LAHORE: Pakistan Tehreek-e-Insaf (PTI) MPA Momina Waheed on Friday submitted a resolution in the Punjab Assembly secretariat, commending the federal government’s mini-budget.
Calling to felicitate Prime Minister Imran Khan and Finance Minister Asad Umar for presenting “the best mini-budget”, the resolution stated, “A wave of happiness has spread through the public with the decision to lower tax rates.”
“The ruling PTI will always take positive measures on a priority basis to provide relief to the masses.”
Earlier on Thursday, Finance Minister Asad Umar had said that the Supplementary Finance Bill (Second Amendment) 2019 also known as the government’s mini-budget was, in reality, “economic reforms bill”, which was aimed at promoting investment and giving support to the national economy.
Addressing a post-budget press conference in Islamabad, the finance minister said that Pakistan’s economy had been facing challenges repeatedly and the increasing gap between exports and imports exacerbated the problem.
“We have taken emergency steps to support the economy; the economic reforms bill will herald the beginning of economy’s betterment,” he said.
The finance minister added that Pakistan’s economy faced three deficits, namely widening gap between exports and imports, a decline in forex reserves and low investments.
“Situation has, however, improved with steps taken by the State Bank of Pakistan (SBP) and the economic reforms bill would further consolidate the improvements made,” he said.