Co 300.000 150.000 450.000
C01901 Pak Iran Joint Investment Co 250.000 100.000 350.000
C01901 Pak-China Investment Co 100.000 100.000 150.000
C01901 Bankers Equity Limited - 2.165 -
C0901 Exim Bank - 130.000 150.000
C01901 Pakistan Mortagage Refinance Co. Ltd 300.000 270.000 450.000
C01902 Non-Financial Institutions (B) 137,465.000 196,789.687 203,859.000
C01902 Pakistan Petroleum Limited* 18,000.000 38,995.000 42,995.000
C01902 Mari Gas Company Limited 4,500.000 3,572.781 3,572.781
C01902 Pakistan State Oil 1,500.000 1,500.000 1,500.000
C01902 Pak Arab Refinery 30,000.000 33,051.000 37,051.000
C01902 SNGPL 2,000.000 2,500.000 2,500.000
C01902 GHPL 9,000.000 9,000.000 9,000.000
C01902 OGDCL* 62,000.000 95,420.000 94,489.313
C01902 PMDC 400.000 400.000 400.000
C01902 SLIC 2,200.000 2,200.000 2,200.000
C01902 NIC 800.000 800.000 800.000
C01902 Pak Re-Insurance Corporation 1,000.000 944.472 944.472
C01902 Fauji Fertilizer Co.Ltd 120.000 277.323 277.323
C01902 Pakistan Services Ltd 6.000 - -
C01902 PIDC 100.000 100.000 100.000
C01902 Pakistan National Shipping Corp 2,000.000 4,625.348 4,625.348
C01902 NESPAK 80.000 80.000 80.000
C01902 PTCL 2,000.000 2,000.000 2,000.000
C01902 NFC 250.000 250.000 250.000
C01902 NTDC 800.000 464.000 464.000
C01902 Trading Corporation of Pakistan 500.000 500.000 500.000
C01902 Tourism Promotion Services 3.000 3.763 3.763
C01902 PERAC 6.000 6.000 6.000
C01902 PASSCO 200.000 100.000 100.000
C019 Total - Dividends (A+B) 138,915.000 197,960.977 206,134.000
* Including BESOSPage 29
4.5 Receipts from Civil Administration and Other Functions
4.5.1 These receipts comprise of General Administration Receipts, Defence Services Receipts, Law and
Order Receipts, Community Services Receipts and Social Services Receipts. Revised Estimates
2024-25 and Budget Estimates 2025-26 are given below:
TABLE 21
Receipts from Civil Administration and Other Functions
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Receipts from Civil Administration andC02 Other Functions
C021 Total Receipt from Civil Adminstration 500.728 207.406 268.887
Total General Admn. Receipts - FiscalC022 2,500,808.130 2,620,333.248 2,401,270.270 Admn
C023 Total Economic Regulations 3,534.460 2,700.000 4,300.000
C024 Total General Admn. Statistics 2.600 3.070 2.100
C025 Total Defence Services Effective 42,427.073 34,602.054 35,442.364
C026 Total Law and Order Receipts 1,954.255 2,506.045 5,624.680
C027 Total Community Services Receipts 4,586.230 1,769.922 1,903.739
C028 Total Social Services 424.936 432.506 479.958
C029 Total Social Services Miscellaneous 1,500.000 1,000.000 1,100.000
Total Receipts from CivilC02 2,555,738.412 2,663,554.251 2,450,391.998 Administration and Other Functions
4.5.2 General Administration Receipts
4.5.3 Organs of State
4.5.3.1 These receipts are realized on account of fees received from the candidates appearing in various
competitive examinations conducted by Federal Public Service Commission (FPSC) and receipts of
Election Commision of Pakistan under Elections Act, 2017. Estimates of receipts on this account
are given below:-Page 30
TABLE 22
Receipt from Civil Adminstration- Organs of State
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Receipt from Civil Adminstration
C021 Organs of State
Organs of State - Examination Fee
C02101 realized by Federal Public Service 200.000 150.000 200.000
Commission (FPSC)
Receipts of Election Commission of
C02166 300.728 57.406 68.887 Pakistan under Election Act, 2017
Total Receipts from CivilC021 500.728 207.406 268.887 Adminstration
4.5.4 Fiscal Administration
4.5.4.1 Audit Fee - The department of the Auditor General of Pakistan charges fee from autonomous
bodies/corporations etc. which do not fall within its normal audit jurisdiction, for auditing their
accounts.
4.5.4.2 State Bank of Pakistan Receipts- The surplus profit of the State Bank of Pakistan is transferred
to the Federal Government in the light of Section 42 SBP (Amendment) Act, 2022.
4.5.4.3 Pakistan Mint Receipts - Pakistan Mint's receipts are mainly from the disposal of dross & scrap
and from minting of medals for defence services, sports and academic institutions etc.
4.5.4.4 Pension and Gratuity Contribution - These receipts pertain to pension and gratuity contributions
by the borrowing departments in respect of officials serving on deputation basis. The estimates of
receipts from fiscal administration are given below:Page 31
TABLE 23
General Administration Receipt - Fiscal Adminstration
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description
Code Budget Revised Budget
General Administration. Receipts
C022 Fiscal Administration - Audit (A) 808.130 730.319 1,270.270
C02204 Receipts of AGP office (Audit Other) 0.010 0.140 0.050
C02206 Audit Other (AGP) 0.120 2.179 0.220
C022 Fiscal Administration - Currency (B) 2,500,000.000 2,619,602.929 2,400,000.000
C02211 State Bank of Pakistan Profit 2,500,000.000 2,619,602.929 2,400,000.000
C022 Fiscal Administration - Mint
C02233 Pakistan Mint (Assay Account) 100.000 160.000 200.000
Fiscal Administration in Aid ofC022 Superannuation
C02241 Contribution of Pension (CGA) 8.000 8.000 10.000
Contribution of Pension and Gratuities
C02241 700.000 500.000 1,000.000 (AGPR)
C02244 Contribution to GFP (PPOD) - 60.000 60.000
Total General Administration ReceiptsC022 2,500,808.130 2,620,333.248 2,401,270.270 (A+B)
4.5.5 Economic Regulations
4.5.5.1 The receipts on this account largely comprise of insurance fee realized under Insurance Ordinance,
2000. The estimates are given below:
TABLE 24
General Administration Receipt - Economic Regulations
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Economic Regulations
Trade Mark Reg Fee & Other Misc
C02301 600.000 - - Receipts
Fees realized under Insurance Act 1938/
C02302 2,534.460 2,200.000 3,600.000 (SECP)
Receipts under Anti Dumping Duties
C02308 400.000 500.000 700.000 Ordinance, 2000 (Commerce Division)
C023 Total Economic Regulations 3,534.460 2,700.000 4,300.000Page 32
TABLE 25
General Administration Receipt Economic Statistics
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
General Administration. Statistics
C02401 Sale of Census Publication (Planning) 1.700 2.200 1.200
Sale of data Misc. Receipts (Others)
C02470 0.900 0.870 0.900 (Planning)
C024 Total General Administration Statistics 2.600 3.070 2.100
Grand Total Gen AdmnC021-24 4,845.918 3,640.795 5,841.257 (Excl SBP Profit)
4.5.6 Defence Services Receipts
4.5.6.1 These receipts are realized mainly on account of dues from civil agencies, sale & auction of obsolete stores
and charges realized on account of use of army aviation facilities, hospital stoppages roll and receipt of Govt.
share out of the fees paid by civil patients treated in Military Hospitals etc.
4.5.6.2 The estimates of defence receipts are given below :-
TABLE 26
Defence Services Receipts
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Defence Services Effective
C02520 39,803.656 31,485.085 31,857.850
Effective (MOD+Defence Production Div)
C02520 Hospital Stoppage (Defence Div) 2,623.417 3,116.969 3,584.514
C025 Total Defence Services Effective 42,427.073 34,602.054 35,442.364
4.5.7 Law and Order Receipts
4.5.7.1 These receipts represent the proceeds from fines imposed by Insurance Appellate Tribunals, Federal
Services Tribunals, Income Tax Tribunals, Drug Courts and Special Judges under the administrative control
of Law and Justice Division. These also include fines, fees and recoveries of the Supreme Court of Pakistan,
Civil Armed Forces and Frontier Watch & Ward. The fees realized on account of issuance and renewal of
arms licenses by the Ministry of Interior & Narcotics Control are also reflected under this classification.The
estimates of receipts from law and order are given as under:Page 33
TABLE 27
Law and Order Receipts
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Law and Order Receipts
General Fees, Fines & Forfeitures
C02604 200.000 170.000 380.000 (Justice Law Courts)
General Fees, Fines & Forfeitures
C02604 0.015 0.015 0.200 (Federal Shariat Court)
C02613 Others (FST) 0.700 0.100 0.100
Medical Tribunal Fee
C02615 1.440 0.150 0.150 (Medical Tribunal Islamabad)
Frontier Watch and Ward
C02621 Frontier Constabulary & Militia Receipts 240.000 240.000 450.000
(MOI)
C02624 Recoveries of overpayments (CAF) 101.500 97.500 403.050
C02625 Others (ICT) 5.600 5.350 6.930
C02635 Receipts under Arms Act (MOI) 420.000 322.000 800.000
C02637 Receipts of Motor Driving Licenses (ICT) 300.000 943.490 2,000.000
C02637 Motor Driving License (NHMP) 33.000 33.000 34.000
C02638 Traffic Fines (ICT) 600.000 649.030 1,500.000
Collection of payment for services
C02641 20.000 20.000 20.000 rendered
C02647 Fines and Penalties (CAF, Interior) 2.500 2.250 3.250
Recoveries of Over Payments
C02648 4.500 2.160 5.000 (CAF, Interior)
C02650 Others 25.000 21.000 22.000
C026 Total Law and Order Receipts 1,954.255 2,506.045 5,624.680
4.5.8 Community Services Receipts
4.5.8.1 The receipts under community services comprise of rent of government buildings, land, guest houses, hostels
and sale proceeds of material of demolished buildings. These receipts are realized by Ministry of Housing and
Works, Ministry of National Health Services Regulations and Coordination, and Ministry of Interior and
Narcotics Control (Frontier Corps). The receipts realized by Survey of Pakistan for its services and supply of
maps are also included here. Details of the estimates are given below:-Page 34
TABLE 28
Community Services Receipts
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Community Services Receipts
C02701 Building Rent (ICT) 10.000 6.000 7.000
C02701 Building Rent (AGPR) 0.650 0.150 0.200
C02701 Building Rent (CGA) 2.200 1.650 1.700
Rent of Govt Buildings realized by Estate
C02701 1,255.000 1,000.000 1,260.000 Office
Housing & Works
C02701 140.000 160.000 165.000 (Ground Rent Section)
Rent of Govt Buildings realized by
C02701 80.000 100.000 115.000 H&W Div
Building Rent (Met. Deptt)
C02701 3.000 3.000 3.000 (Defence Div)
C02701 Building Rent (AGP) 9.500 8.422 8.827
C02701 Building Rent of PAEC (Hostel Charges) 30.000 30.000 32.000
Collection of Payment for Services
C02705 0.050 0.200 0.200 Rendered (Met Deptt) (Defence Div)
C02706 Others - (Met. Deptt) (Defence Div) 0.100 0.050 0.050
Other Receipts of H&W Div (includingC02706 2,963.000 321.000 160.500 GRS)
Works - Communication
C02714 Recoveries of overpayments (AGP) 0.330 0.100 0.212
Others - Construction Technology
C02716 13.500 13.500 15.300 Training Institute (CTTI)
C027 Public Health
Sale proceeds of sera and vaccines
C02721 5.000 5.150 6.650 (NHSR&C)
Collection of payments forC02725 2.900 51.200 57.600 services rendered by NHSR&C
C027 Science Research and Survey
C02731 Survey of Pakistan (Defence Div) 34.000 34.000 35.000
Other - Met. Data Sale Charges, Lahore,
C02734 37.000 35.500 35.500 Karachi
C027 Total Community Services Receipts 4,586.230 1,769.922 1,903.739Page 35
4.5.9 Social Services Receipts
4.5.9.1 The receipts under this head are realized on account of fees charged from students of the
educational institutions of various Ministries and Divisions. The entry fee for historical places and
archeological sites is collected by National Heritage & Culture Division. The charges for medical
services are realized by the Federal Government hospitals and health establishments. The
estimates are given in the following table:
TABLE 29
Social Services Receipt
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Social Services
Receipts from Museums
C02817 0.290 0.250 0.290 (Heritage Div)
Education Fees from Schools & Colleges
C02818 166.241 152.499 155.000 (MoFE&PT)
Education Fees from Schools and
C02818 90.000 107.000 110.000 Colleges (MOD)
C02818 Education Others MFU (Cabinet Division) 0.150 0.150 -
C02818 Education Others NDU (Cabinet Division) 0.005 0.005 0.005
C02818 Education Others NAP (Cabinet Division) 0.150 0.150 0.150
C02824 Receipts from Libraries 2.000 2.000 3.000
Health
C02855 Hospital Receipts-PIMS (NHSR&C) 4.500 4.500 6.000
Recoveries of Diet Charges -PIMSC02856 1.500 1.500 3.000 (NHSR & C)
C02857 Rooms Rent -PIMS (NHSR & C) 11.000 11.000 15.000
Govt. share fees realized by doctors fromC02858 133.000 133.000 160.000 patient (PIMS)
C02845 NIRM (NHSR & C) 7.500 6.136 8.000
Sale of Medicines and Vaccines
C02860 3.000 3.000 7.500 (NHSR & C)
Receipts of Health Establishments
C02875 5.600 11.316 12.013 (M/o NHSRC)
C028 Total Social Services 424.936 432.506 479.958Page 36
4.5.10 Social Services Misc Receipts
4.5.10.1 Under Social Services Miscellaneous Head, the Emigration Fee deposited by Pakistani workers
working abroad in terms of Emigration Ordinance, 1979 is reflected. The receipts of OP&HR
Division on account of registration of overseas employment agencies and deposits by individuals
for protection of their visas are also collected under this head. The details are given in the following
table:
TABLE 30
Social Services Miscellanenous Receipts
(Rs. In Million)
2024-25 2024-25 2025-26 Object Description Budget Revised Budget Code
Social Services Miscelaneous
Registration and other fees Pakistanis
C02906 1,500.000 1,000.000 1,100.000 working abroad OP&HRD
C029 Total Social Services Miscelaneous 1,500.000 1,000.000 1,100.000
4.6 Miscellaneous Receipts
4.6.1 Miscellaneous receipts comprise of (i) Economic Services Receipts (ii) Extraordinary Receipts (iii)
Others Receipts. A brief description of these receipts is given in the following table:
TABLE 31
Miscellaneous Receipts
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
C03 Miscellaneous Receipts
Total Economic Services Receipts FoodC031 1,036.550 1,213.300 1,215.900 & Agriculture
Total Economic Services Receipts-C032 462.870 683.580 772.100 Fisheries & Animal Husbandry
Total Economic Services Receipts-C035 15,416.700 69,741.200 32,797.050 Others
C036 Total Foreign Grants 15,000.000 6,000.000 2,000.000
C037 Total Extraordinary Receipts 51,853.650 37,221.781 37,600.488
C038 Total Passport and Visa Fees 75,004.500 75,000.000 76,500.000
C038 Total Other Receipts 100,516.436 84,801.741 109,008.568
C039 Total Receipts from Oil and Gas Sector 1,528,460.000 1,464,606.000 1,887,682.000
C03 Total Miscellaneous Receipts 1,787,750.706 1,739,267.602 2,147,576.106Page 37
4.6.2 Economic Services Receipts
4.6.2.1 Economic Services Receipts comprise of Food & Agricultural, Fisheries & Animal Husbandry and
Other receipts. A brief description of these receipts is given in the following paragraphs and related
statistics are given in Tables 32-34:
4.6.2.2 Food and Agricultural Receipts are mainly realized on account of fee for plant protection services
and fee associated with registration, enlisting and renewal of seed varieties by National Food
Security and Research Division.
