ISLAMABAD: Finance Minister Ishaq Dar on Friday unveiled Rs4394.70 budget for Fiscal Year 2016-17
In his budget speech in the parliament, the minister presented a review of government’s performance over the last three years during which he said the country achieved economic stability.
“Economic indicators reflect our performance,” Dar said. “I am thankful to Allah that we are given an opportunity to present budget for fourth time. Our each budget was better than the previous ones.”
“We have successfully managed to put Pakistan on the right track.” The finance minister told the House that the country’s GDP growth stood at 4.7 pc. “While on the path to economic prosperity, the government has managed to put inflation in check,” he added.
Revealing his government’s performance on the economic front, Dar said tax collection stood at record high. However, exports showed a major decline, but for the finance minister, it was mainly due to a global downward trend that should be blamed.