ISLAMABAD: After compilation of proposals and recommendations provided by the members of both Upper and Lower houses and Senate’s Standing Committee on Finance as discussed during the different sessions of debate over the next budget, Federal Board of Revenue has finalised the Finance Bill 2014-15.
Sources said that the proposals and recommendations of the Finance Bill have reached the Finance Minister Ishaq Dar’s table. The final decision to include Senate’s recommendations into the bill will be taken by the Prime Minister after the briefing of the finance minister in this regard.
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FBR Chairman Tariq Bajwa was scheduled to brief the PM on June 16 which he could not do because the PM was occupied. Later on, the chairman briefed the finance minister instead of PM.
The chairman, during his briefing, informed Ishaq Dar about the consequences for national exchequer in case of Senate’s recommendations and amendments attached to the Finance Bill.
After its approval by the Prime Minister the Finance Bill is expected to be approved by the Parliament on Wednesday, June 18.
It is pertinent to mention here that FBR has not introduced any amendment in the budget by itself.
