Federal Finance Minister Ishaq Dar has said the federal budget will presented in the National Assembly on June 12.

While talking to media here on Saturday, Finance Minister Ishaq Dar has said that a comprehensive plan has been prepared to repay loans worth about fourteen thousand billion rupees which are a huge burden on the national economy.

He said measures will be taken in the next budget to provide relief to the people besides giving a new boost to the revenue collection and generate new sources of income for the state.

Ishaq Dar said the new budget ‚ which will be presented on the 12th of this month‚ will focus on reducing circular debt which has surged to five hundred billion rupees.

The finance minister said despite grave economic situation‚ all possible measures will be taken in the budget to provide relief to the common and reduce price hike.

To a question‚ he said the country is facing grave economic challenges and special emphasis will be laid on addressing the issue of load shedding and problems of common man.

The finance minister said the government will fix ambitious targets for revenue collection for the next financial year which will be achieved at all costs.

To a question‚ Ishaq Dar said an IMF mission will come to Pakistan in December this year to hold talks for repayment of debt. He said no talks will be held with the IMF at Dubai or any other place outside the country.