PM Imran signs budget 2020-21 document

(Karachi) Prime Minister Imran Khan has signed the Budget 2020-21 document after approval by the cabinet, media reported on Friday. The budget is scheduled to be presented in the National Assembly session later today.

The prime minister inked the budget document during cabinet meeting which was held in Islamabad.

The estimated outlay of the upcoming budget is around Rs7.5 trillion, the budget had been formulated considering the impact of coronavirus pandemic on the people and businesses of the country.

In addition to fiscal management, revenue mobilization, measures for economic stabilization and growth, reduction in non-development expenditures; boosting exports besides job creation and people friendly policies for the socioeconomic prosperity of the country would feature in the budget.

On the revenue side, though no new taxes would be introduced, the government would introduce measures for bringing improvements in the system of tax collection, broadening the tax base, and facilitation to tax payers, sources said arguing that a strong revenue generation will play a crucial role in achieving the targets for economic growth.