Govt Decides to Approach Parliament for Mini Budget

Tue Feb 14 2023
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Ahmed Mukhtar Naqshbandi

ISLAMABAD: Following President Dr Arif Alvi’s refusal to ratify a ‘mini-budget ordinance’, the federal government has decided to present the bill in parliament for approval as it is making efforts to meet the International Monetary Fund’s (IMF) conditions for the stalled $1.1 billion bailout package.

Pakistan and the IMF will resume virtual talks next week after 10 days of face-to-face discussions in Islamabad on how to keep the country afloat ended without a deal.

The development came after Federal Finance Minister Ishaq Dar met President Alvi at the President’s House. The latter recommended presenting the finance bill in the parliament for approval.

President Alvi suggests Parliament’s approval

“The president advised that it would be appropriate to take parliament into confidence on this crucial subject and that a session be called immediately so that the finance bill is enacted without delay,” a statement issued by the President House stated.

During the meeting, the president was apprised by the finance minister about the government’s progress in talks with IMF.

Ishad Dar informed Dr Alvi that the government wanted to increase revenue through taxes by promulgating an ordinance.

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