TABLE 32
Economic Services Receipts - (Food & Agriculture Receipts)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description
Code Budget Revised Budget
Economic Services Receipts Food & C031 Agriculture
C03101 Food Department (ICT) 0.550 1.000 1.200
C03116 Agriculture Receipts (ICT) 0.100 0.100 0.500
C03123 Plant Protection services (NFS&R) 1,000.000 1,200.000 1,200.000
Receipts from soil conservation &
C03124 1.000 1.000 0.700 Operations (ICT)
Registration fee-seed industry (M/o
C03138 7.000 4.000 4.500 NFS&R)
Enlisting fee-seed industry
C03139 15.000 4.000 5.000 (M/o NFS&R)
Renewal fee-seed industry
C03140 12.000 2.000 2.500 (M/o NFS&R)
C03142 Receipts from Plant Breeders Right 0.900 1.200 1.500
Total Economic Services Receipts C031 1,036.550 1,213.300 1,215.900 Food & Agriculture
4.6.2.3 Fisheries & Animal Husbandry Receipts are mainly realized on account of quarantine fee on
animal exports/imports by National Food Security & Research Division.Page 38
TABLE 33
Economic Services Receipts-(Fisheries & Animal Husbandry)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Economic Services Receipts-Fisheries
C032 & Animal Husbandry
C03201 Ordinary Receipts (ICT) 60.000 183.000 200.000
Ordinary Receipts (Marine Fisheries
C03201 100.000 200.000 250.000 Deptt)
Receipts of Pakistan Maritime Security
C03205 0.750 0.460 1.000 Agency (MOD)
C03227 Insemination Fees (ICT) 0.120 0.120 0.100
Others-Receipts of Animal Quarantine
C03231 Deptt (NFS&R) 270.000 280.000 300.000
Husbadry Graduates Students, Faculty
C03231 Registration, Inspection Fee (IPC Div) 32.000 20.000 21.000
C032 Total Economic Services Receipts-
462.870 683.580 772.100 Fisheries & Animal Husbandry
4.6.2.4 Receipts from Explosive Department pertain to the fee charged by the Department of Explosives
for granting licenses to the firms dealing in explosives. The receipts of Explosive Department are
charged for industrial safety.
4.6.2.5 Receipts from Lighthouses and Lightships comprise of :-
(i) Examination fee, survey and registration fees realized by the Mercantile Marine Department,
Karachi,
(ii) cargo shipping and discharging fees from the shipping companies,
(iii) fines realized from seamen for offences committed by them,
(iv) fees realized from cadets under training in the Mercantile Marine Academy, Karachi, Seamen's
Training Centre, Karachi and,
(v) Lighthouse dues realized from the shipping companies operating on the coasts of Pakistan. These
receipts are shown under transportation and communication heads.
4.6.2.6 Receipts from Post Office mail operation pertain to services charges against the domestic and
international mail services.These not only inlude the delivery of ordinary letters and parcels but also
value added services like Express Mail Service(EMS) and Cash on Delvery(COD).Page 39
TABLE 34
Economic Services Receipts-Others
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
C035 Economic Services Receipts- Others
Lease Extension Bonus (Petroleum
C03505 - 54,000.000 5,000.000 Division)
Wellhead Value Receipts & License Rent
C0350A - 1,500.000 1,250.000 (Petroleum Division)
C0350D NEV Adoption Levy (M I&P) - - 10,000.000
Industrial Safety- Explosives Department
C03506 1,125.000 950.000 950.000 (Petroleum Division)
Sale of other Government
C03512 0.600 0.600 0.750 Publications (UDB), (Heritage Div)
C03518 Cost of tender documents(PAEC) 1.600 1.300 1.500
Excise Duty on Minerals under
C03545 0.500 0.500 0.800 Partnership Act (ICT)
Survey Fees-Mercantile MarineC03560 40.000 37.000 42.000 Department Karachi (MMD)
Fees for the Regitration of Vessels
C03562 1.000 0.800 1.000 (MMD)
Fees for the Engagement and
C03561 13.000 13.000 13.000 Discharges - Seamen's (GSO,Karachi)
C03565 Registration and other Fees (MMD) 12.000 10.000 10.000
C03567 Others Fees (MMD) 15.000 20.000 20.000
C03565 Registration and other Fees (PMA) 7.000 7.000 8.000
Lighthouses & Lightships Deptt,Karachi
C03571 2,200.000 1,200.000 2,500.000 (MMD)
C03581 Post Office Mail Operation 7,600.000 7,600.000 7,800.000
C03582 Others (Post Office Receipts) 402.000 402.000 420.000
C03586 Commision on Money Transfer 382.000 283.000 333.000
Net Receipts from Other Postal
C03587 790.000 790.000 900.000 Administrations
C03588 Agency Receipts 2,827.000 2,926.000 3,547.000
Total Economic Services Receipts-C035 15,416.700 69,741.200 32,797.050 OthersPage 40
TABLE 35
Foreign Grants
(Rs. In Million)
Object Description 2024-25 2024-25 2025-26
Code Budget Revised Budget
C036 Foreign Grants
Foreign Grants - Development Grants from
C03601 Foreign Governments 15,000.000 6,000.000 2,000.000
C036 Total Foreign Grants 15,000.000 6,000.000 2,000.000
4.6.3 Extraordinary Receipts
4.6.3.1 These receipts are realized by different Ministries, Divisions and Departments. The brief
introduction of the main regular receipts under these heads are given as under with a relevant
statistics in Tables 36
4.6.3.2 Kartarpur Corridor service charges are collected from Pilgrims in lieu of services.
4.6.3.3 National Database and Registration Authority (NADRA) is responsible for the development and
establishment of an improved and modernized system of registration in the country through
appropriate means including technologically advanced,effective and efficient means like
computerization,automation,creation of data base and related facilities and services.It charges fee
for providing services to the public. NADRA is required to remit any surplus receipt over the actual
expenditure in a year after payment of tax.
4.6.3.4 Pakistan Civil Aviation Authority (PCAA) is responsible for the regulation and control of civil
aviation activities in the country. The authority is also responsible for the development of
infrastructure for promotion of safe, efficient, adequate, economical and properly coordinated civil
air transport service. The authority charges licensing fee, service charges etc. in lieu of provision of
different services to the public.
4.6.3.5 The major portion of receipts comes from United Nations (UN) in lieu of services rendered by
Pakistani troops taking part in various peacekeeping operations worldwide.The other receipts are
generated by various staff welfare initiatives and accreditation services.
4.6.3.6 The Budget Estimates & Revised Estimates for the FY 2024-25 and Budget Estimates for FY 2025-
26 are given in Table below.Page 41
TABLE 36
Extraordinary Receipts
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
C037 Extraordinary Receipts(A) 5,853.650 4,721.781 6,400.488
Sale of Other Government Assets
C03706 0.400 0.400 0.200 (Federal Shariat Court)
C03707 Cost of ID/Penalities (PAEC) 0.050 0.003 0.005
C03727 Recovery of Monetized Value (AGP) 0.200 0.100 0.005
Fee collected by Staff Welfare
C03743 28.000 60.000 65.000 Organizations (Estab Division)
Fee Collected by Pak. National
C03744 Accreditation Council (M/o Science & 25.000 31.000 35.000
Technology)
Service Charges from Indian Pilgrims
C03747 using Kartarpur (M/o Religious Affairs & 1,000.000 630.278 700.278
I.H)
C03761 Surplus Profit of NADRA 4,000.000 4,000.000 4,800.000
Surplus Profit of Pakistan Civil Aviation
C03762 800.000 - 800.000 Authority
C037 Other Recipts (B) 46,000.000 32,500.000 31,200.000
Others- Receipts from UN (Military)
C03725 45,500.000 32,500.000 31,200.000 (Defence Division)
Others- Receipts from UN (Civil) M/o
C03725 500.000 - - Interior
C037 Total Extraordinary Receipts(A+B) 51,853.650 37,221.781 37,600.488
4.6.4 Other Receipts
4.6.4.1 These receipts are realized by different Ministries, Divisions and Departments. The brief
introduction of the main regular receipts under this head is given as under with a relevant statistics
in Tables 37-38:
4.6.4.2 Citizenship, Naturalization and Passport Fees,are realized mainly by the Immigration & Passport
Offices in Pakistan and Pakistani Missions abroad on account of issuance, renewal and
endorsement of passports and visas.Page 42
TABLE 37
Citizenship, Naturalization, Passport and Copyright Fees
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Passport and Visa Fees
C03806 Citizenship Copyrights (ICT) 4.500 - -
C03806 Citizenship/Naturalization/Others 1,000.000 2,500.000 1,500.000
Citizenship, Naturalization & PassportC03897 15,000.000 11,500.000 9,000.000 Fee (MOI)
C0380G Passport Fee Collection 50,000.000 52,000.000 56,000.000
C0380H Visa Fee Collection 9,000.000 9,000.000 10,000.000
C038 Total Passport and Visa Fees 75,004.500 75,000.000 76,500.000
4.6.4.3 Royalty, Pollution and Tracking Fees From Tourists is charged from the tourists coming to
Pakistan for climbing the mountain peaks.
