ISLAMABAD: Pakistan’s Minister for Finance Muhammad Aurangzeb on Wednesday laid the Finance Bill 2024 in the Senate, as required as per Article 73 of the Constitution. The proposed Finance Bill, containing key financial proposals, was officially submitted to the Senate for consideration and detailed review.
During the sitting, the Finance Minister invited the members of the Senate to provide their suggestions on the Finance Bill, which will be forwarded to the National Assembly of Pakistan for consideration.
Chairman Senate Syed Yousuf Raza Gilani also sought the suggestions of members on the Finance Bill 2024 containing the annual budget statement by June 14 but latest by noon and no suggestions would be entertained after that. It was also asked to submit an official report to the Standing Committee on the Finance Bill.
The recommendations about the Finance bill shall be sent to the Committee on Finance while suggestions pertaining to PSDP to the Standing Committee on Planning, Development and Special Initiative.
The Senate Committee on Planning, Development and Special Initiative shall examine the recommendations about PSDP and forward it to the Standing Committee on Finance and Revenue by June 21, he stated.
The Finance and Revenue Committee shall submit its suggestions to the House on June 24. The Finance Bill 2024 also holds substantial significance as it encompasses crucial financial policies and steps that will shape the nation’s economic landscape.
The presentation of the Finance Bill 2024 in the lower house of parliament marks a significant milestone in the budgetary process, highlighting the government’s commitment to transparency and accountability.
