Budget deficit reduced by Rs 120 bn in last 5 months, tells Ishaq Dar
ISLAMABAD: Federal Minister of Finance, Ishaq Dar 2200 MWs of electricity will be produced from the ongoing power projects in the country, which will help controlling the persisting energy crisis – ARY News reports.
While briefing the Federal Cabinet on current economic situation of the country, Ishaq Dar told that the Government is giving billion of subsidy to the public in various fields.
He added that discretionary funds of all the Federal Ministers including the Prime Minister have been ended completely, whereas 45 national institutions have been directed to cut short expenses.
The Finance Minister told that a committee has been formed regarding Islamic banking system in the country, while 75 billion rupees have been allocated for deserving people in the social sector.
Dar further mentioned that the budget deficit was reduced by an amount of Rs 120 billion during the last 5 months.