Senate presents 77 recommendations to na over budget 2018-19 – profit by pakistan today static electricity bill nye full episode

##

ISLAMABAD: The Senate on Wednesday recommended some 77 proposals to the National Assembly including the increase in petroleum development levy which may be restricted to an increase of 25 per cent over the existing rates, along with tax rates on individuals to be increased.

• The Senate of Pakistan recommends to the National Assembly that for the tax rates of individuals the slab of Rs12,00,000 to Rs24,00,000 the tax rate be increased to 10 per cent, slab for Rs24,00,000 to Rs48,00,000 the tax rate be increased to 15 per cent and the slab for Rs48,00,000 and above be increased by 25 per cent.

• The Senate of Pakistan recommends to the National Assembly that the membership of Chamber of Commerce and Industry should be made compulsory for all businessmen in order to become a filer and for the better of tax system a Central Business Data Record System should also be established.

• The Senate of Pakistan recommends to the National Assembly that steps should be taken for the encouragement of tax payers and first 5000 tax payers should be accorded status of VIP citizen and awards should be given to them in the national events.

• The Senate of Pakistan recommends to the National Assembly that the Government should adhere to and implement the provisions of Fiscal Responsibility and Debt Limitation Act, 2005, and take steps to reduce the debt which is increasing rather than decreasing and putting the entire nation under heavy debt.

• The Senate of Pakistan recommends to the National Assembly that Long term staggered program be devised for the development of FATA to eradicate sense of deprivation of its products and allocate sufficient budget for FATA i.e. two fold preferably.

• The Senate of Pakistan recommends to the National Assembly that the Session Allowance of Senate/Assembly employees should be de-frozen and restored at the rate of their running basic pays as it is not a regular allowance and only being given on a day to day basis for extended working hours before, during and after the sessions, and since it is granted only to employees of the Senate and National Assembly Secretariats in view of their long sitting hours and important work under short timelines.

• The Senate of Pakistan recommends to the National Assembly that sufficient funds should be allocated in order to waive off the agricultural loans of Rs2.75 billion granted to the poor farmers in pursuance of the unanimous Resolution No.289 dated 21-09-2016, passed by House of the Federation.

• The Senate of Pakistan recommends to the National Assembly that the purpose and outcomes/impact of NCHD should be clearly defined, post-devolution, in terms of primary/general education versus literacy and informal education and commensurate with the objectives and outcomes, the salary of the employees of the NCHD should also be increased by Rs16000 per month.

• The Senate of Pakistan recommends to the National Assembly that custom duty in custom tariff code 6001-9210 (Greige Blanket Fabric) which is at present equivalent to the custom duty of printed and finished Blanket should be rationalized as per principle of Cascading.

• The Senate of Pakistan recommends to the National Assembly that Custom duty in customs tariff code 8617.1219 (Mobile in CKD/SKD Condition) which is at present equivalent to the customs duty of Cellular mobile phones (CBU) should be suitably reduced.

• The Senate of Pakistan recommends to the National Assembly that the adjustment of input on raw material should not be allowed and final tax should be collected at the import stage on potassium chlorate whereas 17 per cent sales tax along with additional tax (reasonable balancing amount) should be charged and also no adjustment of sales tax on other raw material be allowed and the final product i.e. match boxes should be exempted.

• The Senate of Pakistan recommends to the National Assembly of Pakistan that remaining amount required for the completion of the Makhi-Farsh Link Canal located in the lower Nara Region of Sindh may be allocated from the PSDP Program for the Financial Year 2018 so that the scheme can be completed.

• The Senate of Pakistan recommends to the National Assembly that the allocations in the PSDP for the Provinces should be placed before the Senate at-least two months before the finalization of the budget so that the Members of the Upper House may have an opportunity to fully participate in relation to the allocation of PSDP.

• The Senate of Pakistan recommends to the National Assembly that funds allocation of 365 million for PSDP 2018-19 for refurbishment of Senate Hall (201.5 million), and construction of Chairman Senate Residence (145.5 million) may be allocated.

• The Senate of Pakistan recommends to the National Assembly that comprehensive planning should be done and a fund should be allocated for beginning the work for exploration and evacuation of metallic minerals and coal in District Dakki, (Pashin, Qilla Saifullah, Zhob, Musakhel, Loralai, hernia, Qilla Abdullah) and Zhob Quetta Division in Balochistan province.

• The Senate of Pakistan recommends to the National Assembly that allocation be made for establishing Grid Station in Balozai, Tehsil Khanozai, Maizaiada, Bostan, Marghakabzai, Abdul Rehmanzai, Sapera Ragha Draghi, Narai Dag, district Loralai, Margha, Faqeerzai, district Balochistan.