World News | Pak Passes Controversial Finance Bill
Get latest articles and stories on World at LatestLY. Pakistan's National Assembly Thursday passed the controversial Finance (Supplementary) Bill, also called the "mini-budget" despite stiff resistance by the opposition parties.
Islamabad, Jan 13 (PTI) 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.
Also Read | Twitter Ban Ends in Nigeria, Muhammadu Buhari Govt Lifts Suspension After 7-Month.
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.
Also Read | India, UK To Kick-Off Negotiations for Free Trade Agreement Today.
Speaker Asad Qaiser chaired the session attended by Prime Minister Imran Khan.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)