Tag: Mini-budget

  • ‘Govt will be removed in a democratic way, will take to streets on February 27’: Bilawal Bhutto

    ‘Govt will be removed in a democratic way, will take to streets on February 27’: Bilawal Bhutto

    Pakistan People’s Party (PPP) chairperson Bilawal Bhutto-Zardari has said that the government forcibly passed the anti-people mini-budget in ‘the dark of night’.

    Talking to the media along with former Prime Minister (PM) Yusuf Raza Gilani, Bilawal Bhutto said that they protested inside and outside the Parliament against the mini-budget. They were promised that tax will not be imposed on a few items, but that was false as well.

    “The people of Pakistan are demanding that we take to the streets against this government and our CEC has decided that we will take to the streets on February 27,” added Bilawal.

    Bilawal Bhutto further said that they had talked about removing the government in a democratic way and also talked about a no-confidence motion.

    The PPP chairperson further said that the mini-budget was also passed in the dark of night and the State Bank of Pakistan (SBP) bill was also forcibly passed by parliament, after which the SBP will no longer be accountable to parliament.

  • Finance minister says no option but to ask for IMF’s help, NA passes mini-budget

    Finance minister says no option but to ask for IMF’s help, NA passes mini-budget

    The National Assembly (NA) on Thursday passed the Finance (Supplementary) Bill, 2021, termed widely as a “mini-budget”, despite vociferous protests by the Opposition over rejection of their proposed amendments and disagreement over the vote count. The Pakistan Tehreek-e-Insaf (PTI) led coalition government bulldozed 16 pieces of legislation.

    The approval of the supplementary finance bill was necessary to ensure Pakistan’s sixth review of the $6 billion Extended Fund Facility (EFE) gets cleared by the IMF’s Executive Board which is scheduled to meet later this month to decide the disbursement of the $1-billion tranche.

    The prime minister, who generally only attends parliamentary sittings at crucial junctures, remained in the house for most of the session’s duration, which lasted until midnight.

    Opposition Leader Shehbaz Sharif, Pakistan Peoples Party (PPP) chairman Bilawal Bhutto-Zardari and former president Asif Zardari also remained in the assembly for most of the session. They initially left the house after the first vote on the amendment but rushed back to their seats when the speaker ordered another physical vote on the opposition’s demand.

    In the amended bill, the government rolled back its plan to impose additional sales taxes on children’s formula milk, bread, and small cars. It also withdrew the proposal to impose taxes on laptops and computers.

    The government’s amendments to the proposed bill were approved by the NA. The changes include:

    No general sales tax will be imposed on a 200-gram carton of milk.

    A 17 per cent GST will be imposed on formula milk worth Rs500.

    Tax on imported vehicles has been increased from 5 per cent to 12.5 per cent.

    The federal excise duty on all imported vehicles will remain unchanged.

    A 2.5 per cent duty will be charged on locally manufactured 1,300 cc vehicles, which was previously around 5 per cent.

    Duty on locally manufactured 1,300 to 2,000cc cars was also reduced to 5 per cent from 10 per cent.

    A 10 per cent duty will be imposed on locally manufactured cars greater than 2,100 cc.

    No sales tax will be imposed on iodised salt and red chilies.

    Opposition members made an attempt to disrupt proceedings by pointing out quorum, but the chair hastily called for presentation of the bills one after the other, reports Dawn.

    The Opposition also protested the non-laying of Senate recommendations on the finance bill before the house for consideration, with Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal terming it an “insult to the Senate”.

    “If you suspend the rules and bulldoze the bill in the darkness of the night, your name will go down in history among those who conspired to sell the country’s economic sovereignty,” he said.

    “Why are we giving an impression that we are doing it on gunpoint,” asked PPP’s Syed Naveed Qamar.

    Bilawal termed the SBP Bill a threat to national security and questioned why the government was making it binding to have only one bank account for defence expenditures. By doing so, he said they were providing an opportunity to world powers to scrutinise the country’s defence budget and its nuclear programme which, he added, could be the next target.

    “Your prime minister has been installed to destroy Pakistan politically and economically,” said Asad Mehmood of the Jamiat Ulema-i-Islam (JUI-F).

    Shedding light on the criticism regarding the supplementary bill being the “International Monetary Fund (IMF) bill”, Finance Minister Shaukat Tarin said that during the previous government’s tenure, 13 agreements were signed with the Fund.

    “They [the Opposition] are saying that IMF has destroyed the economy of Pakistan, while they went to the IMF in their tenures as well,” he said.

    Tarin further said that the PTI government is being accused of “mortgaging country’s sovereignty”; however, the government was forced to approach the IMF.

