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ISLAMABAD, (MANEND NEWS):Federal Minister for Information Fawad Chaudhry informed on Thursday that the cabinet had given approval for the finance bill, or the mini-budget, adding that the bill will now be presented in the National Assembly session being held today.
Earlier in the day, the information minister had tweeted that the bill was to be presented before a special committee of the cabinet for approval, following which the Pakistan Tehreek-e-Insaf and its allies will hold a parliamentary meeting before the NA session.
A day earlier, the joint opposition had rejected the PTI-led government’s plan to introduce the supplementary finance bill or mini-budget, vowing to vehemently resist it in parliament.
Taking the floor of the NA, PML-N’s Khawaja Asif said the country was surrendering its economic sovereignty through the supplementary finance bill and the State Bank of Pakistan (SBP) Amendment Bill, 2021.
PPP MNA Raja Pervez Ashraf also voiced his concerns over the government’s plan to introduce a mini-budget.
“Inflation, unemployment and the shortage of gas and other commodities have already ruined the lives of the people of the country,” he claimed.
“Now, if a mini-budget is on the cards that would increase their [peoples’] difficulties, then everyone sitting in the House should resist the move.”
The federal cabinet had on Tuesday deferred the approval of Rs360 billion mini-budget for the second time in a week amid strong criticism against the Ministry of Finance due to increasing inflation.
Some cabinet members from Khyber-Pakhtunkhwa objected to bringing the mini-budget after the Pakistan Tehreek-e-Insaf faced defeat in the local bodies’ elections.