Opposition enraged as Govt tables supplementary finance bill

The federal government on Thursday tabled the much-awaited supplementary finance bill — termed by the opposition as a “mini-budget” — in the National Assembly (NA) while the opposition staged a vehement protest and chanted slogans.

According to the details, a meeting of the NA was held under the chairmanship of Speaker Asad Qaiser where Federal Minister for Finance Shaukat Tarin presented the Supplementary Finance Bill 2021 for approval. The vote was challenged by the opposition, on which the counting process began.

The Pakistan Tehreek-e-Insaf (PTI) led federal government also tabled the State Bank of Pakistan (Amendment) Bill 2021 in the assembly for approval.

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Pakistan Muslim League-Nawaz (PML-N) MPA Khawaja Asif said that he was selling Pakistan’s economic sovereignty by silencing the opposition and the people of Pakistan. Addressing the Speaker, he said that this day will go for this parliament and your seat as a day in our history on which the nation will be ashamed of what parliament is doing.

Furthermore, he added that the Pakistan Tehreek-e-Insaf (PTI) government is restoring the ordinance that has been obsolete, which is unconstitutional.

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Leader of the Opposition in the National Assembly Shehbaz Sharif and Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari remained absent from today’s all-important parliament session.

The government has introduced the supplementary finance bill to meet certain conditions set by the International Monetary Fund (IMF). It needs to pass the bill before January 12 when the IMF Executive Board will give the final node to a $1 billion loan tranche for Pakistan.

Under the deal with the IMF, the government has revised its tax revenue target from Rs 5,829 billion to Rs 6,100 billion.

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