REVIEWING OBJECTIVES OF THE FEDERAL BUDGET 2011

Byline: SHAMSUL GHANI While presenting 3.259 trillion FY11 budget, the newly inducted finance minister Dr Hafeez Sheikh sounded like one of Pakistan's past finance ministers Dr Mahboobul Haq who, not with a feudalist mindset, had a soft corner for the poor masses of this country and who, in stark contrast to the market economy tactics, introduced indexation system to save the masses from the savageries of inflation. But as expected, he was soon relegated to the academic backyards to grow the theoretical crop of his pro-masses economic ideas.