Senate unanimously adopts a series of recommendations for incorporation in the Finance Bill 2020-21.
ISLAMABAD -- The Senate on Tuesday unanimously adopted a series of recommendations for incorporation in the Finance Bill 2020-21.
The recommendations were furnished by Chairman Standing Committee on Finance by Senator Farooq Hamid Naek.
The House recommended that salaries of government employees be enhanced at least 10 percent. The Senate recommended that the federal government should double the budget for education and health sector. It demanded that budget allocation for ministry of national health services must be enhanced to a minimum of five percent. The Senate recommended granting of tax relief for the manufacturing and supply of Personal Protective Equipment. Budgetary allocations for online education and Higher Education Commission were also recommended by the House.
It demanded that 11 percent cut proposed on the share of provinces in the National Finance Commission award must be revised immediately. It was also recommended that more funds should be allocated for management of rain water reservoirs as well as construction of small dams.
The recommendations say that tobacco must be treated as a crop like wheat, maize, and sugarcane and must be exempted from taxes and duties. However, Federal Excise Duty on cigarettes should be enhanced as per World Health Organization guidelines. The House recommended that custom duties of raw...
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