Pakistan’s finance minister Asad Umar on Wednesday (Jan 23) has presented the much awaited mini budget which initiated a new debate regarding Pakistan’s economy in across the country. Opposition leaders has totally rejected the mini budget because according to their opinion presented budget has no relief for lay man of the Pakistan.
In opening remarks of Finance Minister, Asad Umar said “People believe that a new budget is being presented; however, this is not a new budget, this is an economic reforms package to fix the economy,” he said. “I want to present a road-map by which the economy can be made stronger,” he added. “We hope this will be last IMF package that the country will have to take,” he added.
“Today exports are at 40 percent. Of the entire national output, exports were 14 percent and now they are just 7 percent of the economy.” He claimed that by 2022, the country’s growth rate will be at its highest and current account and fiscal deficits at their lowest in 15 years.
Salient features of budget:
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23 August, 2019