The Federal Budget 2016-17 was presented here on Friday, by the Finance Minister Ishaq Dar at the National Assembly.
The speech initiated with the minister announcing that Pakistan GDP growth at 4.7 percent, highest in past eight years, “and the country's economy has stabilised and was out of danger.”
Addressing the issue of power shortage, the Finance Minister added that 10,000 MW electricity would be added to the national grid by June 2018.
As per reports talking about the budgeted tax revenue, the finance minister said: “We will reach our target and we want to push the tax-to-GDP ratio to over 10pc.”
The finance minister stated that the government has protected national economy from global fluctuations. He also underlined that poverty rate had declined to 28.4%.
On the economic front, Dar was if the view that the government has laid out a comprehensive agenda of reform to reinvigorate the economy, spur growth, maintain price stability, provide jobs to the youth and rebuild the key infrastructure of the country.