With growing optimism, Minister for Finance Ishaq Dar will unveil the fourth consecutive budget in parliament today (Friday).
According to local media report, the budget will envisage further improving economic growth, overcoming challenges, particularly the energy crisis, maintaining fiscal discipline and reducing non-development expenditures and providing relief to the masses, besides promoting investment for jobs creation and people friendly policies for the socio economic prosperity of the country.
Reportedly, main focus in the budget would on the development of energy, infrastructure and human resource sectors. While the China-Pakistan Economic Corridor (CPEC) projects would be prioritized.
Last year, the agricultural sector, the largest employer by sector in Pakistan, shrank by about 0.19 percent, he said, mainly due to structural issues and a poor cotton crop. However, the government in the Budget 2016-17 is likely to announce a special package for the promotion of agriculture sector in the country.
The Government had earmarked Rs.1, 675 billion in the forthcoming budget for the development schemes under the Public Sector Development Programme (PSDP) for the year 2016-17.
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