Illegal flow of remittances continuing, says Tarin : Dawn

ISLAMABAD: Pakistan’s federal budget for 2009-10 will be presented in the first half of June, the country’s economic manager said, although he has not been able to decide on a final date.

Advisor to the prime minister on Finance Shaukat Tarin has said here on Tuesday that the federal budget for 2009-10 will be presented either on June 6 or June 13.

‘Preparations for the budget have almost been completed but the final budget announcement date would be decided soon,’ he said talking to media at the launch of World Bank’s report on ‘Bringing finance to Pakistan’s poor’

The federal budget 2009-10 would be the first budget for Mr Tarin in capacity as the finance manager of the country.

Shaukat Tarin said that illegal channels still contribute to the major inflow of remittances into the country.

He acknowledged that the contents of the WB report that informal supply occurs through the organized hundi / hawala sector and through committees, shopkeepers, moneylenders and transfers through friends and family.

For more on this article, please click on the following link: Illegal flow of remittances continuing, says Tarin : Dawn