AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

The Punjab Assembly on Wednesday passed the Finance Bill 2019 with only one amendment regarding withdrawal of sales tax on intercity AC buses in a bid to provide relief to the people. The schedule of authorized expenditure for the year 2019-20 was laid in the House. It gave extension to the ordinances through motion under rule 127 of the rule of procedure of the Punjab Assembly which includes: The Provincial Employees Social Security (Amendment) Ordinance 2019 (1 of 2019), The Punjab Zakat and Ushr (Amendment) Ordinance 2019 (11 of 2019), The Punjab Khal Panchayat Ordinance 2019 (111 of 2019) and The Punjab Land Revenue (Amendment) Ordinance 2019 (IV of 2019).
The House also passed a resolutions under 128 (2) (a) of the constitution for extending the Provincial Employees Social Security (Amendment) Ordinance 2019 (1 of 2019) promulgated on 16 April 2019 for a further period of 90 with effect from July 2019, extending the period of validity of Punjab Zakat and Ushr (Amendment) Ordinance 2019 (11 of 2019) promulgated on 18 April 2019 for a further period of 90 days with effect from 17 July 2019, extending the Punjab Khal Panchayat Ordinance 2019 (3 of 2019) for a further period of 90 days promulgated on 22 May 2019 with effect from August 20, 2019, and extending the period of validity of Punjab Land Revenue (Amendment) Ordinance 2019 (iv of 2019) for a further period of 90 days promulgated on 12 June 2019 with effect from 10 September 2019.
The Punjab Water Bill 2019 and The Punjab Sentencing Bill 2019 were introduced in the House while the Punjab Alternate Dispute Resolution Bill 2019 (Bill No 13 of 2019) was pended by the speaker.
Chief Minister Punjab Sardar Usman Buzdar was present in the House on the occasion of the passage of Finance Bill 2019. Opposition leader in Punjab Assembly Hamza Shahbaz remained absent from the House during the passage of Finance Bill.
Punjab Law Minister Raja Basharat while talking to media outside Punjab Assembly congratulated the people of Punjab on the passage of budget 2019-20. He said opposition claimed on the start of the budget session that they will not allow the passage of budget. He also said that opposition is so weak that during the passage of Finance Bill opposition parties did not even raise a slogan against the bill.
The opposition claimed that this was not the pro-poor budget but they did not raise the slogan in favor of poor people of the province and the bill was passed just in 15 minutes.

Copyright Business Recorder, 2019

Comments

Comments are closed.