The National Assembly on Friday passed the Finance Bill 2018-19 after incorporating proposals given by lawmakers, reported Radio Pakistan.

The basic structure of the budget remains the same as announced by Finance Minister Miftah Ismail on April 27, the report read.

The NA passed the budget through a voice vote amid slogans by the opposition members.

The finance minister expressed his gratitude over the passage of the budget and termed it a step towards economic stability.

Read: BUDGET 2018-19: A pleasant surprise for investors

He said that the Federal Board of Revenue would have the powers to investigate anyone receiving more than Rs10 million in foreign remittances. The sender, he said, would also have to disclose the source of his income.

The minister said that only tax filers would be allowed to open and maintain foreign currency accounts in the country.

During a budget debate in the house on Thursday, Leader of the Opposition Syed Khursheed Shah had said that the opposition had rejected the budget proposals, especially the tax amnesty scheme and petroleum levy which, according to him, would play havoc in the country once the budget was passed by the National Assembly.

Shah and another Pakistan Peoples Party (PPP) leader Syed Naveed Qamar termed the amnesty scheme a “move to facilitate the already rich people and further suppress the poor”.

“If relief is given to tax evaders, what crime has been committed by the taxpayers who have not been facilitated in the budget,” Shah said.

Sahibzada Tariq Ullah of the Jamaat-i-Islami, Sarwar Khan of the Pakistan Tehreek-i-Insaf, Syed Ali Raza Abidi of the Muttahida Qaumi Movement had also criticised the budget.

Opinion

Story of the last tamarind leaf
Updated 22 Jun 2021

Story of the last tamarind leaf

These journalists speak for all the troubled features of India’s democracy that Mr Modi didn’t tell the G7 about.
Understanding abuse
Updated 22 Jun 2021

Understanding abuse

Condemnations have been rare while there is no debate on the prevalence of such abuse beyond the Mufti Azizur Rehman case.
The roots of hate
Updated 21 Jun 2021

The roots of hate

The reference to being ‘out-populated’ is a popular theme in modern neo-Nazi and white supremacist thought.

Editorial

Describing OBL
22 Jun 2021

Describing OBL

FM Qureshi’s non-committal reply to question about Osama being a terrorist or a martyr has sent the wrong message to the world.
22 Jun 2021

A neglected sector

THE PTI legislators joined forces with opposition lawmakers in the National Assembly the other day to take their own...
22 Jun 2021

Air safari

THE resumption of PIA’s air safari flights to Skardu will hopefully attract international and domestic tourists,...
Poll consensus
Updated 21 Jun 2021

Poll consensus

If the govt is reluctant to take part in an APC on poll reforms, then it must ensure that parliament can be used for this purpose.
21 Jun 2021

Global displacement

THE number of globally displaced persons shared by the UN’s refugee agency in a report released on Friday is...
21 Jun 2021

KP budget

THE KP budget 2021-22 is a sort of please-all document that hands out something to almost everyone in the hope of...