Senate approves recommendations on Finance Bill 2019-20

ISLAMABAD: The Senate on Monday unanimously approved 154 recommendation out of 174 as reported by the Senate Standing Committee on Finance, Revenue and Economic Affairs.

The recommendations were moved by Chairman of the committee Senator Farooq Naik in the House which were adopted by the house unanimously.

The Upper House approved the recommendations by Senator Kalsoom Parveen to give 10% of basic salary as ad-hoc relief to all federal government employees of grade 17 and above and  20% to the employees of up to grade 16.

The Senate also approved the recommendation to give tax exemption for all salaried people, earning up to Rs 90,000 per month.

The Senate also approved the recommendations to allocate Rs 750 million for Naltar-Gilgit power plant, Rs300 million for Naltar Expressway, Rs302 million for Harpo power plant, Rs 200 million for 50-bed cardiac hospital, Gilgit, Rs 750 million for Karagah energy corridor roads, Rs 2.7 billion for Medical College Gilgit, and Rs 500 million for Women University,  KIU Gilgit.

The Senate of Pakistan recommended to the National Assembly that to make the ratio of sales tax from 17pc to 16pc.

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