Mini-budget to be presented on January 23: Asad Umar

Mini-budget to be presented on January 23: Asad Umar
Karachi: Finance Minister Asad Umar on Saturday announced that the government will present the mini-budget on January 23.

While speaking to traders at Karachi Chambers of Commerce & Industry (KCCI), the minister said that the mini-budget was initially set to be presented on January 21 but was delayed as Prime Minister Imran Khan will be travelling.

"Tax anomalies will be removed in the mini-budget," the finance minister said. "Any changes in tax policy will be made after approval from the Parliament," he added.

Umar further said, "Powers of Federal Board of Revenue's (FBR) statutory regulatory orders (SROs) have been withdrawn."

The incumbent government intends to bring the third finance bill in the parliament to achieve tax collection targets.

Earlier, on Jan 10, the minister said the country’s trade deficit had reduced due to a rise in foreign remittances and exports.