Federal Government To Announce Economic Agenda Tomorrow: Fawad Chaudhry
Minister for Information and Broadcasting Fawad Chaudhry said the government will present its economic agenda before the masses when it tables the ‘mini-budget’ in the National Assembly on Wednesday, January 23.
In a tweet earlier today, the minister said the Pakistan Tehreek-e-Insaf (PTI) government coped with financial emergencies during its first five months in power, resulting from balance of payments issue and flawed economic policies of the previous government.
The government will now unveil its economic vision, Chaudhry said, declaring 2019 as the year of realisation of “actual targets”.
Finance Minister Asad Umar had earlier this month announced the mini-budget would be revealed on January 23 – the second such budget introduced by the PTI government since it was voted into power in the July 28 general election.
The forthcoming mini-budget is expected to bring relief in terms of downward revisions in four import slabs by 1% and elimination of regulatory duty on 150 to 250 items.
According to Dr Khaqan Najeeb Khan, the finance ministry’s adviser and spokesman, the mini-budget would support ease of business processes, simplify procedures and facilitate businesses by reducing bureaucratic red-tape.
It would also support manufacturing and exports, incentivise low-cost housing and facilitate agricultural financing to boost the country's economy, he added.
Comments
Post a Comment