Senate Unanimously Adopts Various Recommendations To NA For Incorporation In Finance Bill 2022.

ISLAMABAD -- The Senate on Thursday unanimously adopted various recommendations to the National Assembly for incorporation in the Finance Bill 2022.

These recommendations would be sent to the National Assembly that will finally decide whether to be incorporated in the budget for the next fiscal year or not, as the upper house of the parliament has no role over money bill.

Chairman Senate Standing Committee on Finance, and Revenue Senator Saleem Mandviwalla presented his report containing the recommendations on the The house recommended to the National Assembly to increase the salary of Finance Bill 2022 that was adopted by the house.

Government employees in pay scale 1 to 16 than those in higher grades. The house recommended immediate withdrawal of 17pc sales tax on purchase of pharmaceutical raw material. The Senate also recommended to the NA that import of aircrafts and its parts should be exempted from sales tax as neither this sales tax is recoverable nor adjustable.

The house recommended that credits be allowed to businesses and taxpayers engaged in the IT Sector.

The house recommended to the NA that the government should ensure the reduction of sugar content in sodas, juices, energy drinks and iced teas for better human health.

Minister of State for Finance and Revenue Ayesha Ghaus Pasha winding up the budget debate in the house said that the government has agreed to adopt 10 recommendations of the Senate out of total 29 related to income tax, and nine recommendations out of total 21 about sales tax. She said that the recommendations about customs have also been accepted while the general recommendations of the house on Finance Bill would also be taken into consideration At the same time, the minister of state grilled opposition PTI alleging that it was hoodwinking the people over the IMF deal with the government. She said then PTI government had given a commitment to the international lender for increase in fuel prices and tax reforms, stressing that a responsible state has to honour commitments made with the international community.

Ayesha Pasha informed the house that the present government was struggling hard to stabilise the economy despite the gaps left by the last PTI government. She said that the previous government had agreed with the IMF on the reforms of income tax and to increase the prices of fuel and power. 'Despite tough IMF programme, our philosophy is to give relief to the masses.'

She said that subsidies...