Senate: (Senate adopts recommendations on Finance Bill 2015-16)

June 16, 2015 Off By Web Desk

ISLAMABAD: The Senate on Wednesday adopted recommendations on the Finance Bill 2015-16. A motion to this effect was moved by Saleem H. Mandviwalla.

Chairman Senate Standing Committee on Finance presented report of the Committee on the proposals for making recommendations on the Finance Bill 2015. The Upper House approved in all 92 recommendations for their incorporation in the budget.

The Senate recommended that an increase of 12.5 percent be made in pay and pensions after the merger of ad-hoc allowances in the basic of all the government employees. It recommended that medical allowance for all government employees along with pensioners be increased by hundred percent. Minimum pension be increased from Rs 6000 to 8000.

It recommended that House Hiring ceiling of government employees be adjusted according to the prevailing rates. The House proposed the government to announce subsidized long-term fixed mark-up loans for setting up of new industrial units in the country. It said that load-shedding of gas and electricity for industrial estates should be stopped forthwith.

It also proposed that a countrywide programme be launched to train farmers in the mechanized farming and for this purpose an initial amount of 500 million rupees be allocated. The Upper House also recommended the withdrawal of GST on fertilizers and pesticides.

Later, the House resumed discussion on the Finance Bill 2015-16. Participating in the debate, Saleem Mandviwalla said the government had made a commitment to complete the Western Route of China-Pakistan Economic Corridor project on priority basis. However, it allocated only thirty billion rupees in the budget for the project. He asked the government to allocate hundred billion rupees for the Western Route.

Earlier, the House admitted an adjournment motion for discussion on allotment of accommodation to government employees in the federal capital.

In his remarks, Minister for Housing and Works Akram Khan Durrani said he had sent a summary to the government for 65 percent increase in the House hiring of government employees. The newly elected Senator Sherry Rehman took oath of office. The House has now been prorogued.