News Column

NA passes federal budget for next financial year

June 22, 2014



The National Assembly has passed the federal budget for the next financial year. The House adopted some amendments moved by Finance Minister Ishaq Dar.

It, however, rejected a number of amendments moved by the opposition members. After the passage of the bill, the Finance Minister congratulated the National Assembly, Senate and the people of Pakistan on the passage of the Bill.

He thanked all the parties particularly the leader of the opposition Syed Khurshid Shah for extending support in the passage of the Bill. He said productive discussion was held on the budget and we adopted several proposals given by the Senate and the members of the National Assembly. Finance Minister said Pakistan's foreign exchange reserves have now reached 14.2 billion dollars. Earlier, replying to points raised by Sheikh Rashid Ahmed and Dr. Azra Fazal, the Finance Minister said the appointments in different departments are being made on merit in accordance with the law and rules.

He said the Prime Minister has already said that the loadshedding will end during the tenure of the government. The Finance Minister said the major focus of the budget is on the people living below poverty line.

He said the government prepared the budget in consultation with all stakeholders and for the first time fifty-two complete or partial recommendations of the Upper House were incorporated in the Finance Bill.

He assured the House that like the outgoing year, fiscal discipline will also be maintained in next year so as to resolve economic challenges of the country. He announced three months honorarium for the staff of National Assembly and Senate.

The Finance Minister said he would recommend to the Information Ministry to grant honorarium worth two months of salary to those employees of the Ministry and attached departments who worked in connection with budget session.

The National Assembly also passed 111 supplementary demands for grants for the outgoing financial year. The House approved supplementary demands for grants for three other previous years.

The House unanimously passed a resolution condemning the attack on the Member National Assembly of MQM Tahira Asif on the 18th of this month in which she was injured and later succumbed to injuries.

The resolution demanded of the Punjab government to arrest the culprits involved in this heinous crime and punish them.

The House also passed a unanimous resolution paying homage to the former Prime Minister Shaheed Mohtarma Benazir Bhutto on her birthday today for her struggle for promotion of democracy and showing courage in fight against terrorism.

Through another resolution, the National Assembly extended Federal Judicial Academy Ordinance 2014, for another 120 days. The session has now been prorogued.


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Source: National Herald Tribune (Pakistan)