HomeTechnologyPresident Dr. Arif Alvi approved the Finance Amendment Bill

President Dr. Arif Alvi approved the Finance Amendment Bill

President Dr. Arif Alvi approved the Finance Amendment Bill

President Dr. Arif Alvi approved the Finance Amendment Bill

ISLAMABAD: President Dr. Arif Alvi has approved the Finance Amendment Bill.

The President has given approval under Article 75 of the Constitution. On January 13, the National Assembly passed the Finance Amendment Bill clause by clause.

The House rejected the opposition’s proposed amendments. On the occasion, Finance Minister Shaukat Tareen had said that he was not imposing new taxes and was only documenting the economy. He said that out of Rs. 343 billion, Rs. 273 billion should be returned in rebate.

He said that his tax has never gone up to 18 to 20 percent of GDP, the opposition does not want the economy to be documented, because it will have to pay taxes.

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