Cabinet approves budget 2009

Saturday, June 13, 2009 Leave a Comment

The Cabinet meeting chaired by PM, Yousuf Raza Gilani has approved the budget for FY 2009

While referring to the challenges and intense difficult economic circumstances, under which the government was forced bold decisions. "It is because of this support that despite problems we have moved from stabilizing economy and growth expected to be 3.2% during the FY 2009-10".

PM also appreciated the efforts of Finance ministry, planning Commission, Economic Affairs Division, and the Federal Bureau of Revenue (FBR), for managing a balanced budget for FY 2009-10, which had been termed as "A budget for the revival of economy with a human face".

Earlier the advisor to PM on economic affairs, Shaukat Tareen briefed the Cabinet about the salient features of the budget, which he termed as catering sufficiently for Needs of all aspects of economy.

The State minister for economic affairs, Hina Rabbani Khar said that the budget catered for future economic challenges, on which focus was required to be achieved.

Deputy chairman planning Sardar Aseff Ahmad Ali said that the budget incorporated all planning features of future growth in self-reliance in all sectors of economy, while Chairman FBR, briefed the cabinet about proposals prepared by FBR in accordance with guidelines provided by government, besides explaining various revenue collection methods.

The Cabinet, which was participated actively and also floated a number of proposals lauded the efforts of ministry of Finance, while before beginning the session also offered fateha for the martyred Dr. Sarfaraz Naeemi.