‘Budget delay’

Islamabad—Announcement of federal budget for Fiscal Year (FY) 2016-17 has been disturbed due to the ongoing tussle between the government and opposition over Panama leaks probe.
According to proposed schedule of Finance Ministry, the budget was to be presented in the Parliament on May 27 but Federal Finance Minister Ishaq Dar has said that it would be tabled on June 3, a private TV channel reported.
National Economic Council (NEC) meeting which was scheduled in the first week of May was also cancelled due to the current political situation in the country. Meeting of Annual Plan Coordination Committee to compile recommendations about development projects in Fiscal Year 2016-17 is pending as well.—INP

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