4.6.4.4 Receipts from Tourism Department is include Licenses Fee of Hotels, Restaurants and Travel
Agencies, Registration Fee of Hotels and Restaurants, Licenses Renewal fee of Hotels,
Restaurants and Travel Agencies and the Fines/Late fee of Hotels, Restaurants and Travel
Agencies within Capital Territory by Ministry of Interior.
4.6.4.5 Receipts Collected by Ministry of Foreign Affairs is realized on the auction of vehicles, sale of
used machinery and equipment, gains on exchange against the remittances made by the
Government for the expenditure of the Pakistan's missions in various countries, recovery of
overpayment made to the Government servants posted abroad and the deduction of income tax,
GP Fund, Benevolent Fund, House Building and Motor Car Advances of the employees posted in
various Pakistan's missions abroad.
4.6.4.6 Receipts from Special Communications Organization are collected by the Special
Communications Organization for providing telecommunication services in specific areas. The
Special Communications Organization primarily operates in the Azad Kashmir and Gilgit-Baltistan.Page 43
TABLE 38
Details of Other Receipts
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Other Receipts
C03801 Unclaimed Deposits (CAF) MOI 4.100 3.550 4.760
C03802 Sale of Stores & Material (ICT) 48.249 51.049 52.369
C03802 Sale of Stores & Material (NHMP) - 100.000 45.000
C03802 Sale of stores Materials (MOD) - 3.370 -
Sale of stores Materials(Met Deptt)C03802 - 0.400 0.400 (MOD)
C03802 Sale of Stores & Material (PAEC) 28.000 115.000 119.000
C03802 Sale of Stores & Material (AGPR) 0.400 0.250 0.300
C03802 Sale of Stores & Material (CGA) 1.000 0.250 0.350
C03802 Sale of Stores and Material (MoFA) 15.000 15.000 20.000
Sale publicity material & rent of
C03802 0.160 0.200 0.250 documentaries (MOIB)
C03802 Sale of Stores and Material (AGP) 3.610 0.045 0.112
C03802 Sale of Store and Material (ASF) (MOD) 7.304 4.257 7.300
C03805 Rent, Rates & Taxes (AHK & NCRD) 3.000 4.000 5.000
C03805 Rent, Rates & Taxes (Auqaf) - ICT 0.900 0.900 1.150
C03805 Rent, Rates & Taxes (AGPR) 0.075 0.050 0.060
C03805 Rent, Rates & Taxes (CGA) 0.700 0.842 0.560
C03805 Rent, Rates & Taxes (AGP) 0.490 0.446 0.453
Rent , Rates and Taxes (Met
C03805 0.850 0.850 0.850 Department) (MOD)
C03805 Rent,Rates and Taxes (PIMS) 110.000 110.000 130.000
C03806 Citizenship Copyrights (ICT) - 4.000 5.000
Realizations under the Monopolies &
C03807 Restrictive (Competetion Commission of 250.000 150.000 200.000
Pakistan)
Receipts under the Mines-Oilfields and
C03808 5,000.000 18,500.000 15,000.000 Mineral Development Act(M/o Petroleum)
Receipts under Abandoned Properties
C0380B 14,030.262 13,889.300 500.000 Act 1975
C0380D Consular Receipts of Foreign Affairs 250.000 250.000 350.000
contd….Page 44
(Rs. In Million)
2024-25 2024-25 2025-26 Object Description Budget Revised Budget Code
License/Lease Rent ReceiptsC0380I 600.000 780.000 - (M/o Petroleum)
License/Lease Rent ReceiptsC0380L - 70.000 850.000 (M/o Petroleum)
Other Receipts - Gains by Exchange on
C03812 150.000 150.000 150.000 Remittance Abroad (MoFA)
Fee for Registration societies underC03818 - 2.000 2.500
the Reg Act
Receipts of Tourist Department
C03821 46.000 48.000 50.000 (IPC Div)
Recovery of Overpayments
C03824 40.000 40.000 45.000 (M/o Foreign Affairs)
Recoveries of OverpaymentC03824 0.796 0.863 - (ASF) (MOD)
Recoveries of Overpayment (Met.Deptt)
C03824 2.000 3.000 - (MOD)
C03824 Recoveries of Overpayment (CGA). 1.800 1.777 1.817
C03824 Recoveries of Overpayment (AGP). 0.390 5.683 5.962
C03825 Payment for services Rendered (ICT) 10.000 10.000 10.000
Collection of Payment for services
C03825 0.200 0.150 0.160 Rendered (CGA)
Collection of Payment for services
C03825 0.150 0.150 0.160 Rendered (AGPR)
Collection of Payment for Service
C03825 Rendered,Helicopter Charges (Cabinet 1.000 1.000 1.000
Division)
C03829 Fees, Fines & Forfeitures (PAEC) 0.550 1.000 1.000
C03829 Fees, Fines & Misc Receipts (CGA) 0.500 - -
Other Receipts Fees, Fines and
C03829 Forfeitures (M/o Religious Affairs & I.H) 12.000 4.830 12.000
Other Receipts Fees, Fines and
C03829 - 0.017 - Forfeitures (AGP)
C03835 Arms License Fee (D.C ICT) 110.000 110.000 125.000
Airport Entry/ Tender Fees, Fines (ASF)
C03841 3.800 3.585 3.850 Aviation Div.
C03841 Tender Fees / Misc Receipts (CGA) 0.500 0.030 0.030
Sale Proceed of Darbar, Toshakhana
C03843 10.000 10.000 10.000 (Cabinet Division)
C03849 Contractor Penalty (ASF) (MOD) 0.100 0.050 0.050Page 45
contd….
(Rs. In Million)
Object Description 2024-25 2024-25 2025-26
Code Budget Revised Budget
Recovery of National Accountability
C03850 20.000 2,650.000 50.000 Bureau(NAB)
C03853 Sale of Publications (PPARC) 0.150 0.600 0.500
EIA Review Fee(Pak. Environmental
C03855 2.100 1.000 2.100 Protection Agency)
C03870 Others (PAEC) 45.000 45.000 47.000
Others-Sales of Jinnah Papers ,Quaid-e-
C03870 0.100 0.100 0.100 Azam Papers Wing (Heritage Division)
Others-National Language Promotion
C03870 1.850 1.850 1.900 Deptt (Heritage Division)
Others-Sale of Books (Jinnah Papers-
C03870 0.300 0.200 0.300 QAA), (Heritage Division)
C03870 Other Receipts of M/o Foreign Affairs 550.000 550.000 580.000
C03870 Others (CGA) 0.100 11.800 4.105
Miscellaneous Receipts of attached
C03870 73,055.000 41,000.000 84,000.000 Departments
C03870 Others-GSP2 (M/o Petroleum Division) 5.000 4.000 4.500
C03870 Others (AGPR) 0.080 0.075 0.080
C03870 Others (AGP) 1.140 0.511 0.540
Others-Hostel Room Rent
C03870 0.730 0.800 1.000 (M/o FE&PT)
Income from Swing Pool, Ground Hall
C03870 and Membership Fee, (Hostel & Others) 81.000 80.000 95.000
IPC Div.
C03870 Others (NAB) - 1.911 -
Receipts of Special Communications
C03893 Organization 6,000.000 6,000.000 6,500.000
C03895 Film Censorship Fee (MoI&B) 10.000 8.000 10.000
C038 Total Other Receipts 100,516.436 84,801.741 109,008.568Page 46
4.6.5 Receipts from Oil and Gas Sector
4.6.5.1 The receipts from Oil and Gas sector are realized on account of Levies, Development Surcharges
and Royality on Oil and Gas. Brief introduction of these receipts are given as under and related
statistics are given Table 39:
4.6.5.2 Petroleum Levy
4.6.5.2.1 Petroleum Products (Petroleum Levy) Ordinance, 1961 amended from time to time, provides
imposition of Petroleum Levy. Ex-refinery/import price of oil is added with Inland Freight
Equalization Margin (IFEM), Oil Marketing Companies (OMCs) distribution margin and dealer's
commission as fixed by Government of Pakistan in Rs/per liter. On this accumulated price of oil,
Petroleum Levy is fixed by Government of Pakistan in Rs. per liter from time to time.
4.6.5.3 Natural Gas Development Surcharge
4.6.5.3.1 As per Natural Gas Development Surcharge Ordinance,1967, every company as mentioned in the
Schedule shall collect and pay to the Federal Government a development surcharge equal to the
differential margin i.e the amount by which the fixed sale price exceeds the prescribed price, in
respect of natural gas sold by it.
4.6.5.4 Royalty on Oil and Gas
4.6.5.4.1 According to Article 161(1)(a) of the Constitution of Islamic Republic of Pakistan, the royalty
collected by the Federal Government shall not form part of the Federal Consolidated Fund and shall
be paid to the provinces in which the well-head of natural gas is situated. As per clause 5 of 7th
National Finance Commission Award notified vide President's Order No.5 of 2010, each of the
provinces shall be paid in each financial year as a share in the net proceeds of the total royalties on
crude oil an amount which bears to the total net proceeds in the same proportion as the production
of crude oil in the province in that year bears to the total production of crude oil.
4.6.5.4.2 Petroleum Exploration & Production Policy 2012 approved by Ministry of Petroleum & Natural
Resources Government of Pakistan imposes Royalty on exploration and production of oil and gas.
Clause 4.1 of Section II of the said policy provides that royalty will be payable at the rate of 12.5%
of the value of petroleum at the field gate. The royalty will be paid by the Federal Government to
Provinces to the extent of their share of liquid and gaseous hydrocarbons (such as LPG, NGL,
Solvent oil, gasoline and others) as well as all substances including sulphur, produced in
association with such hydrocarbon. The lease rent paid during the year shall not be deductible from
the royalty payment. A 10% of the royalty will be utilized in the district where oil and gas is produced
for infrastructure development.
4.6.5.5 Discount on Local Crude Oil
4.6.5.5.1 Crude Oil and Natural Gas is explored/extracted by the Exploration and Production (E&P)
Companies working under "Petroleum Concession Agreement (PCA)". E&P companies sell the
crude oil to refineries at the rate prevailing in the international market based on the formula as per
PCA. Under various agreements, E&P companies agree to sell the crude oil to refineries at different
discounted rate on attainment of certain milestones as per PCA. The amount of discount is retained
by the refineries while making payment of crude oil to E&P companies and deposited in
Government head of account.Page 47
4.6.5.6 Windfall Levy on Crude Oil & Natural Gas
4.6.5.6.1 As per Petroleum Exploration & Production Policy 2012, Windfall Levy (WLO) will be applicable on
crude oil and condensate using the formula i.e WLO = 0.4 x (M-R) x (P-B) Where: WLO =
Windfall Levy on crude oil and condensate; M = Net production (petroleum produced & saved); R =
Royalty; P = Market Price of crude oil and condensate; and B = Base Price. All the benefit of
windfall levy may be equally divided between the Federal Government and Provincial Government
concerned.
4.6.5.7 Gas Infrastructure Development Cess (GIDC)
4.6.5.7.1 Gas Infrastructure Development Cess Act 2015 provides legal framework to levy and collect the
Cess from gas consumers other than the domestic sector consumers at the rates as provided in the
Second Schedule to this Act. The gas company shall be responsible for billing of cess to gas
consumers, its collection and its onward payment to Federal Government in the manner as
prescribed by the Federal Government. As per Section 4 of the Act, the cess shall be utilized by the
Federal Government for or in connection with infrastructure development of Iran Pakistan Pipeline
Project, Turkmenistan-Afghanistan-Pakistan-India (TAPI) Pipeline Project, and LNG or other
ancillary projects.
4.6.5.7.2 The major billing companies are: (1) Sui Northern Gas Pipelines Limited, (2) Sui Southern Gas
Company Limited, (3) Mari Petroleum Company Limited (formerly Mari Gas Company Limited),(4)
Pakistan Petroleum Limited, (5) Tullow Pakistan Development Limited, (6) Oil and Gas
Development Company Limited. Rates of Cess (Rs./MMBTU) are Rs. 300 for Fertilizer Feed, Rs.
