Senate adopts 139 Recommendations
ISLAMABAD—The Senate on Thursday concluded discussion on the next year’s fiscal budget. Participating in the debate, Mushahidullah Khan said the government has given big relief packages to the agriculture, textiles and industries in the budget. He said the economy has been put on the positive trajectory with the stock exchange registering new records.
Saleem Mandviwala said housing demand is increasing with each passing year and the government should launch schemes for the low income groups. He said the government should announce more incentives for the agriculture sector in order to put its growth on the positive trajectory.
A total of sixty three members from the Senate participated in the discussion on budgetary proposals. The Senate adopted one hundred and thirty-nine recommendations furnished by the Senate Standing Committee on Finance for incorporation in the finance bill 2016-17.
The house recommended that the salaries and pensions of government employees should be raised by at least fifteen percent and that the minimum wage of fourteen thousand rupees be implemented in letter and spirit. It said that the rate of interest on agriculture loans be further reduced by at least one percent.—SABAH