READ: Finance Minister Miftah Ismail's budget speech
New budget for fiscal year 2022-23 provides solace to salaried class
Federal Minister for Finance and Revenue Miftah Ismail presenting the budget for the financial year 2022-23 during a National Assembly session in Islamabad on June 10, 2022. PHOTO: PID
With one eye on the International Monetary Fund and the other on voters, Finance Minister Miftah Ismail has proposed a Rs9.5 trillion inflationary budget amid a daunting challenge to meet ambitious targets.
The new budget for the fiscal year 2022-23 provides solace to the salaried class whose tax burden has been significantly lessened in addition to a 15% increase in salaries of the inflation-stricken government employees.
Read the finance minister's full budget speech below: