The NA passed the Finance Bill 2022, giving legal effect to budgetary proposals for the next fiscal year.


Islamabad: The National Assembly (NA) on Wednesday passed the Finance Bill 2022, giving legal effect to budgetary proposals for the next fiscal year.
It was moved by Minister of State for Finance Aisha Ghaus Pasha.
Having a total outlay of 9502 billion rupees, the budget 2022-23 encompasses measures for sustainable economic growth, industrial and agriculture development and relief for the poor people.
The budget envisages Federal Public Sector Development Programme (PSDP) OF 800 billion rupees for the next fiscal year. It has been centered on improvement in sectors such as water resources, transport and communication, energy, higher education, health, science and technology, and balanced regional development.
699 billion rupees have been set aside for targeted subsidies to extend benefit to deprived segments of the society.
The budget of Benazir Income Support Program has been increased to 364 billion rupees. In addition, 12 billion rupees have been allocated for the provision of subsidy on essential commodities through Utility Stores Corporation.
The salaries of government employees have been increased by fifteen percent along with a merger of adhoc allowances.
As regards taxation, the government has levied super tax on affluent class in order to reduce the budget deficit and take the country towards economic sovereignty.
Taking the floor, Foreign Minister Bilawal Bhutto Zardari said that the Pakistan Peoples Party (PPP) has always led the struggle for democracy, free and fair elections and the economic rights of the people. He said his party strongly believes in transparent elections.
He said the PPP will also secure victory in the second phase of Sindh local government elections to be held in a month's time.
Trump says TikTok deal near as US, China agree on negotiated solution
- 3 hours ago
Ayesha Gul becomes first female SSP in Khyber Pakhtunkhwa's history
- 5 hours ago
.jpg&w=3840&q=75)
Eleven bodies recovered from floodwaters in Alipur
- 7 hours ago

Two new polio cases confirmed in KP
- 7 hours ago
Owen Cooper makes Emmy history as youngest winner at 15 for ‘Adolescence’ role
- 8 hours ago

Karachi installs 891 cameras under phase one of safe city project
- 3 hours ago
Pakistan won't play any more Asia Cup matches if match referee isn't replaced: PCB
- 8 hours ago
Artists call for ‘Free Palestine’ at Emmy Awards in Los Angeles
- 6 hours ago

Booed by own fans, Arch says he must improve
- 8 hours ago
PM Shehbaz arrives in Qatar for Arab-Islamic Summit
- 7 hours ago

Pakistan Business Forum urges govt to take concrete steps for agriculture sector
- 8 hours ago
Met office predicts hot, dry weather in most parts of country
- 7 hours ago