The government could not present the 26th constitutional amendment for approval in the Senate session even today. The meeting will resume tomorrow at 11 am.
Chairman Yusuf Raza Gilani presided over the Senate meeting in which the twenty-sixth constitutional amendments were to be submitted for approval by the government.
During the session, a resolution was brought to adjourn the question period which was approved. At one point, Chairman St. Yusuf Raza Gilani proposed to adjourn the meeting for one hour, which was supported by Senator Irfan Siddiqui.
Yusuf Raza Gilani said that a meeting is being held and there is also a cabinet meeting. If deemed appropriate, the meeting should be adjourned for up to one hour, however, the meeting was continued and the Deputy Chairman Senate continued to conduct the proceedings of the meeting.
Four wanted terrorists of the banned Tehreek-e-Taliban (TTP) have been arrested in Buner and hand grenades, weapons, detonators and ammunition have been recovered from the possession of the terrorists. Arrested terrorists received training in Afghanistan and Kurram, target killers were instructed by Mufti Sajjad from Afghanistan.
According to DIGCTD, the arrested terrorists received training in Afghanistan and Kurram, Mufti Sajjad used to give instructions to the target killers from Afghanistan. It should be remembered that the involvement of Afghan terrorists in the recent terrorism in Pakistan has also been confirmed.
According to official sources, Afghan terrorists have been involved in illegal activities in Pakistan for a long time and it has been confirmed that Afghan terrorists are involved in recent terrorist incidents in the country.
According to official sources, 14 of the 24 suicide bombers in Pakistan in a few months were Afghans.
According to the sources, 5 terrorists of Tehreek-e-Taliban Afghanistan were involved in the attack in Muslim Bagh on 12 May 2023, 3 out of 5 Afghan terrorists were involved in the attack of terrorists on Zhob Cantt on 12 July 2023, while on 30 January 2023, suicide attackers of Police Lines Peshawar were involved. It was also related to Afghanistan and the suicide bombers in Hangu on 29 September 2023 were also related to Afghanistan.
Sources say that terrorist networks like TTP in Pakistan have the support of Afghan terrorists.
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The lower house of the Pakistani Parliament (National Assembly) has on Friday approved the federal budget for the fiscal year 2024-25 by majority vote.
In the session chaired by Speaker Ayaz Sadiq, the National Assembly approved the federal budget of 18 thousand 887 billion rupees.
The Prime Minister of Pakistan Shehbaz Sharif, Chairman People’s Party Bilawal Bhutto and others also participated in the budget session of the National Assembly, while the opposition said on this occasion that this is a budget prepared by the IMF, which has nothing for the people.
The House has approved the Finance Bill 2024 with certain amendments to implement the Federal Government’s financial proposals for the year commencing July 1, 2024.
Responding to the opposition’s points on Finance Bill 2024, Finance Minister Muhammad Aurangzeb said that the economy has achieved stability.
He expressed the determination of the government to further advance the process of economic stabilization with the aim of driving the economy towards development.
Key features of the budget include a tax revenue target of 13 trillion rupees ($46.66 billion) for the new fiscal year, a 40 percent increase over the current year.
The new taxes include a 48 percent increase in direct taxes and a 35 percent increase in indirect taxes. Non-tax revenue including petroleum levies is expected to increase by 64%.
Capital gains from textiles, leather, mobile phones and real estate are among the sectors most affected by the new revenue measures in the new budget. Meanwhile, the salaried class will pay more direct taxes on their income.
The fiscal deficit target for the new fiscal year has been set at 5.9 percent of GDP. The budget predicts economic growth at 3.6 percent while inflation is expected to touch 12 percent.
In the National Assembly, the provision to increase the rate of taxes on tickets for international air travel was approved.
From July 1, a tax of Rs 12,500 will be applicable on economy and economy plus tickets for international travel.
From July 1, tax on business class and club class tickets for USA and Canada has been approved up to one lakh rupees.
For travel to the Middle East and Africa, a tax of Rs 150,000 will have to be paid on business, first and club class, while a tax of Rs 2,10,000 will be applicable on business, first and club class for air travel to Europe.
Air travel to Far East, Australia and New Zealand will have to pay a tax of Rs 2 lakh 10 thousand on business, first and club class.
The National Assembly passed the government’s tax-laden fiscal bill for the coming fiscal year ahead of further talks on a new International Monetary Fund (IMF) bailout.
Federal Finance Minister Senator Muhammad Aurangzeb presented the budget proposals for the next fiscal year before the National Assembly two weeks ago.
The budget proposals were heavily criticized by the opposition parties in the National Assembly, especially the PTI, as well as the government ally Pakistan People’s Party.
Opposition parties, particularly MPs backed by then-imprisoned former prime minister Imran Khan, rejected the budget, saying it would lead to hyperinflation.
On Tuesday, the People’s Party decided to vote in favor of the Finance Bill despite some reservations after an initial boycott of the budget debate.
