PM, Federal Cabinet meet to discuss Budget 2015-16 proposals

05 Jun, 2015 3:50 pm

ISLAMABAD (92 News) – A cabinet meeting chaired by Prime Minister Nawaz Sharif took place in Islamabad on Friday to consider approval of budget proposals for the next financial year 2015-16.

As per sources Federal Minister for Finance Ishaq Dar briefed the cabinet regarding budget proposals including targets set for the next financial year.

After approval of the budget proposals, the finance minister will lay them before the National Assembly and the Senate later in the evening.

The next year budget is expected to focus on spurring economic growth and attracting investment. It is also expected to raise federal excise duty on several products including cigarettes, ghee, drinks and sugar.

Also, the tax exemption granted to dairy products is expected to end.

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