Only Rs1.13tr allocated to PSDP against Rs4.1tr requirement; minister terms shortfall "new circular debt crisis"; record Rs4.715tr development plan unveiled.
Only Rs1.13tr allocated to PSDP against Rs4.1tr requirement; minister terms shortfall "new circular debt crisis"; Record Rs4.715tr development plan unveiled.
Attempting to extract more taxes from an already stressed private sector is likely to generate frustration and resentment rather than meaningful additional revenues.
PTI information secretary says no serious effort has been made over the past five years to cut the cost of governance, reduce wasteful spending or address structural inefficiencies.
Schedules Annual Plan Coordination Committee and National Economic Council meetings early next month to clear a consolidated national development programme.
Ministry says a media report "incorrectly portrays the constitution of a high-level review committee by the prime minister as a ‘handover’ of the budget-making process from the Finance Division".
Both sides exchanges views on maintaining reform momentum, preserving macroeconomic stability and advancing structural reforms to promote investment, productivity and export-led growth.