Meeting held to discuss next year’s budget

By Ali Imran

ISLAMABAD: Adviser to Prime Minister on Finance, Abdul Hafeez Shaikh, has chaired a meeting to review the economic outlook amid COVID-19 crisis and budget preparations for the new fiscal year, media reported on Friday. The matters related to the upcoming budget FY2020-21 and impact of COVID-19 pandemic on the nationals have been discussed in the meeting. Shaikh urged exhibition of responsibility into financial affairs in view of the alarming situation of the national economy due to coronavirus.
He asked ministries and departments to present recommendations for the new budget besides tabling suggestions to further reduce expenses and utilisation of available resources. The concerned authorities should also consider issuance of Shariah-compliant bonds.