ISLAMABAD: The National Assembly on Monday passed the Finance Bill 2020, giving legal effect to the budgetary proposals for next fiscal year.
The Bill was moved by Minister for Industries and Production Hammad Azhar. The amendments proposed by the Opposition in the Finance Bill, 2020 were rejected by the House.
Taking the floor, Minister for Industries and Production Hammad Azhar said the government presented a tax free budget and it envisaged relief measures not only for the construction sector but also for promotion of mobile phone manufacturing and electric vehicles. He said duties and taxes on import of sixteen hundred raw materials had been brought to zero.
He said, “It is the first time that the annual development plan carries the biggest allocations for Balochistan and Sindh.”
The minister clarified that the government did not increase the sales tax or petroleum development levy on the petroleum products. He said their prices have been increased keeping in view the upward trend in the international oil market. He said mafias in oil, sugar and flour would be brought to justice.
Responding to the point of PML (N) parliamentary leader Khawaja Asif, Foreign Minister Shah Mahmood Qureshi said no COVID-19 positive member had been invited to attend the NA proceedings. He said the government was not irresponsible. He said that forty hours were fixed for debate on the budgetary proposals but the members held discussion more than the allotted time.
The PML-N Parliamentary Leader Khawaja Asif said the government should provide relief to the masses. He regretted the increase in the prices of petroleum products.
Speaking in the National Assembly today, Foreign Minister Shah Mahmood Qureshi said the people of Pakistan had given mandate to Prime Minister Imran Khan and he will not resign. He said Prime Minister Imran Khan enjoys the confidence of the house.
The foreign minister said the Pakistan Tehreek-e-Insaf (PTI) would not make any compromise on its ideology. He said the PTI and its allies stand by the ideology of Imran Khan.