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Covid To Growth, A Ray Of Hope: Federal budget for the new fiscal year to be presented in NA today

Pakistan’s economic indicators were positive, adding that the country was moving towards economic stability after a long time – Fawad Chaudary.

All eyes will be on the National Assembly today (Friday) as the federal budget for the fiscal year 2021-22 will be presented in the lower house of parliament.

Finance Minister Shaukat Tarin unveiled the Pakistan Economic Survey 2020-21 a day earlier, will present the PTI-led government’s budget. The session will begin at 4:00pm.

According to Radio Pakistan, the federal cabinet will meet in Islamabad today to discuss and approve budget proposals. Prime Minister Imran Khan will preside over the meeting.

Information Minister Fawad Chaudhry said that all of Pakistan’s economic indicators were positive, adding that the country was moving towards economic stability after a long time.

“The country’s people and institutions have full faith in Prime Minister Imran Khan which has made economic and political stability possible,” he said. The minister also urged the opposition to treat accountability and reforms separately, and take part in talks on electoral and judicial reforms.

Meanwhile, the opposition has said that it will not allow an anti-people budget and will do everything to stop its approval. Last month, Leader of the Opposition in the National Assembly Shehbaz Sharif hosted a dinner reception for all mainstream opposition parties on the upcoming budget.

Despite the current differences between the PPP and the PML-N, PPP Chairman Bilawal Bhutto-Zardari has said that the party will support Shehbaz on the budget.

Speaking at a press conference, Bilawal had said that PPP members would come and vote on the day of the budget, adding that it was up to Shehbaz as the leader of the opposition in the National Assembly to “do his work and stop the government’s budget”.

In a pre-budget seminar held last week, the PML-N had presented a dismal picture of the state of the economy in the country due to the “failed fiscal policies” of the PTI government. Former finance minister Ishaq Dar also stressed the need for having a “serious review” of the economic policy to bring Pakistan out of the economic ‘mess’.

Gohar Imdad
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