Federal Minister for Finance, Senator Mohammad Ishaq Dar here Wednesday chaired a meeting to review state of preparations for the budget 2017-18.
The Minister was given an update on budget preparations by Finance Secretary. The Minister was informed that following issuance of Indicative Budget Cielings to the Ministries/Divisions the process of preparation of budgetary estimates was at an advanced stage.
The Minister was further informed about the meetings that have been undertaken till date with different stakeholders including business community, traders, representatives of chambers of commerce and industries besides economic experts and professionals. The Finance Minister was apprised that useful inputs have been received for the budget. The Minister said that comments and proposals received from different stakeholders should be given due consideration in finalizing the budget document.
Minister Dar emphasized that all budget related activities should be undertaken in accordance with the agreed time line. He said closer coordination between Ministry of Finance and other Ministries/Departments was imperative to carry out the budget exercise in a cohesive manner.
Finance Minister added that budget would reflect government’s resolve for sustainable and inclusive economic growth.
Budget, as earlier decided is proposed to be presented before the National Assembly ahead of Ramadan as would be the Economic Survey.
Senior officials of the Ministry of Finance attended the meeting.