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Pakistani government to present mini-budget

IANS  |  Islamabad 

The newly-elected has decided to present a mini-budget for the remaining nine months of the year of 2018-19 on Friday.

According to media reports, the decision was made during a meeting chaired by in on Wednesday.

The presentation of an amended budget is aimed at streamlining the government's economic policies in line with the major economic indicators and the introduction of policies and steps to increase government's revenues to help it overcome the budget and trade deficits, reported.

The new government is expected to make amends to the popular Tax Scheme, which was launched by the previous government earlier this year.

Moreover, the incumbent economic managers are also likely to change the tax exemption annual slab from 1.2 million Pakistani rupees to 0.8 million Pakistani rupees.

of has summoned a (Lower House) session on Thursday where he will make his maiden speech to the parliamentarians. The session will also discuss various other measures to increase the tax revenues including the imposition of one percent regulatory duty on all the imported items.

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, September 12 2018. 21:48 IST
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