Giving a press briefing after the party meeting, PPP leader Naveed Qamar said that it was decided in the meeting that if the party did not vote for the budget, it would be equivalent to abolishing the government and paving the way for instability in the country. .
Apart from the People’s Party, members of the National Assembly of another ruling coalition partner Muttahida Qaumi Movement Pakistan (MQMP) also expressed their concern over the government’s move to tax the salaried and middle class people and said that The budget will increase inflation in the country.
In the national budget to be presented on July 12, policymakers have set a challenging tax revenue target of 13 trillion rupees for the fiscal year starting July 1, nearly 40 percent higher than the current year.
Pakistan is negotiating with the IMF for a loan of six to eight billion dollars.
The increase in the tax target is made up of a 48 percent increase in direct taxes and a 35 percent increase in indirect taxes over the current year’s revised estimates. Non-tax revenue, including petroleum levies, is witnessing a 64 percent increase.
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Tax on textile and leather products as well as mobile phones will increase to 18 percent, besides tax on capital gains from real estate.
Workers will also face direct tax on income.
The government has projected a narrowing of its fiscal deficit to 5.9 percent of GDP for the new fiscal year, up from a revised estimate of 7.4 percent for the current year.
The central bank has also warned of potential inflationary effects from the budget, saying limited progress on structural reforms to broaden the tax base means that revenue growth must come from tax increases.
The growth target for next year has been set at 3.6 percent while the inflation rate is expected to remain at 12 percent.
Earlier, Finance Minister Senator Muhammad Aurangzeb proposed the increase in levy on petroleum products for approval in the National Assembly.
In the session presided over by Speaker National Assembly Sardar Ayaz Sadiq, amendments in the Finance Bill were presented in the House, which included the amendment to increase the levy imposed on petroleum products.
On the other hand, the opposition also submitted amendments against the Finance Bill and opposed the amendments submitted by the Finance Minister.
The federal government has announced to increase the petroleum levy from the current 60 rupees per liter to 80 rupees per liter in the federal budget of fiscal year 2025, but the government will periodically impose a petroleum levy of 20 rupees per liter.
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Provinces of Pakistan Punjab i Student protests In view of the orders of the provincial government, educational institutions across the province are closed today Pakistan Tehreek-e-Insaf Today has also called for a nationwide protest against the possible constitutional amendment and the imprisonment of Imran Khan.
According to the news agency AFP, the Punjab government today has announced the implementation of Section 144 in addition to keeping educational institutions closed across the province.
The closure imposed on educational institutions will apply to every educational institution from playgroups to universities and will affect the curricular activities of more than 26 million students.
Protests erupted in Punjab’s capital Lahore after allegations of a female student being raped in the basement of the women’s campus of a private college surfaced.
However, the college administration, the police and the provincial government have said that no affected party has come forward and dismissed the reports as false information spread online.
Despite this denial, the student protest spread to Rawalpindi after Lahore, with students accusing the authorities of covering up the incident.
In response to the protest, Punjab’s education department and home department issued separate notifications on Thursday night, ordering closure of educational institutions and ban on public gatherings on Friday and Saturday.
Although the notifications did not specifically mention the protest against the alleged rape, the students said the shutdown was due to the protests.
Yesterday, there were violent protests in many cities of Punjab, in which there were clashes between students and police, windows of educational institutions were broken and school buses were set on fire.
While according to the administration, more than 380 people who participated in this protest have been arrested and the police is using CCTV footage to identify the protesters involved in the violence. Most of these protests are led by students.
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The provincial government has insisted that the alleged incident of rape never happened, while Group Director of Private Colleges Arif Chaudhry also said in a press conference that no such incident happened.
Continuing to deny the reports, he announced that he would resign if the allegations were proven true.
According to AFP, police have also arrested a security guard who was identified in the online posts.
On the other hand, the Chief Minister of the province Maryam Nawaz Sharif says that those who spread false news will be punished.
While the Punjab Police also asked the parents to keep a close watch on their children and keep them away from any illegal activities or else ‘criminal records may ruin the future of the students.’
Following yesterday’s protests in Rawalpindi, police personnel have been deployed at various locations across the city.
According to a police statement: ‘Police are fully prepared to deal with any law and order situation and vandalism or violation of law under the guise of protest is not acceptable under any circumstances.’
On the other hand, Pakistan Tehreek-e-Insaf also called for a nationwide protest today, the aim of which is to protest against the possible constitutional amendment and the imprisonment of PTI founder chairman Imran Khan.
PTI leader and Chief Minister of Khyber Pakhtunkhwa Ali Amin Gandapur in his video message has appealed to the people of every district and every city of Pakistan to leave their homes for peaceful protest on October 18.
He said in his message: ‘Tomorrow, everyone should come out against the release of Imran Khan and our other leadership and workers and the attitude towards them that they are not even being met and also against the unconstitutional amendment. And to raise the voice.’
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