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NA passes Finance Supplementary Bill 2019

NA passes Finance Supplementary Bill 2019
March 6, 2019
ISLAMABAD (92 News) – The National Assembly (NA) on Wednesday passed “The Finance Supplementary (Second Amendment) Bill, 2019” with majority vote amid rumpus and walk-out by the opposition. The bill envisaged revolutionary incentives and measures to encourage investment, exports, ease of doing business and strengthen important sectors of the national economy. Finance Minister Asad Umar has expressed the resolve that the government will make every decision in the best interest of the people of Pakistan to ensure peace and development.
Asad says govt will accept condition for IMF package
Winding up debate on “the Finance Supplementary (Second Amendment) Bill, 2019”, he said the government will accept the condition for an IMF package if it will serve interest of the people.
Foreign Direct Investment remains more than PML-N govt
The finance minister said that Foreign Direct Investment remained 13.3 per cent more than the previous Pakistan Muslim League-N (PML-N) government. He said forty-eight million dollars foreign portfolio investment came to Pakistan during the last two months. Asad Umar said confidence of foreign investors has increased due to prudent economic policies of government which will revamp economic outlook of the country. Earlier today, Prime Minister Imran Khan presided over a parliamentary meeting in Islamabad to devise an effective plan ahead of presenting the proposed amendments in the NA as the opposition leaders are anticipated to stage a strong protest against the government on certain matters. Federal Finance Minister Asad Umar had laid the second Finance Amendment Bill 2019 before the National Assembly on January 23, 2019, a mere four months and five days after he introduced the first finance supplementary amendment bill 2019 to the lower house on 19 September 2018. Earlier, Senate Standing Committee on Finance has completed its debate on the bill and the Senate has approved its recommendations. Today, the government is likely to table the bill in the NA.