The government is likely to announce a ‘tax-free budget’, the government’s prime focus is on providing relief for people and businesses rather than tax generation and likely to adopt a demand-driven strategy.

· The budget-FY21 allocation will be focused on employment, economic growth, and controlling the COVID-19 pandemic. The government needs the approval of the IMF for budget revenue and expenditure targets. As, Pakistan is under an IMF programme, having got a USD6bn package under the extended fund facility (EFF) and in addition to USD1.34bn under rapid financing scheme (RFI). (Spectrum Research for details visist web).