Sunday, 21 July 2019, 01:26:49 pm
Senate continues discussion on budget for next fiscal year
June 20, 2019

The Senate is also continuing discussion on the budget for next fiscal year.

Senator Usman Khan Kakar of Pashtoonkhwa Milli Awami Party said Pakistan is a federation and all ethnicities living in this country should be taken on board in budget preparations, foreign policies, and other important matters. He opposed presidential system in the country saying it is not acceptable to the people. He said powers devolved under that 18th amendment should be ensured in letter and spirit.

Usman Khan Kakar called for land reforms in the country. He said rupee’s value has decreased massively, while economic growth and foreign investment declined, which led to higher inflation rate. He said there is significant decline in budgetary allocations for education and health sectors. He was of the view that indirect taxation will further augment difficulties of the common people.

Anwar-ul-Haq Kakar lauded the government for taking tough decisions in putting the economy on path of sustainable development. He said most of the loans, taken in the past, were spent on non-productive sector, which landed the country into a big debt trap. He said without enhancing revenue collection that trap cannot be broken.

Raza Rabbani said it is an IMF dictated budget, which cannot auger well for the people of Pakistan. He criticized establishment of National Development Council (NDC). He said there was no need to establish NDC as there exist so many bodies like National Economic Council (NEC) to undertake development projects.

Ayub Afridi said the government is taking tough decisions to put the economy on the right track. He said significant budgetary allocations have been made for the development of tribal districts. He, however, said that tax exemption promised with the people of erstwhile FATA, should also be fulfilled.

The Senate also passed a resolution expressing deep sorrow and shock over the tragic death of former president of Egypt Muhammad Mursi during trial.

It said the struggle and sacrifices of Muhammad Mursi for the cause of democracy, parliamentary supremacy, constitutionalism, civilian supremacy, rule of law, justice and fundamental rights will not go in vain and shall be recognized by all the democratic people around the world in general and the future generations in Egypt in particular.

The House will now meet at 10:30 a.m tomorrow.