Govt tables Finance Bill 2023 in NA to fulfil IMF conditions - SUCH TV
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A National Assembly session is under way to pass a crucial tax amendment bill to fulfil the conditions of the International Monetary Fund (IMF) to revive a stalled loan programme that the country needs to stave off default. Finance Minister Ishaq Dar introduced the Finance (Supplementary) Bill 2023. Addressing the lower house of parliament, Dar compared the performance of the previous PML-N and PTI governments. He said that during former prime minister Nawaz Sharif’s tenure, the GDP per capita increased while the Pakistan Stock Exchange’s (PSX) market capitalisation was $100 billion. However, the PSX’s market capitalisation declined to $26bn during the PTI government, he said, adding that the decrease showed a lack of investor confidence in the previous government. Dar also criticised the PTI government for increasing the country’s debts significantly. “In 2017-18, GDP growth had surpassed six per cent, inflation was at 5pc, food inflation at 2pc … After the 2018 el...