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Pakistan Budget 2019-2020

ISLAMABAD – The ruling party of Pakistan, Pakistan Tehreek-e-Insaf’s (PTI) government is unveiling Budget 2019-20 in parliament on Tuesday with an expected outlay of Rs6.6 trillion, demonstrating its political will to generate revenue and cut expenditure through the austerity drive for achieving economic stability under the IMF’s tight scrutiny, Local media reported Tuesday.
Minister of State for Revenues Hammad Azhar will deliver budget speech before the Parliament at 05:00pm, as the Adviser to PM on Finance Dr Abdul Hafeez Shaikh did not hold ministerial portfolio being non-elected member of the cabinet.
Prime minister Imran Khan chaired a meeting of the cabinet before the presentation of the budget.
The meeting will discuss and approve the budgetary proposals for the next fiscal year. Adviser on Finance Hafeez Sheikh will brief the cabinet about the budgetary proposal.
The budget session is expected to be fiery after the arrest of PPP Co-Chairman Asif Zardari and Humza Shabaz, Son of former chief minister of Punjab province.
The opposition parties have convened a consultative meeting at the Parliament House at 04:00 pm to discuss the strategy for budget session.
The copy of finance bill 2019-20 will also be laid before the Senate which has been convened to meet at six pm.
(Sahar News Monitoring Desk)

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