9th June 2016
Pakistan Finance Minister Ishaq Dar unveiled the 2016 - 2017 budget on 3 June 2016.
The new budget of Rs4.42 trillion appears to strike a balance between fiscal consolidation, imposed by the International Monetary Fund (IMF), and some incentives for the industrial sector.
According to Irfan Iyas, MGI member in Pakistan, this budget is aimed at shoring up the country's finances. Pakistan is targeting a near 16 percent rise in tax revenues in the year ending June 2017.
lyas Saeed & Co has outlined its comments as ‘Budget Memorandum 2016’ on Finance bill for its clients and all interested parties. It is available on http://ilyassaeed.com/budget-brief/