Minister for Finance Dr Abdul Hafeez Shaikh briefed Prime Minister Syed Yousuf Raza Gilani on the current economic situation; allocation for the public sector development programme (PSDP); and preparation of the democratic governments’ fifth budget in a meeting here on Wednesday.
The Finance Minister said that, in line with directives, the annual PSDP will be conceived while ensuring fiscal balance. PSDP allocation, to be approved by NEC tomorrow, will focus on balanced regional development, completion of ongoing schemes and better utilisation of development assistance, the Finance Minister said.
The Acting President has summoned a session of the National Assembly on June 1 at 5.30 pm, wherein the budget for the coming year will be presented by Sheikh. Later‚ there will be a general discussion on the budget, followed by voting before its passage by the House.
Published in The Express Tribune, May 24th, 2012.
More in PakistanAiding Bin Laden hunt: Dr Shakil Afridi jailed for 33 years