Finance Minister Ishaq Dar has said that the circular debt of Rs 503 billion would be paid off by the end of next month to reduce load shedding, adding that the government would not present any mini budget.
In an interview with state media‚ he said outstanding payment of private power companies would be paid by the end of this month.
He said 45 percent cut in Prime Minister House’s expenses and 30 percent cut in all other ministries was mandatory.
To a question‚ Dar said 0.5 million new tax payers would be brought into the tax net this year.
He said the government had increased the amount of income support programme from forty to seventy-five billion rupees. Fifty percent quota from the programme would be given to women.
He said Prime Minister Nawaz Sharif would announce several packages to give relief to the people in his first speech to the nation.
