Abb Takk News

Federal Cabinet Meeting Summoned Today For Approval of Mini Budget

ISLAMABAD: The special meeting of the federal cabinet will be held in Islamabad today (Wednesday) with Prime Minister Imran Khan in the chair.

The cabinet will approve the Investment and Export Promotion package during the meeting.

Minister for Finance Asad Umar is going to unveil mini-budget that is called supplementary finance bill and macroeconomic framework before the Parliament today (Wednesday).

The cabinet meeting will meet at 2 pm at the parliament house to approve the supplementary budget.

The premier has also called parliamentary party meeting today.

The government, the sources said, decided to reduce and abolish RD on 150 items at least against 250 items recommended by the Ministry of Commerce for waiving off RD on items related to industries including raw materials on electronics, engineering, chemicals and other sectors.

It is proposed that the slab of 18 percent will be brought down to 16 percent, 16 percent to 15 percent, 11 percent to 10 percent and 6 percent to 5 percent through upcoming finance bill.