Budget can be improved further: Adviser Finance, Hafeez Sheikh

Budget can be improved further: Adviser Finance, Hafeez Sheikh




KARACHI: Advisor Finance, Abdul Hafeez Sheikh said that this budget has been set up after consultation with many people, and it can further improve.

Addressing the economy and budget talks in Karachi, Hafeez Sheikh said that the third democratic era is going on in Pakistan, the economic development period in Pakistan has not been more than four years, we have not kept business ceremonies in the world for 70 years. We have problems at the internal and external level, we have to pay extra money from the friendly countries.

He said that the aim of going to IMF was to pay a loan of Rs 6 billion, leaving the IMF, we are sending the message to the world that we want to live in our resources.

The Finance Minister said that the budget could be improved further. This budget has been set up after consultation with many people, the budget has been focusing on exports by reducing imports and subsidy has been given to increase exports. The goal is to reduce the target of 5500 billion.

Hafeez Sheikh further added that all the quotes should be given, if it is a matter of anger, we have eliminated the concept of non-filer in the budget, we have to extend the tax net, not raise the burden of taxes on taxpayers. The person who took the loan is a matter of past, paying the obligations, the state has to fulfill its international obligations, should be tolerated in the government, should endure the government's efforts to keep the time of difficult time at least. Be done

Governor State Bank Raza Baqar said that I am honored to have the opportunity to serve the country.

He said that the purpose of monetary policy is to reduce the cost of inflation, and the inflation is due to the State Bank's note, when the rate is a refinement of interest rates, which uses State Bank.

The Governor State Bank said that the Treasury has said that the government will not take loans from State Bank since July 1st.

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