200 for Captive Power, Rs. 100 for Industry, Rs. 100 for KESC/GENCO, Rs. 100 for IPPs, Rs.263
for CNG Region-I and Rs. 200 for CNG Region-1
TABLE 39
Receipts from Oil and Gas Sector
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description
Code Budget Revised Budget
Receipts from Oil and Gas Sector
C03901 Petroleum Development Levy 1,281,000.000 1,161,000.000 1,468,395.000
C03902 Natural Gas Development Surcharge 25,618.000 48,000.000 49,437.000
C03905 Royalty on Oil 58,654.000 64,000.000 69,000.000
C03906 Royalty on Gas 103,751.000 135,000.000 138,000.000
C03910 Discount Retained on Local Crude Price 25,000.000 25,000.000 30,000.000
C03915 Windfall Levy against Crude Oil 28,000.000 27,000.000 20,000.000
C03916 Gas Infrastructure Development Cess 2,500.000 1,000.000 2,400.000
C03917 Petroleum Levy on LPG 3,537.000 3,156.000 5,000.000
C03919 Windfall Levy on Gas 400.000 450.000 450.000
C03920 Off the Grid (Captive Power Plants) Levy - 105,000.000
C039 Total Receipts from Oil and Gas Sector 1,528,460.000 1,464,606.000 1,887,682.000Page 48
Chapter 5: ROVINCIAL SHARE IN REVENUE RECEIPTS
5.1 The provincial share of revenues from the divisible pool taxes, straight transfers etc. is
governed in accordance with the provisions of 7th National Finance Commission Award
notified vide President's Order No.5 of 2010 issued on 10th May, 2010, which is
reproduced as under:
PRESIDENT'S ORDER NO.5 OF 2010
AN
ORDER
to provide for distribution of revenues and certain grants
WHEREAS in pursuance of clause (1) of Article 160 of the Constitution of the Islamic Republic of
Pakistan (hereinafter referred to as the Constitution), the President, by the Finance Division's Notification
No.S.R.O. 739(I)/2005 dated 21st July, 2005, as modified by the said Division's Notification
No.S.R.O.693(I)/2009, dated 24th July, 2009, appointed a National Finance Commission to make
recommendations, among other matters, as to the distribution between the Federation and the Provinces of
the net proceeds of certain taxes;
AND WHEREAS the said Commission has also submitted its recommendations with regard to the
said distribution;
NOW, THEREFORE, in pursuance of clauses (4) and (7) of Article 160 of the Constitution, the
President is pleased to make the following Order:-
1. Short title and commencement: (1) This Order may be called the Distribution of Revenues and
Grant-in-Aid Order, 2010.(2) It shall come into force on the first day of July, 2010.
2. Definitions: In this Order, unless there is anything repugnant in the subject or context.---
(a) "Net Proceeds" means, in relation to any tax, duty or levy, the proceeds thereof
reduced by the cost of collection as ascertained and certified by the Auditor
General of Pakistan, and
(b) "taxes on income" includes corporation tax but does not include taxes on
income consisting of remuneration paid out of the Federal Consolidated Fund.
3. Distribution of Revenues.
(1) The divisible pool taxes in each year shall consist of the following taxes levied and
collected by the Federal Government in that year, namely:-
(a) taxes on income;
(b) wealth tax;
(c) capital value tax;
(d) taxes on sales & purchases of goods imported, exported, produced,
manufactured or consumed;
(e) export duties on cotton;
(f) customs duties;
(g) federal excise duties excluding the excise duty on gas charged at well-head; and
(h) fany other tax which may be levied by the Federal Government.Page 49
(2) One percent of the net proceeds of divisible taxes shall be assignedto Government of the
Khyber Pakhtunkhwa to meet the expenses on War on Terror.
(3) After deducting the amount as prescribed in clause (2), of the balance amount of the net
proceeds of divisible pool taxes, fifty six percent shall be assigned to the provinces during the financial year
2010-11 and fifty seven and a half percent from the financial year 2011-12 onwards. The share of the Federal
Government in the net proceeds of the divisible pool shall be forty-four percent during the financial year 2010-
11 and forty -two and half percent from the financial year 2011-12 onwards.
4. Allocation of shares to the Provincial Governments. (1) The Province -wise ratios given in
(a) Population 82.00%
(b) Poverty or backwardness 10.30%
(c) Revenue collection or generation 5.00%
(d) Inverse population density 2.70%
(2) The sum assign to the Provincial Governments under Article 3 shall be distributed
amongest the Provinces on the basis of the percentage specified against each:-
(a) Balochistan 9.09%
(b) Khyber Pakhtunkhwa 14.62%
(c) Punjab 51.74%
(d) Sindh 24.55%
Total: 100.00%
(3) The Federal Government shall guarantee that Balochistan Province shall receive the projected
sum of eighty-three billion rupees from the provincial share in the net proceeds of divisible pool taxes in the
first year of the Award. Any shortfall in this amount shall be made up by the Federal Government from its own
resources. This arrangement for Balochistan shall remain protected throughout the remaining four years of the
Award based on annual budgetary projections.
5. Payment of net proceeds of royalty on crude oil : Each of the Provinces shall be paid in
each financial year as a share in the net proceeds of the total royalties on crude oil an amount which bears to
the total net proceeds the same proportion as the production of crude oil in the Province in that year bears to
the total production of crude oil.
6. Payment of net proceeds of development surcharge on natural gas to the provinces :
(1) Each of the Provinces shall be paid in each financial year as a share in net proceeds to be worked out
based on average rate per MMBTU of the respective province. The average rate per MMBTU shall be derived
by notionally clubbing both the royalty on Natural Gas and Development Surcharge on Gas. Royalty on
natural gas shall be distributed in accordance with clause (1) of Article 161 of the Constitution whereas the
development surcharge on natural gas would be disrtributed by making adjustments based on this average
rate.
(2) The development surcharge on natural gas for Balochistan with effect from Ist July, 2002
shall be reworked out hypothetically on the basis of formula given in clause (1) and the amount, subject to
maximum of ten billion rupees, shall be paid in five equal installments by the Federal Government as grants to
be charged on the Federal Consolidated Fund.
7. Grants-in-Aid to the Provinces: There shall be charged upon the Federal Consolidated
Fund each year, as grants-in-aid of the revenues of the province of Sindh an amount equivalent to 0.66% of
the provincial share in the net proceeds of divisible pool as a compensation for the losses on account of
abolition of octroi and zila tax.Page 50
8. Sales Tax on services: NFC recognizes that sales tax on services is a Provincial subject
under the Constitution of the Islamic Republic of Pakistan, and may be collected by respective Provinces, if
they so desired.
9. Miscellaneous: (1) NFC also recommended increase in the rate of excise duty on natural
gas to Rs. 10.0 per MMBTU. Federal Government may initiate necessary legislation accordingly.
(2) The NFC recommended that the Federal Government and Provincial Governments should
streamline their tax collection systems to reduce leakages and increase their revenues through efforts to
improve taxation in order to achieve a 15% tax to GDP ratio by the terminal year i.e. 2014-15. Provinces would
initiate steps to effectively tax the agriculture and real estate sector. Federal Government and Provincial
Governments may take necessary administrative and legislative steps accordingly.
(3) Federal Government and Provincial Governments would develop and enforce mechanism
for maintaining fiscal discipline at the Federal and Provincial levels through legislative and administrative
measures.
(4) The Federal Government may assist the Provinces through specific grants in times of
unforeseen calamities.
(5) The meetings of the NFC may be convened regularly on a quarterly basis to monitor
implementation of the award in letter and spirit.
10. Repeal.- The Distribution of Revenues and Grant-in-Aid Order, 1997 (P.O.No.1 of 1997),
and the Distribution of Revenues and Grants-in-Aid, Order, 2010. (P.O. 4 of 2010) are hereby repealed.
ASIF ALI ZARDARI
PresidentPage 51
5.2 Distribution of Revenues and Grants-in-Aid Order, 2010 (President's Order No. 5 of
2010) was slightly amended through President's Order No.6 of 2015, which is reproduced
as under;
PRESIDENT'S ORDER NO.6 OF 2015
AN
ORDER
To amend Distribution of Revenues and Grants-in-Aid Order, 2010 (President's Order No.5 of 2010)
Whereas it is expedient to amend the Distribution of Revenues and Grants-in-Aid Order, 2010 (P.O.
No. 5 of 2010) for the purpose hereinafter appearing.
Now therefore in pursuance of clause (6) read with clause (7) of Article 16 of the Constitution of the
Islamic Republic of Pakistan, the President is pleased to make the following Order:-
1. Short title and commencement: (1)This Order may be called the Distribution of Revenues
and Grants-in-Aid (Amendment) Order 2015.
(2) It shall come into force on the first day of July 2015.
(3) It will remain in force till further orders.
2. Substitution of Article-4(3) P.O No.5 of 2010: In the Distribution of Revenues and Grants-in-
Aid Order, 2010 (P.O. No. 5 of 2010) for Article 4(3) the following shall be substituted;
3. The Federal Government shall guarantee that Balochistan Province shall receive the
MAMNOON HUSSAIN
PresidentPage 52
5.3 The following table shows the estimated transfers to the provincial governments on account of their
share in Federal Taxes and by straight transfers during FY2024-25 and FY2025-26:
TABLE 40
Provincial Share in Revenue Receipts
2024-25 (Budget)
(Rs. In Million)
Object Khyber Description Balochistan Punjab Sindh Total Code Pakhtunkhwa
(A) Divisible Taxes 647,006.766 1,165,658.312 3,682,742.587 1,747,416.515 7,242,824.180
B01108 Taxes on Income 272,992.995 491,828.79 1,553,867.721 737,291.313 3,055,980.818
B01809 Capital Value Tax 802.323 1,445.479 4,566.800 2,166.890 8,981.492
B02303 Sales Tax excl. GST onB02382 248,905.832 448,432.949 1,416,764.330 672,237.423 2,786,340.534 servicesB02383
B02408 Federal Excise (Net of 47,961.427 86,408.115 272,994.962 129,532.786 536,897.290B02503 Gas)
B02170 Customs Duties 76,344.189 137,542.980 434,548.774 206,188.103 854,624.046
(B) Straight Transfers 20,550.600 55,877.151 12,333.098 106,414.971 195,175.820
Gas DevelopmentC03902 - 6,147.051 963.138 17,389.811 24,500.000 Surcharge
Royalty on NaturalC03906 18,376.960 19,980.240 2,095.240 61,223.540 101,675.980 Gas
C03905 Royalty on Crude Oil 201.880 27,613.460 8,914.080 20,751.500 57,480.920
Excise Duty on NaturalB03044 1,971.760 2,136.400 360.640 7,050.120 11,518.920 Gas
Total (A+B) 667,557.366 1,221,535.463 3,695,075.685 1,853,831.486 7,438,000.000Page 53
TABLE 41
Provincial Share in Revenue Receipts
2024-25 (Revised)
(Rs. In Million)
Object Khyber Description Balochistan Punjab Sindh Total Code Pakhtunkhwa
(A) Divisible Taxes 647,006.766 1,082,688.793 3,420,611.414 1,623,038.465 6,773,345.438
B01108 Taxes on Income 272,992.995 525,263.67 1,659,500.776 787,412.911 3,245,170.348
B01809 Capital Value Tax 802.323 1,339.343 4,231.476 2,007.784 8,380.926
B02303 Sales Tax excl. GST onB02382 248,905.832 366,514.105 1,157,952.627 549,434.422 2,322,806.986 servicesB02383
B02408 Federal Excise (Net of 47,961.427 70,580.019 222,988.195 105,805.183 447,334.824B02503 Gas)
B02170 Customs Duties 76,344.189 118,991.660 375,938.340 178,378.165 749,652.354
(B) Straight Transfers 26,016.060 52,973.383 15,180.714 129,435.460 223,605.617
Gas Development
C03902 2,352.000 - 2,548.000 36,260.000 41,160.000 Surcharge
Royalty on NaturalC03906 21,489.440 25,866.583 2,976.774 66,203.900 116,536.697 Gas
C03905 Royalty on Crude Oil 637.000 25,544.680 9,383.500 21,274.820 56,840.000
Excise Duty on Natural
B03044 1,537.620 1,562.120 272.440 5,696.740 9,068.920 Gas
Total (A+B) 673,022.826 1,135,662.176 3,435,792.128 1,752,473.925 6,996,951.055
TABLE 42
Provincial Share in Revenue Receipts
2025-26 (Budget)
(Rs. In Million)
Object Khyber Description Balochistan Punjab Sindh TotalCode Pakhtunkhwa
(A) Divisible Taxes 713,621.874 1,285,673.211 4,061,913.724 1,927,328.603 7,988,537.412
B01108 Taxes on Income 345,397.646 622,274.23 1,965,992.759 932,839.626 3,866,504.258
B01809 Capital Value Tax 880.701 1,586.686 5,012.923 2,378.571 9,858.881
B02303 Sales Tax excl. GST on
B02382 242,699.328 437,251.205 1,381,437.100 655,475.083 2,716,862.716 services
B02383
B02408 Federal Excise (Net of 44,945.978 80,975.433 255,831.124 121,388.753 503,141.288B02503 Gas)
B02170 Customs Duties 79,698.221 143,585.660 453,639.818 215,246.570 892,170.269
(B) Straight Transfers 29,543.974 57,114.649 14,094.018 116,432.998 217,185.639
Gas Development
C03902 5,653.534 7,358.089 1,810.698 22,417.678 37,239.999 Surcharge
Royalty on NaturalC03906 21,489.440 22,419.460 2,587.200 66,203.900 112,700.000 Gas
C03905 Royalty on Crude Oil 637.000 25,544.680 9,383.500 21,274.820 56,840.000
Excise Duty on Natural
B03044 1,764.000 1,792.420 312.620 6,536.600 10,405.640 Gas
Total (A+B) 743,165.848 1,342,787.860 4,076,007.742 2,043,761.601 8,205,723.051Page 54
Chapter 6: CAPITAL RECEIPTS
6.1 Capital receipts comprise of Recoveries of Loans and Advances from Provinces and other entities
and Public Debt which includes Permanent Debt and Floating Debt. External finances and un-
funded debt (primarily made up of the various instruments available under the National Savings
Schemes) also fall under the category of Capital Receipts, however, they are covered under
separate chapters of this publication.
