logo
 

Pak passes controversial finance bill

Sat 15 Jan 2022, 11:44:49
Islamabad: Pakistan's National Assembly Thursday passed the controversial Finance (Supplementary) Bill, also called the "mini-budget" despite stiff resistance by the opposition parties.

The bill aimed to raise more taxes and duties and to empower the central bank were tabled on December 30 by the government to fulfill a key condition by the International Monetary Fund to approve USD 1 billion under the USD 6 billion Extended Fund Facility.

Leading opposition parties including Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples



Party (PPP) proposed several amendment in the bill but all of them were rejected while amendments suggested by the treasury were adopted.

The opposition claimed that additional taxes would hurt the already burdened masses while the State Bank of Pakistan (Amendment) Bill 2021, which was also passed along with the finance bill, would make the central bank stronger than the government and operate at its own will.

Speaker Asad Qaiser chaired the session attended by Prime Minister Imran Khan.



No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

neerus indian ethnic wear
Latest Urdu News

Do you think Rishi Sunak can win the race to be the next UK prime minister?

Yes
No
Can't Say