Federal Minister for Finance Senator Ishaq Dar presented the budget for the next financial year in the National Assembly which has met with mixed reactions, with some praising it for its focus on the people, while others have criticized it for being too focused on the upcoming general elections.
One of the key features of the budget is the increase in the minimum wage to Rs32,000. This is a welcome move, as it will provide much-needed relief to the millions of Pakistanis who are struggling to make ends meet. The government has also increased the salaries and pensions of government employees, which will also help to improve the lives of many people.
In addition to these measures, the government has also allocated a huge amount of money for development projects. This is a positive sign, as it shows that the government is committed to investing in the future of Pakistan. However, it remains to be seen how effectively this money will be spent.
The budget has also been criticized for its lack of focus on the long-term challenges facing Pakistan. For example, the government has not done enough to address the issue of rising inflation. Additionally, the budget does not do enough to promote economic growth.
Overall, the budget is a mixed bag. There are some positive aspects, such as the increase in the minimum wage and the allocation of money for development projects. However, there are also some negative aspects, such as the lack of focus on the long-term challenges facing Pakistan. It remains to be seen whether the government will be able to deliver on its promises.
In the meantime, the people will be hoping that the budget will provide them with some relief from the economic hardships that they are facing.