Punjab launches Rs1,995.3 billion PIVOT economic plan for 2026–29
Chief Minister Maryam Nawaz Sharif launched the PIVOT Plan 2026–29, a Rs1,995.3 billion strategy to build an export-led industrial base in Punjab. It targets $6.8 billion in added exports and 162,000 new direct jobs.
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- The three-year PIVOT plan is worth Rs1,995.3 billion
- Targets include $6.8 billion in added exports and 162,000 direct jobs
- Rs300 billion in concessional financing is planned under STEP
- A PIVOT Secretariat will be set up in the P&D department
Punjab Chief Minister Maryam Nawaz Sharif has launched the Punjab Innovation, Value Addition and Economic Transformation (PIVOT) Plan 2026–29, a Rs1,995.3 billion strategy. The launch took place in Lahore, where she also introduced the STEP portal.
According to the reports, the plan targets $6.8 billion in incremental exports, 162,000 new direct jobs and support for more than one million livelihoods. Senior Minister Marriyum Aurangzeb presented the three-year plan.
The plan combines Rs1,089 billion in public investment with a target of Rs906 billion in private-sector investment. Of the total, Rs753.7 billion is directed towards industrial output, value addition and export competitiveness. The government has also earmarked Rs50 billion for solar power and Battery Energy Storage Systems and Rs50 billion for machinery duty reimbursements.
Under the Strategic Trade Enhancement Programme (STEP), the government envisages Rs300 billion in concessional financing at rates between zero and five per cent, subject to programme terms. The programme focuses on value chains including garments and textiles, sports goods, leather and footwear, surgical instruments, pharmaceuticals, fans, cutlery, steel and ceramics.
PIVOT includes four agro-processing parks in Sargodha, Khanewal, Okara and Bhakkar, and dedicated Horticulture Authorities in 20 districts. The plan also envisages training 402,060 people over three years and extends to tourism upgrades, digital services and workforce development.
Chief Secretary Zahid Akhtar Zaman said a PIVOT Secretariat will be set up in the Planning and Development department and a PIVOT cell in the Chief Secretary's office. In each district, the Deputy Commissioner will act as PIVOT focal person.
Business figures including Mian Mansha, Arif Habib, Fawad Mukhtar, Ziad Bashir and Osman Khalid Waheed attended, as did State Bank of Pakistan Governor Jameel Ahmad, bank heads, foreign ambassadors and representatives of the World Bank, ADB and UN organisations.
Maryam Nawaz Sharif said: "Punjab is ready to move towards a new model of economic growth—one driven by industry, innovation, value addition and exports." She also said: "Government will facilitate, industry will lead."
Why it matters
The plan targets jobs, training and industrial investment across Punjab's districts, which affects workers, exporters and local businesses in the province.
