AGL 38.00 Increased By ▲ 0.06 (0.16%)
AIRLINK 197.50 Increased By ▲ 3.59 (1.85%)
BOP 9.56 Increased By ▲ 0.24 (2.58%)
CNERGY 5.96 Increased By ▲ 0.12 (2.05%)
DCL 8.87 Increased By ▲ 0.19 (2.19%)
DFML 35.65 Decreased By ▼ -0.81 (-2.22%)
DGKC 97.50 Increased By ▲ 4.96 (5.36%)
FCCL 35.30 Increased By ▲ 1.33 (3.92%)
FFBL 89.00 Increased By ▲ 6.70 (8.14%)
FFL 13.21 Increased By ▲ 0.46 (3.61%)
HUBC 127.70 Increased By ▲ 7.09 (5.88%)
HUMNL 13.49 Decreased By ▼ -0.11 (-0.81%)
KEL 5.38 Increased By ▲ 0.16 (3.07%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 45.00 Increased By ▲ 2.89 (6.86%)
NBP 61.90 Increased By ▲ 2.09 (3.49%)
OGDC 215.50 Increased By ▲ 4.33 (2.05%)
PAEL 39.05 Increased By ▲ 1.47 (3.91%)
PIBTL 8.24 Increased By ▲ 0.17 (2.11%)
PPL 192.40 Increased By ▲ 2.08 (1.09%)
PRL 38.57 Increased By ▲ 0.40 (1.05%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 105.98 Increased By ▲ 8.04 (8.21%)
TELE 8.28 Increased By ▲ 0.06 (0.73%)
TOMCL 35.25 Increased By ▲ 0.22 (0.63%)
TPLP 13.40 Decreased By ▼ -0.15 (-1.11%)
TREET 22.29 Decreased By ▼ -0.44 (-1.94%)
TRG 55.99 Increased By ▲ 3.12 (5.9%)
UNITY 33.00 Increased By ▲ 0.04 (0.12%)
WTL 1.62 Increased By ▲ 0.10 (6.58%)
BR100 11,739 Increased By 355.4 (3.12%)
BR30 36,418 Increased By 1206.5 (3.43%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

The Sindh Assembly on Saturday unanimously passed the provincial budget exceeding Rs 658.624 billion for the fiscal year 2013-14, despite opposition parties' rejection of the financial plan. All opposition parties, including MQM, PML-F, PML-N and PTI, rejected the Sindh Finance Bill 2013-14 and staged a walkout in protest. But treasury members said that opposition to the bill was just for "the sake of opposition".
Syed Sardar Ahmed opposed the imposition of property tax and said that it was a discriminatory move, adding that its rate was too high at 25 percent. "Even 20 percent is too high," he said. He complained that the government had not provided members of the opposition parties with copies of the finance bill before the voting. Before walking out of the house, he said that the opposition was against all taxes.
Syed Hafeezuddin of PTI said: "We oppose the attitude [of the treasury members] on the issue." Chief Minister Sindh Syed Qaim Ali Shah, who tabled the finance bill in the assembly, did not accept the opposition's rejection. During the debate, he pointed out that the opposition had not tried to mould the bill in accordance with their demands, adding that the opposition members had not submitted any amendment to the bill. He also pointed that the opposition had ample time to submit their amendments.
According to him, the budget "will not affect the poor", instead it will act as a catalyst for development. Referring to the property tax, he said the provincial government collected the levy on behalf of KMC. He said this was not a provincial tax. After going through the bill clause by clause, the chief minister completed his reading and waited for the result of the voting. All those who attended the session passed the bill unanimously.
The Speaker of the Sindh Assembly declared that the bill had been unanimously passed into law after the opposition avoided participating in the legislation. After the budget was approved, Syed Qaim Ali Shah took the floor again and termed the opposition walkout a sad move. He, however, thanked lawmakers on the opposition and treasury benches for taking part in the entire process.

Copyright Business Recorder, 2013

Comments

Comments are closed.