Federal budget to divulge on April 27: Miftah Ismail
Islamabad (Web Desk): Advisor to Prime Minister on Finance, Miftah Ismail has said that the federal budget would be presented for the fiscal year 2018-19 on April 27.
Miftah Ismail said Pakistan Muslim League-Nawaz government would complete its tenure on May 31, adding that the federal budget would be presented on April 27.
Ismail, addressing a press conference, also said all political parties have been taken in confidence for the upcoming budget.
“The idea is to give ample time to provinces so that they could present their respective budgets,” he said.
Speaking on this occasion, Interior Minister Ahsan Iqbal said that heavy investment had been also made in the country’s infrastructure, energy and industrial sectors under the China Pakistan Economic Corridor (CPEC) which would result in giving boost to the national economy.
“CPEC is at initial stage and still its benefits are being felt across the country as far flung areas of the country are being connected with the big cities through construction of 1650 kilometers motorways besides numerous employment and entrepreneurship opportunities are also surfacing,” he said adding after completion of the mega project in 2030, Pakistan would become hub of regional trade, business and manufacturing.
He had said that IMF had appreciated the growth trend in Pakistan. “In fact, they [IMF] suggested Pakistan should slow down the economy,” Miftah had claimed
He had also said that trade data for the month of February 2018 suggested that the current account deficit of the country was narrowing.