Mini Budget: Divided opposition parties cancels joint session

The differences between opposition have continued to persist as it has cancelled joint session to discuss strategies regarding mini-budget to be presented by Pakistan Tehreek-e-Insaf (PTI) government today (Tuesday).

The meeting was summoned at Parliament House at 9am.

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PTI government is all set to present mini-budget for the remaining nine months of the fiscal year 2018 to 2019 today.

The federal government has decided to impose regulatory duties on 150 luxury products and to fix the income tax ratio to the June 30 level is also under consideration in a new mini-budget.

PTI’s focus is to curb imports while increasing the exports in a bid to lessen the trade deficit. For this reason, the government is mulling over reducing the age limit of imported jeeps to 3 years and for cars to 2 years, from 5 and 3 years respectively.

The government is likely to cut down the federal development program through a budget.

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