Wednesday, 14 October 2015

National Assembly approved finance bill 2015-2016, NA passed finance bill 2015-2016

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National assembly approved finance bill 2015-2016 of Pakistan:

Today 23 June National assembly has approved finance bill 2015-2016 of Pakistan. Finance minster Ishaq Dar brought finance bill 2015-2016 of Pakistan. The national assembly approved the finance bill  2015-2016 of Pakistan. Other main thing which was seen that opposition parties were not present in the approval of finance bill 2015-2016 of Pakistan.
 It is the first time in history of Pakistan that finance bill was approved in the absence of the opposition parties.
 On the other hand opposition was busy in their conference against electricity issue and protesting against load shedding. In the mean while all members of the government approved the budget 2015-2016 of Pakistan.

Finance bill 2015-2016 of Pakistan will be applicable from the 1st of July of 2015.

The approximated finance bill is about 24 trillion and 63 billion rupees.
Budget shortage is estimated about 19 trillion and 88 billion rupees.

The part of the provinces from the Income obtained from the taxes is about 18 trillion and 49 billion.

In the finance bill 2015-2016 of Pakistan 248 billion rupees have been planned for the energy sector for the removal energy crisis in the country.

Govt. has planned to allocate 7.5 % for the allowance of adhoc. In other words for adhoc relief allowance. This adhoc based relief allowance have been allocated in the finance bill 2015-2016 of Pakistan regarding pay salaries and pentions of the Govt. employees.

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