Under the Finance Bill 2023-24, which was approved with a majority vote, the tax collection target has increased from Rs9,200 billion to Rs9,415 billion and pension payment increased from Rs761 billion to Rs801 billion. Moreover, under National Finance Commission (NFC), instead of Rs5,276 billion, Rs5,390 billion will be received. A total of nine amendments were introduced in the Finance Bill 2023-24 - eight of the government while one of the opposition - and all were approved. Finance Minister Ishaq Dar also presented an amendment to the Petroleum Development Levy Ordinance which was approved by the House with a majority vote. Opposition member Maulana Abdul Akbar Chitrali's amendment, authorising the chairman standing committee to use a 1200 cc vehicle, was also accepted.

Source: The Express Tribune June 25, 2023 14:40 UTC