May 20, 2022 (MLN): The Annual Budget for FY 2022-23 along with the Finance Bill 2022 is scheduled to be presented in the National Assembly of Pakistan on Friday i.e., 10th June, 2022, a notice issued by Finance Division showed today.
Prime Minister Shehbaz Sharif has approved the summary to present the budget for the next financial year.
“The Prime Minister has been pleased to approve schedule of submission of the budget for FY 2022-23, in the National Assembly and its transmission to the Senate of Pakistan,” the notice said.
It is accordingly requested that a special budget meeting of the Federal Cabinet may kindly be convened for consideration of the budgetary proposals, it added.
To note, the talks between Pakistan and IMF for the resumption of the $6 billion Extended Fund Facility (EFF) are currently underway.
Earlier, the IMF emphasized the need to reverse the unfunded subsidies which are the prior conditions for the ongoing $6 billion loan program and as per sources the federal government has decided to withdraw subsidies on petroleum products and electricity.