[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The Finance (Supplementary) Bill, 2023, also referred to as the mini-budget, was still being discussed by the National Assembly on Friday.Raja Pervaiz Ashraf, a speaker, presided over the meeting. The law was introduced on Wednesday by Finance Minister Ishaq Dar in both houses of parliament as the administration hurried to meet the requirements set forth by the International Monetary Fund (IMF) for the release of a much-needed bailout.
In order to satisfy the most recent prior actions agreed upon with the IMF, the finance bill specifies tax measures to raise an additional Rs170 billion over the course of the following four and a half months. Qadir Khan Mandokhail of the PPP encouraged the government to increase taxes on luxury goods rather than raise burdensome taxes on the poor during today’s hearing on the finance bill.
Dar was criticised for being “non-serious” about the challenging circumstances the country was experiencing by Salahuddin of the MQM-P. “The only reason we are with you today is to avert default and help the nation out of its economic catastrophe.
“The rupee has declined; gas, electricity, and other commodities were already costly. On the populace, these bombs had already been dropped. On February 15, our finance minister then dropped a second bomb. Grand Democratic Alliance MNA Saira Bano also criticised the administration for raising taxes, claiming that inflation made it impossible for the average person to achieve their basic requirements.
Mohammad Afzal Khan Dhandla, a PTI MNA, emphasised the importance of concentrating on population management and agriculture. He demanded that imports of cars be decreased and public transportation strengthened. Later, the meeting was adjourned till Monday at 5 o’clock.
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