Saturday, December 9, 2023

PML-N Request MQM-P To Against the Mini-Budget

A delegation from the Pakistan Muslim League-Nawaz (PML-N) led by the party’s general secretary, Mr. Ahsan Iqbal, paid a visit to the Muttahida Qaumi Movement – Pakistan (MQM-P) headquarters in Bahadurabad.

A range of problems, including the recently introduced finance supplementary bill also known as the mini-budget, rising inflation, the Sindh Local Government Bill, and other political matters were discussed at the conference.

As part of the meeting, the PML-N delegation requested support for opposition parties to prevent the passage of the recently tabled finance supplementary bill, 2021, from parliament, according to sources. The MQM-P, which is an ally of the ruling Pakistan Tehreek-e-Insaf (PTI), declined the request, according to sources.

The PML-N panel included former interior minister Ahsan Iqbal, former finance minister Miftah Ismail, former governor of Sindh Zubair Umar, and PML-N Sindh President Shah Muhammad Shah, as well as other senior party officials.

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Party convener Dr. Khalid Maqbool Siddiqui was among those who traveled with the MQM-P group, which also included Senator Faisal Sabzwari, Kunwar Naveed Jameel, and members of the Rabita Committee.

Mini-Budget 2021:

Earlier this week, the federal government introduced Finance (Supplementary) Bill 2021, which is commonly referred to as a “mini-budget” in the Senate.

The finance measure was introduced by Finance Minister Shaukat Tarin in the midst of a raucous opposition demonstration.

The finance supplementary bill, also known as the mini-budget, which was already introduced in the National Assembly proposes amendments to the income tax, sales tax, and federal excise duty in order to impose taxation measures worth Rs375 billion and to withdraw the Rs343 billion sales tax exemption. The bill was already introduced in the National Assembly.

In the mini-budget, traders and businessmen have urged the government to repeal the 17 percent sales tax levied on mobile phones, which was enacted in 2012.

The Finance (Supplementary) Bill 2021 and the State Bank of Pakistan (SBP) Amendment Bill 2021 were introduced in the National Assembly last week by Finance Minister Shaukat Tarin.

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