Third meeting of Standing Committee on Finance & Revenue was held

ISLAMABAD, July 11 (SABAH): 3rd meeting of the Standing Committee on Finance and Revenue was held in Parliament House, Islamabad, under the Chairmanship of Hon. Syed Naveed Qamar, MNA/Chair

The Committee was briefed on overview of the Economy, GDP Growth, Budget Deficit, Current Account, Inflation, Unemployment, Interest Rates, Energy Circular Debts and other Economic Indicators.

 Hon. Minister, Minister of State and Secretary Committee briefed the committee on corrective Measures proposed to meet the challenges to the economy in the budget and beyond. They said corrective measures have been taken to address the fiscal deficit and the country’s external accounts. They said that the Government is negotiating an IMF Program to address structural weaknesses in the economy. They hoped that Financial year 2025, the government will achieve the targeted GDP growth at 3.6% and inflation at 12%.

Minister for Finance also briefed the Committee on State of negotiation with the IMF, conditionality and roadmap to meet them in an in-Camera session and replied to a number of questions / queries of the Chair and Members of the Committee.

The meeting was attended by Bilal Azhar Kayani, Rana Iradat Sharif Khan, Zeb Jaffar, Kesoo Mal Kheal Das, Ali Jan Mazari, Dr. Mirza Ikhtiar Baig, Dr. Nafisa Shah, Arshad Abdullah Vohra, Shahram Khan, Muhammad Mobeen Arif, Usama Ali Mela, and Muhammad Ali Sarfraz, MNAs. The meeting was also attended by Muhammad Aurangzeb, Minister for Finance and Revenue, Ali Pervaiz Malik, Minister of State for Finance, Secretary Finance Division, Chairman FBR, and other senior officers of the Ministry of Finance and Revenue.