The process of preparing the federal budget for the fiscal year 2021-22 has started, according to newly appointed Finance Minister Shaukat Tarin.
After taking over the finance ministry on Monday, he made these remarks.
“I got budget briefing from the finance ministry, and we will be incorporating numerous projects required for economic progress in it,” Tarin said, adding that he will soon disclose his budget priorities with the media.
The finance minister said that it was his first day in the finance ministry after an 11-year of absence, and he spent two hours receiving updates on the ministry’s operations.
Shaukat Tarin assumed his duties as finance minister earlier in the day after visiting the ministry and meeting with senior officials.
Tarin was introduced to officials from the finance ministry in the hopes that they would work together as a team to run the affairs smoothly.
He met Prime Minister Imran Khan before being appointed to the ministerial post, according to a source, and the latter showed trust in Tarin’s ability to cope with economic problems.
During the conversation, Imran Khan said that he had known Tarin for 35 years because he was a member of the Shaukat Khanum Hospital’s board of governors.
The premier said, “Shaukat Tarin will operate in a coordinated manner to bring more stability.”
The incumbent finance minister, speaking on the occasion, said that in order to overcome the country’s economic woes, GDP growth had to be increased to six to seven percent.
Shaukat Tarin, when asked if there are any attempts to oust the governor of the State Bank of Pakistan (SBP), said there are no chances of him being removed because he has implemented outstanding reforms in the system.