Pakistan Finance Ministry to present new fiscal year Budgetary Paper before the Cabinet to be chaired by the Prime Minister Nawaz Sharif which would be approved for the upcoming Federal Budget announcement.

Prime Minister Nawaz Sharif would chair the meeting of Federal Cabinet, beside several other issues to be discussed; the Cabinet would discuss key economic indicators for the current and new fiscal years.

It is expected that Economic Growth target for the next fiscal year would be fixed at 6 percent, fiscal deficit would be aimed to be reduced to 3.8 percent of the GDP and the debt to GDP ratio would be fixed at 60.2 percent.

The government also aim to increase the tax to GDP ratio to 10 percent.