PTI government hints at new "mini budget" in coming days

PTI government hints at new
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ISLAMABAD - PTI government has hinted at a new mini budget in coming days, media report has surfaced.

As per media report, Finance Minister Asad Umar has hinted that the government may introduce 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 mulling over bringing another supplementary budget in January 2019 (next month) but there had been no final decision on it yet.

He said an increase in taxes had been proposed but the government could consider decreasing taxes in order to boost 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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