Pakistan’s parliament approved a budget of Rs 14.48 lakh crore for 2023-24

The Government of Pakistan accepted the demand of the IMF.
The Government of Pakistan has also accepted the demand of the IMF to reduce the expenditure of Rs 85 billion. The country’s Finance Minister Ishaq Dar said in his speech during the discussion on the budget that these changes have been made in the budget after discussing with the IMF for three days. Prime Minister Shehbaz Sharif met IMF Managing Director Kristalina Georgieva two days ago during the Global Financial Conference in Paris and requested to release the loan.

Budget passed in session without quorum
According to the news published on the website of Pakistani newspaper Dawn, the budget of 14.48 trillion rupees was passed during the session due to lack of quorum, in which only 70 legislators were present in the ruling party and two legislators in the opposition. Foreign Minister Bilawal Bhutto-Zardari, his father Asif Ali Zardari and Leader of the Opposition Raja Riaz Ahmed Khan were also not present during this period. At the beginning of the session, Finance Minister Ishaq Dar defended the government’s move to implement several reforms in the pension scheme.

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