Hafeez Shaikh says issued directives for new budget preparation

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ISLAMABAD: Prime Minister’s newly-appointed adviser on finance Dr Abdul Hafeez Shaikh Saturday mentioned that he has issued directives for preparations of the upcoming price range, ARY Information reported.

In his first public assertion after taking cost of the Ministry of Finance, the adviser mentioned that he will even pace up the talks course of (for bailout bundle) with the Worldwide Financial Fund (IMF).

Shaikh mentioned that he has issued fundamental directions for preparation of the medium time period technique paper for the upcoming price range.

Finance Adviser mentioned that the targets for income and expenditure have been finalized.

Shaikh mentioned that Pakistan intends to maneuver forward the negotiations with the IMF. The IMF has assured to ship its delegation to Pakistan, he additional mentioned.

The mission of the monetary establishment will arrive in Pakistan quickly, Shaikh mentioned.

“I will even maintain talks with the IMF mission head for Pakistan this night,” he additional mentioned.

Dr. Hafeez Shaikh has held a gathering with Prime Minister Imran Khan and briefed him about his dialog with the IMF officers, in accordance with the sources.

President Arif Alvi on Friday permitted the appointment of Abdul Hafeez Shaikh as Adviser to Prime Minister on Finance. He has been given the standing of a federal minister.

Mr Shaikh, a famous economist, has earlier served the nation as Finance Minister from 12 months 2010 to 2013 and as Minister of Privatization and Funding throughout 2003 to 2006.

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