Abb Takk News

Miftah Ismail Takes Oath As Federal Minister For Finance   

Islamabad (April 27, 2018): Advisor to Prime Minister on Finance Miftah Ismail on Friday took oath as the federal minister for Finance.

He would be presenting the federal budget for 2018-19 in the National Assembly today.

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The oath taking ceremony was held at the President House where the President Mamnoon Hussain took oath from him.  The ceremony was also attended by federal cabinet members and top government officials.

Soon after the oath, the Prime Minister Shahid Khaqan Abbasi issued notification for his appointment as the Federal Minister For finance, revenue and economic affairs.

It is pertinent to mention here that the PML-N government will present its sixth consecutive Federal Budget for the next financial year in National Assembly today, Friday, with an estimated outlay of over 550 trillion rupees.

The National Assembly has been summoned to meet today for presentation of the federal budget.

The budget will lend focus on improving economic growth, maintaining fiscal discipline, boosting exports besides providing relief to the masses and promoting investment for job creation.

The total outlay of the budget likely to be 5500 billion rupees, tax revenue collection target will be set Rs 4433 biillion  while the total deficit of the budget will be 1870.The target of growth rate has been proposed to set at 602 per cent, agricultural development target will be 3.8 per cent and the salaries of government employees will be increase by 10 percent.

It will also focus on social sector development and revenue enhancement measures.

On revenue side, the government would introduce measures for bringing improvement in the system of tax collection, broadening the tax base, and facilitation to tax payers.

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