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| Name | National Assembly approves budget 2024-25 amidst opposition criticism | Pakistan News | Latest News |
| Video Uploader | Video From Express News |
| Upload Date | This Video Uploaded At 28-06-2024 16:38:38 |
| Video Discription | National Assembly approves budget 2024-25 amidst opposition criticism The National Assembly on Friday approved the federal budget of Rs18,877 billion for the fiscal year 2024-25 following the completion of the approval process. During the session, all opposition amendments were rejected unanimously. Prime Minister Shehbaz Sharif, Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari, and Asifa Bhutto-Zardari participated in the proceedings, where the opposition criticised the budget, labelling it as IMF-driven and harmful to the public. Regarding the Petroleum Development Levy reduction, the PPP retracted its amendments, while the opposition's amendments were dismissed by a vote count in the Assembly. Opposition amendments concerning the levy were voted down in the Assembly, with 170 members opposing and 84 supporting the reduction. The prime minister responded to criticisms from PTI Chairman Barrister Gohar and former Speaker of the National Assembly Asad Qaiser regarding project allocations and fund distribution in Khyber Pakhtunkhwa. Member of the Sunni Ittehad Council Junaid Akbar Khan criticized the premier, stating that if their government were to come to power, they would show him the reality of being in jail. Additionally, amendments were passed to empower FBR officers for sales tax audits, allowing them to access necessary records without demanding data older than six years. To strengthen tax enforcement, the FBR will establish a Tax Fraud Investigation Wing in Wang, focusing on preventing tax evasion and fraud, with dedicated legal and accounting units. Minister of Finance Muhamamd Aurangzaib termed the budget 2024-25 as growth budget and said it was based on a well-thought-out strategy to boost the economic growth. He said that the budget for the next fiscal year was aimed at narrowing the fiscal deficit by expanding the government’s revenues and cutting unnecessary expenditures. Muhammad Aurangzaib reiterated the government’s commitment to increasing the tax-to-GDP ratio to 13 percent, which currently stands at a low 9.5 percent. He said that the country had achieved macroeconomic stability. He highlighted that the economic indicators, including the current account, fiscal deficit, inflation, and foreign exchange reserves, were stable and under control. He outlined the government’s plan to continue this economic stability into the next fiscal year, aiming to lead the country towards sustainable economic growth. _______________________________________________________________________________ 🌟 EXPRESS NEWS 🌟 is your ultimate destination for all things news in Pakistan! We cover everything from politics 🏛️ and current affairs 🌍 to business 💼, sports 🏆, international events 🌐, entertainment 🎬, and culture 🎭. With our factual and in-depth coverage 📡, we're your go-to source for breaking news as it happens 🚨. Whether you're chilling at home 🏠 or on the move 🚶, stay connected with Pakistan's most trusted news channel _______________________________________________________________________________ ► Check Out Our Other YouTube Channels! 📺◀ ➽ [Express News](https://www.youtube.com/@ExpressNewspkofficial) ➽ [Express News Headlines](https://www.youtube.com/@NewsHeadlinesExpress) ➽ [Express Analysis](https://www.youtube.com/@Express_Analysis) ➽ [Kal Tak with Javed Chaudhry](https://www.youtube.com/@KalTakwithJavedChaudhry) ➽ [Khabardar with Aftab Iqbal Official](https://www.youtube.com/@KhabardarwithAftabIqbal) ➽ [Koi Dekhe Na Dekhe Shabbir To Dekhe Ga](https://www.youtube.com/@ShabbirToDekheGa) ➽ [Woh Kya Hai?](https://www.youtube.com/@WohKyaHai) _______________________________________________________________________________ ► Follow Us on Social Media! 📱◀ ➽ [Facebook](https://www.facebook.com/expressnewspk) 👍 ➽ [Twitter](https://twitter.com/ExpressNewsPK) 🐦 ➽ [Instagram](https://www.instagram.com/expressnewspk/) 📸 ➽ [TikTok](https://www.tiktok.com/@expressnews_pk) 🎵 ➽ [WhatsApp](https://whatsapp.com/channel/0029VaDUSjX0QeaeQulYmE3r) 📲 _______________________________________________________________________________ ►🌐 Website: https://www.express.pk/ _______________________________________________________________________________ Imran Khan | News | Breaking News | Latest News | News Headlines | Prime Time Headlines | Express News | News Channel | Live News | Breaking News | Latest News | Pakistan Breaking News | Breaking News Today | News Headlines | Headlines News | Pakistan News | Headlines | Live News | News Updates | Express news live | Express Live | Express News Live Streaming | Express News Youtube Channel | Express Channel | Express News Live | Express News | Express News Live TV | Express Live News | Pakistan Politics #Headlines #PakistanNews #ExpressNews #News #ImranKhan #PakArmy #ArmyChief #BreakingNews #PTI #PPP #PMLN #JUI #PakistanPolitics #TopNews #LatestNews #SupremeCourt #NewsUpdate ZMoB6pqlXrk |
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