Senate: (Senate continues debate on Federal Budget)

June 9, 2015 Off By Web Desk

ISLAMABAD: The Senate on Wednesday continued debate on Federal Budget for next financial year 2015-16.

Taking part in the discussion, Ayesha Raza Farooq said the government has presented a balanced and people-friendly budget with focus on providing maximum relief to the common man.

Ayesha Raza Farooq termed the budgetary proposals for the next fiscal year as revolutionary and visionary. She said the measures announced in the budget will attract investment and create job opportunities for the youth.

She said the next year budget also envisages incentives for agriculture sector including loans for small farmers and wavier of duties on solar tube-wells. Participating in the debate, Mushahid Hussain Sayed urged the government to give priority to resolution of energy crisis and broadening the tax net to push up economic growth rate.

He welcomed the increase in the defence budget. He said tax reforms should be introduced to bring the affluent class into the tax net. He, however, welcomed the increase in the defence budget and said that allocations should also be made to make National Counter Terrorism Authority operational. Usman Kakar said development of backward and less developed areas should be prioritized to bring them at par with the developed ones.

Syed Taj Haider said there is demand for five hundred thousand houses every year but this sector has been neglected in the budget. He was of the view that incentives for the agriculture sector were also meant for feudal lords and not for ordinary farmers. The House will meet today (Thursday).