PM Imran Khan emphasizes austerity to curb fiscal deficit

ISLAMABAD, Pakistan: Prime Minister Imran Khan has said that austerity needs to be exercised at all levels in view of current fiscal situation.

Chairing a meeting in Islamabad on Monday in which he was briefed about Punjab’s annual budget 2019-20, the prime minister said that example should be set from the top in this regard.

The Punjab budget 2019-20 will be presented at the Punjab Assembly in Lahore on Friday at 03:00 pm.

In today’s meeting, the prime minister was informed that in line with the Pakistan Tehreek-e-Insaf’s (PTI) manifesto, the focus of the Punjab’s budget, is human development and regional equalization with greater allocations for social sectors and promotion of agriculture and industry.

The meeting was also informed that special emphasis is being laid on promotion of public private partnership in development projects.

The meeting was attended amongst others by the Minister for Planning and Development Makhdoom Khusro Bakhtiar, the Adviser on Commerce Razaq Dawood, the Chief Minister Punjab Sardar Usman Buzdar, the Finance Minister Punjab Makhdoom Hashim Jawan Bakht, the Secretary Finance Punjab, the Governor State Bank of Pakistan and the Chairman Federal Board of Revenue (FBR).

Earlier in a televised address to the nation, Prime Minister Imran Khan asked the tax evaders to declare their financial assets, within the Country and abroad, before June 30 or be ready for an indiscriminate action.