 2023 under Article 75 of the Constitution.){kind=link}
President Dr. Arif Alvi approved the Finance Bill (Supplementary) 2023.
Finance (Supplementary) Bill has approved by President of Pakistan Dr. Arif Alvi under Article 75 of the Constitution.
It should noted that on the evening of Monday, February 20, the Finance (Supplementary) Bill 2023 in the National Assembly approved by majority vote in the presence of opposition members. Which presented by Federal Minister of Finance and Revenue Senator Muhammad Ishaq Dar.
After the approval in the National Assembly, the Finance Supplementary Bill sent to the Presidency for approval.
In this regard, Finance Minister Ishaq Dar then met President Dr. Arif Alvi. During which he assured that the approval of the bill and its becoming an act would not delayed.
According to the sources, the President informed by the Minister of Finance about the need to implement the law in the context of the agreement with the IMF.
The bill imposes new taxes worth Rs 170 billion to revive the stalled International Monetary Fund (IMF) bailout program.
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A staff-level agreement with the IMF will be signed next week in the wake of the bill’s implementation.
However, finance Minister Ishaq Dar is hopeful that the country’s economy will begin to recover quickly with the measures taken by the government and the IMF.