Finance Minister Asad Umar will announce the mini budget 2019 on Wednesday (today).
Mini budget 2019 is due on January 23 and it will be revealed by Finance Minister Asad Umar. However, it will be the second budget by PTI government within four months.
All eyes are on the upcoming second mini budget 2019 and business analysts and economists are also considering it as the defining moment for the economy of Pakistan. However, the earlier budget failed to gain the trust of investors and people. According to reports, if the near mini budget failed to meet the expectations then it will create severe impacts on the economy of Pakistan.
The first budget was criticized for the lacking of initiatives to enhance the number of taxpayers, tackle gas and electricity theft and leakages, raise the volume of exports, and to raise the volume of exports. In addition, it also failed to increase the tax-to-gross domestic product (GDP) ratio, increase agricultural output per acre, and to diversify exports from mainly textile products.