Finance Minister Ishaq Dar Thursday unveiled the Pakistan Economic Survey 2022-23, a document that sums up the government’s performance in a fiscal year, to the utter dismay of all as nearly all the targets were undershot by a shocking margin with the GDP growth rate crashing to 0.3%, which can be chalked up to natural and political disasters.
Finance Minister Ishaq Dar presented the pre-budget document during a press conference held in Islamabad.
Dar’s first budget for this government’s complete fiscal year would be eagle-eyed by the analysts for any hints about populist dole-outs and they would also try to ascertain if the government was willing to pursue the economic discipline required to enter another IMF programme.
PM hails economic team’s performance
Before holding the presser, the government’s economic team led by Finance Minister Dar called on Prime Minister Shehbaz Sharif in Islamabad and presented the economic survey document.
The prime minister commended the economic team’s one year performance for economic stability and development.
He said regardless of the economic challenges left behind by the previous government and unprecedented floods, the services of the economic team for the country’s economy are appreciable.
PM Shehbaz said that the government will invest a substantial amount in the next budget for the uplift of agriculture and IT sectors.
He said the small farmers will be provided with high quality seeds and equipped with state of the art agriculture equipment.
The PM said that interest free loan programme for the small farmers will also be expanded in the next budget.
He also announced that the government will award prizes to the farmers achieving higher per acre yield.
More to follow..
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