6.2 The following table indicates the position of capital receipts for 2024-25 (Budget and Revised) and
2025-26(Budget).
TABLE 43
Capital Receipts
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Capital Receipts
(I) Recoveries of Loans and Advances 491,999.000 572,597.000 603,000.000
E021 Provinces 479,999.000 479,999.000 584,000.000
E022-27 PSEs and Others 12,000.000 92,598.000 19,000.000
(II) Public Debt (Net) 2,542,380.457 326,044.562 2,663,923.647
(A) Domestic Debt (Net) 2,542,443.457 326,074.862 2,663,956.647
E031 Permanent Debt (Net) 2,540,267.526 1,447,354.777 1,254,395.061
E032 Floating Debt (Net) 2,175.931 (1,121,279.915) 1,409,561.586
E033 (B) Foreign Currency Debt (63.000) (30.300) (33.000)
Total Capital Receipts (I+II) 3,034,379.457 898,641.562 3,266,923.647
6.3 Recovery of Loans and Advances
6.3.1 The recovery of principal amount of loans and advances from provinces, public sector enterprises,
financial and non-financial institutions is reflected in this section.
6.3.2 The estimates of recoveries of loans and advances are given below:Page 55
TABLE 44
Recovery of Loans and Advances
(Provinces)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
E021 Province-Wise Break-up
Punjab 113,340.304 110,462.929 116,376.253
E02102 Cash Loans 374.066 374.066 291.310
E02106 Foreign Loans 112,966.238 110,088.863 116,084.943
Sindh 40,856.947 41,287.070 43,975.891
E02101 Cash Loans 1,485.553 1,485.553 1,505.677
E02105 Foreign Loans 39,371.394 39,801.517 42,470.214
Khyber Pakhtunkhwa 30,587.819 30,705.898 33,607.125
E02104 Cash Loans - - -
E0218 Foreign Loans 30,587.819 30,705.898 33,607.125
Balochistan 8,652.074 8,745.976 9,522.864
E02103 Cash Loans 81.727 81.727 56.643
E02107 Foreign Loans 8,570.347 8,664.249 9,466.221
E021 Total (Recovery of Loans) 193,437.144 191,201.873 203,482.133
Loan-wise Break-up
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Cash Loans 1,941.346 1,941.346 1,853.630
E02102 Punjab 374.066 374.066 291.310
E02101 Sindh 1,485.553 1,485.553 1,505.677
E02104 Khyber Pakhtoonkhwa - - -
E02103 Balochistan 81.727 81.727 56.643
Foreign Loans 191,495.798 189,260.527 201,628.503
E02106 Punjab 112,966.238 110,088.863 116,084.943
E02105 Sindh 39,371.394 39,801.517 42,470.214
E02108 Khyber Pakhtoonkhwa 30,587.819 30,705.898 33,607.125
E02107 Balochistan 8,570.347 8,664.249 9,466.221
E021 Total (Recovery of Loans & Advances) 193,437.144 191,201.873 203,482.133Page 56
TABLE 45
Recovery of Loans and Advances
(Local Bodies)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Local Bodies
E022 Cash Loans (A) 33,898.666 20,763.476 22,694.551
PTV 58.753 58.753 58.753
Lahore Garment City 23.105 - -
NHA 31,520.661 17,928.519 19,408.576
PIA 261.774 261.774 667.317
PBC 82.812 90.072 92.200
Capital Development Authority 149.412 159.871 171.062
Saindak Metal Ltd 677.821 677.821 770.072
State Engineering Corporation 4.714 267.983 -
Printing Corporation of Pakistan 18.101 19.300 20.577
Pakistan Steel Mills 1,087.932 1,284.857 1,490.458
Heavy Mechanical Complex 13.581 14.526 15.536
E022 Foreign Loans (B) 109,320.371 107,597.366 108,415.107
Karachi Port Trust 1,523.794 1,387.246 1,436.791
NHA 50,107.109 51,485.492 50,299.491
GIK Institute 6.433 6.377 6.596
SSGC 1.501 1.501 1.501
SKMT 17.976 17.820 18.432
NEPRA 1.501 1.501 1.501
OGRA 1.245 1.245 1.245
PAEC 57,660.812 54,696.184 56,649.550
E022 Total Local Bodies (A+B) 143,219.037 128,360.842 131,109.658
TABLE 46
Recovery of Loans and Advances
(Financial Institutions)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
E023 Financial Institutions
Foreign Loans 627.635 627.635 627.635
Pakistan Mortage Refinance Co Ltd (PMRC) 627.635 627.635 627.635
E023 Total - Financial Institutions 627.635 627.635 627.635Page 57
TABLE 47
Recovery of Loans and Advances
(Non-Financial Institutions)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
(I) Power Sector 43,355.115 48,074.597 50,136.346
E024 Cash Loans (A) 4,061.673 4,061.673 4,502.252
WAPDA (power wing) 2,664.921 2,664.921 2,934.073
WAPDA (water wing) 93.117 93.117 120.502
TESCO 20.867 20.867 6.559
QESCO 94.732 94.732 118.109
MEPCO 25.795 25.795 29.135
GENCO-I - - -
GENCO-II 275.178 275.178 311.463
GENCO-III 124.297 124.297 136.901
GENCO-IV - - -
CPPA 40.100 40.100 40.100
NJHP 677.706 677.706 757.070
NTDC 44.960 44.960 48.340
E024 Foreign Loans (B) 39,293.442 44,012.924 45,634.094
WAPDA (power wing) 10,164.494 12,751.318 11,885.431
Jamshoro Power Company Ltd (JPCL) 7,213.259 6,927.870 7,176.993
LESCO 252.187 252.187 253.559
HESCO 302.807 302.807 302.807
PESCO 309.251 306.820 331.942
QESCO 514.762 514.762 514.762
GEPCO 466.895 466.895 466.895
IESCO 335.922 335.385 752.778
FESCO 256.717 256.717 256.717
MEPCO 426.286 426.286 426.286
NTDC 5,989.787 8,410.802 10,204.849
NJHP 13,035.379 13,035.379 13,035.379
PEPCO 25.696 25.696 25.696
(II) Autonomous Bodies/Corporations 4,844.020 4,838.248 4,828.761
E024 Foreign Loans 4,844.020 4,838.248 4,828.761
Pakistan Railways 841.994 836.222 840.070
Karachi Fish Harbour Authority (KFHA) 13.335 13.335 -
PPAF 1,190.621 1,190.621 1,190.621
TEVTA 31.856 31.856 31.856
SUPARCO 2,510.210 2,510.210 2,510.210
SCO 256.004 256.004 256.004
E024 Total Non-Financial Institutions (A+B) 48,199.135 52,912.845 54,965.107Page 58
TABLE 48
Recovery of Loans and Advances
(From Government Servants)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
E025 Government Servants
Cantt/Garrison Educational Institutions 96.478 - -
Office of the AGPR, Islamabad 6,458.610 - -
AGPR sub-office, Lahore 1,983.031 2,230.810 2,543.124
AGPR sub-office, Karachi 1,542.965 1,286.951 1,415.646
AGPR sub-office,Peshawr 6,794.856 696.748 766.423
AGPR sub-office, Quetta 326.105 307.215 322.573
AGPR sub-office, Gilgit 329.894 493.232 591.878
Defence 1,080.250 - -
Military Accoumtant General,Rawalpindi 56.128 106.731 106.731
Pakistan Post Office Deptt 347.936 313.142 344.457
Housing & Works Division 125.405 - -
Pakistan Mint 24.050 19.991 17.250
CAO (Ministry of Foreign Affairs) 233.794 141.313 155.442
Central Dte of National Savings 155.987 183.392 189.292
Geological Survey of Pakistan - - -
Special Communication Organization 13.867 13.683 15.052
National Tariff Commission 18.265 21.704 25.611
NDMA - - -
E025 Total Government Servants 19,587.621 5,814.912 6,493.479
TABLE 49
Recovery of Loans and Advances (Others)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
E027 Others
Recovery of Cash Loans (Others) 21,900.569 21,827.782 10,696.345
Ways & Means Advances to Provinces, 21,000.000 20,960.000 10,000.000 AJK/Special Areas
Cash Loans- Govt of AJK 900.569 867.782 696.345
Cash Loans - PNRA - - -
Recovery of Foreign Loans (Others) 4,790.684 4,998.462 5,763.541
Foreign Loans-Govt of AJK 4,782.960 4,985.052 5,162.539
Foreign Loans-Govt of Gilgit-Baltistan 7.724 13.410 601.002
E027 Total - Others 26,691.253 26,826.244 16,459.886Page 59
TABLE 50
Summary of Recovery of Loans and Advances
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Total Recovery Cash Loans (PSEs) 79,448.529 52,467.843 44,386.627
Total Recovery Foreign Loans (PSEs ) 158,876.152 162,074.635 165,269.138
Total Recovery of Loan & AdvancesE021 193,437.144 191,201.873 203,482.133 (Provinces)
Recovery from Arrears Stock 286,561.856 288,797.127 380,517.867
Net Recovery of Loan & Advances 479,999.000 479,999.000 584,000.000 (Provinces)
E022 Total Local Bodies 143,219.037 128,360.842 131,109.658
E023 Total Financial Institutions 627.635 627.635 627.635
E024 Total Non-Financial Institutions 48,199.135 52,912.845 54,965.107
E025 Total Government Servants 19,587.621 5,814.912 6,493.479
E027 Total - Others 26,691.253 26,826.244 16,459.886
Total Recovery of Loan & Advances (PSEs 238,324.681 214,542.478 209,655.765 & Others )
Estimated Shortfall 226,324.681 121,944.478 190,655.765
Net Recovery of Loan & Advances (PSEs 12,000.000 92,598.000 19,000.000 & Others)
Grand Total - Recovery of Loans 491,999.000 572,597.000 603,000.000
6.4 Public Debt
6.4.1 Public Debt of the Federal Government is classified into two categories:
(i) Domestic Debt, which includes Permanent Debt,Floating Debt and Unfunded Debt:and
(ii) Foreign Currency Debt, which includes long, medium and short term debt.
TABLE 51
Public Debt (Net)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Public Debt (Net)
Domestic Debt (Net) 2,542,443.457 326,074.862 2,663,956.647
E031 Permanent Debt (Net) 2,540,267.526 1,447,354.777 1,254,395.061
E032 Floating Debt (Net) 2,175.931 (1,121,279.915) 1,409,561.586
E033 Foreign Currency Debt (63.000) (30.300) (33.000)
Total Public Debt (Net) 2,542,380.457 326,044.562 2,663,923.647Page 60
6.4.2 Domestic Debt (Permanent)
6.4.2.1 The main features of securities through which domestic debt (permanent) is raised are given below:
6.4.2.2 Pakistan Investment Bonds
This security having maturity period of 2, 3, 5, 7, 10, 15, 20 and 30 years is in operation since 2000.
