ISLAMABAD: Pakistan Finance Minister Ishaq Dar will present the country’s annual budget for financial year 2015-16 will be presented on Friday (today).
The budget amounting to about 4 trillion Pakistani Rupees will be presented in the Parliament.
A special budget session of the parliament (National Assembly and Senate) has already been summoned by the President of Pakistan.
The financial document will be the third annual budget for the incumbent Pakistan Muslim League Nawaz (PML-N).
The Budget is likely to enhance allocations for social safety net including National Income Support Programme (NISP) for providing maximum relief to vulnerable segment of the society.
It would also focus on social sector development and revenue enhancement measures, besides reforms would also be introduced for improving governance and boosting private sector investment for the prosperity of the country.
Meanwhile, the National Economic Council (NEC),chaired by Prime Minister Muhammad Nawaz Sharif had approved the Gross Domestic Product (GDP) growth target at 5.5 percent for the financial year 2015-16.
The NEC also approved Rs 1.514 trillion development outlay including Rs 700 billion as federal Public Sector Development Program (PSDP) and Rs 814 billion as provincial Annual Development Programme (ADP).
Growth target for FY 2015-16 for agriculture sector has been set at 3.9 percent, manufacturing sector at 6.1 percent, while exports target has been set at $ 25.5 billion.
