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Lawmakers extol budget, term it well balanced

byCustoms Today Report
07/06/2015
in Business
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ATTOCK/MUZAFFARGARH: Several federal, provincial ministers and lawmakers have termed the federal budget well-balanced and appreciated the government for giving importance to the energy sector.

Minister for Parliamentary Affairs Sheikh Aftab Ahmed said that defence budget had been increased by 11 percent while keeping in view the energy crisis Rs68 billion had been allocated for Diamir, Bhasha and Dasoo dams.

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He said to complete additional tasks of Pak China Economic Corridor Rs58 billion had between allocated. He added that 30,000 tube wells would be converted on solar system. He said that funds for Income Support Programme and PBM have been enhanced to ensure benefit to the deserving poor while giving tax free waiver to KPK industry was a good omen and will help improve revival of the industry in the terror hit province.

PML-N leaders and MNAs from Muzaffargarh including Hamad Nawaz Khan Tipu, Kaswar Kareem Langrial, Mian Alamdar Qureshi, Malik Sultan Mehmood Hinjra and Sardar Abbad Doghar have stated that the government tried to present a balanced and people friendly budget which is focused on providing maximum relief to the common man.

They said the tax rate has been increased only on the products which fall under the category of luxury items. He said the country needs ample financial resources to ensure socioeconomic development and betterment of the people.

They said the government had achieved many economic successes during its tenure and was working on a number of projects to improve the economy.

Minister Social Welfare Makhdoom Haroon Sultan Bokhari said that the economy had improved during the past two years because of prudent economic policies. He said the present government had been making efforts to overcome the challenge of power shortage as many power projects were underway in this regard.

He said the government had also tried to provide relief to overseas Pakistanis. MPA Malik Ahmed Yar Hinjra hailed the increase allocation for the education sector in the budget. He said Rs20 billion was allocated for 143 projects of Higher Education Commission besides allocating Rs51 billion for the current expenditures.

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