    “We had no other option but to ask for IMF’s help,” he reiterated.

    However, Defence Minister Pervez Khattak seemed to lose his patience with the process and, at one point, asked the speaker to ignore the opposition and “bulldoze” the bills through.

  • No PTI minister present in front row of Parliament, Opposition lashes out at non-seriousness of govt

    No PTI minister present in front row of Parliament, Opposition lashes out at non-seriousness of govt

    Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Asif took to Twitter to lash out at the ruling Pakistan Tehreek-e-Insaf (PTI) and said, “The ongoing session of the Assembly, which has been called to pass the catastrophic budget and the State Bank of Pakistan’s (SBP) slavery bill, is currently suspended due to lack of quorum.”

    “Neither the government has its members beside it nor its allies,” tweeted Asif, adding, “How will both, the budget and the SBP’s bill will get passed.”

    “No minister is present in the front row,” said Asif.

    Meanwhile, Pakistan People’s Party (PPP) Chairperson Bilawal Bhutto-Zardari during his speech in the National Assembly (NA) on Tuesday lamented how the ruling Pakistan Tehreek-e-Insaf (PTI) has imposed taxes on the people of Pakistan. He further said that PTI was bringing a “tsunami of taxes” through the mini-budget.

    He also criticised the government over the SBP Amendment Bill 2021, which was approved by a National Assembly panel on Monday, saying that the IMF had demanded the central bank’s autonomy during the eras of PPP and PML-N as well but neither party had agreed.

    He said Leader of the Opposition in the National Assembly Shehbaz Sharif had talked about a national dialogue on the country’s economy but the government refused because of its “stubbornness”.

    PML-N’s Rana Sanaullah pointed out the lack of quorum as the opposition walked out in protest over the absence of Finance Minister Shaukat Tarin. The session was subsequently suspended for a short while.

    When the opposition returned, Federal Minister for Energy Hammad Azhar defended the government’s economic performance and blamed its predecessors for the country’s financial problems.

  • Bilawal in Parliament says not expected from a player like Imran Khan to impose taxes on condoms

    Pakistan People’s Party (PPP) Chairperson Bilawal Bhutto-Zardari during his speech in the National Assembly (NA) on Tuesday lamented how the ruling Pakistan Tehreek-e-Insaf (PTI) has imposed taxes on the people of Pakistan.

    Talking about a list of items on which the government-imposed taxes, Bilawal said that the people of Pakistan are in pain. He said, “It is always said [by the goverment] that Pakistan does not have inflation, this is not based on reality. If you see the statistic, Pakistan has the most inflation as compared to Afghanistan, Bangladesh, and India.”

    Asking for the Speaker’s attention, Bilawal said, “Speaker Sahib, tax on contraceptives has been imposed as well.”

    “It was not expected from a khiladi [player] like [Prime Minister (PM)] Imran Khan to impose a tax on contraceptives as well,” said Bilawal.

    “Sir, contraceptives are not a laughing matter. There is a population explosion in regions of Bangladesh, Pakistan, and India. You [PM Khan] are not even providing basic needs to the [people] in terms of food, sufficient jobs, education, and health. The entire world is supporting this sector and you are imposing a tax on contraceptives,” said Bilawal.

    The PPP chairman further said, “There is a crisis of HIV and AIDS, which is not being informed to the people. This a very serious matter.”

    “Through this mini-budget, by imposing a tax on contraceptives, you have proved to the nation that Imran Khan Sahib has imposed a tax on everything and did not leave [contraceptives] out of it. Khan Sahib is imposing a tax on an infant’s food, milk this is a direct hit on the weakest class in our society. You [Imran Khan] have literally snatched food from a child’s mouth.”

    “You are damaging women’s empowerment. You are damaging the right of choice and independence of women,” said the PPP leader.

    “Both your [Imran Khan] decisions [to impose a tax on contraceptives and milk, food products of infants] will have historic damage,” said Bilawal Bhutto.

    However, it is pertinent to mention here that the most common contraceptives that are available in the market which are being taxed are condoms.

  • Opposition confused? Bilawal plans February protest in Islamabad, Maulana in March

    Opposition confused? Bilawal plans February protest in Islamabad, Maulana in March

    The season of ‘the long march’ is back on in Pakistani politics. Pakistan People’s Party (PPP) chairman Bilawal Bhutto-Zardari on Thursday announced that he will lead a “long march” against the Pakistan Tehreek-e-Insaf (PTI) government from Karachi to Islamabad on February 27.

    Addressing a press conference in Lahore, Bilawal said that the nation wants to get rid of the “selected” government and a transparent election is the only solution.

