Senate continues discussion on Finance Bill 2024-25

ISLAMABAD:  The Senate is continuing discussion on the Finance Bill 2024-25.

Taking part in the discussion, Bilal Ahmed Khan suggested that the government should focus on broadening the tax net as well as exploiting the country’s indigenous resources. He said this is important to free the country from debt trap and take it towards self-reliance.

Muhammad Qasim voiced concerns over terrorist incidents in the country, stressing that the political leadership should work sincerely to take the country in the right direction.

NEPRA proposes fixed charges up to Rs 1,000 for domestic users

Amir Waliuddin Chishti opposed the imposition of tax on stationery in the budget. He emphasized greater focus on bringing improvement in the health and education sectors.

Nadeem Ahmed Bhutto said the budget for next fiscal year is not people friendly. He said the political leadership will have to move towards Charter of Economy to address the chronic issues.

Samina Mumtaz Zehri said the employees in one to sixteen grades must be exempted from additional taxes.

Sajid Mir supported the privatization of loss making enterprises including PIA and Pakistan Steel Mills.

Shahadat Awan noted that increase in salaries and pension is not significant saying these should be enhanced keeping in view the prevailing price hike.

Zeeshan Khanzada said the private sector and businesses should be fully facilitated to uplift the economy. He said we should also give confidence to overseas Pakistanis to invest in Pakistan.

World Bank approves $535 million aid for Pakistan to combat climate change

Dr Afnan Ullah Khan said the PSDP for the next fiscal year envisages important initiatives such as establishment of IT Parks and substantial allocations for water reservoirs.

On the occasion of the birthday of Benazir Bhutto, the chair paid tributes to her struggle for democracy and supremacy of the constitution. The House also offered fateha for the departed soul. – INP