Business

Budget 2010-11 to be tabled in NA, June 5

Ppi May 06, 2010

ISLAMABAD: The Federal Budget for the next financial year 2010-11 would be presented in the National Assembly (NA) on June 5, Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh said on Thursday.

Talking to newsmen, he said that the budget would be welfare oriented and efforts would be made to provide relief to common man.

Dr Shaikh hoped that target of 5.1% budget deficit would be achieved that would result in improving macro economy.

He said that United States will provide Pakistan $250 million under Coalition Support Fund CSF by end of next month.

Advisor said that Etisalat company has been asked to deposit $650 million on purchase of Pakistan Telecommunication Company Limited PTCL at the earliest.

COMMENTS (1)

Meekal Ahmed | 14 years ago | Reply Dr Sheikh seems to be falling for the "welfare-oriented" "relief for the common man" sound-bites and cliches. I wish he would not do that because it is unbecoming of someone who is smart and experienced. As I have said before ad nauseam, if you are truly interested in the welfare of and want to provide relief to the people, get inflation down and keep it down. That and sort out the power problem expeditiously without which there will be no growth, investment, exports or jobs. If the 5.1% fiscal deficit figures refers to the expected outcome of this year, then next years 6% fiscal deficit target as reported in this paper makes no sense. I suppose the budget will be presented by the ever-green Hina Rabbani Khar. I hope she looks a little more knowing and intelligent in her presentation than last year.

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