    Bilawal lashed out at the government and said that their “intentions are clear to get it approved by force” in Parliament.

    Terming the “mini-budget” as an “anti-state bill”, the PPP chairman said that we will protest in front of the Parliament House on the day voting is held.

    Contrary to the PPP, the Pakistan Democratic Movement (PDM) is determined to hold a long march on Pakistan Day, March 23.

    The Opposition alliance pledged to reach Islamabad on March 23 and warned the authorities against any attempt to use force to prevent the marchers from entering the federal capital. The announcement was made by Maulana Fazal-ur-Rehman, president of PDM, in December 2021.

    While talking to the media and PPP’s former alliance with the Opposition’s PDM, Bilawal said that PPP is not a part of PDM anymore.

    “Now it is up to them whether they resign from parliament or not,” he said, adding, “PDM has not consulted with us on its long march against PTI.”

    Reportedly, Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz is yet to decide whether she will be marching along with Maulana or not.

  • ‘Tell people there is no inflation’: PM satisfied with economy, says he is ‘brand’ of the party

    ‘Tell people there is no inflation’: PM satisfied with economy, says he is ‘brand’ of the party

    Prime Minister (PM) Imran Khan on Monday asked his party Pakistan Tehreek-e-Insaf (PTI) spokespersons to inform the masses that there is no inflation in the country, as he expressed satisfaction over the economic team’s performance, reports The News.

    “We had inherited a ruined economy,” he said while hinting at the Opposition while chairing a meeting of the government and party spokespersons to discuss the national economy.

    Finance Minister Shaukat Tarin briefed the meeting. He assured that inflation has come down in December as compared to November and next month inflation will come down further as global commodity prices are declining.

    The premier directed that the statistics of the economy should be made public and asked his party to inform the people about the reduction in inflation next month.

    He told his party members that their prime minister was “their brand”, as he advised them to not let the Opposition dominate the political environment.

    “Your leader is not like those of the Opposition. The Opposition defends its dacoit, thief, and corrupt leaders,” he added.

    Despite the reassurances the inflation is growing at an alarming rate as earlier this month, the government increased the prices of petroleum products by Rs4 per litre.

    Last week, through the mini-budget 17 percent Good and Service Tax (GST) has been imposed on mobiles and multiple imported food items.

  • Video: Female MNAs physically fight during the mini-budget session

    The ruling Pakistan Tehreek-e-Insaf’s (PTI) and Pakistan People’s Party (PPP) lawmakers got involved in a physical fight during the National Assembly’s session at the time of the presentation of the controversial finance bill i.e. mini-budget.

    In a video, PTI’s Ghazala Saifi and PPP’s Shagufta Jumani can be seen shouting and pushing each other when the protesting opposition members had gathered in front of the seats of ministers.

    However, immediately after that the members of the treasury and the Opposition separated the two members of the National Assembly.

    PTI’s Saifi issued a statement claiming that she had got her thumb fractured. She said, “I am appalled at the way Shugafta Jumani has conducted herself. To behave in such a way, in a space which has such specific codes of ethics, a place for us to voice the concerns of the people we represent, for it to be reduced to this sort of brawl-like behaviour should be a cause of intense shame for Ms Jumani.”

    On the contrary, according to PPP’s Jumani and other party members, Jumani was attacked by Saifi and she only retaliated.

    PPP MNA Raja Pervez Ashraf said that Jumani had come to him complaining that a PTI lady had attacked her. He claimed that she also received a minor injury and termed the incident unfortunate, reports Dawn.

  • ‘Stationery, makeup, mobiles’, mega price hikes set through mini-budget

    Through the mini-budget, the government plans to roll back tax exemptions worth Rs350 billion which will result in several items getting expensive, reports Samaa.

    The budget and the State Bank of Pakistan (SBP) Autonomy Bill are set to be tabled on Thursday in Parliament. According to officials, these changes are being done at the demands of the International Monetary Fund (IMF).

    Mobile phones, stationery items, packaged foods and makeup items are likely to get expensive as tax exemptions would be withdrawn after almost two months of its implementation.

    The tax on the import of luxury items will also be raised. However, prices of several items are likely to remain unchanged i.e. food items and medicine. A temporary or permanent ban or hiking sales tax from 12.5 percent to 17 percent on imported vehicles is also proposed.

    The tax collections target for the coming year is also being raised to Rs6100 billion from Rs5829 billion.

    Earlier, it was reported that government might pass the budget through a presidential ordinance. But IMF rejected this government’s proposal and insisted on legislation through the Parliament. 

    The exemptions need to be reverted before the IMF’s executive board meeting on January 12.