Se­nate adopts 139 Rec­om­men­da­tions

Pakistan Observer - - INTERNATIONAL -

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

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.