Pakistan

Govt facing financial problems since its first day; says Abdul Hafeez Shaikh

ISLAMABAD: On Wednesday, it has been said by Abdul Hafeez Shaikh- the Adviser to PM on Finance that financial woes has been facing by the government since the first day it assumed power.

Finance advisor said in a post-budget speech that, the country is going through a critical phase.

When the government assumed its power, it was inherited a debt of Rs31,000 billion, said by Abdul Hafeez Shaikh.

It was said by Shaikh on the budget that, the support will have to be shown by the elite class to the country as the taxes are paid more by the rich in the region than the elite in Pakistan do.

He added that, some people would have been dissatisfied with the targets.

Moreover, Abdul Hafeez Shaikh said that the budget for the development has been raised this time to Rs925 billion as compared to the previous year’s budget that was Rs500 billion.

There is a sharp fall in exports because of which the price of the dollar has hiked, said by the minister.

Finance minister further said that, this year there has not been any increment in the budget of the armed forces and it stands at Rs1150 billion.

Futhermore, the advisor to the Prime Minister Imran Khan said that, the contrast among filer and non-filer is being dispensed with and those not getting to be filer in 45 days will be given a request in regards to tax.

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