Another mini-budget on the cards: Asad Umar

News Desk , Bol News

13:05:30, Wednesday, December 19, 2018

Finance Minister Asad Umar has said that the government may come up with another ‘mini-budget’ to address the economic challenges facing the country.

In his briefing to the Senate Standing Committee on Finance on Wednesday, Umar said the government was considering bringing another supplementary budget in January 2019 (next month) but no decision in this regard had been taken yet.

He said a raise in taxes had been proposed but the government could consider decreasing taxes in order to enhance the economy.

The finance minister said the government has decided to supply gas to exporters at $6.5 per MMBTU, and electricity at 7.5 cents per unit. A notification in this regard would be issued soon.

The government has also decided to issue bonds for tax refunds, he added.

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