ISLAMABAD: Acting President Sadiq Sajrani signed Finance Bill 2023-24  after National Assembly passed  bill day earlier with certain amendments to proposed budgetary measures with revised outlay of Rs 14.48 trillion. Approved budget 2023-24 focuses on economic stability, sustainable and inclusive growth as well as curbing inflationary pressures. New measures included Rs 215 billion additional taxes through amendments to original bill, which was presented on June 9. Bill set target of 3.5 percent growth rate in gross domestic product.

House passed bill a day earlier, moved by Finance Minister Ishaq Dar with majority vote. Budget was approved day after Dar announced fiscal adjustments worth Rs 300 billion including fiscal tightening measures as demanded by International Monetary Fund in final push to clinch much-delayed rescue package.

Published in The Daily National Courier, June, 27 2023

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