Panama leaks delay budget in Pakistan

Pakistan’s plan to present its national budget in May has been disturbed due to the Panama leaks controversy that has hit the government hard.

Officials said announcement of federal budget for fiscal year 2016-17 has been disturbed due to the ongoing tussle between the government and opposition over Panama leaks probe.

According to proposed schedule of finance ministry, the budget was to be presented in the Parliament on May 27 but finance minister Ishaq Dar has said that it would now be tabled on June 3.

National Economic Council meeting which was scheduled in the first week of May was also cancelled due to the current political situation in the country after Prime Minister Nawaz Sharif’s family was named in Panama leaks.

Meeting of annual plan coordination committee to compile recommendations about development projects in fiscal year 2016-17 is pending as well.