Federal Cabinet approves budget 2016 17 proposals

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ISLAMABAD, May 30 (APP): The Federal Cabinet on Monday
approved budget and taxation proposals for the budget of
fiscal year 2016 17.

Prime Minister Muhammad Nawaz Sharif, through a video
conference from Pakistan High Commission in London, presided over the cabinet meeting, held here at the PM’s Secretariat.

The budget papers were signed by the Prime Minister,
which were sealed to be opened before the budget session on  June 3, 2016 when Finance Minister Ishaq dar will present the budget.

The finance minister briefed the meeting about salient
features of the budgetary proposals.

Nawaz Sharif is in London where he is due to undergo
an open heart surgery on Tuesday.

The cabinet prayed for the successful procedure and
early recovery of the Prime Minister.

Earlier, the Prime Minister also chaired the meeting
of National Economic Council that gave approval to the
budget allocations of various sectors.