ISLAMABAD: Finance Minister Ishaq Dar said on Saturday that Federal Budget for the fiscal year 2013-14 will be presented in the National Assembly on June 12, saying that new budget will focus on reducing circular debt which has surged to five hundred billion rupees.
Talking to newsmen in Islamabad on Saturday, Ishaq Dar said that a comprehensive plan has been prepared to repay loans worth about fourteen thousand billion rupees which are a huge burden on the national economy.
The finance minister said measures will be taken in the next budget to provide relief to the people besides giving a new boost to the revenue collection and generate new sources of income for the state.
He said despite grave economic situation‚ all possible measures will be taken in the budget to provide relief to the common and reduce price hike.
To a question‚ he said the country is facing grave economic challenges and special emphasis will be laid on addressing the issue of load shedding and problems of common man.
The finance minister said the government will fix ambitious targets for revenue collection for the next financial year which will be achieved at all costs.
To a question‚ Ishaq Dar said an IMF mission will come to Pakistan in December this year to hold talks for repayment of debt. He said no talks will be held with the IMF at Dubai or any other place outside the country.