20th meeting of Standing Committee on Finance to commence today

September 4, 2019 (MLN): The 20^th meeting of the Standing Committee on Finance, Revenue and Economic Affairs will commence later today at 2:00 pm (PST), with Mr. Asad Umar in chair.

At the meeting, the Committee will be updated on the latest amendment in Gas Infrastructure Development Cess (GIDC) Act, along with its impact on fertilizer prices.

Apart from this, Pakistan’s inflation trend for both CPI and SPI during July and August will be brought under the radar, while expected inflation in near terms and the measure taken to control it will also be discussed, today.

Furthermore, the Ministry of Finance will be briefed regarding the country’s fiscal situation and the factors leading up to accumulation of debt and fiscal deficit in FY19. In addition to this, the committee will also discuss the potential measures to narrow down these figures in the ongoing year.

On the other hand, the Federal Board of Revenue (FBR) will give presents its strategies to meet the tax collection target this year. The Board will also give a glimpse of the tax revenue performance in the last two months.

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