The development comes as the National Assembly is scheduled to resume the budget session today after a seven-day Eid break.
The PPP has censured the Pakistan Muslim League-Nawaz-led coalition government in the Centre for taking a "solo flight" and not taking it into confidence over the budget.
The Bilawal-led party had even announced boycotting the budget session last week — a decision the party recanted after Deputy Prime Minister Senator Ishaq Dar held multiple meetings with the PPP's top leaders to convince them otherwise.
For the ruling party, it is important to have the PPP's support as the PM Shehbaz-led coalition government does not have the luxury of a parliamentary majority to help it pass the budget smoothly.
Sources said that a Bilawal-led PPP delegation will meet the premier and will convey their reservations with regard to the political situation in Punjab as well as the issue of unreleased share of finances for Sindh.
Meanwhile, PPP Secretary Information Shazia Marri has confirmed the meeting and said: "The government reached out for the meeting and Bilawal will place the genuine PPP concerns before PM Shehbaz."