Finance Minister Awais Leghari presents Rs3.2tr tax-free Punjab budget

Author: Web Desk

On Wednesday, Governor Balighur Rehman convened the 41st session of the Punjab Assembly (PA) in Aiwan-e-Iqbal. The session was presided over by PA Deputy Speaker Dost Muhammad Mazari, and Provincial Finance Minister Awais Leghari presented the provincial budget for the fiscal year 2022-23.

Punjab Chief Minister Hamza Shehbaz, Sardar Awais Leghari, Malik Ahmad Khan, Khawaja Salman Rafique, Manshaullah Butt, Samiullah Khan, Ali Haider Gilani, Jahangir Khanzada, Sheikh Allauddin, Saif-ul-Muluk Khokhar, Ramzan Bhatti, Bao Akhtar, Bilal Yaseen, Irfan Daultana, Raheela Khadim Hussain, Shazia Abid, Mian Mujtaba Shuja-ur-Rehman, Bilal Tarar, Azma Bukhari, Hina Pervaiz Butt, Tahir Jameel, Malik Waheed, Samiullah Khan and other treasury members attended the session.

Awais Leghari, who presented the budget, announced a total budget outlay of Rs3,226 billion, with total annual development funds of Rs685 billion.

The finance minister announced that Rs31 billion would be allocated for the development of the Southern Punjab region. The minister stated in the budget that no new taxes were imposed in the budget.

Prior to the session, Punjab Chief Minister Hamza Shahbaz presided over a meeting of the ruling Pakistan Muslim League Nawaz (PML-N) parliamentary party, which included members of allied parties.

In his address to the meeting, Punjab Chief Minister Hamza Shahbaz stated that a relief budget would be provided for the people’s convenience.

Hamza Shahbaz reminded PA members of their national duty by ensuring their attendance at the budget meeting.

However, the development comes after the provincial government failed to present the budget for the new fiscal year despite the Punjab Assembly being convened for the purpose for two days, owing to a deadlock with the speaker.

The Punjab Assembly witnessed a daylong drama on Monday when Speaker Elahi refused to hold the session and allow the provincial budget to be presented, demanding that the inspector general of police (IGP) first apologise to him and withdraw all cases filed against PTI and PML-Q workers and parliamentarians in connection with the chaotic April 16 session.

After six hours of back-to-back meetings between the treasury and opposition, followed by brief house proceedings, the speaker took a strong stance against the absence of the chief secretary and the IGP, stating that the proceedings would resume only when both officers were present in the assembly gallery.

Elahi adjourned the session until 1pm on Tuesday, after keeping the proceedings paused until 11 p.m., without allowing the presentation of the province’s budget for the fiscal year 2022-23.

However, when the assembly’s 40th session resumed on Tuesday, proceedings could not resume.

Share
Leave a Comment

Recent Posts

  • Business

Tax evasion to be dealt with iron hand: Khurram Shahzad warns

Advisor to the Finance Minister Khurram Shahzad Friday announced that FBR has collaborated with the…

4 hours ago
  • Business

Short-term inflation up by 0.80%: PBS

The weekly inflation, measured by the Sensitive Price Indicator (SPI), went up by 0.80 percent…

4 hours ago
  • Business

Gold rates dip by Rs.800 per tola

The price of 24 karat per tola gold decreased by Rs.800 and was sold at…

4 hours ago
  • Business

Rupee sheds 9 paisa against dollar

Pakistani rupee on Friday depreciated by 09 paisa against the US dollar in the interbank…

4 hours ago
  • Business

PSX turns bullish, gains 927 points

The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday,…

4 hours ago
  • Business

Expanding tax base not burdening citizens: ACT Alliance

The ACT Alliance Pakistan welcomed the recent announcements by Federal Finance Minister Muhammad Aurangzeb and…

4 hours ago