President approves Finance Bill 2020-21

President approves Finance Bill 2020-21
Islamabad: President Dr Arif Alvi on Monday signed the Finance Bill 2020-21 after it was passed by the National Assembly.

The president gave the approval under Article 75 of the Constitution, a President House press release said.

On Monday, the National Assembly of Pakistan approved the federal budget presented for the fiscal year 2020-2021 in its session today held in Islamabad.

According to details, Federal Minister for Industries and Production Hammad Azhar presented the budget in parliament which was approved after the procedural debate.

Speaking on occasion, Foreign Minister Shah Mahmood Qureshi said no Covid-19 positive member has been invited to attend the proceedings of national assembly today.

“We are not irresponsible. We allocated 40 hours debate on the budgetary proposals but the members held discussion more than the allotted time,” he added.

He also rejected the opposition’s demand seeking Prime Minister Imran Khan’s resignation.

“The people of Pakistan have given mandate to Imran Khan and he will not resign. PTI and its allies stand by the ideology of PM,” he added.

Pakistan Muslim League (PML-N) leader Khawaja Asif lashed out at government for increase in the prices of petroleum products.

“There has never been such a time when petrol price was increased by 34% overnight. PTI is full of mafia,” he added.

Minister for Aviation Ghulam Sarwar Khan regretted that previous governments destroyed the institutions in name of democracy.

“We are scrutinizing the date of Pakistan International Airlines (PIA) employees inducted in last ten years. Inquiry proved political appointments were made in the national flag carrier in complete violation of merit,” he stated.

Pakistan Peoples Party (PPP) Chairperson Bilawal Bhutto-Zardari also lashed out at Prime Minister Imran Khan over the government’s Covid-19 response.

“The Prime Minister should now either ask public and the assembly for forgiveness or step down and let someone qualified take charge,” he said.

Bilawal added that the government dropped an inflation bomb on public after they increased petrol price by Rs. 25.

Speaking on floorfloor, Minister for Industries and Production Hammad Azhar said the government has presented a tax free budget to provide relief to masses.

“We have taken relief measures not only for the construction sector but also for promotion of mobile phone manufacturing and electric vehicles. Duties and taxes on import of around 1600 raw materials have been brought to zero,” he added.

He said it is for the first time in history that the annual development plan carries the biggest allocations for Balochistan and Sindh.