Budget should reflect public welfare policy, say experts


While addressing a one-day post-budget seminar organized by the NED University of Engineering and Technology, the speakers said that budget effects lives of common people, therefore public welfare policy should be reflected in the budget.

The speakers said the PTI government has presented its third budget with the claim that the budget for 2021-22 is a historic budget. However, the important thing is that how realistic are the targets set in the budget and how to meet these targets.

Dr. Akbar Zaidi, Executive Director, IBA, said that there is a need to keep a close eye on the current budget figures. Less than a week has passed since the budget was passed by the National Assembly and the importance of the budget decimals are diminishing.

Highlighting the importance of the budget, NEDUET Vice Chancellor Prof Dr. Soroush Hashmat Lodi said that local production does not match our needs, so we have to rely on imports which increases our trade deficit. “We need structural reforms keeping in view all positive aspects.

The water, power and agrarian reform sectors need to be developed while problems being faced by small and medium enterprises should be addressed. He appreciated the government’s strategy for the construction sector and hoped that it would play a role in boosting economy.

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