KARACHI: On Saturday, Finance Minister Asad Umar announced that the government will present the mini-budget on January 23.
Earlier, the mini-budget was initially set to be presented on January 21 but was delayed as Prime Minister Imran Khan will be travelling, Umar informed during a meeting with traders at Karachi Chamber of Commerce.
“Tax anomalies will be removed in the mini-budget,” the finance minister said. “Any changes in tax policy will be made after approval from the Parliament,” he added.
Umar further said, “Powers of Federal Board of Revenue’s (FBR) statutory regulatory orders (SROs) have been withdrawn.”
Last month, in his briefing to the Senate Standing Committee on Finance, Umar had said the government was mulling over bringing another supplementary budget.
He said an increase in taxes had been proposed but the government could consider decreasing taxes in order to boost the economy.
This would be the second such budget introduced by the Pakistan Tehreek-e-Insaf (PTI) government in the span of six months since it was voted to power in July 25th, General Elections.