Tag: Corona budget

PTI presents tax-free ‘relief budget’ in light of coronavirus situation

Federal Minister of Industries and Production Hammad Azhar presented Rs7.14 trillion ‘tax-free’ budget 2020-21 on Friday. The budget for fiscal year 2021 comes amid a health crisis that caused our GDP to shrink by Rs3,300bn, and has been referred to as the ‘corona budget’. As Azhar highlighted the PTI-led government’s efforts to streamline the economy, he was challenged by the opposition’s loud jeering.