Govt to present mini-budget on Jan 23: Asad Umar

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KARACHI: Finance Minister Asad Umar on Saturday announced that the mini-budget would be presented on January 23.

“The mini-budget, which was initially to be presented on January 21, has been delayed as Prime Minister Imran Khan will be travelling,” Umar said during a meeting with business community held at Karachi Chamber of Commerce.

“Tax anomalies will be removed and any changes in policy will be made after approval from the Parliament,” he said.

Umar said, “Powers of Federal Board of Revenue’s (FBR) statutory regulatory orders (SROs) have been withdrawn.”

Last month, in his briefing to the Senate Standing Committee on Finance, Umar had said the government was mulling over bringing another supplementary budget.

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

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