Against the budgeted receipt of Rs. 204,686 million for the year 2024-25, the revised estimates for
the year 2024-25 have been worked out at Rs. 314,830 million whereas the budget estimates for
the year 2025-26 are estimated at Rs. 147,395 million.
6.4.2.3 Government Ijara Sukuk Bonds
The Government of Pakistan Ijara Sukuk Bonds are issued through Pakistan Domestic Sukuk
Company Limited. The Sukuk are not redeemable before maturity. The profit on the Sukuk is
payable bi-annually on rental rate to be announced by State Bank of Pakistan. Against the budget
estimates of Rs. 2,313,469 million for the year 2024-25, the revised estimates have been projected
at Rs. 1,127,245 million. The budget estimates for the year 2025-26 are estimated at Rs. 1,100,000
million.
6.4.2.4 The net receipts from domestic debt (permanent) during the year 2024-2025 (Budget & Revised)
and 2025-2026 (Budget) are estimated as under:-
TABLE 52
Domestic Debt (Permanent)-Net
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
E031 Domestic Debt (Permanent)
Pakistan Investment Bonds (Non-Bank) 204,686.476 314,829.547 147,395.061
Government Ijara Sukuk Bonds 2,313,469.100 1,127,244.696 1,100,000.000
Premium Prize Bond (Registered) 25,000.000 6,000.000 10,000.000
Pakistan Banao Certificate (3 Years) - - -
Pakistan Banao Certificate (5 Years) (2,888.050) (2,875.906) (3,000.000)
FADRA - - -
ICBC (Foreign Currency Denominated - 2,156.440 - Domestic Loan)
E031 Total Domestic Debt (Permanent) 2,540,267.526 1,447,354.777 1,254,395.061Page 61
6.4.3 Foreign Currency Debt
6.4.3.1 It includes the following securities:
6.4.3.2 Foreign Exchange Bearer Certificates (FEBCs)
Budget estimates in case of repayment of Foreign Exchange Bearer Certificates for financial year
2024-25 were estimated at Rs. 5.000 million. Revised estimates for the year 2024-25 are projected
at Rs. 0.100 million whereas budget estimates for financial year 2025-26 have been kept at Rs.
1.000 million.
6.4.3.2 Foreign Currency Bearer Certificates (FCBCs)
Repayment on account of Foreign Currency Bearer Certificates in the budget estimates for the year
2024-25 was estimated at Rs. 5.000 million. Revised estimates for the year 2024-25 and budget
estimates for the year 2025-26 on account of repayment have been kept at Rs.0.100 million and
Rs.1.000 million respectively. These certificates are in US$ and Pound Sterling. Profit is payable
half yearly at floating rates which is not liable to income tax. Investment in these certificates is
exempt from Wealth Tax and compulsory deduction of Zakat.
6.4.3.3 US Dollar Bearer Certificates (DBCs)
This security was introduced in 1991 and discontinued on 17th November, 1994. Against the
repayment of Rs. 3.000 million in the budget estimate 2024-25, revised estimates in 2024-25 and
budget estimates for the year 2025-26 have been kept at Rs. 0.100 million and Rs.1.000 million
respectively.
6.4.3.4 Special US Dollar Bonds
These bonds were issued under Special US Dollar Bonds Rules, 1998 to the Foreign Currency
Accounts holders or Foreign Currency Certificates holders with scheduled banks or non-bank
financial institutions out of their foreign currency deposits. Against the repayment of Rs. 50.000
million provided in budget estimates 2024-25, the repayment on account of these bonds in revised
estimates 2024-25 has been estimated at Rs.30.000 million and the repayment of budget
estimates for the year 2025-26 are estimated at Rs.30.000 million. The estimates of foreign
currency debt (permanent) are tabulated below:-
TABLE 53
Foreign Currency Debt(Permanent)- Net
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Foreign Currency Debt (Permanent)
Foreign Exchange Bearer Certificates (5.0) (0.1) (1.0) (FEBCs)
Foreign Currency Bearer Certificates (5.0) (0.1) (1.0) (FCBCs)
US Dollar Bearer Certificates (DBCs) (3.0) (0.1) (1.0)
Special US Dollar Bonds (50.0) (30.0) (30.0)
Total Foreign Currency Debt E033 (63.0) (30.3) (33.0) (Permanent)Page 62
6.4.4 Floating Debt
6.4.4.1 The term "Floating Debt" is applied to borrowing of purely temporary nature with currency of not
more than twelve monts.Market Related Treasury Bills,National prize Bonds and Bai-Maujjal Ijara
Sukuks are included in this category.
6.4.4.2 Market Related Treasury Bills (Auction)
These reflect non-bank borrowing of the Federal Government.
6.4.4.3 National Prize Bonds:
These are of bearer type non-terminable securities freely en-cashable and transferable by delivery.
These are issued in denomination of Rs.100/-, Rs.200/-, Rs.750/-, Rs.1,500/-, Rs.7,500/-,
Rs.15,000/-, Rs.25,000/- and Rs.40,000/-. Recently Prize Bonds amounting to Rs.7,500/-
,Rs.15,000/-,Rs.25,000/- and Rs.40,000/- have been converted from Bearer into Registered Pize
Bonds and data for conversion has been extended by Finance Division with consultation of State
Bank of Pakistan. The budget net figure (receipts minus repayments) for the year 2024-25 was kept
at Rs.2,176 million, the revised estimates for the year 2024-25 are kept at Rs. 11,469 million and
budget estimates for the year 2025-26 are estimated at Rs.12,562 million.
6.4.4.4 Government Bai-Muajjal Ijara Sukuk
Government Bai-Muajjal Ijara Sukuk are issued through auction for a maturity period of one year
from date of issue. Bai-Muajjal Ijara Sukuk shall be repaid only on maturity. The profit earned on Bai-
Muajjal Ijara Sukuk shall be liable to income tax. Withholding tax shall be deducted at source at the
applicable rate. The estimates of receipts for floating debt during the year 2024-25 (Revised) and
2025-26 (Budget) are as under:-
TABLE 54
Floating Debt (NET)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description
Code Budget Revised Budget
Floating Debt
Market Treasury Bills through Auction A. (Non-Bank)
Receipts 12,511,000.000 13,868,417.874 8,430,000.000
Repayments 12,511,000.000 15,089,600.000 7,930,000.000
A. Market Treasury Bills (Net) - (1,221,182.126) 500,000.000
B. National Prize Bond (Net) 2,175.931 11,468.821 12,561.586
C. Govt Bai-Muajjal Ijara Sukuk - 88,433.390 897,000.000
E032 Total Floating Debt (A+B+C) 2,175.931 (1,121,279.915) 1,409,561.586Page 63
Chapter 7: PUBLIC ACCOUNT RECEIPTS
7.1 Article 78(1) of the Constitution of Islamic Republic of Pakistan provides that all revenues received
by the Federal Government, all loans raised by that Government and all moneys received by it in
repayment of loan, shall form part of the Federal Consolidated Fund. Article 78(2) provides that all
other monies received by or on behalf of the Federal Government shall be credited into the Public
Account of the Federation. Therefore, all the monies received by or on behalf of the Federal
Government in terms of Article 78(2) are Public Account receipts which are not revenues in terms of
Article 78(1) of the Constitution. However, such Public Account receipts cannot be operated without
establishment of Special Purpose Funds, deposits, reserves etc under the authority of an Act of the
Parliament or with the approval of the Federal Government. Moreover, as per Section 32 of the
Public Finance Management Act, 2019, Special Purpose Funds, in which monies have been
appropriated by the National Assembly shall be established under any law or with the approval of
the Federal Government.
7.2 Public Account Receipts may be categorized as Deferred Liabilities and Deposits & Reserve.The
Revised and Budget Estimates of Public Accounts Receipts (Net) are given in Tbale 55.
TABLE 55
Public Account Receipts (Net)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Public Accounts Receipts(Net)
G03 Deferred Liabilites (Net) 53,035.40 143,833.08 120,609.75
G06-12 Deposits and Reserves (Net) 67,196.705 87,069.454 89,517.104
Total Public Accounts Receipts(Net) 120,232.11 230,902.53 210,126.85
7.3 Deferred Liabilities
7.3.1 These receipts represent the net proceeds of various savings schemes launched by the
Government. Brief introduction of each saving scheme is given below.
7.3.2 Defence Savings Certificates
This is a ten years scheme. However, the investment can be encashed at any time. The rate of
return on Defence Savings Certificates has been linked with the yield of Pakistan Investment Bonds
of ten years maturity. The existing rate on this scheme is 11.90 % p.a. on maturity. Withholding tax
is deducted from the profit payment. Apart from the individuals, institutions may invest their
individuals' funds such as pension, gratuity, superannuation, contribtory provident funds and trusts
etc.in this scheme.
7.3.3 Special Savings Certificates
Special Savings Certificates (Registered/Accounts) is a three years scheme with profit payable on
six monthly basis. The rate of return on Special Savings Certificats/Accounts has been linked with
the yield of Pakistan Investment Bonds of three years maturity.The existing rate of profit in this
scheme is 10.90% per annum for first to fifth profits and 11.90 % for the last sixth profit. While
average rate is 11.07 %. Withholding tax is deducted from the profit payment. Apart from
individuals, institutions may invest their individuals' funds such as pension, gratuity,
superannuation, contribry provident funds and trusts etc.in this scheme.Page 64
7.3.4 Regular Income Certificates
This scheme was introduced on 02-02-1993 to ensure payment of income on monthly basis. The
rate of return on Regular Saving Certificates has been linked with the yield of Pakistan Investment
Bonds of five years matuarity. The existing profit on this scheme is 11.52 % per annum. The profit
in this scheme is subject to withholding tax and the investment is exempt from compulsory
deduction of zakat at source. Apart from individuals, institutions may invest their individuals' funds
such as pension, gratuity, superannuation, contributory provident funds and trusts etc.in this
scheme.Premature encashment on these certificates carry service charges as under:-
(i) If encashed before completion of one year from @ 2 % of face value the date of issue
(ii) Before two years @ 1.50 % of face value
(iii) Before three years @ 1% of face value
(iv) Before four years @ 0.5% of face value
7.3.5 Savings Accounts
This is the oldest saving scheme in operation which provides profit on non-checking accounts.Zakat
is deducted @ 2.50 % on credit balance on valuation date each year if declaration in this regard is
not filed.The existing profit on savings account is 9.50% p.a. Withholding tax is deducted from the
profit payment. Apart from individuals, institutions may invest their individuals' funds such as
pension, gratuity, superannuation, contributory provident funds and trusts etc.in this scheme.
7.3.6 Pensioners’ Benefit Accounts
This scheme has been launched with effect from 20-1-2003 to provide incentives to the retired
officials of the Federal Government, Provincial Governments, Azad Government of the State of
Jammu and Kashmir, Armed Forces, Semi Governments and Autonomous Bodies and in case of
death the pensioner’s eligible member of the family. Only one account can be opened in the
National Savings Centre with a minimum deposit of rupees ten thousand and in multiple of one
thousand with the facility of seven subsequent deposits subject to the maximum limit of five million
rupees. It is a ten years scheme and profit is payable on completion of each period of one month
reckoned from the date of opening of an account till maturity or encashment whichever is earlier.
The existing rate of profit on this scheme is 13.44 % per annum. Premature encashment before
completion of one, two, three and four years carries service charges at the rate of 1.00%, 0.75%,
0.50% and 0.25% of principal amount respectively. Profit accrued from this scheme is exempt from
compulsory deduction of withholding tax and Zakat. The scheme has been made more attractive as
any upward revision in rate of profit notified after 09.03.2009 shall also be applicable to existing
accounts holders whereas downward revision shall also be apply to fresh investment only.
7.3.7 Bahbood Savings Certificates
Initially this scheme was introduced exclusively widows to cater for their needs with monthly profit
payment facility. The scheme was further extended to the persons of age 60 years or above. The
existing rate of profit on this scheme is 13.44 % per annum. The maximum investment limit in this
scheme is five million rupees and ten million rupees for joint holders. It is only a compensatory
package to enable widows and senior citizens to supplement their income to lead a respectable life.
Service charges at the rate of 1.00%, 0.75%, 0.50% and 0.25% of the face value are deducted if
certificates are encashed before completion of one, two, three and four years respectively. Profit
accrued from this scheme is exempt from compulsory deduction of withholding tax and Zakat.The
scheme has been made more attractive as any upward revision in rate of profit notified after
09.03.2009 shall also be applicable to existing certificate holders whereas downward revision shall
apply to frash investment only.Page 65
7.3.8 Premium Prize Bonds (Registered):
Premium Prize Bonds (Registered) of Rs.40,000/- denomination have been launched. These bonds
offer biannual profit payment on completed period of six months i.e. 2.92% (biannual) as well as
prize money on quarterly draws. The bond shall be registered against the name of purchaser. The
ownership of bond is transferable from one person to another person through an application on
prescribed format.
