The Pakistan Democratic Movement (PDM)-led government tabled federal budget for the fiscal year 2023-24 in National Assembly on Friday with one eye on voters and another on the International Monetary Fund (IMF).
In the latest Budget Strategy Paper, the Ministry of Finance has issued growth targets for the upcoming fiscal year.
Finance Minister Ishaq Dar — who took charge of the finance ministry in September last year — noted that despite the economic challenges confronting Pakistan, the coalition parties still came into power.
"We took and are still taking tough decisions which rescued the economy from default," he said while presenting the budget.
He further added that although the nation had suffered massive losses of $30 billion due to unprecedented floods, the government is bidding to resume the IMF programme and take the country on the road of development.
"We have completed all the prerequisites of the ninth IMF review [...] we are hoping to reach an agreement with the IMF," the minister told the members of the lower house.
PM pays tribute to COAS Gen Asim Munir for his full cooperation to curb menace of smuggling
Tim Cook's tech company may lose its charm in East Asian country
Tech giant fires 28 employees for standing against genocide
Bitcoin halving is set to take place this week
US tech giant is considering to build regional hub in Southeast Asian city-state
Donald Lu reaffirms US's commitment to bolster ties with Pakistan