Subsidies cut by 8pc to Rs1.09tr

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• New housing scheme gets Rs71bn

• Subsidy for electricity consumers reduced from Rs1.036tr to Rs830bn

ISLAMABAD: The federal government has slashed subsidies by eight per cent to Rs1,091 billion for 2026-27 against Rs1,186bn allocated for the outgoing fiscal year.

Incidentally, out of the Rs1,186bn allocated for FY26, actual spending remained at Rs1,157bn, mainly due to a decline in electricity-related subsidies. A new head, PM Apna Ghar Programme, has been created for FY27 with an allocation of Rs71bn.