7.3.9 Shuhada's Family Welfare Account (SFWA)
A new savings scheme, namely Shuhada Family Welfare Account (SFWA), for the welfare of
eligible family members of Shuhada (martyrs) has been launched on 11th May, 2018. The eligible
family members can open the SFWA account in any National Savings Centre across Pakistan after
fulfillment of required documentation. Preferential profit in line with the existing welfare product i.e.,
Bahbood Savings Certificate and Pensioner Benefit Account shall be paid to the investor of SFWA
on monthly basis. Current profit rate is 13.44 % . Profit shall be exempted from Withholding Tax and
compulsory deduction of Zakat.
7.3.10 The Budget estimates of Deferred Liabilites on account of National Savings Schemes (Net)are
reported in below table:-
TABLE 56
Deferred Liabilities (Net)
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description
Code Budget Revised Budget
G03 Deferred Liabilities
(A) Provident Fund (26,719.800) (21,111.240) (20,678.620)
(B) Saving/Deposit Acctt/Certificates 79,755.200 164,944.315 141,288.368
Saving Bank Accounts 19,265.670 (3,313.908) 8,931.249
Khas Deposit Accounts (5.000) (5.000) (5.000)
Mahana Amdani Accounts (100.000) (110.000) (100.000)
Pensioners' Benefit Accounts 25,826.808 43,261.108 30,174.304
Defence Saving Certificates (30,673.795) (4,618.122) (16,809.744)
Bahbood Savings Certificates 24,426.695 86,763.444 74,912.568
National Deposit Certificates (1.000) (1.000) (1.000)
Khas Deposit Certificates (0.700) (0.700) (0.700)
Special Savings Certificates (Registered) (15,676.631) 9,867.786 5,018.836
Special Savings Accounts (3,695.996) 1,912.427 972.676 (Term Deposit)
Shuhda Welfare Account 40.000 80.000 40.000
Regular Income Certificates (79,650.851) 44,108.280 29,155.179
Short Term Savings Certificates 10,000.000 7,000.000 5,000.000
Sarwa Islamic Saving and Term 130,000.000 (20,000.000) 4,000.000 Accounts
G03 Total Deferred Liabilities (A+B) 53,035.400 143,833.075 120,609.748Page 66
7.4 Deposits and Reserves
Deposits and Reserves represent all form of monies on the part of the Public Account of the
Federation as per Article 78(2) of the Constitution of Islamic Republic of Pakistan. The estimates in
table 46 are, however, subject to fulfillment of following stipulations:
(i) The funds appropriated by the National Assembly out of Federal Consolidated Funds in terms of
Articles 80 to 84 of the Constitution for a particular financial year (being lapsable) shall not be
deposited under these deposits and reserves heads of account (being non-lapsable) under the
Public Account.
(ii) The maintenance and operation of all these funds, deposits, reserves etc shall be subject to their
due establishment either under the authority of an Act of Parliament or with the approval of the
Federal Government, as the case may be.
(iii) Revenues as per Article 78(1) of the Constitution shall not be deposited in these deposits and
reserves heads of account under the Public Account. The revenues shall be deposited in the
respective heads of account of tax revenue and non tax revenue.
(iv) Receipt and withdrawal of funds into/from these deposits and resreves heads of account shall only
be allowed by the Accounting Offices subject to compliance of the stipulations at (i) to (iii) above
and to the extent of reconciled available balance under the respective head of account.
TABLE 57
Deposits and Reserve Fund
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
FGE BENEVOLENT FUNDS 6,658.166 6,255.469 6,568.242
G06202 Civil 2,075.384 1,898.640 1,993.572
G06203 F.G.Employees Benevolent Fund (Defence 4,486.356 4,269.116 4,482.572
G06205 Pakistan Post Office Department 3.985 6.825 7.166
G06206 Housing & Works Division 61.292 50.818 53.359
G06209 National Saving 24.648 23.735 24.921
G06212 Geological Survey of Pakistan 6.501 6.335 6.652
GROUP INSURANCE FUNDS 1,769.748 1,699.924 1,784.919
G06401 Housing & Works Division 7.111 8.784 9.223
G06404 National Saving 6.158 5.941 6.238
G06407 Geological Survey of Pakistan 2.424 2.416 2.536
G06409 Civil 481.097 443.475 465.649
G06410 Defence 1,272.537 1,238.469 1,300.392
G07104 Fed. Govt. Empl. Group Insur. Fund 0.421 0.839 0.881
contd…Page 67
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description Code Budget Revised Budget
Main Department 80,230.819 25,590.625 26,870.157
Defence 6,109.095 22,185.447 23,294.720
G11224 Deposit Account with Defence 6,109.095 22,185.447 23,294.720
Pakistan Post - - -
G07101 Post Office Renewal Reserve Fund - - -
G07102 Pakistan Post Office Welfare Fund - - -
Housing & Works Division 74,121.724 3,405.178 3,575.437
Housing & Works Receipts & CollectionG10101 480.186 442.590 464.720 Account
G10113 Public Works/H&W Div Deposits 73,641.538 2,962.588 3,110.717
OTHERS 114,254.933 163,586.978 172,830.505
G06304 Workers Welfare Fund 40,000.000 62,675.339 65,809.106
G06315 Judicial Officers Welfare Fund. 3.087 2.823 2.964
G12140 PM Flood relief Fund 2010 0.025 0.040 0.042
G12150 PM Relief Fund for Thar 2014 149.566 166.209 174.519
PM COVID-19 Pandemic Relief FundG12157 1.876 - - 2020.
G12164 PM's Relief Fund,Earthquake Other Cal 188.017 - -
PM's Relief Fund for Turkiye & SyriaG12166 3.402 - - Earthquake
G12169 PM's Relief Fund for Ghaza & Labnan - 161.378 169.447
Federal Government Artists WelfareG12226 184.645 - - Fund
G12305 Export Development Fund 24,761.080 23,118.000 25,430.000
Reserve Fund for Exchange Risk onG12308 25,898.268 2,259.970 2,372.969 Foreign Loans
G12412 Pakistan Oil Seed Development Fund 157.642 179.650 188.631
G12419 Research & Development Fund 1,878.548 2,247.891 3,800.000
G12421 Diamer Basha and Mohmand Dam Fund - 58,816.429 61,757.251
G12504 Workers Children Education Fund 0.184 0.140 0.147
G12612 Fund for Urdu Science Board 2.302 0.998 1.047
G1270G Board of Investment - 405.000 400.000
G1270X National Tarrif Commission Fund - - 500.000
Trust Interest Fund (CharitableG12712 5.047 4.173 4.382 Endowment)
G12738 National Fund for Control of Drug Abuse 1.814 92.908 20.000
G12783 Universal Service Fund 5,624.996 13,103.318 11,000.000
G12803 Federal Pension Fund 10,000.000 - -
G14100 Pakistan Mint 1,620.000 352.712 1,200.000
G10104 Mint Receipt and Collection Account 3,774.434 - -
Gross Receipts 202,913.666 197,132.996 208,053.823
Less Expenditure 135,716.961 110,063.542 118,536.719
Deposits and Reserves (Net) 67,196.705 87,069.454 89,517.104Page 68
Chapter 8: PRIVATIZATION PROCEEDS
8.1 Privatization in Pakistan is an important economic reform policy tool, for generating growth and to
expunge structural inefficiencies, by removing false barriers and opening up the economy to
competition. The Privatization is part of the economic and structural reforms agenda of Government
of Pakistan that emphises to enhance the growth and productivity of Pakistan's economy through
deregulation and good governance ,while harnessing the private sector as engine of economic
growth. It takes an integrated approach towards enhancing the private sector’s role and goes
beyond the transfer of public assets to the private sector, by identifying the linkages and role of
regulation, good governance, market competition in fostering conditions that provide incentives for
the private sector to invest in providing goods and services efficiently.
8.2 The Privatization Commission Ordinance, 2000 was promulgated on 28th September, 2000 to
establish "Privatization Commission" for implementation of privatization policy of the Federal
Government.
8.3 Section 16(2) of the said Ordinance envisages that the privatization proceeds shall be utilized by
the Federal Government as follows:-
(a) ten percent shall be used for poverty alleviation programmes and;
(b) the remaining ninety percent for retirement of the Federal Government debt.
8.4 The estimates of privatization proceeds are given in below table
TABLE 58
Privatization Proceeds
(Rs. In Million)
Object 2024-25 2024-25 2025-26 Description
Code Budget Revised Budget
E01501-02 Privatization Proceeds 30,000.000 8,000.000 86,550.000Page 69
PART-II
EXTERNAL RECEIPTS
(ESTIMATES OF FOREIGN ASSISTANCE)Page 70
No text layer on this page, see the official PDF.
Page 71
Chapter 9: ESTIMATES OF FOREIGN ASSISTANCE
9.1 External resources are derived from a combination of finanicing instruments, includling project
loans and grants, programme loans and other loans.
9.2 Project Loans and Grants
9.2.1 Project loans and grants are received from specialized International Financial Institutions and
friendly countries with specific purposes falling under the following broad categories;
9.3 Project Loans & Grants for Public Sector Development Programme (PSDP)
9.3.1 Project loans and grants for PSDP are received for various projects being executed by Federal
Government, Provincial Governments and various Autonomous Bodies such as WAPDA, PEPCO,
NHA etc.
9.4 Project Loans and Grants for Other than PSDP Projects
9.4.1 There are certain projects kept out of PSDP, which are executed by Federal Government, Provincial
Governments and Autonomous Bodies by receiving project loans and grants.
9.5 Programme Loans
9.5.1 Programme loans are provided for budgetary support and are linked/tied with achievement of
specific targets and goals.
9.6 Other Loans
9.6.1 Other loans comprise of loans from Islamic Development Bank, Sovereign Bonds, Sukuk Bonds,
etc raised from non-traditional sources.
