Pakistan News

NA Session: NA passes Finance Supplementary Bill amid opposition protest

ISLAMABAD: The National Assembly on Wednesday unanimously approved “The Finance Supplementary (Second Amendment) Bill, 2019” and turned down amendments proposed by the opposition parties.

 

The opposition created ruckus in the House after rejection of the amendments and subsequently staged a walkout.

 

The bill envisaged revolutionary incentives and measures to encourage investment, exports, ease of doing business and strengthen important sectors of the national economy.

 

Speaking on the floor of the House, Finance Minister Asad Umar every stake holder must work together to fix the ailing economy. “The current state of economy and how it was treated in the last 10 years is before everyone,” he said.

 

Umar expressed resolve that the government would make every decision in the best interest of the people of Pakistan to ensure peace and development.

 

He said the government will accept the condition for an IMF package if it will serve interest of the people.

 

The ministersaid Foreign Direct Investment remained 13.3 percent more than the previous PML-N government.

 

He said $48 million foreign portfolio investment came to Pakistan during the last two months.

 

Assad Umar said confidence of foreign investors has increased due to prudent economic policies of government which will revamp economic outlook of the country.

 

The finance minister said the opposition focused more on rumpus instead of seriously taking part in the proceedings. “They make explosive speeches, but don’t put up any suggestion.”

 

He admitted that inflation was prevailing in the country and a debate should be held on it.

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