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Smooth sailing for FY22 budget amid opp protest

Daily Times Smooth sailing for FY22 budget amid opp protest Tarin says PML-N government had left current account deficit of $20 billion, which PTI government has turned into surplus June 30, 2021 The National Assembly on Tuesday passed the Finance Bill 2021 with a majority vote despite protest by the opposition parties. Finance Minister Shaukat Tarin introduced the Finance Amendment Bill 2021 in the House, which was opposed by the opposition. The House approved a motion to introduce the Finance Bill which was challenged by Nawab Muhammad Yousuf Talpur of the PPP after which the speaker directed for the count of votes to begin. The House passed the motion with majority vote which led to the passage of Finance Bill, 2021, after clause by clause reading as well as voice voting along with amendments.

Previous government of PML-N left $20b CAD: Ali Awan

Previous government of PML-N left $20b CAD: Ali Awan June 28, 2021 Special Assistant to Prime Minister on Capital Development Authority (CDA) Affairs Ali Nawaz Awan here on Sunday said the previous Muslim League-N government had left a Current Account Deficit (CAD) of $ 20 billion, which was turned by the Pakistan Tehreek Insaf (PTI) government into $800 million surplus as its major economic success. “The former government has left Rs 45 billion in the form of liabilities, including Current Account Deficits, external debt, circular debt and trade deficits, which led the government to go to the International Monetary Fund (IMF), ” he said while talking to APP.

Opposition s narrative on FATF shameful: Hammad

June 27, 2021 ISLAMABAD: Federal Minister for Energy Hammad Azhar Saturday termed the opposition parties’ narrative on the Financial Action Task Force (FATF) shameful and condemnable. Addressing a news conference, the minister said the world community and FATF acknowledged and recognized the considerable progress and efforts made by Pakistan on an action plan with high-level commitment. He said the opposition was making political point scoring for its gains adding the national economy was heading in the right direction due to prudent economic policies of the incumbent government. He said FATF has also given a new 7-point action plan. The new action plan was mainly focused to counter money laundering, which was relatively easy than the terror financing. “We have set a target to meet this in 12 months,” he said.

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