9.6.2 The estimates of external resources for the year 2024-25 (budget and revised) and 2025-26
(budget) are tabulated below:Page 72
Table 1
Summary of Foreign Assistance
(Rs. In Million)
2024-25 2024-25 2025-26S. No. Description Budget Revised Budget
(1) PSDP Projects (A+B) 317,000.010 387,610.760 229,000.267
A. Project Loans 306,731.530 372,068.160 215,719.384
Federal Projects 54,482.380 135,843.680 89,421.976
Autonomous Bodies 252,249.150 236,224.480 126,297.408
B. Project Grants 10,268.480 15,542.600 13,280.883
Federal Projects 6,506.270 15,243.000 11,236.600
Autonomous Bodies 3,762.210 299.600 2,044.283
(2) Projects (Outside PSDP) 711,072.940 659,022.400 716,345.121
A. Project Loans 668,708.630 613,270.610 686,761.380
Federal Projects 72,562.250 35,226.800 240.700
Autonomous Bodies 18,102.570 0.000 0.000
Provinces 578,043.810 578,043.810 686,520.680
B. Project Grants 42,364.310 45,751.790 29,583.741
Federal Projects 2,299.620 6,795.600 2,195.300
Autonomous Bodies 1,108.500 0.000 0.000
Provinces 38,956.190 38,956.190 27,388.441
(3) Programme Loans and Grants 278,777.550 500,510.360 418,699.100
Loans 278,748.050 500,510.360 418,699.100
Grants 29.500 0.000 0.000
(4) Other Loans 4,378,950.500 4,286,164.400 4,413,510.000
External Resources
Loans 5,633,138.710 5,772,013.530 5,734,689.864
Grants 52,662.290 61,294.390 42,864.624
Total External Resources (1+2+3+4) 5,685,801.000 5,833,307.920 5,777,554.488Page 73
Table 2
Foreign Assistance Projects (PSDP)
(FG and Autonomous Bodies)
(Rs. In Million)
2024-25 2024-25 2025-26S. No. Description Budget Revised Budget
(a) Federal Government 60,988.650 151,086.680 100,658.576
Loans 54,482.380 135,843.680 89,421.976
Grants 6,506.270 15,243.000 11,236.600
(b) Autonomous Bodies 256,011.360 236,524.080 128,341.691
Loans 252,249.150 236,224.480 126,297.408
Grants 3,762.210 299.600 2,044.283
(i) WAPDA (Power) 43,896.000 144,117.400 69,479.614
Loans 41,862.000 143,904.600 69,479.614
Grants 2,034.000 212.800 0.000
(ii) NTDC 77,278.640 0.000 0.000
Loans 77,278.640 0.000 0.000
(iii) PPMC 12,998.510 0.000 0.000
Loans 12,998.510 0.000 0.000
(iv) NHA 36,220.000 16,347.600 54,856.200
Loans 35,220.000 16,347.600 53,356.200
Grants 1,000.00 0.00 1500.00
(v) HEC 9,228.210 16,449.600 3,687.354
Loans 9,000.000 16,362.800 3,143.071
Grants 228.210 86.800 544.283
(vi) JPCL 10,000.000 0.000 0.000
Loans 10,000.000 0.000 0.000
(vii) SUPARCO 30,650.000 59,609.480 318.523
Loans 30,650.000 59,609.480 318.523
(viii) WAPDA (Water) 35,740.000 0.000 0.000
Loans 35,240.000 0.000 0.000
Grants 500.000 0.000 0.000
Total Project Loans 306,731.530 372,068.160 215,719.384
Total Project Grants 10,268.480 15,542.600 13,280.883
Total PROJECT LOANS & GRANTS FOR 317,000.010 387,610.760 229,000.267 PSDPPage 74
Table 3
Foreign Assistance Projects (Outside PSDP)
(FG,Autonomous Bodies & Provinces)
(Rs. In Million)
2024-25 2024-25 2025-26S. No. Description Budget Revised Budget
Loans/Grants Wise Break-up
(a) Federal Government 74,861.870 42,022.400 2,436.000
Loans 72,562.250 35,226.800 240.700
Grants 2,299.620 6,795.600 2,195.300
(b) Autonomous Bodies 19,211.070 0.000 0.000
Loans 18,102.570 0.000 0.000
Grants 1,108.500 0.000 0.000
(c) Provinces 617,000.000 617,000.000 713,909.121
Loans 578,043.810 578,043.810 686,520.680
Grants
38,956.190 38,956.190 27,388.441
(i) Punjab 123,000.000 123,000.000 124,276.890
Loans 120,055.600 120,055.600 123,824.490
Grants 2,944.400 2,944.400 452.400
(ii) Sindh 334,000.000 334,000.000 366,744.611
Loans 325,670.930 325,670.930 359,616.730
Grants 8,329.070 8,329.070 7,127.881
(iii) Khyber Pakhunkhwa 131,000.000 111,154.010 170,802.460
Loans 111,154.010 111,154.010 170,802.460
Grants 19,845.990 19,845.990 13,139.610
(iv) Balohistan 29,000.000 21,163.270 32,277.000
Loans 21,163.270 21,163.270 32,277.000
Grants 7,836.730 7,836.730 6,668.550
Total Project Loans 668,708.630 613,270.610 686,761.380
Total Project Grants 42,364.310 45,751.790 29,583.741
TOTAL: PROJECT LOANS & GRANTS FOR 711,072.940 659,022.400 716,345.121 OUTSIDE PSDPPage 75
Table 4
Programme Loans and Grants
(Rs. In Million)
2024-25 2024-25 2025-26S. No. Description Budget Revised Budget
(I) Programme Loans & Grants for Federal,
Autonomous Bodies and Provinces
A) Federal 274,046.050 429,629.200 330,266.500
Loans 274,016.550 429,629.200 330,266.500
Grants 29.500 0.000 0.000
B) Autonomous Bodies 4,731.500 11,096.400 0.000
Loans 4,731.500 11,096.400 0.000
C) Provinces 0.000 59,784.760 88,432.600
i Punjab 0.000 40,263.160 53,209.200
ii Sindh 0.000 0.000 0.000
iii KPK 0.000 19,521.600 35,223.400
iv Balochistan 0.000 0.000 0.000
Total Programme Loans & Grants for Federal (I) 278,777.550 500,510.360 418,699.100 Autonomous Bodies and Provinces
(II) Programme Loans & Grants ( Donor-Wise)
A) Proramme Loans 278,748.050 500,510.360 418,699.100
1 ADB 252,226.550 346,491.600 284,204.930
2 IsDB 0.000 0.000 8,476.700
3 IBRD 0.000 11,620.000 1,160.000
4 IDA 24,371.500 142,398.760 124,857.470
5 IFAD 2,150.000 0.000 0.000
B) Proramme Grants 29.500 0.000 0.000
1 IBRD 29.500 0.000 0.000
Total Programme Loans & Grants (II) 278,777.550 500,510.360 418,699.100 ( Donor-Wise)Page 76
Table 5
Other Loans
(Rs. In Million)
S. No. Description 2024-25 2024-25 2025-26
Budget Revised Budget
1 IsDB Short-term (Loans) 147,500.000 248,844.400 203,000.000
2 SFD Oil Facility 0.000 56,000.000 290,000.000
3 Foreign Commercial Bank Loans 1,114,805.000 1,288,000.000 899,000.000
4 ECO Trade 29,500.000 0.000 0.000
5 Bonds 295,000.000 0.000 116,000.000
6 SAFE Deposit 1,180,000.000 1,120,000.000 1,160,000.000
7 KSA Time Deposit 1,475,000.000 1,400,000.000 1,450,000.000
8 Naya Pakistan Certificates (NPC) 137,145.500 173,320.000 176,610.000
9 IMF 0.000 0.000 118,900.000
Total Other Loans 4,378,950.500 4,286,164.400 4,413,510.000Page 77
Table 6
Budget Estimates of Foreign Economic Assistance - 2025-26
(Figures In Million)
Donor Group Donor B.E 2025-26 PKR B.E 2025-26 US$
Bilateral China 10,613.823
Denmark 17,685.650 36.599
France 18,305.447 60.985
Germany 7,655.810 63.122
Italy 926.018 26.399
Japan 2,564.631 3.193
Korea 15,358.200 8.844
Kuwait 6,189.994 52.959
Oman 1,489.150 21.345
Saudi Arabia 13,458.000 5.135
SFD (Oil Facility) 290,000.000 46.407
USA 5,150.083 1,000.000
Bilateral Total 389,396.806 1,342.748 17.759
Multilateral ADB 557,874.330
AIIB 30,571.540 1,923.705
EIB 1,845.000 105.419
IBRD 121,671.240 6.362
IDA 482,554.022 419.556
IFAD 14,210.700 1,663.979
IsDB 53,242.847 49.002
IsDB (Short-term) 203,000.000 183.596
OPEC Fund 1,117.250 700.000
UN 50.000 3.853
Multilateral Total 1,466,136.929 5,055.645 0.172
Others Un-Identified 1,510.753
Bonds 116,000.000 400.000 5.209
Foreign Commercial Banks 899,000.000 3,100.000
Naya Pakistan Certificates 176,610.000 609.000
KSA Time Deposit 1,450,000.000 5,000.000 Time Deposit
SAFE China Deposit 1,160,000.000 4,000.000
Time Deposit 2,610,000.000 9,000.000
IMF 118,900.000 410.000
Grand Total 5,777,554.488 19,922.602Page 78
SUMMARY OF NON-TAX REVENUE RECEIPTS
(MINISTRIES/DIVISIONS/DEPARTMENTS/INSTITUTIONS/AUTHORITIES)
(Rs. In Million)
2024-25 2024-25 2025-26Sr.NO Description Budget Revised Budget
1 State Bank of Pakistan 2,500,000.000 2,619,602.929 2,400,000.000
2 Ministry of Energy (Petroleum Division) 1,535,190.000 1,540,410.000 1,910,736.500
(i) Petroleum Development Levy 1,281,000.000 1,161,000.000 1,468,395.000
(ii) Royalty on Gas 103,751.000 135,000.000 138,000.000
(iii) Royalty on Oil 58,654.000 64,000.000 69,000.000
(iv) Windfall Levy against Crude Oil 28,000.000 27,000.000 20,000.000
(v) Natural Gas Development Surcharge 25,618.000 48,000.000 49,437.000
(vi) Discount Retained on local Crude Price 25,000.000 25,000.000 30,000.000
(vii) Receipts under the Mines - Oilfields and Mineral 5,000.000 18,500.000 15,000.000
(viii) Petroleum Levy on LPG 3,537.000 3,156.000 5,000.000
(ix) Gas Infrastructure Development Cess. 2,500.000 1,000.000 2,400.000
(x) Others Petroleum Division 2,130.000 57,754.000 113,504.500
3 Ministry of Defence 88,051.823 67,351.639 66,892.564
(i) Effective Services 42,427.073 34,602.054 35,442.364
(ii) Others Receipts from UNO 45,500.000 32,500.000 31,200.000
(iii) Others Defence 124.750 249.585 250.200
4 Ministry of Interior 92,225.349 94,430.649 99,858.059
(i) Passpor and Visa Fees 75,000.000 75,000.000 76,500.000
(ii) ICT Interior 14,756.230 16,754.650 17,736.750
(iii) Others Interior 2,469.119 2,675.999 5,621.309
5 Regulatory Authorities 65,213.022 49,176.000 39,088.000
(i) Pakistan Telecommunciation Authority (PTA) 33,812.000 28,432.000 23,149.000
(ii) Abandoned Properties Organization (APO) 14,030.262 13,889.300 500.000
(iii) Port Qasim Authority (PQA) 5,000.000 - 2,000.000
(iv) Securities & Exchange Commision of 2,604.460 2,270.000 3,675.000
(v) Drug Regulatory Authority of Pakistan(DRAP) 1,500.000 - 1,000.000
(vi) National Database and Registration Authority 4,000.000 4,000.000 4,800.000
(vii) Pakistan Standard Quality Control 1,100.000 - 1,000.000
(viii) Oil and Gas Regulatory Authority (OGRA) 1,000.000 350.000 1,000.000
(ix) National Electric Power Regulatory Authority 1,000.000 222.000 800.000
(x) Civil Aviation Authority (CAA) 800.000 - 800.000
(xi) Others Regulatory Authorities 366.300 12.700 364.000
contd…Page 79
(Rs. In Million)
2024-25 2024-25 2025-26Sr.NO Description Budget Revised Budget
6 Ministry of Communications 12,057.500 12,217.500 13,164.300
7 Ministry of Industries & Production - - 10,000.000
8 Ministry of IT & Telecommunication 6,000.000 6,000.000 6,500.000
Special Communications Organization 6,000.000 6,000.000 6,500.000
9 Ministry of Housing & Works 4,438.000 1,581.000 1,700.500
10 Ministry of Maritimes Affairs 2,388.000 1,487.800 2,844.000
11 Ministry of Overseas Pakistanis & Human 1,500.000 1,000.000 1,100.000
12 Ministry of National Food Security and Research 1,304.900 1,491.200 1,513.500
13 Ministry of Religious Affairs and Interfaith 1,012.000 635.108 712.278
14 Ministry of Foreign Affairs 1,005.000 1,005.000 1,145.000
15 Ministry of Commerce 1,000.000 500.000 700.000
15 Accountant General of Pakistan Revenues 701.355 500.675 1,000.800
16 Election Commission of Pakistan 300.728 57.406 68.887
17 Ministry of National Health Services, Regulations 284.000 336.802 405.763
18 Economic Affairs Division 177.608 148.977 106.575
19 Competition Commision of Pakistan 250.000 150.000 200.000
20 Establishment Division 231.150 214.600 270.500
21 Ministry of Law and Justice 202.555 170.665 380.650
22 Ministry of Federal Education and Professional 166.971 153.299 156.000
23 Ministry of Inter Provincial Coordination (IPC) 159.000 148.000 166.000
24 Aviation Division 108.000 - -
25 Pakistan Atomic Energy Commission 105.200 192.303 200.505
26 Pakistan Mint 100.000 160.000 200.000
27 Others Ministries/Divisions/Departments 107.095 2,753.628 152.048
28 Miscellaneous Receipts of Attached 73,055.000 41,000.000 84,000.000
29 Mobile Handset Levy 10,000.000 10,000.000 12,000.000
30 Foreign Grants-Devp Grants 15,000.000 6,000.000 2,000.000
31 Dividends (Financial/Non Financial Institutions) 138,915.000 197,960.977 206,134.000
32 Mark-up (Provinces) 96,353.283 95,446.096 95,809.652
33 Mark-up (PSEs & Others) 198,000.000 150,000.000 188,000.000
Total Non-Tax Revenue Receipts 4,845,414.931 4,902,123.276 5,147,089.506
Privatization Proceeds 30,000.000 8,000.000 86,550.000